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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
KD icon
901
Kyndryl
KD
$2.68B
$722K ﹤0.01%
55,034
+1,000
+2% +$17.6K
FOUR icon
902
Shift4
FOUR
$3.99B
$713K ﹤0.01%
16,300
+300
+2% +$16.6K
GPK icon
903
Graphic Packaging
GPK
$3.2B
$706K ﹤0.01%
71,000
+1,300
+2% +$16.4K
PII icon
904
Polaris
PII
$4.16B
$702K ﹤0.01%
12,879
+300
+2% +$18.8K
IPGP icon
905
IPG Photonics
IPGP
$4.43B
$699K ﹤0.01%
6,100
+100
+2% +$10.9K
PSN icon
906
Parsons
PSN
$6B
$688K ﹤0.01%
12,700
+100
+0.8% +$6.39K
YETI icon
907
Yeti Holdings
YETI
$3.87B
$686K ﹤0.01%
18,747
+400
+2% +$17.6K
MZTI
908
The Marzetti Company
MZTI
$2.94B
$682K ﹤0.01%
4,932
+100
+2% +$15.9K
SSNC icon
909
SS&C Technologies
SSNC
$16.8B
$667K ﹤0.01%
9,870
– –
PAG icon
910
Penske Automotive Group
PAG
$13.3B
$658K ﹤0.01%
4,400
– –
SMG icon
911
ScottsMiracle-Gro
SMG
$4.13B
$657K ﹤0.01%
10,800
+300
+3% +$19.4K
SYNA icon
912
Synaptics
SYNA
$4.46B
$654K ﹤0.01%
9,333
+100
+1% +$8.12K
NSA icon
913
National Storage Affiliates Trust
NSA
$3.45B
$642K ﹤0.01%
17,001
+300
+2% +$10.1K
HAE icon
914
Haemonetics
HAE
$3.54B
$630K ﹤0.01%
11,174
+100
+0.9% +$6.51K
EEFT icon
915
Euronet Worldwide
EEFT
$3.1B
$625K ﹤0.01%
9,417
+200
+2% +$14.3K
ASH icon
916
Ashland
ASH
$3.14B
$614K ﹤0.01%
11,039
+200
+2% +$11.8K
VC icon
917
Visteon
VC
$2.8B
$602K ﹤0.01%
6,607
+200
+3% +$18.9K
CAR icon
918
Avis
CAR
$5.67B
$594K ﹤0.01%
4,073
+100
+3% +$11.4K
HOG icon
919
Harley-Davidson
HOG
$2.8B
$575K ﹤0.01%
28,461
+500
+2% +$9.8K
HGV icon
920
Hilton Grand Vacations
HGV
$3.92B
$563K ﹤0.01%
14,400
+200
+1% +$8.96K
XRAY icon
921
Dentsply Sirona
XRAY
$2.81B
$557K ﹤0.01%
48,000
+800
+2% +$9.98K
RH icon
922
RH
RH
$3.56B
$519K ﹤0.01%
3,715
+100
+3% +$18.2K
CHH icon
923
Choice Hotels
CHH
$5.09B
$510K ﹤0.01%
4,932
– –
PK icon
924
Park Hotels & Resorts
PK
$3B
$507K ﹤0.01%
48,129
+900
+2% +$9.94K
CPRI icon
925
Capri Holdings
CPRI
$1.88B
$505K ﹤0.01%
28,665
+500
+2% +$10.6K
35 36
37
38 39

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.