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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
GMED icon
626
Globus Medical
GMED
$10.4B
$2.31M 0.01%
26,761
+400
+2% +$35.9K
GME icon
627
GameStop
GME
$9.5B
$2.29M 0.01%
99,200
+1,800
+2% +$41.8K
DOCU
628
DocuSign
DOCU
$9.63B
$2.29M 0.01%
48,200
+700
+1% +$35.8K
BAH icon
629
Booz Allen Hamilton
BAH
$8.7B
$2.26M 0.01%
29,000
-2,000
-6% -$169K
BAX icon
630
Baxter International
BAX
$11.6B
$2.26M 0.01%
134,428
-5,700
-4% -$110K
FOX icon
631
Fox Class B
FOX
$20.7B
$2.25M 0.01%
42,431
-1,900
-4% -$110K
KNX icon
632
Knight Transportation
KNX
$11.8B
$2.25M 0.01%
39,027
+700
+2% +$40.1K
FLS icon
633
Flowserve
FLS
$9.25B
$2.25M 0.01%
30,568
+500
+2% +$39.6K
WTFC icon
634
Wintrust Financial
WTFC
$10.7B
$2.25M 0.01%
16,163
+300
+2% +$43.5K
SAIA icon
635
Saia
SAIA
$11.3B
$2.24M 0.01%
6,386
+100
+2% +$36.5K
CNM icon
636
Core & Main
CNM
$8.17B
$2.24M 0.01%
45,400
+300
+0.7% +$16.2K
WYNN icon
637
Wynn Resorts
WYNN
$10.1B
$2.24M 0.01%
22,072
– –
OSK icon
638
Oshkosh
OSK
$9.67B
$2.24M 0.01%
15,208
+300
+2% +$46.8K
GTLS
639
DELISTED
Chart Industries
GTLS
$2.23M 0.01%
10,800
+400
+4% +$82.8K
RMBS icon
640
Rambus
RMBS
$10.4B
$2.23M 0.01%
25,900
+500
+2% +$49.9K
CRL icon
641
Charles River Laboratories
CRL
$10.9B
$2.21M 0.01%
12,830
-100
-0.8% -$18.5K
NCLH icon
642
Norwegian Cruise Line
NCLH
$8.89B
$2.21M 0.01%
118,279
– –
SSB icon
643
SouthState Bank Corp
SSB
$10.3B
$2.21M 0.01%
23,900
+100
+0.4% +$9.81K
AFG icon
644
American Financial Group
AFG
$11.9B
$2.21M 0.01%
17,310
+300
+2% +$39K
AMH icon
645
American Homes 4 Rent
AMH
$12B
$2.19M 0.01%
78,500
+1,500
+2% +$45.4K
TTC icon
646
Toro Company
TTC
$8.93B
$2.19M 0.01%
23,432
+300
+1% +$28.3K
ORI icon
647
Old Republic International
ORI
$10.3B
$2.19M 0.01%
54,778
+1,000
+2% +$41.1K
FRT icon
648
Federal Realty Investment Trust
FRT
$10.9B
$2.18M 0.01%
20,524
– –
ADC icon
649
Agree Realty
ADC
$9.68B
$2.17M 0.01%
28,800
+1,700
+6% +$129K
NFG icon
650
National Fuel Gas
NFG
$7.84B
$2.15M 0.01%
22,912
+1,600
+8% +$140K
24 25
26
27 28

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.