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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
CHRD icon
676
Chord Energy
CHRD
$7.79B
$1.95M 0.01%
13,700
+300
+2% +$32.7K
CAVA icon
677
CAVA Group
CAVA
$7.22B
$1.94M 0.01%
24,000
+400
+2% +$29.2K
CYTK icon
678
Cytokinetics
CYTK
$11B
$1.94M 0.01%
29,400
+500
+2% +$31.8K
AOS icon
679
A.O. Smith
AOS
$8.38B
$1.93M 0.01%
29,333
-300
-1% -$21.6K
PRI icon
680
Primerica
PRI
$9.81B
$1.93M 0.01%
7,719
+200
+3% +$51.6K
UMBF icon
681
UMB Financial
UMBF
$10.7B
$1.93M 0.01%
17,141
+300
+2% +$36.1K
HSIC icon
682
Henry Schein
HSIC
$9.74B
$1.93M 0.01%
26,188
– –
MANH icon
683
Manhattan Associates
MANH
$8.97B
$1.92M 0.01%
14,431
+200
+1% +$30K
NNN icon
684
NNN REIT
NNN
$9.39B
$1.92M 0.01%
45,684
+800
+2% +$34.5K
WTS icon
685
Watts Water Technologies
WTS
$11.5B
$1.91M 0.01%
6,595
+100
+2% +$30.5K
VMI icon
686
Valmont Industries
VMI
$9.44B
$1.91M 0.01%
4,788
+100
+2% +$43.7K
TAP icon
687
Molson Coors Class B
TAP
$7.68B
$1.9M 0.01%
44,238
-100
-0.2% -$4.75K
BEN icon
688
Franklin Resources
BEN
$16.9B
$1.9M 0.01%
80,237
– –
ARE icon
689
Alexandria Real Estate Equities
ARE
$8.88B
$1.89M 0.01%
40,718
– –
TTEK icon
690
Tetra Tech
TTEK
$8.23B
$1.89M 0.01%
62,740
+1,000
+2% +$35.3K
HLI icon
691
Houlihan Lokey
HLI
$9.68B
$1.88M 0.01%
13,100
+200
+2% +$32.9K
UGI icon
692
UGI
UGI
$8B
$1.88M 0.01%
51,658
+900
+2% +$33.9K
HRL icon
693
Hormel Foods
HRL
$13.9B
$1.87M 0.01%
82,675
-100
-0.1% -$2.39K
IDCC icon
694
InterDigital
IDCC
$6.68B
$1.87M 0.01%
+6,200
New +$2.11M
IDA icon
695
Idacorp
IDA
$8.23B
$1.86M 0.01%
13,020
+200
+2% +$27.4K
AMG icon
696
Affiliated Managers Group
AMG
$9.46B
$1.86M 0.01%
6,719
+100
+2% +$30.1K
MGM icon
697
MGM Resorts International
MGM
$11.7B
$1.86M 0.01%
50,144
-3,300
-6% -$118K
ONB icon
698
Old National Bancorp
ONB
$10.1B
$1.84M 0.01%
83,442
+1,300
+2% +$30.4K
FR icon
699
First Industrial Realty Trust
FR
$8.88B
$1.84M 0.01%
31,868
+600
+2% +$35.7K
HALO icon
700
Halozyme
HALO
$9.72B
$1.83M 0.01%
28,338
+500
+2% +$35.2K
26 27
28
29 30

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.