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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
LSTR icon
776
Landstar System
LSTR
$6.05B
$1.27M 0.01%
8,470
+100
+1% +$16.1K
CRUS icon
777
Cirrus Logic
CRUS
$6.11B
$1.27M 0.01%
12,741
+200
+2% +$20.6K
GNTX icon
778
Gentex
GNTX
$5.02B
$1.27M 0.01%
54,440
+600
+1% +$15.3K
DINO icon
779
HF Sinclair
DINO
$15.2B
$1.26M 0.01%
38,300
-9,000
-19% -$315K
AAON icon
780
Aaon
AAON
$7.31B
$1.26M 0.01%
16,100
+100
+0.6% +$10.3K
NXST icon
781
Nexstar Media Group
NXST
$5.91B
$1.25M 0.01%
7,000
+100
+1% +$16.2K
CMC icon
782
Commercial Metals
CMC
$8.1B
$1.25M 0.01%
27,237
+300
+1% +$14.6K
COLB icon
783
Columbia Banking Systems
COLB
$8.84B
$1.25M 0.01%
50,141
+500
+1% +$13.3K
HOMB icon
784
Home BancShares
HOMB
$6.17B
$1.25M 0.01%
44,230
+400
+0.9% +$11.7K
H icon
785
Hyatt Hotels
H
$16B
$1.25M 0.01%
10,200
+200
+2% +$28.8K
APPF icon
786
AppFolio
APPF
$7.07B
$1.23M 0.01%
5,600
+100
+2% +$22.9K
VFC icon
787
VF Corp
VFC
$5.86B
$1.23M 0.01%
+79,300
New +$1.76M
KNF icon
788
Knife River
KNF
$3.83B
$1.22M 0.01%
13,555
+100
+0.7% +$9.74K
BIO icon
789
Bio-Rad Laboratories Class A
BIO
$9.48B
$1.22M 0.01%
5,000
– –
CGNX icon
790
Cognex
CGNX
$10.8B
$1.21M 0.01%
40,653
– –
GBCI icon
791
Glacier Bancorp
GBCI
$6.35B
$1.2M 0.01%
27,136
+300
+1% +$14.5K
WHR icon
792
Whirlpool
WHR
$2.75B
$1.2M 0.01%
13,300
+200
+2% +$21.2K
DAR icon
793
Darling Ingredients
DAR
$9.99B
$1.19M 0.01%
38,074
+400
+1% +$14K
LOPE icon
794
Grand Canyon Education
LOPE
$3.82B
$1.19M 0.01%
6,859
+100
+1% +$17.4K
UBSI icon
795
United Bankshares
UBSI
$6.58B
$1.19M 0.01%
34,213
+2,300
+7% +$84.3K
CUZ icon
796
Cousins Properties
CUZ
$4.83B
$1.18M 0.01%
40,144
+600
+2% +$18K
AMG icon
797
Affiliated Managers Group
AMG
$9.6B
$1.18M 0.01%
7,019
-100
-1% -$17.4K
NJR icon
798
New Jersey Resources
NJR
$5.45B
$1.18M 0.01%
23,985
+500
+2% +$23.7K
KRG icon
799
Kite Realty
KRG
$5.29B
$1.18M 0.01%
52,595
+600
+1% +$13.7K
DLB icon
800
Dolby
DLB
$5.82B
$1.17M 0.01%
14,600
+500
+4% +$40.8K
30 31
32
33 34

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.