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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
ISRG icon
76
Intuitive Surgical
ISRG
$122B
$48M 0.25%
104,153
-105,200
-50% -$53.2M
DIS icon
77
Walt Disney
DIS
$170B
$47.9M 0.25%
496,766
-4,600
-0.9% -$486K
PFE icon
78
Pfizer
PFE
$143B
$46.8M 0.25%
1,666,884
-3,300
-0.2% -$87.9K
APH icon
79
Amphenol
APH
$186B
$46.7M 0.25%
369,674
-17,300
-4% -$2.44M
TXN icon
80
Texas Instruments
TXN
$258B
$46M 0.24%
237,061
-800
-0.3% -$162K
CRM icon
81
Salesforce
CRM
$140B
$45.7M 0.24%
244,743
-4,500
-2% -$932K
GILD icon
82
Gilead Sciences
GILD
$167B
$45.2M 0.24%
324,095
-700
-0.2% -$98K
TSM icon
83
TSMC
TSM
$2.06T
$44.7M 0.24%
132,200
-16,000
-11% -$5.51M
QCOM icon
84
Qualcomm
QCOM
$181B
$43M 0.23%
333,766
-1,600
-0.5% -$234K
AXP icon
85
American Express
AXP
$242B
$42.3M 0.22%
139,877
-800
-0.6% -$268K
COP icon
86
ConocoPhillips
COP
$140B
$42.2M 0.22%
320,028
-3,500
-1% -$388K
SCHW
87
Charles Schwab
SCHW
$177B
$41M 0.22%
436,366
-900
-0.2% -$88.3K
BA icon
88
Boeing
BA
$169B
$40.8M 0.22%
205,196
+200
+0.1% +$45.5K
ADI icon
89
Analog Devices
ADI
$183B
$40.6M 0.21%
127,655
-1,100
-0.9% -$350K
VLUE icon
90
iShares MSCI USA Value Factor ETF
VLUE
$9.6B
$39.8M 0.21%
279,800
-167,900
-38% -$24.6M
UBER icon
91
Uber
UBER
$148B
$38.7M 0.2%
537,600
-6,400
-1% -$493K
BLK icon
92
Blackrock
BLK
$166B
$37.7M 0.2%
39,171
-100
-0.3% -$105K
UNP icon
93
Union Pacific
UNP
$179B
$37.6M 0.2%
155,045
-200
-0.1% -$49K
HON icon
94
Honeywell
HON
$71.3B
$37.5M 0.2%
165,815
-400
-0.2% -$91.4K
DE icon
95
Deere & Co
DE
$161B
$37.1M 0.2%
65,857
– –
ACN icon
96
Accenture
ACN
$87.8B
$36.8M 0.19%
185,738
-1,600
-0.9% -$373K
ICE icon
97
Intercontinental Exchange
ICE
$79B
$36.5M 0.19%
231,942
-900
-0.4% -$147K
ETN icon
98
Eaton
ETN
$155B
$36.3M 0.19%
101,456
-200
-0.2% -$71.2K
WELL icon
99
Welltower
WELL
$172B
$36M 0.19%
182,309
+2,600
+1% +$514K
BMY icon
100
Bristol-Myers Squibb
BMY
$124B
$35.8M 0.19%
589,933
-1,000
-0.2% -$58.3K
2 3
4
5 6

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.