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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
SITM icon
701
SiTime
SITM
$16.6B
$1.83M 0.01%
+5,300
New +$1.95M
KNSL icon
702
Kinsale Capital Group
KNSL
$7.95B
$1.83M 0.01%
5,345
+100
+2% +$37.9K
AM icon
703
Antero Midstream
AM
$10.8B
$1.82M 0.01%
79,725
+900
+1% +$18.6K
REXR icon
704
Rexford Industrial Realty
REXR
$8.7B
$1.81M 0.01%
55,382
+500
+0.9% +$18.8K
FLR icon
705
Fluor
FLR
$7.29B
$1.81M 0.01%
38,797
+700
+2% +$32.6K
SFM icon
706
Sprouts Farmers Market
SFM
$7.04B
$1.8M 0.01%
23,396
+400
+2% +$29.9K
MTDR icon
707
Matador Resources
MTDR
$6.31B
$1.78M 0.01%
28,100
+500
+2% +$25K
CRUS icon
708
Cirrus Logic
CRUS
$6.74B
$1.77M 0.01%
12,241
+200
+2% +$26.9K
ARW icon
709
Arrow Electronics
ARW
$10.9B
$1.76M 0.01%
12,275
+100
+0.8% +$13.7K
SEIC icon
710
SEI Investments
SEIC
$11.9B
$1.76M 0.01%
22,388
+400
+2% +$32.9K
FCFS icon
711
FirstCash
FCFS
$8.55B
$1.75M 0.01%
9,315
+100
+1% +$18.1K
WAL icon
712
Western Alliance Bancorporation
WAL
$9.07B
$1.75M 0.01%
24,700
+300
+1% +$25K
ERIE icon
713
Erie Indemnity
ERIE
$11.7B
$1.74M 0.01%
6,932
-100
-1% -$26.8K
KEX icon
714
Kirby Corp
KEX
$7.95B
$1.74M 0.01%
13,059
+300
+2% +$38K
ALV icon
715
Autoliv
ALV
$8.6B
$1.74M 0.01%
16,500
– –
POOL icon
716
Pool Corp
POOL
$6.7B
$1.72M 0.01%
8,513
-100
-1% -$23.6K
HQY icon
717
HealthEquity
HQY
$7.91B
$1.72M 0.01%
20,522
+200
+1% +$16.4K
INGR icon
718
Ingredion
INGR
$6.38B
$1.71M 0.01%
15,188
+200
+1% +$23K
AAL icon
719
American Airlines Group
AAL
$9.58B
$1.71M 0.01%
158,900
+2,900
+2% +$38.4K
SSD icon
720
Simpson Manufacturing
SSD
$7.98B
$1.7M 0.01%
9,927
+100
+1% +$18.4K
AGCO icon
721
AGCO
AGCO
$8.78B
$1.68M 0.01%
14,458
-200
-1% -$24.2K
STAG icon
722
STAG Industrial
STAG
$7.86B
$1.66M 0.01%
46,000
+1,900
+4% +$72K
CART icon
723
Maplebear
CART
$9.92B
$1.66M 0.01%
44,200
+800
+2% +$30.3K
SLAB icon
724
Silicon Laboratories
SLAB
$7.15B
$1.64M 0.01%
7,897
+100
+1% +$18.3K
JEF icon
725
Jefferies Financial Group
JEF
$12.9B
$1.64M 0.01%
39,816
+800
+2% +$41.5K
27 28
29
30 31

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.