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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
AYI icon
651
Acuity Brands
AYI
$10.8B
$1.92M 0.01%
7,294
+100
+1% +$30.2K
DCI icon
652
Donaldson
DCI
$11.4B
$1.92M 0.01%
28,558
+200
+0.7% +$13.8K
NNN icon
653
NNN REIT
NNN
$8.73B
$1.91M 0.01%
44,884
+500
+1% +$20.4K
FYBR
654
DELISTED
Frontier Communications
FYBR
$1.9M 0.01%
53,000
+500
+1% +$17.9K
COKE icon
655
Coca-Cola Consolidated
COKE
$12.2B
$1.89M 0.01%
14,000
– –
AA icon
656
Alcoa
AA
$14.2B
$1.89M 0.01%
61,875
+700
+1% +$24.5K
RYAN icon
657
Ryan Specialty Holdings
RYAN
$10.6B
$1.88M 0.01%
25,500
+300
+1% +$20.4K
TTEK icon
658
Tetra Tech
TTEK
$9.09B
$1.88M 0.01%
64,140
+700
+1% +$23.5K
LAD icon
659
Lithia Motors
LAD
$8.35B
$1.87M 0.01%
6,387
+100
+2% +$34.1K
SNX icon
660
TD Synnex
SNX
$20.7B
$1.87M 0.01%
18,021
+100
+0.6% +$13.4K
GPK icon
661
Graphic Packaging
GPK
$3.53B
$1.87M 0.01%
71,900
+800
+1% +$21.4K
CMA
662
DELISTED
Comerica
CMA
$1.86M 0.01%
31,500
+400
+1% +$25.1K
DOCS icon
663
Doximity
DOCS
$4.58B
$1.86M 0.01%
32,000
+1,700
+6% +$107K
IVZ icon
664
Invesco
IVZ
$14.1B
$1.84M 0.01%
121,498
-500
-0.4% -$8.53K
WMS icon
665
Advanced Drainage Systems
WMS
$10.8B
$1.84M 0.01%
16,900
+200
+1% +$23.3K
HQY icon
666
HealthEquity
HQY
$8.93B
$1.83M 0.01%
20,722
– –
MEDP icon
667
Medpace
MEDP
$16.8B
$1.83M 0.01%
5,999
– –
LNW
668
DELISTED
Light & Wonder
LNW
$1.83M 0.01%
21,099
+200
+1% +$19.3K
EXLS icon
669
EXL Service
EXLS
$5.33B
$1.82M 0.01%
38,500
+400
+1% +$19.2K
CBSH icon
670
Commerce Bancshares
CBSH
$8.46B
$1.82M 0.01%
30,633
+210
+0.7% +$12.8K
RRX icon
671
Regal Rexnord
RRX
$11.8B
$1.81M 0.01%
15,901
+200
+1% +$27.8K
JAZZ icon
672
Jazz Pharmaceuticals
JAZZ
$16.3B
$1.8M 0.01%
14,504
+200
+1% +$26.1K
MGM icon
673
MGM Resorts International
MGM
$10.9B
$1.8M 0.01%
60,644
-800
-1% -$26.9K
WTFC icon
674
Wintrust Financial
WTFC
$10.7B
$1.8M 0.01%
15,963
+200
+1% +$24.7K
SKX
675
DELISTED
Skechers
SKX
$1.79M 0.01%
31,544
+400
+1% +$26K
25 26
27
28 29

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.