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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
ALLY icon
551
Ally Financial
ALLY
$13.5B
$2.65M 0.02%
72,564
+900
+1% +$33.2K
AVTR icon
552
Avantor
AVTR
$9.28B
$2.64M 0.02%
163,000
+1,800
+1% +$34.1K
NBIX icon
553
Neurocrine Biosciences
NBIX
$16.6B
$2.64M 0.02%
23,881
-100
-0.4% -$12.7K
INCY icon
554
Incyte
INCY
$24.5B
$2.64M 0.02%
43,559
+200
+0.5% +$13.9K
EPAM icon
555
EPAM Systems
EPAM
$5.09B
$2.6M 0.02%
15,427
– –
MRNA icon
556
Moderna
MRNA
$24.3B
$2.6M 0.02%
91,841
-100
-0.1% -$3.55K
KNSL icon
557
Kinsale Capital Group
KNSL
$8.44B
$2.6M 0.02%
5,345
+100
+2% +$44.9K
WWD icon
558
Woodward
WWD
$21.3B
$2.59M 0.02%
14,210
+100
+0.7% +$18.5K
ACI icon
559
Albertsons Companies
ACI
$5.97B
$2.59M 0.01%
117,800
+97,100
+469% +$2M
RGLD icon
560
Royal Gold
RGLD
$19.7B
$2.57M 0.01%
15,748
+200
+1% +$29.3K
OHI icon
561
Omega Healthcare
OHI
$14B
$2.57M 0.01%
67,463
+3,500
+5% +$130K
LECO icon
562
Lincoln Electric
LECO
$15.4B
$2.55M 0.01%
13,489
+100
+0.7% +$19.6K
TOL icon
563
Toll Brothers
TOL
$14.2B
$2.53M 0.01%
23,926
– –
ITT icon
564
ITT
ITT
$19.4B
$2.52M 0.01%
19,529
+200
+1% +$28.5K
DAY
565
DELISTED
Dayforce
DAY
$2.51M 0.01%
43,110
+300
+0.7% +$19.3K
TECH icon
566
Bio-Techne
TECH
$11.3B
$2.51M 0.01%
42,844
-300
-0.7% -$20.3K
CCK icon
567
Crown Holdings
CCK
$13.2B
$2.5M 0.01%
28,000
– –
EXEL icon
568
Exelixis
EXEL
$13.1B
$2.47M 0.01%
67,016
-600
-0.9% -$21.4K
PEN icon
569
Penumbra
PEN
$12.8B
$2.46M 0.01%
9,214
+100
+1% +$27.1K
EHC icon
570
Encompass Health
EHC
$12.5B
$2.45M 0.01%
24,145
+300
+1% +$29.3K
HRL icon
571
Hormel Foods
HRL
$13.4B
$2.44M 0.01%
78,975
+100
+0.1% +$2.97K
FHN icon
572
First Horizon
FHN
$12B
$2.44M 0.01%
125,456
-100
-0.1% -$2.06K
AFG icon
573
American Financial Group
AFG
$12B
$2.42M 0.01%
18,410
+200
+1% +$25.8K
RBC icon
574
RBC Bearings
RBC
$17.8B
$2.41M 0.01%
7,500
+100
+1% +$33.7K
COHR icon
575
Coherent
COHR
$63.2B
$2.41M 0.01%
37,106
+500
+1% +$41.4K
21 22
23
24 25

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.