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SOMRS

State of Michigan Retirement System Portfolio holdings

AUM $22.6B
1-Year Est. Return 40.24%
This Fund
S&P 500
This Quarter Est. Return
-3.04%
1 Year Est. Return
+40.24%
3 Year Est. Return
+127.54%
5 Year Est. Return
+152.65%
10 Year Est. Return
+534.6%
AUM
$17.3B
AUM Growth
-$1.9B
Cap. Flow
-$1.06B
Cap. Flow %
-6.11%
Top 10 Hldgs %
32.47%
Holding
963
New
12
Increased
395
Reduced
310
Closed
19

Top Buys

Rank Stock Value
1
JPM icon
JPMorgan Chase
JPM
+$35M
2
AVGO icon
Broadcom
AVGO
+$34.7M
3
VRT icon
Vertiv
VRT
+$18.2M
4
XYZ
Block Inc
XYZ
+$17.4M
5
DASH icon
DoorDash
DASH
+$17.3M

Top Sells

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$585M
2
CVS icon
CVS Health
CVS
+$190M
3
T icon
AT&T
T
+$153M
4
IJH icon
iShares Core S&P Mid-Cap ETF
IJH
+$43M
5
MSFT icon
Microsoft
MSFT
+$36.3M

Sector Composition

Rank Sector Weight
1 Technology 28.36%
2 Financials 12.46%
3 Healthcare 10.12%
4 Consumer Discretionary 9.98%
5 Communication Services 9.07%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
WMT icon
26
Walmart Inc
WMT
$890B
$103M 0.6%
1,176,820
-1,300
-0.1% -$122K
ABBV icon
27
AbbVie
ABBV
$435B
$100M 0.58%
478,908
-700
-0.1% -$136K
NEE icon
28
NextEra Energy
NEE
$177B
$100M 0.58%
1,410,898
-200
-0% -$14.1K
ISRG icon
29
Intuitive Surgical
ISRG
$134B
$99.7M 0.58%
201,253
+100
+0% +$55.3K
BRK.A icon
30
Berkshire Hathaway Class A
BRK.A
$1.12T
$92.6M 0.53%
116
– –
AMD icon
31
Advanced Micro Devices
AMD
$789B
$82.5M 0.48%
803,040
-166,500
-17% -$18.5M
CSCO icon
32
Cisco
CSCO
$479B
$80.9M 0.47%
1,311,062
-1,400
-0.1% -$86.2K
BAC icon
33
Bank of America
BAC
$442B
$79.7M 0.46%
1,909,012
-15,500
-0.8% -$691K
IJH icon
34
iShares Core S&P Mid-Cap ETF
IJH
$127B
$79.5M 0.46%
1,361,710
-692,800
-34% -$43M
KO icon
35
Coca-Cola
KO
$375B
$78.2M 0.45%
1,091,448
-1,900
-0.2% -$127K
PLTR icon
36
Palantir
PLTR
$413B
$78.2M 0.45%
926,100
-50,200
-5% -$4.41M
CI icon
37
Cigna
CI
$74.6B
$77.2M 0.45%
234,541
-1,200
-0.5% -$362K
CVX icon
38
Chevron
CVX
$366B
$75.9M 0.44%
453,415
-200
-0% -$31.3K
RITM icon
39
Rithm Capital
RITM
$5.69B
$73.3M 0.42%
6,400,000
-2,004,734
-24% -$23.2M
IBM icon
40
IBM
IBM
$224B
$72.4M 0.42%
290,986
-100
-0% -$24.5K
CRM icon
41
Salesforce
CRM
$158B
$69.7M 0.4%
259,643
+200
+0.1% +$62.2K
WFC icon
42
Wells Fargo
WFC
$264B
$67.9M 0.39%
945,349
-11,500
-1% -$863K
PM icon
43
Philip Morris
PM
$295B
$66.9M 0.39%
421,758
-200
-0% -$28.3K
T icon
44
AT&T
T
$163B
$66.9M 0.39%
2,365,113
-6,100,200
-72% -$153M
MRK icon
45
Merck
MRK
$318B
$64.6M 0.37%
719,290
-300
-0% -$28K
LIN icon
46
Linde
LIN
$226B
$62.5M 0.36%
134,204
– –
ABT icon
47
Abbott
ABT
$187B
$62.4M 0.36%
470,557
-200
-0% -$25.5K
ORCL icon
48
Oracle
ORCL
$423B
$61.5M 0.36%
440,132
+3,900
+0.9% +$635K
HUBS icon
49
HubSpot
HUBS
$10.5B
$60.8M 0.35%
106,400
– –
MCD icon
50
McDonald's
MCD
$195B
$60.7M 0.35%
194,415
-100
-0.1% -$29.9K
1
2
3 4 5

Similar funds

FAM
Fred Alger Management New York $22.8B AUM 64.63% 1-Year Est. Return
BA
Bridgewater Associates Westport, Connecticut $22.4B AUM 34.48% 1-Year Est. Return
Tiger Global Management
Tiger Global Management New York $22.8B AUM 30.07% 1-Year Est. Return
AM
AGF Management Toronto, Ontario, Canada $22.3B AUM 46.42% 1-Year Est. Return
Capital Fund Management (CFM)
Capital Fund Management (CFM) Paris, France $22.1B AUM 20.49% 1-Year Est. Return
CAM
Cresset Asset Management Chicago, Illinois $23.1B AUM 27.04% 1-Year Est. Return
Luther King Capital Management (LKCM)
Luther King Capital Management (LKCM) Fort Worth, Texas $23.1B AUM 21.31% 1-Year Est. Return
DSA
Davis Selected Advisers Tucson, Arizona $21.8B AUM 23.45% 1-Year Est. Return

State of Michigan Retirement System's Q1 2025 Portfolio in Review

As of Q1 2025, State of Michigan Retirement System held 963 positions worth $17.3B, down 9.9% from $19.2B the previous quarter. Its ten largest holdings account for 32% of the portfolio.

State of Michigan Retirement System withdrew a net $1.06B in Q1 2025, closing 19 positions and reducing 310 holdings. Its most notable exit was iShares Biotechnology ETF, an estimated $18.1M position sold in full.

By sector, the portfolio is most concentrated in Technology at 28% of assets, down from 30% a quarter earlier, followed by Financials and Healthcare.

Against the trend, State of Michigan Retirement System opened a new position in DoorDash worth $16.8M.

  • State of Michigan Retirement System's largest Q1 2025 buy was DoorDash: 92,000 shares worth $16.8M.
  • State of Michigan Retirement System added most to JPMorgan Chase in Q1 2025, an estimated $35M increase.
  • State of Michigan Retirement System's biggest Q1 2025 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $585M.
  • State of Michigan Retirement System fully exited iShares Biotechnology ETF in Q1 2025, selling an estimated $18.1M.
  • State of Michigan Retirement System's ten largest holdings make up 32% of its $17.3B portfolio in Q1 2025.
  • State of Michigan Retirement System opened 12 new positions and closed 19 in Q1 2025.
  • State of Michigan Retirement System's portfolio value fell 9.9% quarter-over-quarter to $17.3B.

Based on State of Michigan Retirement System's 13F filing for Q1 2025, filed 30 Apr 2025.