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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

Rank Stock Value
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

Rank Stock Value
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

Rank Sector Weight
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
CXT icon
926
Crane NXT
CXT
$2.95B
$482K ﹤0.01%
11,872
+200
+2% +$9.7K
GT icon
927
Goodyear
GT
$2.1B
$457K ﹤0.01%
68,926
+1,300
+2% +$11K
BRBR icon
928
BellRing Brands
BRBR
$1.41B
$454K ﹤0.01%
28,245
-1,500
-5% -$30.4K
SAM icon
929
Boston Beer
SAM
$1.86B
$434K ﹤0.01%
1,883
+100
+6% +$22.5K
FLO icon
930
Flowers Foods
FLO
$1.8B
$414K ﹤0.01%
50,842
+900
+2% +$9.03K
GEF icon
931
Greif
GEF
$4.34B
$398K ﹤0.01%
5,939
-200
-3% -$14.2K
PPC icon
932
Pilgrim's Pride
PPC
$6.93B
$388K ﹤0.01%
10,271
+200
+2% +$8.07K
FCNCA icon
933
First Citizens BancShares
FCNCA
$24.6B
$377K ﹤0.01%
200
– –
BLKB icon
934
Blackbaud
BLKB
$1.49B
$334K ﹤0.01%
8,648
– –
COLM icon
935
Columbia Sportswear
COLM
$3.25B
$333K ﹤0.01%
6,074
+100
+2% +$5.75K
PHIN icon
936
Phinia Inc
PHIN
$2.97B
$289K ﹤0.01%
4,218
– –
CNXC icon
937
Concentrix
CNXC
$1.49B
$287K ﹤0.01%
10,491
– –
MRP
938
Millrose Properties Inc
MRP
$4.89B
$278K ﹤0.01%
9,938
– –
VSNT
939
Versant Media Group
VSNT
$5.08B
$267K ﹤0.01%
+7,200
New +$243K
VEEV icon
940
Veeva Systems
VEEV
$31.7B
$246K ﹤0.01%
1,400
– –
COTY icon
941
Coty
COTY
$2.3B
$179K ﹤0.01%
88,898
+2,100
+2% +$5.64K
EFOR
942
Everforth Inc
EFOR
$768M
– –
-10,121
Closed -$488K
CADE
943
DELISTED
Cadence Bank
CADE
– –
-44,010
Closed -$1.89M
CIVI
944
DELISTED
Civitas Resources
CIVI
– –
-18,100
Closed -$490K
CMA
945
DELISTED
Comerica
CMA
– –
-30,200
Closed -$2.63M
FYBR
946
DELISTED
Frontier Communications
FYBR
– –
-59,200
Closed -$2.25M
KMPR icon
947
Kemper
KMPR
$1.65B
– –
-13,796
Closed -$559K
LW icon
948
Lamb Weston
LW
$6.46B
– –
-36,532
Closed -$1.53M
MTCH icon
949
Match Group
MTCH
$9.13B
– –
-61,853
Closed -$2M
PAYC icon
950
Paycom
PAYC
$6.9B
– –
-13,773
Closed -$2.19M
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.