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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
ARMK icon
601
Aramark
ARMK
$16B
$2.19M 0.01%
63,500
+1,100
+2% +$40.5K
ORI icon
602
Old Republic International
ORI
$10.3B
$2.19M 0.01%
55,878
+600
+1% +$22K
HAS icon
603
Hasbro
HAS
$13.8B
$2.19M 0.01%
35,612
– –
EGP icon
604
EastGroup Properties
EGP
$10.9B
$2.19M 0.01%
12,427
+700
+6% +$122K
SSB icon
605
SouthState Bank Corp
SSB
$10.6B
$2.18M 0.01%
23,500
+5,400
+30% +$532K
CRS icon
606
Carpenter Technology
CRS
$27.1B
$2.17M 0.01%
12,000
+200
+2% +$38.6K
GME icon
607
GameStop
GME
$8.39B
$2.17M 0.01%
97,300
+1,100
+1% +$28.8K
HII icon
608
Huntington Ingalls Industries
HII
$13.1B
$2.16M 0.01%
10,606
-1,584
-13% -$301K
BWXT icon
609
BWX Technologies
BWXT
$15.5B
$2.16M 0.01%
21,900
+200
+0.9% +$21.7K
BLD
610
DELISTED
TopBuild
BLD
$2.15M 0.01%
7,057
+100
+1% +$32K
REXR icon
611
Rexford Industrial Realty
REXR
$8.13B
$2.13M 0.01%
54,482
+1,900
+4% +$76.1K
CPB icon
612
Campbell Soup
CPB
$6.76B
$2.13M 0.01%
53,401
+100
+0.2% +$3.92K
MTCH icon
613
Match Group
MTCH
$8.45B
$2.13M 0.01%
68,153
– –
PR
614
Permian Resources
PR
$18B
$2.12M 0.01%
153,100
+2,400
+2% +$34.4K
WBS icon
615
Webster Financial
WBS
$12.8B
$2.12M 0.01%
41,044
+500
+1% +$27.8K
APA icon
616
APA Corp
APA
$14.4B
$2.11M 0.01%
100,373
-35,000
-26% -$769K
JEF icon
617
Jefferies Financial Group
JEF
$12.8B
$2.09M 0.01%
39,016
+600
+2% +$40.7K
HLI icon
618
Houlihan Lokey
HLI
$8.8B
$2.08M 0.01%
12,900
+200
+2% +$34.4K
CRL icon
619
Charles River Laboratories
CRL
$13.3B
$2.08M 0.01%
13,830
– –
INGR icon
620
Ingredion
INGR
$6.57B
$2.08M 0.01%
15,388
– –
AIT icon
621
Applied Industrial Technologies
AIT
$13.2B
$2.07M 0.01%
9,200
+100
+1% +$24.6K
MLI icon
622
Mueller Industries
MLI
$15.2B
$2.07M 0.01%
54,400
+600
+1% +$24K
FND icon
623
Floor & Decor
FND
$6.39B
$2.07M 0.01%
25,700
+300
+1% +$28.3K
NVT icon
624
nVent Electric
NVT
$27B
$2.07M 0.01%
39,406
+400
+1% +$25.3K
LW icon
625
Lamb Weston
LW
$7.22B
$2.06M 0.01%
38,732
– –
23 24
25
26 27

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
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
OAG
Orbis Allan Gray Hamilton, Bermuda $23.7B AUM 65.43% 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.