We are live on ! Find out more
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
MRSH
151
Marsh
MRSH
$87.8B
$22.7M 0.12%
130,775
-1,800
-1% -$324K
USB icon
152
US Bancorp
USB
$98.4B
$22.7M 0.12%
435,982
-900
-0.2% -$49.5K
BX icon
153
Blackstone
BX
$155B
$22.5M 0.12%
195,600
+2,300
+1% +$299K
STX icon
154
Seagate
STX
$178B
$22.3M 0.12%
57,005
– –
WM icon
155
Waste Management
WM
$96.1B
$22.3M 0.12%
96,888
-100
-0.1% -$23K
FCX icon
156
Freeport-McMoran
FCX
$83.9B
$22.1M 0.12%
375,433
-500
-0.1% -$30.2K
VLO icon
157
Valero Energy
VLO
$91.9B
$21.9M 0.12%
88,762
-200
-0.2% -$41.2K
CSX icon
158
CSX Corp
CSX
$94.3B
$21.8M 0.12%
531,584
-1,700
-0.3% -$66.6K
UPS icon
159
United Parcel Service
UPS
$100B
$21.4M 0.11%
217,914
-500
-0.2% -$53.6K
PWR icon
160
Quanta Services
PWR
$94.3B
$21.4M 0.11%
38,948
-100
-0.3% -$51.5K
BNY
161
Bank of New York Mellon
BNY
$108B
$21.3M 0.11%
179,837
-2,700
-1% -$321K
CDNS icon
162
Cadence Design Systems
CDNS
$91B
$21.1M 0.11%
76,023
-100
-0.1% -$29.8K
AMT icon
163
American Tower
AMT
$79.2B
$21.1M 0.11%
122,284
-300
-0.2% -$54K
JCI icon
164
Johnson Controls International
JCI
$85.7B
$20.9M 0.11%
159,856
-100
-0.1% -$12.9K
EW icon
165
Edwards Lifesciences
EW
$49.4B
$20.6M 0.11%
257,051
-300
-0.1% -$24.7K
MSCI icon
166
MSCI
MSCI
$45.8B
$20.5M 0.11%
38,002
-500
-1% -$282K
REGN icon
167
Regeneron Pharmaceuticals
REGN
$70.9B
$20.3M 0.11%
26,321
-100
-0.4% -$76.6K
ORLY icon
168
O'Reilly Automotive
ORLY
$71.3B
$20.3M 0.11%
219,945
-1,000
-0.5% -$93.8K
MSI icon
169
Motorola Solutions
MSI
$68.6B
$20.1M 0.11%
46,408
-300
-0.6% -$130K
SHW icon
170
Sherwin-Williams
SHW
$81.7B
$20.1M 0.11%
62,656
-100
-0.2% -$34.4K
ITW icon
171
Illinois Tool Works
ITW
$79.4B
$20M 0.11%
76,936
-600
-0.8% -$163K
MMM icon
172
3M
MMM
$83.4B
$20M 0.11%
137,605
-1,500
-1% -$239K
SNPS icon
173
Synopsys
SNPS
$73.6B
$19.8M 0.1%
49,954
+1,300
+3% +$588K
CMI icon
174
Cummins
CMI
$89.5B
$19.4M 0.1%
36,131
– –
HCA icon
175
HCA Healthcare
HCA
$82.3B
$19.4M 0.1%
40,909
-900
-2% -$453K
5 6
7
8 9

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.