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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
MIDD icon
751
Middleby
MIDD
$5.86B
$1.47M 0.01%
11,120
+200
+2% +$30.3K
GATX icon
752
GATX Corp
GATX
$6.32B
$1.47M 0.01%
8,612
+200
+2% +$36K
LAD icon
753
Lithia Motors
LAD
$7.42B
$1.45M 0.01%
5,787
+100
+2% +$29.7K
STWD icon
754
Starwood Property Trust
STWD
$6.15B
$1.44M 0.01%
83,800
+1,500
+2% +$26.9K
FNB icon
755
FNB Corp
FNB
$6.67B
$1.44M 0.01%
85,951
+1,300
+2% +$22.5K
CHDN icon
756
Churchill Downs
CHDN
$5.83B
$1.44M 0.01%
15,980
+300
+2% +$28.5K
MSA icon
757
Mine Safety
MSA
$6.61B
$1.44M 0.01%
8,755
+100
+1% +$18.3K
POR icon
758
Portland General Electric
POR
$6.08B
$1.43M 0.01%
27,100
+500
+2% +$25.7K
GXO icon
759
GXO Logistics
GXO
$6.07B
$1.43M 0.01%
27,527
+500
+2% +$28.6K
EXP icon
760
Eagle Materials
EXP
$6.23B
$1.43M 0.01%
7,529
– –
HR icon
761
Healthcare Realty
HR
$7.36B
$1.43M 0.01%
83,953
+900
+1% +$15.8K
AXTA icon
762
Axalta
AXTA
$6.87B
$1.42M 0.01%
51,400
+1,000
+2% +$31.7K
H icon
763
Hyatt Hotels
H
$17.8B
$1.42M 0.01%
9,900
– –
G icon
764
Genpact
G
$5.19B
$1.42M 0.01%
38,084
+200
+0.5% +$8.24K
VLY icon
765
Valley National Bancorp
VLY
$8.13B
$1.41M 0.01%
115,181
+1,900
+2% +$23.7K
RYN icon
766
Rayonier
RYN
$6.39B
$1.41M 0.01%
68,572
+31,807
+87% +$701K
AVAV icon
767
AeroVironment
AVAV
$7.22B
$1.41M 0.01%
7,700
+200
+3% +$52.7K
ABCL icon
768
AbCellera Biologics
ABCL
$1.77B
$1.4M 0.01%
400,000
– –
UBSI icon
769
United Bankshares
UBSI
$6.5B
$1.39M 0.01%
33,613
+500
+2% +$20.8K
MTG icon
770
MGIC Investment
MTG
$6.2B
$1.39M 0.01%
52,817
-100
-0.2% -$2.67K
GBCI icon
771
Glacier Bancorp
GBCI
$6.81B
$1.38M 0.01%
30,936
+500
+2% +$23.7K
TXNM
772
TXNM Energy Inc
TXNM
$6.4B
$1.38M 0.01%
23,589
+400
+2% +$23.6K
TMHC icon
773
Taylor Morrison
TMHC
$6.66B
$1.37M 0.01%
23,495
+400
+2% +$25K
CELH icon
774
Celsius Holdings
CELH
$7.52B
$1.37M 0.01%
38,500
+700
+2% +$33.2K
OKLO
775
Oklo
OKLO
$7.22B
$1.36M 0.01%
27,500
– –
29 30
31
32 33

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.