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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
CMC icon
726
Commercial Metals
CMC
$7.63B
$1.64M 0.01%
26,737
+500
+2% +$36.1K
CRBG icon
727
Corebridge Financial
CRBG
$14.1B
$1.64M 0.01%
68,800
-1,800
-3% -$50.4K
WFRD icon
728
Weatherford International
WFRD
$6.36B
$1.64M 0.01%
17,300
+300
+2% +$28.2K
ORA icon
729
Ormat Technologies
ORA
$6.11B
$1.63M 0.01%
14,600
+200
+1% +$23.2K
NOV icon
730
NOV
NOV
$7.45B
$1.63M 0.01%
86,777
+600
+0.7% +$11.3K
PB icon
731
Prosperity Bancshares
PB
$8.77B
$1.63M 0.01%
24,297
+1,800
+8% +$126K
CBSH icon
732
Commerce Bancshares
CBSH
$8.5B
$1.62M 0.01%
32,952
+2,400
+8% +$125K
TEX icon
733
Terex
TEX
$7.98B
$1.61M 0.01%
27,318
+11,800
+76% +$731K
ULS icon
734
UL Solutions
ULS
$17.2B
$1.59M 0.01%
18,600
+800
+4% +$63.1K
MP icon
735
MP Materials
MP
$7.35B
$1.56M 0.01%
32,400
+600
+2% +$35.9K
BROS icon
736
Dutch Bros
BROS
$8.78B
$1.55M 0.01%
+30,600
New +$1.67M
CHWY icon
737
Chewy
CHWY
$8.54B
$1.55M 0.01%
57,400
+4,200
+8% +$117K
VOYA icon
738
Voya Financial
VOYA
$8.94B
$1.55M 0.01%
22,616
+100
+0.4% +$7.25K
ENS icon
739
EnerSys
ENS
$6.95B
$1.54M 0.01%
8,872
+100
+1% +$16.9K
TKR icon
740
Timken Company
TKR
$9.82B
$1.53M 0.01%
15,223
+200
+1% +$19.9K
JHG
741
DELISTED
Janus Henderson
JHG
$1.52M 0.01%
29,613
+400
+1% +$19.8K
VAL icon
742
Valaris
VAL
$5.51B
$1.52M 0.01%
15,500
+200
+1% +$15.6K
ACI icon
743
Albertsons Companies
ACI
$5.4B
$1.52M 0.01%
89,000
-4,500
-5% -$78.1K
RGEN icon
744
Repligen
RGEN
$7.44B
$1.5M 0.01%
12,753
+200
+2% +$27.9K
PLNT icon
745
Planet Fitness
PLNT
$4.23B
$1.49M 0.01%
20,000
+400
+2% +$35.2K
LEA icon
746
Lear
LEA
$7.19B
$1.48M 0.01%
12,255
– –
FAF icon
747
First American
FAF
$7.67B
$1.48M 0.01%
24,564
+500
+2% +$32K
HXL icon
748
Hexcel
HXL
$8.32B
$1.48M 0.01%
18,297
-500
-3% -$42.1K
THG icon
749
Hanover Insurance
THG
$7.63B
$1.48M 0.01%
8,532
+100
+1% +$17.4K
WH icon
750
Wyndham Hotels & Resorts
WH
$5.46B
$1.47M 0.01%
18,153
+300
+2% +$23.5K
28 29
30
31 32

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.