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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
RGA icon
526
Reinsurance Group of America
RGA
$15.7B
$3.24M 0.02%
15,852
+300
+2% +$62K
IT icon
527
Gartner
IT
$9.41B
$3.22M 0.02%
20,347
-400
-2% -$73.6K
MAS icon
528
Masco
MAS
$16B
$3.21M 0.02%
53,217
-1,200
-2% -$81.1K
TRU icon
529
TransUnion
TRU
$14.8B
$3.2M 0.02%
46,300
+400
+0.9% +$30.6K
WCC
530
WESCO International
WCC
$16.2B
$3.2M 0.02%
11,700
+200
+2% +$56.2K
HST icon
531
Host Hotels & Resorts
HST
$16.8B
$3.2M 0.02%
167,029
-400
-0.2% -$7.63K
SMCI icon
532
Super Micro Computer
SMCI
$19.5B
$3.2M 0.02%
140,400
+100
+0.1% +$3K
NBIX icon
533
Neurocrine Biosciences
NBIX
$17.7B
$3.19M 0.02%
24,181
+600
+3% +$79.6K
RPM icon
534
RPM International
RPM
$13.7B
$3.18M 0.02%
32,018
+500
+2% +$54K
DKS icon
535
Dick's Sporting Goods
DKS
$18.4B
$3.17M 0.02%
15,970
+300
+2% +$60.9K
PNW icon
536
Pinnacle West Capital
PNW
$12.9B
$3.15M 0.02%
31,261
– –
PSNL icon
537
Personalis
PSNL
$1.26B
$3.15M 0.02%
493,798
– –
JKHY icon
538
Jack Henry & Associates
JKHY
$10.7B
$3.13M 0.02%
19,816
-100
-0.5% -$17.1K
KTOS icon
539
Kratos Defense & Security Solutions
KTOS
$8.88B
$3.13M 0.02%
44,400
+4,500
+11% +$432K
PNFP icon
540
Pinnacle Financial Partners Inc
PNFP
$15.5B
$3.12M 0.02%
36,206
+17,979
+99% +$1.67M
OHI icon
541
Omega Healthcare
OHI
$15.4B
$3.12M 0.02%
71,163
+1,300
+2% +$59.3K
TOL icon
542
Toll Brothers
TOL
$14B
$3.12M 0.02%
22,826
– –
RNR icon
543
RenaissanceRe
RNR
$13.7B
$3.11M 0.02%
10,465
-400
-4% -$116K
BJ icon
544
BJs Wholesale Club
BJ
$11.9B
$3.1M 0.02%
31,515
+400
+1% +$38.6K
PEN icon
545
Penumbra
PEN
$12.5B
$3.09M 0.02%
9,414
+200
+2% +$67.7K
GWRE icon
546
Guidewire Software
GWRE
$11.5B
$3.07M 0.02%
20,500
+400
+2% +$60.9K
LSCC icon
547
Lattice Semiconductor
LSCC
$17.6B
$3.06M 0.02%
32,962
+600
+2% +$53.8K
WSO icon
548
Watsco Inc
WSO
$14.9B
$3.05M 0.02%
8,383
+100
+1% +$38.7K
FIVE icon
549
Five Below
FIVE
$11.2B
$3.04M 0.02%
13,322
+300
+2% +$62.8K
SNX icon
550
TD Synnex
SNX
$19.4B
$3.04M 0.02%
18,021
+100
+0.6% +$15.8K
20 21
22
23 24

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.