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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
BMRN icon
601
BioMarin Pharmaceuticals
BMRN
$11.5B
$2.61M 0.01%
46,200
+800
+2% +$46.6K
TTD icon
602
Trade Desk
TTD
$8.13B
$2.61M 0.01%
115,000
-300
-0.3% -$8.66K
COKE icon
603
Coca-Cola Consolidated
COKE
$12.3B
$2.61M 0.01%
13,600
+200
+1% +$35K
RVTY icon
604
Revvity
RVTY
$12.3B
$2.6M 0.01%
29,638
– –
MEDP icon
605
Medpace
MEDP
$16.8B
$2.59M 0.01%
5,399
+100
+2% +$51.2K
PINS icon
606
Pinterest
PINS
$12.4B
$2.58M 0.01%
140,900
+100
+0.1% +$2.09K
RRC icon
607
Range Resources
RRC
$9.11B
$2.57M 0.01%
56,986
+1,000
+2% +$39K
ARMK icon
608
Aramark
ARMK
$15B
$2.56M 0.01%
63,200
+1,100
+2% +$43.6K
PTON icon
609
Peloton Interactive
PTON
$2.63B
$2.56M 0.01%
596,477
– –
NTNX icon
610
Nutanix
NTNX
$14.9B
$2.47M 0.01%
65,100
+1,100
+2% +$46.4K
ONTO icon
611
Onto Innovation
ONTO
$13.6B
$2.44M 0.01%
11,900
+300
+3% +$61.4K
DY icon
612
Dycom Industries
DY
$12.9B
$2.44M 0.01%
7,200
+400
+6% +$150K
TTMI icon
613
TTM Technologies
TTMI
$13.6B
$2.43M 0.01%
+24,900
New +$2.37M
NWSA icon
614
News Corp Class A
NWSA
$14.5B
$2.41M 0.01%
96,754
-1,300
-1% -$32.2K
SFIX
615
Stitch Fix
SFIX
$478M
$2.41M 0.01%
726,983
– –
SPXC icon
616
SPX Corp
SPXC
$11B
$2.4M 0.01%
12,000
+200
+2% +$43K
AIT icon
617
Applied Industrial Technologies
AIT
$12.8B
$2.39M 0.01%
9,000
+100
+1% +$27.2K
EGP icon
618
EastGroup Properties
EGP
$11.5B
$2.37M 0.01%
12,827
+200
+2% +$37.4K
BLD
619
DELISTED
TopBuild
BLD
$2.37M 0.01%
6,757
+200
+3% +$89.6K
OGE icon
620
OGE Energy
OGE
$10.3B
$2.37M 0.01%
49,414
+1,800
+4% +$82.3K
WMS icon
621
Advanced Drainage Systems
WMS
$10.9B
$2.36M 0.01%
17,200
+300
+2% +$46.4K
DCI icon
622
Donaldson
DCI
$10.8B
$2.36M 0.01%
27,758
+400
+1% +$38.6K
DAR icon
623
Darling Ingredients
DAR
$9.93B
$2.35M 0.01%
38,074
+700
+2% +$34.5K
DINO icon
624
HF Sinclair
DINO
$15.9B
$2.35M 0.01%
37,600
+700
+2% +$37.9K
EHC icon
625
Encompass Health
EHC
$11.2B
$2.35M 0.01%
24,245
+500
+2% +$51.3K
23 24
25
26 27

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.