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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
-2.31%
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
$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
FBIN icon
826
Fortune Brands Innovations
FBIN
$5.73B
$1.13M 0.01%
28,942
+600
+2% +$31.2K
KBR icon
827
KBR
KBR
$4.83B
$1.12M 0.01%
30,511
+500
+2% +$20.5K
KNF icon
828
Knife River
KNF
$3.83B
$1.11M 0.01%
13,655
+300
+2% +$24.2K
LPX icon
829
Louisiana-Pacific
LPX
$5.2B
$1.11M 0.01%
15,258
+300
+2% +$25.3K
MTN icon
830
Vail Resorts
MTN
$5.21B
$1.1M 0.01%
8,600
+100
+1% +$13.6K
SIGI icon
831
Selective Insurance
SIGI
$5.66B
$1.09M 0.01%
14,481
+200
+1% +$16.4K
BDC icon
832
Belden
BDC
$5.28B
$1.09M 0.01%
9,498
+200
+2% +$25.2K
MAT icon
833
Mattel
MAT
$4.21B
$1.09M 0.01%
74,833
+1,400
+2% +$25.5K
TNL icon
834
Travel + Leisure Co
TNL
$4.5B
$1.07M 0.01%
15,507
+300
+2% +$21.6K
WING icon
835
Wingstop
WING
$3.2B
$1.03M 0.01%
6,672
+100
+2% +$24K
BCO icon
836
Brink's
BCO
$4.55B
$1.03M 0.01%
9,977
+200
+2% +$24K
VVV icon
837
Valvoline
VVV
$4.3B
$1.03M 0.01%
30,615
+600
+2% +$20.7K
SAIC icon
838
Saic
SAIC
$5.3B
$1.03M 0.01%
10,855
– –
OPCH icon
839
Option Care Health
OPCH
$3.67B
$1.03M 0.01%
38,159
+600
+2% +$19.5K
SLM icon
840
SLM Corp
SLM
$5.14B
$1.03M 0.01%
47,899
-100
-0.2% -$2.36K
ASB icon
841
Associated Banc-Corp
ASB
$5.92B
$1.02M 0.01%
39,378
+700
+2% +$18.6K
THO icon
842
Thor Industries
THO
$4.14B
$1.02M 0.01%
12,718
+300
+2% +$30.6K
NOVT icon
843
Novanta
NOVT
$6.2B
$1.02M 0.01%
8,600
+100
+1% +$13.1K
ALK icon
844
Alaska Air
ALK
$5.27B
$1.02M 0.01%
27,600
+200
+0.7% +$9.64K
MSM icon
845
MSC Industrial Direct
MSM
$6.87B
$1.01M 0.01%
10,965
+200
+2% +$17.9K
TCBI icon
846
Texas Capital Bancshares
TCBI
$4.32B
$1.01M 0.01%
10,652
-100
-0.9% -$9.75K
FHI icon
847
Federated Hermes
FHI
$4.71B
$1.01M 0.01%
17,776
+300
+2% +$16.4K
CROX icon
848
Crocs
CROX
$6.63B
$1.01M 0.01%
12,138
-100
-0.8% -$8.56K
ANF icon
849
Abercrombie & Fitch
ANF
$5.27B
$1.01M 0.01%
11,000
-100
-0.9% -$9.72K
POST icon
850
Post Holdings
POST
$3.45B
$1M 0.01%
10,147
-1,100
-10% -$112K
32 33
34
35 36

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 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.