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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
BLDR icon
576
Builders FirstSource
BLDR
$7.84B
$2.84M 0.02%
34,500
– –
IVZ icon
577
Invesco
IVZ
$13.3B
$2.82M 0.01%
115,998
-500
-0.4% -$13.1K
ENSG icon
578
The Ensign Group
ENSG
$10.1B
$2.8M 0.01%
13,900
+300
+2% +$58.7K
EVR icon
579
Evercore
EVR
$13.1B
$2.78M 0.01%
9,305
+200
+2% +$65.5K
SCI icon
580
Service Corp International
SCI
$11.4B
$2.76M 0.01%
33,462
+300
+0.9% +$24.2K
JAZZ icon
581
Jazz Pharmaceuticals
JAZZ
$15.9B
$2.76M 0.01%
14,604
+200
+1% +$35K
WTRG icon
582
Essential Utilities
WTRG
$11.2B
$2.74M 0.01%
68,071
+1,200
+2% +$47.2K
SOLV icon
583
Solventum
SOLV
$13.5B
$2.72M 0.01%
41,651
– –
SF
584
Stifel
SF
$12.3B
$2.72M 0.01%
36,730
+599
+2% +$47.6K
CCK icon
585
Crown Holdings
CCK
$12.8B
$2.71M 0.01%
27,000
+100
+0.4% +$10.7K
BWA icon
586
BorgWarner
BWA
$13.2B
$2.7M 0.01%
49,800
-800
-2% -$42.2K
WBS icon
587
Webster Financial
WBS
$12.3B
$2.7M 0.01%
38,844
+700
+2% +$47.9K
SJM icon
588
J.M. Smucker
SJM
$12.6B
$2.68M 0.01%
27,839
-6,422
-19% -$672K
EQH icon
589
Equitable Holdings
EQH
$13.1B
$2.68M 0.01%
72,286
+500
+0.7% +$21.4K
EXEL icon
590
Exelixis
EXEL
$13.9B
$2.68M 0.01%
62,516
-800
-1% -$34.4K
UNM icon
591
Unum
UNM
$13.8B
$2.68M 0.01%
36,700
+300
+0.8% +$22.4K
FHN icon
592
First Horizon
FHN
$12.1B
$2.66M 0.01%
116,756
+400
+0.3% +$9.57K
DT icon
593
Dynatrace
DT
$12.1B
$2.66M 0.01%
71,800
+600
+0.8% +$22.9K
UDR icon
594
UDR
UDR
$12.9B
$2.65M 0.01%
78,545
-200
-0.3% -$7.34K
LAMR icon
595
Lamar Advertising Co
LAMR
$16.2B
$2.65M 0.01%
20,938
+400
+2% +$52.4K
ALLY icon
596
Ally Financial
ALLY
$13.1B
$2.65M 0.01%
67,600
+1,400
+2% +$57.6K
CPT icon
597
Camden Property Trust
CPT
$11.3B
$2.64M 0.01%
27,000
-900
-3% -$95.4K
ACM icon
598
Aecom
ACM
$9.07B
$2.64M 0.01%
31,076
-200
-0.6% -$19K
TXRH icon
599
Texas Roadhouse
TXRH
$12.7B
$2.62M 0.01%
15,878
+200
+1% +$35.9K
AES icon
600
AES
AES
$10.6B
$2.62M 0.01%
185,995
-400
-0.2% -$5.96K
22 23
24
25 26

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.