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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
(-9.9%)
Cap. Flow
-$1.06B
Cap. Flow
% of AUM
-6.11%
Top 10 Holdings %
Top 10 Hldgs %
32.47%
Holding
963
New
12
Increased
395
Reduced
310
Closed
19
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
JPMorgan Chase
JPM
|
+$35M |
| 2 |
Broadcom
AVGO
|
+$34.7M |
| 3 |
Vertiv
VRT
|
+$18.2M |
| 4 |
XYZ
Block Inc
XYZ
|
+$17.4M |
| 5 |
DoorDash
DASH
|
+$17.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$585M |
| 2 |
CVS Health
CVS
|
+$190M |
| 3 |
AT&T
T
|
+$153M |
| 4 |
iShares Core S&P Mid-Cap ETF
IJH
|
+$43M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
926
Park Hotels & Resorts
PK
$2.92B
| $521K | ﹤0.01% |
48,829
| – | – |
|
927
Polaris
PII
$3.97B
| $507K | ﹤0.01% |
12,379
| – | – |
|
928
Visteon
VC
$2.8B
| $505K | ﹤0.01% |
6,507
| – | – |
|
929
LivaNova
LIVN
$4.21B
| $503K | ﹤0.01% |
12,811
| – | – |
|
930
Boston Beer
SAM
$1.86B
| $498K | ﹤0.01% |
2,083
| – | – |
|
931
Amkor Technology
AMKR
$13.1B
| $490K | ﹤0.01% |
27,149
+300
| +1% | +$6.78K |
|
932
Marriott Vacations Worldwide
VAC
$3.89B
| $489K | ﹤0.01% |
7,613
| – | – |
|
933
Coty
COTY
$2.51B
| $480K | ﹤0.01% |
87,698
+1,200
| +1% | +$7.51K |
|
934
PBF Energy
PBF
$7.86B
| $443K | ﹤0.01% |
23,200
| – | – |
|
935
Sotera Health
SHC
$5.41B
| $427K | ﹤0.01% |
36,600
+400
| +1% | +$5.15K |
|
936
IPG Photonics
IPGP
$3.61B
| $398K | ﹤0.01% |
6,300
| – | – |
|
937
First Citizens BancShares
FCNCA
$25.4B
| $371K | ﹤0.01% |
200
| – | – |
|
938
LPL Financial
LPLA
$29.3B
| $360K | ﹤0.01% |
1,100
| – | – |
|
939
Greif
GEF
$4.97B
| $338K | ﹤0.01% |
6,139
| – | – |
|
940
Avis
CAR
$4.9B
| $302K | ﹤0.01% |
3,973
| – | – |
|
941
Under Armour
UAA
$2.5B
| $279K | ﹤0.01% |
44,700
| – | – |
|
|
MRP
942
Millrose Properties Inc
MRP
$4.78B
| $263K | ﹤0.01% |
+9,938
| New | +$233K |
|
943
U-Haul Holding Co Series N
UHAL.B
$12.6B
| $204K | ﹤0.01% |
3,454
| – | – |
|
944
Under Armour Class C
UA
$2.42B
| $183K | ﹤0.01% |
30,700
| – | – |
|
945
Arrowhead Research
ARWR
$12.5B
| – | – |
-29,470
| Closed | -$554K |
|
946
BorgWarner
BWA
$14.1B
| – | – |
-59,388
| Closed | -$1.89M |
|
947
Chemours
CC
$2.2B
| – | – |
-35,379
| Closed | -$598K |
|
948
Celanese
CE
$4.88B
| – | – |
-29,652
| Closed | -$2.05M |
|
949
Enovis
ENOV
$1.4B
| – | – |
-13,202
| Closed | -$579K |
|
950
FMC
FMC
$1.31B
| – | – |
-33,858
| Closed | -$1.65M |
|
Similar funds
FAM
BA
CAM
DSA
CHP
IC
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.