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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
ASH icon
901
Ashland
ASH
$3.45B
$672K ﹤0.01%
11,339
-200
-2% -$12.7K
EFOR
902
Everforth Inc
EFOR
$1.33B
$669K ﹤0.01%
10,621
+200
+2% +$15.4K
ACHC icon
903
Acadia Healthcare
ACHC
$2.96B
$668K ﹤0.01%
22,030
– –
YETI icon
904
Yeti Holdings
YETI
$3.99B
$664K ﹤0.01%
20,047
– –
PSN icon
905
Parsons
PSN
$4.93B
$663K ﹤0.01%
11,200
+100
+0.9% +$7.24K
NSA
906
DELISTED
National Storage Affiliates Trust
NSA
$662K ﹤0.01%
16,801
+200
+1% +$7.53K
GTM
907
ZoomInfo Technologies
GTM
$1.23B
$649K ﹤0.01%
64,900
+700
+1% +$7.34K
PAG icon
908
Penske Automotive Group
PAG
$14.2B
$648K ﹤0.01%
4,500
+100
+2% +$16K
MAN icon
909
ManpowerGroup
MAN
$2.63B
$646K ﹤0.01%
11,163
– –
GT icon
910
Goodyear
GT
$1.74B
$623K ﹤0.01%
67,426
– –
CNXC icon
911
Concentrix
CNXC
$1.56B
$617K ﹤0.01%
11,091
– –
VAL icon
912
Valaris
VAL
$5.94B
$609K ﹤0.01%
15,500
– –
CXT icon
913
Crane NXT
CXT
$2.96B
$605K ﹤0.01%
11,772
+100
+0.9% +$5.86K
RPRX icon
914
Royalty Pharma
RPRX
$25.8B
$604K ﹤0.01%
19,400
– –
WEN icon
915
Wendy's
WEN
$1.39B
$600K ﹤0.01%
40,985
+400
+1% +$6.02K
SSNC icon
916
SS&C Technologies
SSNC
$18.7B
$599K ﹤0.01%
7,170
– –
TEX icon
917
Terex
TEX
$7.58B
$598K ﹤0.01%
15,818
– –
SYNA icon
918
Synaptics
SYNA
$4.09B
$595K ﹤0.01%
9,333
-200
-2% -$14.5K
COLM icon
919
Columbia Sportswear
COLM
$2.92B
$581K ﹤0.01%
7,674
+100
+1% +$8.34K
JWN
920
DELISTED
Nordstrom
JWN
$570K ﹤0.01%
23,308
+400
+2% +$9.71K
BLKB icon
921
Blackbaud
BLKB
$2.09B
$568K ﹤0.01%
9,148
-100
-1% -$7.11K
SMG icon
922
ScottsMiracle-Gro
SMG
$3.63B
$565K ﹤0.01%
10,300
+200
+2% +$12.9K
HGV icon
923
Hilton Grand Vacations
HGV
$3.31B
$557K ﹤0.01%
14,900
+200
+1% +$7.97K
CPRI icon
924
Capri Holdings
CPRI
$1.75B
$552K ﹤0.01%
27,965
– –
PPC icon
925
Pilgrim's Pride
PPC
$6.31B
$527K ﹤0.01%
9,671
+100
+1% +$5K
35 36
37
38 39

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.