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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

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

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

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
PM icon
51
Philip Morris
PM
$298B
$67.2M 0.36%
406,658
-900
-0.2% -$156K
GS icon
52
Goldman Sachs
GS
$318B
$66.3M 0.35%
78,367
-200
-0.3% -$178K
ANET icon
53
Arista Networks
ANET
$214B
$65.8M 0.35%
535,956
-600
-0.1% -$80.3K
ORCL icon
54
Oracle
ORCL
$369B
$65.2M 0.34%
442,932
+2,600
+0.6% +$423K
VZ icon
55
Verizon
VZ
$182B
$64.3M 0.34%
1,281,850
-2,200
-0.2% -$102K
LIN icon
56
Linde
LIN
$239B
$62.9M 0.33%
126,904
-200
-0.2% -$94.4K
QUAL icon
57
iShares MSCI USA Quality Factor ETF
QUAL
$46.2B
$62.3M 0.33%
324,549
+79,500
+32% +$15.9M
T icon
58
AT&T
T
$151B
$62.1M 0.33%
2,143,713
-27,200
-1% -$727K
GEV icon
59
GE Vernova
GEV
$285B
$61.5M 0.32%
70,440
-600
-0.8% -$468K
CI icon
60
Cigna
CI
$74.4B
$60.9M 0.32%
228,141
-1,100
-0.5% -$304K
XLV icon
61
State Street Health Care Select Sector SPDR ETF
XLV
$41.4B
$59.3M 0.31%
404,788
+40,600
+11% +$6.26M
IBM icon
62
IBM
IBM
$201B
$59.2M 0.31%
244,140
-600
-0.2% -$162K
MCD icon
63
McDonald's
MCD
$191B
$57.8M 0.31%
186,015
-400
-0.2% -$127K
C icon
64
Citigroup
C
$218B
$57.4M 0.3%
505,936
-11,900
-2% -$1.36M
KLAC icon
65
KLA
KLAC
$282B
$57.1M 0.3%
387,680
-1,000
-0.3% -$146K
MBB icon
66
iShares MBS ETF
MBB
$39.3B
$57M 0.3%
600,000
– –
PEP icon
67
PepsiCo
PEP
$187B
$56.7M 0.3%
365,122
-1,000
-0.3% -$156K
TJX icon
68
TJX Companies
TJX
$170B
$55.5M 0.29%
347,682
-1,300
-0.4% -$202K
FDS icon
69
Factset
FDS
$9.11B
$53.1M 0.28%
244,523
+205,288
+523% +$47.9M
MS icon
70
Morgan Stanley
MS
$341B
$51.7M 0.27%
314,326
-1,900
-0.6% -$329K
NEE icon
71
NextEra Energy
NEE
$186B
$50.5M 0.27%
543,998
-1,200
-0.2% -$107K
AMGN icon
72
Amgen
AMGN
$197B
$49.5M 0.26%
140,697
-300
-0.2% -$107K
HIMS icon
73
Hims & Hers Health
HIMS
$7.72B
$48.5M 0.26%
2,338,600
+280,900
+14% +$6.64M
ABT icon
74
Abbott
ABT
$174B
$48.4M 0.26%
471,457
-1,000
-0.2% -$113K
TMO icon
75
Thermo Fisher Scientific
TMO
$198B
$48.2M 0.25%
98,110
-300
-0.3% -$163K
1 2
3
4 5

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.