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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
ALV icon
726
Autoliv
ALV
$8.92B
$1.51M 0.01%
17,100
-100
-0.6% -$9.52K
THG icon
727
Hanover Insurance
THG
$7.86B
$1.5M 0.01%
8,632
+100
+1% +$16.2K
TMHC
728
DELISTED
Taylor Morrison
TMHC
$1.49M 0.01%
24,795
+300
+1% +$18.7K
TREX icon
729
Trex
TREX
$4.91B
$1.49M 0.01%
25,622
+200
+0.8% +$13K
SLM icon
730
SLM Corp
SLM
$5.14B
$1.48M 0.01%
50,399
+100
+0.2% +$2.92K
OLED icon
731
Universal Display
OLED
$4.16B
$1.48M 0.01%
10,605
+200
+2% +$29.9K
IDA icon
732
Idacorp
IDA
$8.08B
$1.48M 0.01%
12,720
+100
+0.8% +$11.2K
MTG icon
733
MGIC Investment
MTG
$6.21B
$1.47M 0.01%
59,417
-600
-1% -$14.5K
FLR icon
734
Fluor
FLR
$7.3B
$1.47M 0.01%
41,097
+500
+1% +$21.6K
VNO icon
735
Vornado Realty Trust
VNO
$7.26B
$1.47M 0.01%
39,700
+400
+1% +$16.1K
OSK icon
736
Oshkosh
OSK
$9.59B
$1.47M 0.01%
15,608
+200
+1% +$20K
SRPT icon
737
Sarepta Therapeutics
SRPT
$1.81B
$1.46M 0.01%
22,900
+300
+1% +$31.6K
GTLS
738
DELISTED
Chart Industries
GTLS
$1.46M 0.01%
10,100
+100
+1% +$18.4K
ALK icon
739
Alaska Air
ALK
$5.27B
$1.45M 0.01%
+29,500
New +$1.94M
ESNT icon
740
Essent Group
ESNT
$6.23B
$1.45M 0.01%
25,133
– –
NXT icon
741
Nextpower Inc
NXT
$15.6B
$1.45M 0.01%
34,400
+400
+1% +$17.8K
AM icon
742
Antero Midstream
AM
$10.4B
$1.44M 0.01%
80,225
+400
+0.5% +$6.62K
R icon
743
Ryder
R
$9.98B
$1.44M 0.01%
10,030
– –
MTN icon
744
Vail Resorts
MTN
$5.21B
$1.44M 0.01%
9,000
+100
+1% +$16.6K
CZR icon
745
Caesars Entertainment
CZR
$6.13B
$1.44M 0.01%
57,597
-100
-0.2% -$3.25K
HR icon
746
Healthcare Realty
HR
$6.73B
$1.43M 0.01%
84,853
+900
+1% +$15K
ONTO icon
747
Onto Innovation
ONTO
$14.5B
$1.43M 0.01%
11,800
+100
+0.9% +$16.8K
CROX icon
748
Crocs
CROX
$6.63B
$1.43M 0.01%
13,438
-400
-3% -$41.5K
MTSI icon
749
MACOM Technology Solutions
MTSI
$22.7B
$1.43M 0.01%
14,200
+500
+4% +$60.9K
OPCH icon
750
Option Care Health
OPCH
$3.67B
$1.42M 0.01%
40,759
+500
+1% +$15.7K
28 29
30
31 32

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.