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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
MTDR icon
751
Matador Resources
MTDR
$6.46B
$1.42M 0.01%
27,800
+300
+1% +$16.6K
VNOM icon
752
Viper Energy
VNOM
$15.3B
$1.42M 0.01%
31,400
+7,000
+29% +$330K
FCN icon
753
FTI Consulting
FCN
$4.17B
$1.4M 0.01%
8,504
+100
+1% +$18K
KEX icon
754
Kirby Corp
KEX
$7B
$1.39M 0.01%
13,759
+200
+1% +$20.9K
NOV icon
755
NOV
NOV
$7.38B
$1.39M 0.01%
91,177
-1,000
-1% -$15K
DBX icon
756
Dropbox
DBX
$7.52B
$1.38M 0.01%
51,800
-900
-2% -$26.2K
LPX icon
757
Louisiana-Pacific
LPX
$5.2B
$1.38M 0.01%
14,958
+200
+1% +$20.9K
AGCO icon
758
AGCO
AGCO
$7.06B
$1.38M 0.01%
14,858
+200
+1% +$19.5K
MSA icon
759
Mine Safety
MSA
$7.45B
$1.37M 0.01%
9,355
– –
VMI icon
760
Valmont Industries
VMI
$9.5B
$1.37M 0.01%
4,788
– –
CHX
761
DELISTED
ChampionX
CHX
$1.36M 0.01%
45,695
+600
+1% +$17.5K
WTS icon
762
Watts Water Technologies
WTS
$12.8B
$1.34M 0.01%
6,595
+100
+2% +$21K
CELH icon
763
Celsius Holdings
CELH
$6.89B
$1.34M 0.01%
37,700
+400
+1% +$10.9K
FOUR icon
764
Shift4
FOUR
$3.41B
$1.34M 0.01%
16,400
+100
+0.6% +$10.3K
SIGI icon
765
Selective Insurance
SIGI
$5.66B
$1.33M 0.01%
14,581
+200
+1% +$17.5K
CADE
766
DELISTED
Cadence Bank
CADE
$1.33M 0.01%
43,910
+600
+1% +$19.9K
GATX icon
767
GATX Corp
GATX
$6.23B
$1.32M 0.01%
8,512
+100
+1% +$15.9K
RKLB icon
768
Rocket Lab Corp
RKLB
$50B
$1.32M 0.01%
+73,854
New +$1.77M
RMBS icon
769
Rambus
RMBS
$10.4B
$1.32M 0.01%
25,500
+300
+1% +$17.6K
WEX icon
770
WEX
WEX
$6.35B
$1.32M 0.01%
8,375
-1,000
-11% -$165K
SAIC icon
771
Saic
SAIC
$5.3B
$1.31M 0.01%
11,655
-100
-0.9% -$10.8K
ARW icon
772
Arrow Electronics
ARW
$10.3B
$1.3M 0.01%
12,475
– –
MKSI icon
773
MKS Inc
MKSI
$19.8B
$1.29M 0.01%
16,140
+200
+1% +$20.2K
CHWY icon
774
Chewy
CHWY
$9.25B
$1.29M 0.01%
39,600
+600
+2% +$21.5K
POST icon
775
Post Holdings
POST
$3.45B
$1.27M 0.01%
10,947
-300
-3% -$33.3K
29 30
31
32 33

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.