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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
OLLI icon
776
Ollie's Bargain Outlet
OLLI
$4.08B
$1.36M 0.01%
14,803
+300
+2% +$32.4K
AAON icon
777
Aaon
AAON
$8.51B
$1.35M 0.01%
16,300
+300
+2% +$27.3K
DVA icon
778
DaVita
DVA
$15B
$1.34M 0.01%
8,749
-500
-5% -$67.8K
VFC icon
779
VF Corp
VFC
$6.62B
$1.34M 0.01%
79,100
+1,500
+2% +$28.3K
SWX icon
780
Southwest Gas
SWX
$6.64B
$1.34M 0.01%
15,429
+200
+1% +$17.1K
ESNT icon
781
Essent Group
ESNT
$6.1B
$1.34M 0.01%
22,933
+100
+0.4% +$6.1K
NJR icon
782
New Jersey Resources
NJR
$5.91B
$1.33M 0.01%
24,285
+500
+2% +$25.8K
MUR icon
783
Murphy Oil
MUR
$5.28B
$1.33M 0.01%
32,247
+500
+2% +$16.9K
ESAB icon
784
ESAB
ESAB
$5.16B
$1.32M 0.01%
13,702
+200
+1% +$23.2K
CNX icon
785
CNX Resources
CNX
$4.62B
$1.32M 0.01%
34,302
+2,400
+8% +$93.7K
GAP
786
The Gap Inc
GAP
$7.16B
$1.32M 0.01%
54,630
+1,100
+2% +$29.1K
FND icon
787
Floor & Decor
FND
$5.82B
$1.32M 0.01%
25,900
+400
+2% +$26K
LSTR icon
788
Landstar System
LSTR
$7.16B
$1.31M 0.01%
8,170
+100
+1% +$15.3K
FCN icon
789
FTI Consulting
FCN
$4.84B
$1.29M 0.01%
7,304
+200
+3% +$34.1K
UFPI icon
790
UFP Industries
UFPI
$4.82B
$1.29M 0.01%
14,000
+200
+1% +$20.2K
SR icon
791
Spire
SR
$4.8B
$1.29M 0.01%
14,236
+300
+2% +$26.3K
CHE icon
792
Chemed
CHE
$6.82B
$1.29M 0.01%
3,409
+100
+3% +$42.8K
AVTR icon
793
Avantor
AVTR
$7.28B
$1.29M 0.01%
164,100
+3,000
+2% +$29.5K
SON icon
794
Sonoco
SON
$5.4B
$1.28M 0.01%
23,751
+400
+2% +$20.6K
KRG icon
795
Kite Realty
KRG
$6.03B
$1.28M 0.01%
52,095
+900
+2% +$22.2K
WEX icon
796
WEX
WEX
$5.67B
$1.27M 0.01%
8,275
+200
+2% +$31.3K
BKH icon
797
Black Hills Corp
BKH
$5.67B
$1.26M 0.01%
18,200
+400
+2% +$28.8K
RLI icon
798
RLI Corp
RLI
$5.67B
$1.26M 0.01%
22,132
+400
+2% +$24K
HWC icon
799
Hancock Whitney
HWC
$6.27B
$1.26M 0.01%
19,840
+100
+0.5% +$6.7K
BSY icon
800
Bentley Systems
BSY
$9.83B
$1.26M 0.01%
35,800
+600
+2% +$22K
30 31
32
33 34

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.