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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
IRT icon
801
Independence Realty Trust
IRT
$3.94B
$1.17M 0.01%
55,200
+2,000
+4% +$40.3K
LFUS icon
802
Littelfuse
LFUS
$11.6B
$1.17M 0.01%
5,953
+100
+2% +$22.9K
VNT icon
803
Vontier
VNT
$4.63B
$1.17M 0.01%
35,615
– –
POR icon
804
Portland General Electric
POR
$5.66B
$1.17M 0.01%
26,200
+1,200
+5% +$51.5K
FNB icon
805
FNB Corp
FNB
$6.75B
$1.16M 0.01%
86,051
+900
+1% +$13.2K
TXNM
806
TXNM Energy Inc
TXNM
$5.91B
$1.15M 0.01%
21,589
+200
+0.9% +$10K
LEA icon
807
Lear
LEA
$8.05B
$1.13M 0.01%
12,855
– –
CYTK icon
808
Cytokinetics
CYTK
$10.5B
$1.13M 0.01%
28,200
+300
+1% +$13.8K
FCFS icon
809
FirstCash
FCFS
$9.05B
$1.12M 0.01%
9,315
+100
+1% +$11.3K
CNX icon
810
CNX Resources
CNX
$5.32B
$1.12M 0.01%
35,602
+300
+0.8% +$9.04K
GXO icon
811
GXO Logistics
GXO
$5.4B
$1.12M 0.01%
28,627
+300
+1% +$12.5K
SON icon
812
Sonoco
SON
$5.72B
$1.11M 0.01%
23,551
+300
+1% +$14.2K
BRKR icon
813
Bruker
BRKR
$8.58B
$1.11M 0.01%
26,493
+300
+1% +$15.6K
QLYS icon
814
Qualys
QLYS
$6.43B
$1.11M 0.01%
8,776
+100
+1% +$13.5K
FFIN icon
815
First Financial Bankshares
FFIN
$4.93B
$1.11M 0.01%
30,763
+300
+1% +$11K
NOVT icon
816
Novanta
NOVT
$6.2B
$1.1M 0.01%
8,600
+100
+1% +$14.4K
JHG
817
DELISTED
Janus Henderson
JHG
$1.1M 0.01%
30,413
+300
+1% +$12.4K
GAP
818
The Gap Inc
GAP
$7.74B
$1.1M 0.01%
53,230
+700
+1% +$15.7K
OZK icon
819
Bank OZK
OZK
$5.63B
$1.1M 0.01%
25,212
+200
+0.8% +$9.46K
TKR icon
820
Timken Company
TKR
$8.77B
$1.09M 0.01%
15,223
+100
+0.7% +$7.72K
SR icon
821
Spire
SR
$4.79B
$1.09M 0.01%
13,936
+300
+2% +$21.9K
WMG icon
822
Warner Music
WMG
$13.8B
$1.09M 0.01%
34,700
+1,200
+4% +$39K
HWC icon
823
Hancock Whitney
HWC
$6.23B
$1.08M 0.01%
20,640
+300
+1% +$16.9K
CBT icon
824
Cabot Corp
CBT
$4.46B
$1.08M 0.01%
12,965
– –
SFIX
825
Stitch Fix
SFIX
$530M
$1.06M 0.01%
326,983
– –
31 32
33
34 35

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.