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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
-2.31%
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
$18.9B
AUM Growth
-$1.63B
(-7.9%)
Cap. Flow
-$623M
Cap. Flow
% of AUM
-3.29%
Top 10 Holdings %
Top 10 Hldgs %
32.18%
Holding
956
New
21
Increased
397
Reduced
417
Closed
15
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Adobe
ADBE
|
+$193M |
| 2 |
Charter Communications
CHTR
|
+$87.8M |
| 3 |
Duolingo
DUOL
|
+$78M |
| 4 |
Kroger
KR
|
+$60.4M |
| 5 |
Factset
FDS
|
+$47.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$414M |
| 2 |
NVIDIA
NVDA
|
+$150M |
| 3 |
Alphabet (Google) Class A
GOOGL
|
+$103M |
| 4 |
Apple
AAPL
|
+$73.7M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
926
Crane NXT
CXT
$2.96B
| $482K | ﹤0.01% |
11,872
+200
| +2% | +$9.7K |
|
927
Goodyear
GT
$1.74B
| $457K | ﹤0.01% |
68,926
+1,300
| +2% | +$11K |
|
928
BellRing Brands
BRBR
$1.32B
| $454K | ﹤0.01% |
28,245
-1,500
| -5% | -$30.4K |
|
929
Boston Beer
SAM
$1.86B
| $434K | ﹤0.01% |
1,883
+100
| +6% | +$22.5K |
|
930
Flowers Foods
FLO
$1.51B
| $414K | ﹤0.01% |
50,842
+900
| +2% | +$9.03K |
|
931
Greif
GEF
$4.97B
| $398K | ﹤0.01% |
5,939
-200
| -3% | -$14.2K |
|
932
Pilgrim's Pride
PPC
$6.31B
| $388K | ﹤0.01% |
10,271
+200
| +2% | +$8.07K |
|
933
First Citizens BancShares
FCNCA
$25.4B
| $377K | ﹤0.01% |
200
| – | – |
|
934
Blackbaud
BLKB
$2.09B
| $334K | ﹤0.01% |
8,648
| – | – |
|
935
Columbia Sportswear
COLM
$2.92B
| $333K | ﹤0.01% |
6,074
+100
| +2% | +$5.75K |
|
936
Phinia Inc
PHIN
$2.7B
| $289K | ﹤0.01% |
4,218
| – | – |
|
937
Concentrix
CNXC
$1.56B
| $287K | ﹤0.01% |
10,491
| – | – |
|
|
MRP
938
Millrose Properties Inc
MRP
$4.78B
| $278K | ﹤0.01% |
9,938
| – | – |
|
|
VSNT
939
Versant Media Group
VSNT
$5.12B
| $267K | ﹤0.01% |
+7,200
| New | +$243K |
|
940
Veeva Systems
VEEV
$38.1B
| $246K | ﹤0.01% |
1,400
| – | – |
|
941
Coty
COTY
$2.51B
| $179K | ﹤0.01% |
88,898
+2,100
| +2% | +$5.64K |
|
|
EFOR
942
Everforth Inc
EFOR
$1.33B
| – | – |
-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 |
|
947
Kemper
KMPR
$1.55B
| – | – |
-13,796
| Closed | -$559K |
|
948
Lamb Weston
LW
$7.12B
| – | – |
-36,532
| Closed | -$1.53M |
|
949
Match Group
MTCH
$8.43B
| – | – |
-61,853
| Closed | -$2M |
|
950
Paycom
PAYC
$9.62B
| – | – |
-13,773
| Closed | -$2.19M |
|
Similar funds
FAM
BA
CAM
DSA
CHP
IC
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.