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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
CLF icon
851
Cleveland-Cliffs
CLF
$7.13B
$952K 0.01%
115,827
+1,200
+1% +$12.2K
EPR icon
852
EPR Properties
EPR
$4.63B
$952K 0.01%
18,089
+200
+1% +$9.81K
RYN icon
853
Rayonier
RYN
$6.52B
$937K 0.01%
35,256
+1,911
+6% +$48.4K
MUR icon
854
Murphy Oil
MUR
$5.09B
$933K 0.01%
32,847
+400
+1% +$11.3K
WFRD icon
855
Weatherford International
WFRD
$6.66B
$932K 0.01%
17,400
+200
+1% +$12.7K
ANF icon
856
Abercrombie & Fitch
ANF
$5.27B
$924K 0.01%
12,100
– –
MMS icon
857
Maximus
MMS
$2.9B
$922K 0.01%
13,518
-700
-5% -$49.9K
NWS icon
858
News Corp Class B
NWS
$17.6B
$922K 0.01%
30,345
– –
PRGO icon
859
Perrigo
PRGO
$1.75B
$916K 0.01%
32,658
+400
+1% +$10.4K
ALE
860
DELISTED
Allete
ALE
$910K 0.01%
13,846
+200
+1% +$13.1K
BCO icon
861
Brink's
BCO
$4.55B
$903K 0.01%
10,477
+100
+1% +$9.07K
WLK icon
862
Westlake Corp
WLK
$10.1B
$900K 0.01%
9,000
+100
+1% +$11.1K
FLO icon
863
Flowers Foods
FLO
$1.51B
$890K 0.01%
46,842
+500
+1% +$9.56K
ASB icon
864
Associated Banc-Corp
ASB
$5.92B
$885K 0.01%
39,278
+1,200
+3% +$28.8K
SLAB icon
865
Silicon Laboratories
SLAB
$7.2B
$878K 0.01%
7,797
+100
+1% +$13.5K
ST icon
866
Sensata Technologies
ST
$6.66B
$869K 0.01%
35,800
+400
+1% +$11.1K
ENS icon
867
EnerSys
ENS
$6.79B
$867K 0.01%
9,472
– –
PVH icon
868
PVH
PVH
$4.02B
$860K 0.01%
13,300
+100
+0.8% +$8.08K
WU icon
869
Western Union
WU
$2.19B
$856K ﹤0.01%
80,866
+900
+1% +$9.54K
NWE icon
870
NorthWestern Energy
NWE
$4.38B
$852K ﹤0.01%
14,728
+200
+1% +$10.9K
TWLO icon
871
Twilio
TWLO
$38B
$852K ﹤0.01%
8,700
– –
BC icon
872
Brunswick
BC
$5.21B
$849K ﹤0.01%
15,770
+100
+0.6% +$6.27K
ELF icon
873
e.l.f. Beauty
ELF
$5.62B
$848K ﹤0.01%
13,500
+200
+2% +$17.4K
RH icon
874
RH
RH
$3.47B
$847K ﹤0.01%
3,615
+100
+3% +$34.6K
FLG
875
Flagstar Bank National Association
FLG
$5.84B
$842K ﹤0.01%
72,495
+700
+1% +$7.87K
33 34
35
36 37

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.