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SOMRS

State of Michigan Retirement System Portfolio holdings

AUM $18.9B
1-Year Est. Return 27.96%
This Fund
S&P 500
This Quarter Est. Return
-2.31%
1 Year Est. Return
+27.96%
3 Year Est. Return
+96.72%
5 Year Est. Return
+118.4%
10 Year Est. Return
+412.12%
AUM
$18.9B
AUM Growth
-$1.63B
Cap. Flow
-$623M
Cap. Flow %
-3.29%
Top 10 Hldgs %
32.18%
Holding
956
New
21
Increased
397
Reduced
417
Closed
15

Top Buys

Rank Stock Value
1
ADBE icon
Adobe
ADBE
+$193M
2
CHTR icon
Charter Communications
CHTR
+$87.8M
3
DUOL icon
Duolingo
DUOL
+$78M
4
KR icon
Kroger
KR
+$60.4M
5
FDS icon
Factset
FDS
+$47.9M

Top Sells

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$414M
2
NVDA icon
NVIDIA
NVDA
+$150M
3
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$103M
4
AAPL icon
Apple
AAPL
+$73.7M
5
MSFT icon
Microsoft
MSFT
+$73.6M

Sector Composition

Rank Sector Weight
1 Technology 31.88%
2 Financials 11.62%
3 Communication Services 10.41%
4 Consumer Discretionary 9.06%
5 Healthcare 8.62%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ESS icon
476
Essex Property Trust
ESS
$18.9B
$4.08M 0.02%
16,860
– –
VTRS icon
477
Viatris
VTRS
$20.1B
$4.07M 0.02%
300,899
-600
-0.2% -$8.4K
TRMB icon
478
Trimble
TRMB
$12.3B
$4.05M 0.02%
62,123
-200
-0.3% -$13.9K
NLY icon
479
Annaly Capital Management
NLY
$16.9B
$4.01M 0.02%
189,531
+11,500
+6% +$262K
THC icon
480
Tenet Healthcare
THC
$20.1B
$4M 0.02%
21,193
+400
+2% +$84.3K
OVV icon
481
Ovintiv
OVV
$17.5B
$3.97M 0.02%
66,800
+7,000
+12% +$338K
KIM icon
482
Kimco Realty
KIM
$17.6B
$3.96M 0.02%
176,133
-1,200
-0.7% -$26.4K
ITT icon
483
ITT
ITT
$17.5B
$3.95M 0.02%
20,729
+600
+3% +$114K
APA icon
484
APA Corp
APA
$12.8B
$3.93M 0.02%
92,673
-200
-0.2% -$6.05K
EG icon
485
Everest Group
EG
$15.2B
$3.93M 0.02%
12,011
-400
-3% -$132K
J icon
486
Jacobs Solutions
J
$15.9B
$3.91M 0.02%
30,699
-600
-2% -$81.6K
SSYS icon
487
Stratasys
SSYS
$697M
$3.9M 0.02%
+500,000
New +$4.89M
HII icon
488
Huntington Ingalls Industries
HII
$11.3B
$3.88M 0.02%
10,206
-100
-1% -$41.2K
PODD icon
489
Insulet
PODD
$11.3B
$3.86M 0.02%
18,400
– –
TYL icon
490
Tyler Technologies
TYL
$12.2B
$3.85M 0.02%
11,237
– –
GPC icon
491
Genuine Parts
GPC
$17.1B
$3.84M 0.02%
36,329
-100
-0.3% -$12.4K
RS icon
492
Reliance Steel & Aluminium
RS
$20.8B
$3.83M 0.02%
12,597
+200
+2% +$63.5K
ECHO
493
EchoStar
ECHO
$25.5B
$3.83M 0.02%
32,700
+900
+3% +$103K
PR
494
Permian Resources
PR
$17.9B
$3.8M 0.02%
178,200
+14,100
+9% +$243K
APG icon
495
APi Group
APG
$17.1B
$3.74M 0.02%
92,350
+4,900
+6% +$208K
SGI
496
Somnigroup International
SGI
$15.1B
$3.74M 0.02%
50,538
+900
+2% +$78.1K
PNR icon
497
Pentair
PNR
$10.2B
$3.73M 0.02%
42,764
-100
-0.2% -$9.8K
IEX icon
498
IDEX
IEX
$16.5B
$3.71M 0.02%
19,580
– –
MKSI icon
499
MKS Inc
MKSI
$22.2B
$3.71M 0.02%
16,140
+300
+2% +$67.8K
NDSN icon
500
Nordson
NDSN
$16.5B
$3.69M 0.02%
13,851
-100
-0.7% -$27.5K
18 19
20
21 22

Similar funds

BPA
Beacon Pointe Advisors Newport Beach, California $18.9B AUM 18.9% 1-Year Est. Return
NAM
Nissay Asset Management Tokyo, Japan $18.9B AUM 27.21% 1-Year Est. Return
JAM
Jupiter Asset Management London, United Kingdom $18.8B AUM 29.2% 1-Year Est. Return
LF
Lansforsakringar Fondforvaltning Stockholm, Sweden $19.1B AUM 26.9% 1-Year Est. Return
A
AustralianSuper Melbourne, Australia $19.2B AUM 31.95% 1-Year Est. Return
BBHC
Brown Brothers Harriman & Co New York $18.6B AUM 15.81% 1-Year Est. Return
CS
Candriam SCA Strassen, Luxembourg, Luxembourg $19.3B AUM 39.18% 1-Year Est. Return
PCM
Pentwater Capital Management Naples, Florida $19.3B AUM 58.13% 1-Year Est. Return

State of Michigan Retirement System's Q1 2026 Portfolio in Review

As of Q1 2026, State of Michigan Retirement System held 956 positions worth $18.9B, down 7.9% from $20.6B the previous quarter. Its ten largest holdings account for 32% of the portfolio.

State of Michigan Retirement System withdrew a net $623M in Q1 2026, closing 15 positions and reducing 417 holdings. Its most notable exit was Transmedics, an estimated $13.1M position sold in full.

By sector, the portfolio is most concentrated in Technology at 32% of assets, down from 33% a quarter earlier, followed by Financials and Communication Services.

Against the trend, State of Michigan Retirement System opened a new position in Spotify worth $27.2M.

  • State of Michigan Retirement System's largest Q1 2026 buy was Spotify: 56,031 shares worth $27.2M.
  • State of Michigan Retirement System added most to Adobe in Q1 2026, an estimated $193M increase.
  • State of Michigan Retirement System's biggest Q1 2026 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $414M.
  • State of Michigan Retirement System fully exited Transmedics in Q1 2026, selling an estimated $13.1M.
  • State of Michigan Retirement System's ten largest holdings make up 32% of its $18.9B portfolio in Q1 2026.
  • State of Michigan Retirement System opened 21 new positions and closed 15 in Q1 2026.
  • State of Michigan Retirement System's portfolio value fell 7.9% quarter-over-quarter to $18.9B.

Based on State of Michigan Retirement System's 13F filing for Q1 2026, filed 4 May 2026.