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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
GL icon
526
Globe Life
GL
$14.3B
$2.99M 0.02%
22,736
– –
EMN icon
527
Eastman Chemical
EMN
$8.57B
$2.98M 0.02%
33,868
-200
-0.6% -$18.9K
EWBC icon
528
East-West Bancorp
EWBC
$18.2B
$2.98M 0.02%
33,222
+400
+1% +$38.2K
NDSN icon
529
Nordson
NDSN
$17.4B
$2.98M 0.02%
14,751
– –
ACM icon
530
Aecom
ACM
$8.54B
$2.95M 0.02%
31,776
– –
PFGC icon
531
Performance Food Group
PFGC
$17.9B
$2.94M 0.02%
37,403
+500
+1% +$41.7K
PNW icon
532
Pinnacle West Capital
PNW
$12.1B
$2.94M 0.02%
30,861
– –
MANH icon
533
Manhattan Associates
MANH
$11.6B
$2.93M 0.02%
16,931
+200
+1% +$41.7K
AIZ icon
534
Assurant
AIZ
$14.1B
$2.91M 0.02%
13,867
-100
-0.7% -$20.9K
CW icon
535
Curtiss-Wright
CW
$26.6B
$2.87M 0.02%
9,061
+100
+1% +$33.7K
AMH icon
536
American Homes 4 Rent
AMH
$12.3B
$2.87M 0.02%
75,900
+800
+1% +$28.6K
IPG
537
DELISTED
Interpublic Group of Companies
IPG
$2.85M 0.02%
104,892
-100
-0.1% -$2.74K
AR icon
538
Antero Resources
AR
$11.4B
$2.83M 0.02%
70,000
+700
+1% +$26.8K
DUOL icon
539
Duolingo
DUOL
$6.33B
$2.83M 0.02%
9,100
+100
+1% +$34.2K
RNR icon
540
RenaissanceRe
RNR
$13.2B
$2.82M 0.02%
11,765
-500
-4% -$121K
JLL icon
541
Jones Lang LaSalle
JLL
$16.7B
$2.8M 0.02%
11,311
+100
+0.9% +$26.3K
DKS icon
542
Dick's Sporting Goods
DKS
$18.8B
$2.8M 0.02%
13,870
+200
+1% +$44.6K
NWSA icon
543
News Corp Class A
NWSA
$15.5B
$2.79M 0.02%
102,554
-300
-0.3% -$8.39K
SCI icon
544
Service Corp International
SCI
$11.4B
$2.77M 0.02%
34,562
+300
+0.9% +$23.6K
TKO icon
545
TKO Group
TKO
$14B
$2.77M 0.02%
18,100
+2,390
+15% +$365K
FIX icon
546
Comfort Systems
FIX
$60.1B
$2.74M 0.02%
8,500
+100
+1% +$40.3K
SGI
547
Somnigroup International
SGI
$14.1B
$2.74M 0.02%
45,738
+4,600
+11% +$278K
WTRG icon
548
Essential Utilities
WTRG
$11.2B
$2.68M 0.02%
67,871
+600
+0.9% +$22K
TXRH icon
549
Texas Roadhouse
TXRH
$13.8B
$2.66M 0.02%
15,978
+200
+1% +$35.4K
BXP icon
550
Boston Properties
BXP
$10.9B
$2.65M 0.02%
39,457
– –
20 21
22
23 24

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
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
DSA
Davis Selected Advisers Tucson, Arizona $21.8B AUM 23.45% 1-Year Est. Return
CHP
Castle Hook Partners New York $23.4B AUM 158.96% 1-Year Est. Return
IC
IEQ Capital Foster City, California $21.5B AUM 75.26% 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.