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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
CIEN icon
626
Ciena
CIEN
$54.8B
$2.05M 0.01%
33,996
-200
-0.6% -$15.8K
GNRC icon
627
Generac Holdings
GNRC
$12.8B
$2.05M 0.01%
16,216
+100
+0.6% +$14.3K
FRT icon
628
Federal Realty Investment Trust
FRT
$10.1B
$2.05M 0.01%
20,924
+300
+1% +$31.2K
MUSA icon
629
Murphy USA
MUSA
$10.1B
$2.03M 0.01%
4,324
– –
WYNN icon
630
Wynn Resorts
WYNN
$10.6B
$2.03M 0.01%
24,272
-800
-3% -$68.2K
WAL icon
631
Western Alliance Bancorporation
WAL
$8.8B
$2.01M 0.01%
26,100
+300
+1% +$25.2K
FBIN icon
632
Fortune Brands Innovations
FBIN
$5.96B
$2M 0.01%
32,842
+300
+0.9% +$20.1K
GMED icon
633
Globus Medical
GMED
$11.5B
$2M 0.01%
27,261
+300
+1% +$24.8K
DVA icon
634
DaVita
DVA
$11.6B
$1.99M 0.01%
13,039
-300
-2% -$47.1K
ADC icon
635
Agree Realty
ADC
$9.15B
$1.98M 0.01%
25,600
+1,100
+4% +$80.6K
MIDD icon
636
Middleby
MIDD
$5.63B
$1.96M 0.01%
12,920
+200
+2% +$31.4K
PCTY icon
637
Paylocity
PCTY
$7.75B
$1.96M 0.01%
10,472
+200
+2% +$40K
CHDN icon
638
Churchill Downs
CHDN
$6.16B
$1.95M 0.01%
17,580
+200
+1% +$23.9K
CACI icon
639
CACI
CACI
$14.7B
$1.95M 0.01%
5,321
– –
SEIC icon
640
SEI Investments
SEIC
$12.6B
$1.95M 0.01%
25,124
-100
-0.4% -$8.04K
MORN icon
641
Morningstar
MORN
$7.5B
$1.95M 0.01%
6,500
+100
+2% +$31.5K
BRX icon
642
Brixmor Property Group
BRX
$9.12B
$1.94M 0.01%
73,207
+1,700
+2% +$45.2K
PNFP icon
643
Pinnacle Financial Partners Inc
PNFP
$15.9B
$1.94M 0.01%
18,327
+200
+1% +$22.9K
HALO icon
644
Halozyme
HALO
$11.8B
$1.94M 0.01%
30,438
+300
+1% +$17.4K
PLNT icon
645
Planet Fitness
PLNT
$3.69B
$1.94M 0.01%
20,100
+200
+1% +$20.1K
G icon
646
Genpact
G
$5.69B
$1.94M 0.01%
38,484
+100
+0.3% +$4.96K
NYT icon
647
New York Times
NYT
$10.3B
$1.94M 0.01%
39,016
+400
+1% +$20.1K
BERY
648
DELISTED
Berry Global Group, Inc.
BERY
$1.93M 0.01%
27,700
+600
+2% +$41.7K
PARA
649
DELISTED
Paramount Global Class B
PARA
$1.93M 0.01%
161,412
-100
-0.1% -$1.12K
CFR icon
650
Cullen/Frost Bankers
CFR
$10.3B
$1.92M 0.01%
15,364
+200
+1% +$26.9K
24 25
26
27 28

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.