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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
BKNG icon
101
Booking.com
BKNG
$141B
$35.6M 0.19%
211,475
– –
SPGI icon
102
S&P Global
SPGI
$133B
$35.3M 0.19%
82,953
-1,200
-1% -$557K
LMT icon
103
Lockheed Martin
LMT
$117B
$34.9M 0.18%
57,718
-400
-0.7% -$246K
LOW icon
104
Lowe's Companies
LOW
$117B
$34.6M 0.18%
146,570
-300
-0.2% -$78.2K
NEM icon
105
Newmont
NEM
$95.8B
$34M 0.18%
314,545
-700
-0.2% -$80.7K
PANW icon
106
Palo Alto Networks
PANW
$292B
$33.8M 0.18%
211,100
+32,000
+18% +$5.38M
PLD icon
107
Prologis
PLD
$140B
$33.6M 0.18%
254,267
-300
-0.1% -$40.1K
NOW icon
108
ServiceNow
NOW
$106B
$33.3M 0.18%
318,275
+1,700
+0.5% +$200K
CMCSA icon
109
Comcast
CMCSA
$85B
$32.1M 0.17%
1,118,389
-14,100
-1% -$422K
COF icon
110
Capital One
COF
$128B
$31.7M 0.17%
173,764
-3,200
-2% -$669K
PGR icon
111
Progressive
PGR
$121B
$31.5M 0.17%
158,688
-400
-0.3% -$82.6K
INTU icon
112
Intuit
INTU
$79.6B
$31.4M 0.17%
72,690
-300
-0.4% -$143K
DHR icon
113
Danaher
DHR
$144B
$31.2M 0.16%
164,346
-200
-0.1% -$42.6K
CB icon
114
Chubb
CB
$137B
$31M 0.16%
94,987
-800
-0.8% -$257K
VRTX icon
115
Vertex Pharmaceuticals
VRTX
$123B
$30.9M 0.16%
69,123
-100
-0.1% -$46.6K
MOH icon
116
Molina Healthcare
MOH
$11.7B
$29.9M 0.16%
224,044
+210,612
+1,568% +$33.5M
APP icon
117
Applovin
APP
$143B
$29.9M 0.16%
75,000
-100
-0.1% -$48.3K
SYK icon
118
Stryker
SYK
$123B
$29.6M 0.16%
89,999
-100
-0.1% -$35.9K
PH icon
119
Parker-Hannifin
PH
$120B
$29.5M 0.16%
32,996
– –
MDT icon
120
Medtronic
MDT
$106B
$29M 0.15%
334,898
-900
-0.3% -$86.2K
CME icon
121
CME Group
CME
$88.5B
$29M 0.15%
98,144
-200
-0.2% -$59.4K
MO icon
122
Altria Group
MO
$124B
$28.9M 0.15%
438,542
-900
-0.2% -$57.9K
BABA icon
123
Alibaba
BABA
$276B
$28.1M 0.15%
223,900
-33,100
-13% -$4.98M
WDC icon
124
Western Digital
WDC
$164B
$27.8M 0.15%
102,657
-1,000
-1% -$261K
SO icon
125
Southern Company
SO
$107B
$27.8M 0.15%
287,623
-600
-0.2% -$55.5K
3 4
5
6 7

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.