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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
CVLT icon
701
Commault Systems
CVLT
$5.78B
$1.66M 0.01%
10,512
+200
+2% +$32.9K
WCC
702
WESCO International
WCC
$17.9B
$1.65M 0.01%
10,600
– –
CHRD icon
703
Chord Energy
CHRD
$7.58B
$1.65M 0.01%
14,600
+100
+0.7% +$11.4K
UMBF icon
704
UMB Financial
UMBF
$11.1B
$1.64M 0.01%
16,241
+5,700
+54% +$628K
PB icon
705
Prosperity Bancshares
PB
$8.81B
$1.63M 0.01%
22,797
+200
+0.9% +$15.1K
MHK icon
706
Mohawk Industries
MHK
$9.19B
$1.63M 0.01%
14,245
– –
LNTH icon
707
Lantheus
LNTH
$6.59B
$1.62M 0.01%
16,600
+100
+0.6% +$9.35K
FAF icon
708
First American
FAF
$7.37B
$1.62M 0.01%
24,664
+300
+1% +$19K
ONB icon
709
Old National Bancorp
ONB
$10.1B
$1.62M 0.01%
76,342
+800
+1% +$18K
STAG icon
710
STAG Industrial
STAG
$7.09B
$1.61M 0.01%
44,700
+1,600
+4% +$55.8K
RLI icon
711
RLI Corp
RLI
$5.83B
$1.6M 0.01%
19,932
+100
+0.5% +$7.61K
SSD icon
712
Simpson Manufacturing
SSD
$8B
$1.59M 0.01%
10,127
+100
+1% +$16.4K
KBR icon
713
KBR
KBR
$4.83B
$1.59M 0.01%
31,911
+400
+1% +$21.3K
ESAB icon
714
ESAB
ESAB
$5.32B
$1.58M 0.01%
13,602
+100
+0.7% +$12.2K
RGEN icon
715
Repligen
RGEN
$9.21B
$1.58M 0.01%
12,453
+100
+0.8% +$15.4K
SNV
716
DELISTED
Synovus
SNV
$1.58M 0.01%
33,804
+300
+0.9% +$15.5K
WING icon
717
Wingstop
WING
$3.2B
$1.57M 0.01%
6,972
+100
+1% +$26K
BBWI icon
718
Bath & Body Works
BBWI
$3.89B
$1.57M 0.01%
+51,800
New +$1.83M
MAT icon
719
Mattel
MAT
$4.21B
$1.57M 0.01%
80,633
+900
+1% +$17.9K
VOYA icon
720
Voya Financial
VOYA
$9.08B
$1.56M 0.01%
23,016
+200
+0.9% +$14K
UFPI icon
721
UFP Industries
UFPI
$5.01B
$1.55M 0.01%
14,500
+100
+0.7% +$11.2K
HLNE icon
722
Hamilton Lane
HLNE
$5.53B
$1.55M 0.01%
10,400
+500
+5% +$76.2K
CART icon
723
Maplebear
CART
$11.7B
$1.54M 0.01%
+38,700
New +$1.72M
FLS icon
724
Flowserve
FLS
$10.1B
$1.54M 0.01%
31,468
+400
+1% +$22.7K
STWD icon
725
Starwood Property Trust
STWD
$6.16B
$1.52M 0.01%
76,700
+800
+1% +$15.7K
27 28
29
30 31

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
DSA
Davis Selected Advisers Tucson, Arizona $21.8B AUM 23.45% 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

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.