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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
NXST icon
801
Nexstar Media Group
NXST
$5.61B
$1.25M 0.01%
6,900
+200
+3% +$44.8K
OGS icon
802
ONE Gas
OGS
$5B
$1.24M 0.01%
14,404
+200
+1% +$16.6K
ST icon
803
Sensata Technologies
ST
$6.55B
$1.24M 0.01%
35,100
+700
+2% +$24.8K
AMKR icon
804
Amkor Technology
AMKR
$15.6B
$1.23M 0.01%
27,349
+500
+2% +$24K
BIO icon
805
Bio-Rad Laboratories Class A
BIO
$8.15B
$1.23M 0.01%
4,400
+100
+2% +$28.8K
AN icon
806
AutoNation
AN
$6.88B
$1.22M 0.01%
6,248
-200
-3% -$40.4K
AVT icon
807
Avnet
AVT
$7.03B
$1.21M 0.01%
19,705
+500
+3% +$29.7K
LNTH icon
808
Lantheus
LNTH
$7B
$1.21M 0.01%
16,000
+300
+2% +$21.5K
VNT icon
809
Vontier
VNT
$4.27B
$1.21M 0.01%
34,115
-200
-0.6% -$7.7K
HOMB icon
810
Home BancShares
HOMB
$6.18B
$1.19M 0.01%
44,030
+800
+2% +$22.5K
BF.B icon
811
Brown-Forman Class B
BF.B
$11.7B
$1.18M 0.01%
44,681
-2,500
-5% -$67.1K
SARO
812
StandardAero Inc
SARO
$8.89B
$1.18M 0.01%
+45,600
New +$1.36M
NEU icon
813
NewMarket
NEU
$7.08B
$1.18M 0.01%
1,837
– –
SBRA icon
814
Sabra Healthcare REIT
SBRA
$5.07B
$1.17M 0.01%
60,649
+1,700
+3% +$33.5K
CLF icon
815
Cleveland-Cliffs
CLF
$5.29B
$1.16M 0.01%
137,227
+2,600
+2% +$29.8K
M icon
816
Macy's
M
$6.23B
$1.16M 0.01%
63,970
+500
+0.8% +$10.1K
EXLS icon
817
EXL Service
EXLS
$4.3B
$1.15M 0.01%
37,800
+300
+0.8% +$10.3K
GNTX icon
818
Gentex
GNTX
$5.19B
$1.15M 0.01%
52,640
+900
+2% +$20.9K
OZK icon
819
Bank OZK
OZK
$5.68B
$1.15M 0.01%
25,012
– –
CPB icon
820
Campbell Soup
CPB
$6.58B
$1.14M 0.01%
51,401
– –
BYD icon
821
Boyd Gaming
BYD
$6.52B
$1.14M 0.01%
13,924
+300
+2% +$25.2K
PATH icon
822
UiPath
PATH
$6.3B
$1.14M 0.01%
+103,000
New +$1.31M
BC icon
823
Brunswick
BC
$5.23B
$1.14M 0.01%
15,670
+300
+2% +$24.2K
LOPE icon
824
Grand Canyon Education
LOPE
$3.72B
$1.13M 0.01%
6,659
+100
+2% +$16.8K
PCTY icon
825
Paylocity
PCTY
$6.75B
$1.13M 0.01%
10,472
+100
+1% +$12.3K
31 32
33
34 35

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.