We are live on ! Find out more
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
M icon
876
Macy's
M
$6.55B
$835K ﹤0.01%
66,470
+800
+1% +$11.6K
KRC icon
877
Kilroy Realty
KRC
$4.32B
$834K ﹤0.01%
25,465
+300
+1% +$10.7K
MSM icon
878
MSC Industrial Direct
MSM
$6.87B
$828K ﹤0.01%
10,665
+100
+0.9% +$8.01K
TCBI icon
879
Texas Capital Bancshares
TCBI
$4.32B
$826K ﹤0.01%
11,052
+100
+0.9% +$7.77K
BHF icon
880
Brighthouse Financial
BHF
$3.46B
$816K ﹤0.01%
14,068
– –
AVNT icon
881
Avient
AVNT
$4.19B
$811K ﹤0.01%
21,824
+200
+0.9% +$8.27K
MZTI
882
The Marzetti Company
MZTI
$3.13B
$811K ﹤0.01%
4,632
+100
+2% +$18K
IBOC icon
883
International Bancshares
IBOC
$4.53B
$808K ﹤0.01%
12,812
+100
+0.8% +$6.46K
GHC icon
884
Graham Holdings Company
GHC
$4.99B
$792K ﹤0.01%
824
– –
ALGM icon
885
Allegro MicroSystems
ALGM
$7.91B
$787K ﹤0.01%
31,300
+400
+1% +$9.98K
PCH
886
DELISTED
PotlatchDeltic
PCH
$773K ﹤0.01%
17,131
+200
+1% +$8.78K
FHI icon
887
Federated Hermes
FHI
$4.71B
$761K ﹤0.01%
18,676
+200
+1% +$7.8K
HAE icon
888
Haemonetics
HAE
$3.94B
$761K ﹤0.01%
11,974
+100
+0.8% +$6.8K
TNL icon
889
Travel + Leisure Co
TNL
$4.5B
$759K ﹤0.01%
16,407
+200
+1% +$10.5K
NSP icon
890
Insperity
NSP
$1.96B
$754K ﹤0.01%
8,450
– –
CIVI
891
DELISTED
Civitas Resources
CIVI
$743K ﹤0.01%
21,300
+300
+1% +$13.3K
ECHO
892
EchoStar
ECHO
$25.9B
$739K ﹤0.01%
+28,900
New +$786K
CDP icon
893
COPT Defense Properties
CDP
$4.14B
$734K ﹤0.01%
26,913
+300
+1% +$8.46K
AMED
894
DELISTED
Amedisys
AMED
$729K ﹤0.01%
7,875
+100
+1% +$9.22K
IRDM icon
895
Iridium Communications
IRDM
$5.23B
$712K ﹤0.01%
26,059
-900
-3% -$26.4K
XRAY icon
896
Dentsply Sirona
XRAY
$2.34B
$711K ﹤0.01%
47,600
+500
+1% +$8.86K
NVST icon
897
Envista
NVST
$4.53B
$710K ﹤0.01%
41,163
+400
+1% +$7.78K
CHH icon
898
Choice Hotels
CHH
$4.62B
$708K ﹤0.01%
5,332
– –
HOG icon
899
Harley-Davidson
HOG
$2.72B
$693K ﹤0.01%
27,461
+300
+1% +$8.03K
POWI icon
900
Power Integrations
POWI
$3.46B
$688K ﹤0.01%
13,618
+200
+1% +$12K
34 35
36
37 38

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.