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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
FNF icon
551
Fidelity National Financial
FNF
$13.9B
$3.03M 0.02%
65,300
+1,200
+2% +$62.3K
CG icon
552
Carlyle Group
CG
$16.3B
$3.02M 0.02%
62,400
+1,100
+2% +$60.7K
STRL icon
553
Sterling Infrastructure
STRL
$20.3B
$3.01M 0.02%
7,400
+100
+1% +$39.1K
ROIV icon
554
Roivant Sciences
ROIV
$25.2B
$3.01M 0.02%
108,500
+5,000
+5% +$128K
HL icon
555
Hecla Mining
HL
$10.2B
$3.01M 0.02%
161,300
+2,900
+2% +$65.3K
RRX icon
556
Regal Rexnord
RRX
$14.2B
$3M 0.02%
16,001
+300
+2% +$55.8K
AR icon
557
Antero Resources
AR
$10.9B
$2.99M 0.02%
70,500
+1,200
+2% +$43.8K
GNRC icon
558
Generac Holdings
GNRC
$11.9B
$2.99M 0.02%
15,316
– –
DOC icon
559
Healthpeak Properties
DOC
$15.4B
$2.98M 0.02%
181,593
-300
-0.2% -$5.14K
ALGN icon
560
Align Technology
ALGN
$12B
$2.98M 0.02%
17,400
-100
-0.6% -$17.5K
MLI icon
561
Mueller Industries
MLI
$14.1B
$2.96M 0.02%
53,400
+1,000
+2% +$60K
AEIS icon
562
Advanced Energy
AEIS
$12.2B
$2.94M 0.02%
+9,100
New +$2.64M
UHS icon
563
Universal Health Services
UHS
$9.43B
$2.93M 0.02%
16,374
– –
GDDY icon
564
GoDaddy
GDDY
$12.3B
$2.92M 0.02%
35,300
-100
-0.3% -$9.49K
SOLS
565
Solstice Advanced Materials
SOLS
$9.62B
$2.91M 0.02%
+38,200
New +$2.62M
ELS icon
566
Equity Lifestyle Properties
ELS
$12.8B
$2.91M 0.02%
46,600
+800
+2% +$51.8K
GL icon
567
Globe Life
GL
$13.5B
$2.9M 0.02%
20,836
– –
DPZ icon
568
Domino's
DPZ
$11B
$2.9M 0.02%
8,080
-100
-1% -$39.5K
CACI icon
569
CACI
CACI
$10.8B
$2.89M 0.02%
5,321
+100
+2% +$60.2K
ZBRA icon
570
Zebra Technologies
ZBRA
$12.4B
$2.88M 0.02%
13,791
-400
-3% -$93.9K
SWK icon
571
Stanley Black & Decker
SWK
$14.2B
$2.87M 0.02%
40,431
-100
-0.2% -$8.03K
BMNR
572
BitMine Immersion Technologies
BMNR
$9.52B
$2.87M 0.02%
145,000
– –
CNH
573
CNH Industrial
CNH
$13.8B
$2.87M 0.02%
+260,600
New +$2.93M
ELAN icon
574
Elanco Animal Health
ELAN
$12.4B
$2.86M 0.02%
119,600
+2,200
+2% +$53.8K
AIZ icon
575
Assurant
AIZ
$13.7B
$2.85M 0.02%
13,067
– –
21 22
23
24 25

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.