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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
GLW icon
126
Corning
GLW
$133B
$27.7M 0.15%
203,999
-300
-0.1% -$36.2K
BURL icon
127
Burlington
BURL
$21.7B
$27.7M 0.15%
85,100
+300
+0.4% +$91.9K
GM icon
128
General Motors
GM
$68.6B
$27.6M 0.15%
370,008
-8,100
-2% -$644K
SPOT icon
129
Spotify
SPOT
$98.3B
$27.2M 0.14%
+56,031
New +$28.1M
CVS icon
130
CVS Health
CVS
$137B
$27M 0.14%
375,677
– –
SBUX icon
131
Starbucks
SBUX
$120B
$26.7M 0.14%
297,659
– –
DUK icon
132
Duke Energy
DUK
$97.5B
$26.6M 0.14%
203,136
-500
-0.2% -$62.5K
TT icon
133
Trane Technologies
TT
$104B
$26.1M 0.14%
62,613
-200
-0.3% -$84.9K
TMUS icon
134
T-Mobile US
TMUS
$208B
$26M 0.14%
123,741
-2,200
-2% -$452K
HUBS icon
135
HubSpot
HUBS
$11.5B
$26M 0.14%
106,400
– –
CRWD icon
136
CrowdStrike
CRWD
$207B
$25.7M 0.14%
263,600
+800
+0.3% +$84.8K
EQIX icon
137
Equinix
EQIX
$101B
$25.2M 0.13%
25,717
– –
FDX icon
138
FedEx
FDX
$74.7B
$25M 0.13%
70,167
-300
-0.4% -$104K
SNDK
139
Sandisk
SNDK
$201B
$24.5M 0.13%
38,601
+2,200
+6% +$1.24M
NKE icon
140
Nike
NKE
$64.9B
$24.4M 0.13%
461,715
-100
-0% -$6.06K
BSX icon
141
Boston Scientific
BSX
$65.4B
$24.3M 0.13%
387,408
-700
-0.2% -$56K
HWM icon
142
Howmet Aerospace
HWM
$109B
$24.1M 0.13%
104,745
-500
-0.5% -$117K
SLB icon
143
SLB Ltd
SLB
$70.3B
$24.1M 0.13%
468,238
-500
-0.1% -$24.3K
NOC icon
144
Northrop Grumman
NOC
$74.1B
$23.8M 0.13%
34,818
-300
-0.9% -$207K
ADP icon
145
Automatic Data Processing
ADP
$102B
$23.8M 0.13%
116,903
-700
-0.6% -$161K
PNC icon
146
PNC Financial Services
PNC
$101B
$23.3M 0.12%
112,156
+2,900
+3% +$631K
WMB icon
147
Williams Companies
WMB
$89.7B
$23.2M 0.12%
319,021
-700
-0.2% -$48.5K
GD icon
148
General Dynamics
GD
$99.7B
$22.8M 0.12%
66,312
-100
-0.2% -$35.5K
CEG icon
149
Constellation Energy
CEG
$90.1B
$22.7M 0.12%
81,367
-400
-0.5% -$122K
EOG icon
150
EOG Resources
EOG
$74.5B
$22.7M 0.12%
157,052
-300
-0.2% -$36.4K
4 5
6
7 8

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.