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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
OC icon
651
Owens Corning
OC
$11.5B
$2.14M 0.01%
19,808
+400
+2% +$47.7K
TECH icon
652
Bio-Techne
TECH
$11.2B
$2.13M 0.01%
40,744
– –
BRX icon
653
Brixmor Property Group
BRX
$9.95B
$2.13M 0.01%
73,807
+1,500
+2% +$42.3K
MOS icon
654
The Mosaic Company
MOS
$7.09B
$2.11M 0.01%
82,908
-200
-0.2% -$5.49K
ARWR icon
655
Arrowhead Research
ARWR
$12.1B
$2.11M 0.01%
+33,700
New +$2.13M
VNOM icon
656
Viper Energy
VNOM
$8.81B
$2.1M 0.01%
44,700
+4,900
+12% +$210K
SWKS icon
657
Skyworks Solutions
SWKS
$9.06B
$2.08M 0.01%
38,907
– –
CFR icon
658
Cullen/Frost Bankers
CFR
$10.3B
$2.08M 0.01%
15,164
+100
+0.7% +$13.8K
ZION icon
659
Zions Bancorporation
ZION
$10.1B
$2.05M 0.01%
35,500
+600
+2% +$35.4K
AYI icon
660
Acuity Brands
AYI
$9.88B
$2.04M 0.01%
7,294
+100
+1% +$30.4K
LFUS icon
661
Littelfuse
LFUS
$10.2B
$2.02M 0.01%
5,953
+100
+2% +$32.5K
AHR icon
662
American Healthcare REIT
AHR
$11.1B
$2.01M 0.01%
+42,700
New +$2.12M
CR icon
663
Crane Co
CR
$13.1B
$2.01M 0.01%
11,772
+200
+2% +$38.4K
CUBE icon
664
CubeSmart
CUBE
$9.53B
$2.01M 0.01%
54,900
+1,000
+2% +$38.4K
BXP icon
665
Boston Properties
BXP
$11B
$2M 0.01%
38,557
– –
MOG.A icon
666
Moog Inc Class A
MOG.A
$13B
$1.99M 0.01%
+6,800
New +$2.08M
MUSA icon
667
Murphy USA
MUSA
$11.3B
$1.99M 0.01%
4,024
– –
CTRE icon
668
CareTrust REIT
CTRE
$10.2B
$1.97M 0.01%
+53,800
New +$2.07M
CAG icon
669
Conagra Brands
CAG
$7.07B
$1.96M 0.01%
124,915
-300
-0.2% -$5.3K
MASI
670
DELISTED
Masimo
MASI
$1.96M 0.01%
10,996
+200
+2% +$31.4K
ATR icon
671
AptarGroup
ATR
$8.45B
$1.95M 0.01%
15,510
– –
EPAM icon
672
EPAM Systems
EPAM
$4.69B
$1.95M 0.01%
14,427
– –
CGNX icon
673
Cognex
CGNX
$10.3B
$1.95M 0.01%
39,853
+200
+0.5% +$9.34K
R icon
674
Ryder
R
$10.3B
$1.95M 0.01%
9,530
– –
COLB icon
675
Columbia Banking Systems
COLB
$8.81B
$1.95M 0.01%
71,041
+400
+0.6% +$11.6K
25 26
27
28 29

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.