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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

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

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

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
VICR icon
876
Vicor
VICR
$10.8B
$886K ﹤0.01%
+5,500
New +$909K
DLB icon
877
Dolby
DLB
$4.64B
$883K ﹤0.01%
14,700
+200
+1% +$12.7K
IBOC icon
878
International Bancshares
IBOC
$4.76B
$876K ﹤0.01%
13,012
+200
+2% +$13.9K
GHC icon
879
Graham Holdings Company
GHC
$5.07B
$871K ﹤0.01%
824
– –
ELF icon
880
e.l.f. Beauty
ELF
$4.34B
$861K ﹤0.01%
14,200
+100
+0.7% +$8.13K
IRT icon
881
Independence Realty Trust
IRT
$3.92B
$849K ﹤0.01%
57,000
+600
+1% +$9.86K
MMS icon
882
Maximus
MMS
$3.06B
$841K ﹤0.01%
13,118
-200
-2% -$16.2K
LIVN icon
883
LivaNova
LIVN
$4.43B
$833K ﹤0.01%
13,111
+200
+2% +$12.9K
CDP icon
884
COPT Defense Properties
CDP
$4.26B
$833K ﹤0.01%
27,213
+500
+2% +$15.6K
CVLT icon
885
Commault Systems
CVLT
$6.12B
$827K ﹤0.01%
10,612
+200
+2% +$19K
WHR icon
886
Whirlpool
WHR
$2.48B
$825K ﹤0.01%
15,300
+2,000
+15% +$147K
BHF icon
887
Brighthouse Financial
BHF
$3.77B
$824K ﹤0.01%
13,768
+300
+2% +$18.7K
SLGN icon
888
Silgan Holdings
SLGN
$4.99B
$819K ﹤0.01%
21,100
+400
+2% +$17.5K
BILL icon
889
BILL Holdings
BILL
$4.45B
$812K ﹤0.01%
21,200
+100
+0.5% +$4.47K
SHC icon
890
Sotera Health
SHC
$5.06B
$804K ﹤0.01%
56,100
+7,100
+14% +$118K
AVNT icon
891
Avient
AVNT
$3.39B
$799K ﹤0.01%
22,024
+400
+2% +$14.8K
KBH icon
892
KB Home
KBH
$3.44B
$789K ﹤0.01%
15,238
-100
-0.7% -$5.88K
EXPO icon
893
Exponent
EXPO
$3.05B
$783K ﹤0.01%
12,000
+200
+2% +$14.2K
PVH icon
894
PVH
PVH
$3.6B
$767K ﹤0.01%
11,000
-400
-4% -$26.3K
QLYS icon
895
Qualys
QLYS
$5.61B
$762K ﹤0.01%
8,676
+200
+2% +$22.2K
RPRX icon
896
Royalty Pharma
RPRX
$25.8B
$753K ﹤0.01%
15,700
– –
DOCS icon
897
Doximity
DOCS
$3.87B
$750K ﹤0.01%
32,200
-300
-0.9% -$9.35K
KRC icon
898
Kilroy Realty
KRC
$4.68B
$741K ﹤0.01%
26,265
+500
+2% +$16.4K
PSKY
899
Paramount Skydance Corp
PSKY
$9.79B
$733K ﹤0.01%
81,212
-200
-0.2% -$2.19K
MSTR icon
900
Strategy Inc
MSTR
$34.4B
$724K ﹤0.01%
5,800
– –
34 35
36
37 38

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.