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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
-3.04%
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
$17.3B
AUM Growth
-$1.9B
Cap. Flow
-$1.06B
Cap. Flow %
-6.11%
Top 10 Hldgs %
32.47%
Holding
963
New
12
Increased
395
Reduced
310
Closed
19

Top Buys

Rank Stock Value
1
JPM icon
JPMorgan Chase
JPM
+$35M
2
AVGO icon
Broadcom
AVGO
+$34.7M
3
VRT icon
Vertiv
VRT
+$18.2M
4
XYZ
Block Inc
XYZ
+$17.4M
5
DASH icon
DoorDash
DASH
+$17.3M

Top Sells

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$585M
2
CVS icon
CVS Health
CVS
+$190M
3
T icon
AT&T
T
+$153M
4
IJH icon
iShares Core S&P Mid-Cap ETF
IJH
+$43M
5
MSFT icon
Microsoft
MSFT
+$36.3M

Sector Composition

Rank Sector Weight
1 Technology 28.36%
2 Financials 12.46%
3 Healthcare 10.12%
4 Consumer Discretionary 9.98%
5 Communication Services 9.07%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CTAS icon
151
Cintas
CTAS
$80.8B
$20.4M 0.12%
99,472
– –
CDNS icon
152
Cadence Design Systems
CDNS
$93.3B
$20.2M 0.12%
79,323
– –
MSI icon
153
Motorola Solutions
MSI
$76.4B
$19.8M 0.11%
45,308
-100
-0.2% -$44.6K
COF icon
154
Capital One
COF
$133B
$19.8M 0.11%
110,556
-200
-0.2% -$37.8K
MSCI icon
155
MSCI
MSCI
$41.1B
$19.8M 0.11%
35,002
-200
-0.6% -$116K
WMB icon
156
Williams Companies
WMB
$87.2B
$19.8M 0.11%
330,721
-100
-0% -$5.72K
ITW icon
157
Illinois Tool Works
ITW
$84.1B
$19.7M 0.11%
79,436
-400
-0.5% -$103K
GM icon
158
General Motors
GM
$77.7B
$19.6M 0.11%
416,008
-28,500
-6% -$1.4M
EOG icon
159
EOG Resources
EOG
$74.2B
$19.6M 0.11%
152,552
-100
-0.1% -$12.9K
EW icon
160
Edwards Lifesciences
EW
$53.2B
$19.3M 0.11%
266,051
-100
-0% -$7.16K
SNPS icon
161
Synopsys
SNPS
$79.8B
$19.1M 0.11%
44,527
+200
+0.5% +$97.2K
NOC icon
162
Northrop Grumman
NOC
$82.3B
$18.9M 0.11%
36,918
-300
-0.8% -$143K
PNC icon
163
PNC Financial Services
PNC
$100B
$18.9M 0.11%
107,456
-200
-0.2% -$37.8K
USB icon
164
US Bancorp
USB
$99.6B
$18.8M 0.11%
445,282
-200
-0% -$9.23K
GD icon
165
General Dynamics
GD
$107B
$18.8M 0.11%
68,812
-1,200
-2% -$312K
APD icon
166
Air Products & Chemicals
APD
$68.2B
$18.4M 0.11%
62,421
– –
REGN icon
167
Regeneron Pharmaceuticals
REGN
$82.8B
$18.1M 0.1%
28,521
-100
-0.3% -$68.8K
SLB icon
168
SLB Ltd
SLB
$78B
$18M 0.1%
431,238
-3,200
-0.7% -$131K
ECL icon
169
Ecolab
ECL
$79.6B
$17.9M 0.1%
70,640
-100
-0.1% -$25.2K
BDX icon
170
Becton Dickinson
BDX
$48.5B
$17.8M 0.1%
77,888
-600
-0.8% -$139K
PYPL icon
171
PayPal
PYPL
$50B
$17.5M 0.1%
268,392
-3,700
-1% -$288K
SOFI icon
172
SoFi Technologies
SOFI
$23.4B
$17.4M 0.1%
1,500,000
– –
SPG icon
173
Simon Property Group
SPG
$71.2B
$17.4M 0.1%
104,549
– –
BNY
174
Bank of New York Mellon
BNY
$108B
$17.3M 0.1%
206,055
-2,600
-1% -$218K
VRT icon
175
Vertiv
VRT
$105B
$17.3M 0.1%
239,300
+170,900
+250% +$18.2M
5 6
7
8 9

Similar funds

FAM
Fred Alger Management New York $22.8B AUM 64.63% 1-Year Est. Return
BA
Bridgewater Associates Westport, Connecticut $22.4B AUM 34.48% 1-Year Est. Return
Tiger Global Management
Tiger Global Management New York $22.8B AUM 30.07% 1-Year Est. Return
Capital Fund Management (CFM)
Capital Fund Management (CFM) Paris, France $22.1B AUM 20.49% 1-Year Est. Return
CAM
Cresset Asset Management Chicago, Illinois $23.1B AUM 27.04% 1-Year Est. Return
Luther King Capital Management (LKCM)
Luther King Capital Management (LKCM) Fort Worth, Texas $23.1B AUM 21.31% 1-Year Est. Return
DSA
Davis Selected Advisers Tucson, Arizona $21.8B AUM 23.45% 1-Year Est. Return
CHP
Castle Hook Partners New York $23.4B AUM 158.96% 1-Year Est. Return

State of Michigan Retirement System's Q1 2025 Portfolio in Review

As of Q1 2025, State of Michigan Retirement System held 963 positions worth $17.3B, down 9.9% from $19.2B the previous quarter. Its ten largest holdings account for 32% of the portfolio.

State of Michigan Retirement System withdrew a net $1.06B in Q1 2025, closing 19 positions and reducing 310 holdings. Its most notable exit was iShares Biotechnology ETF, an estimated $18.1M position sold in full.

By sector, the portfolio is most concentrated in Technology at 28% of assets, down from 30% a quarter earlier, followed by Financials and Healthcare.

Against the trend, State of Michigan Retirement System opened a new position in DoorDash worth $16.8M.

  • State of Michigan Retirement System's largest Q1 2025 buy was DoorDash: 92,000 shares worth $16.8M.
  • State of Michigan Retirement System added most to JPMorgan Chase in Q1 2025, an estimated $35M increase.
  • State of Michigan Retirement System's biggest Q1 2025 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $585M.
  • State of Michigan Retirement System fully exited iShares Biotechnology ETF in Q1 2025, selling an estimated $18.1M.
  • State of Michigan Retirement System's ten largest holdings make up 32% of its $17.3B portfolio in Q1 2025.
  • State of Michigan Retirement System opened 12 new positions and closed 19 in Q1 2025.
  • State of Michigan Retirement System's portfolio value fell 9.9% quarter-over-quarter to $17.3B.

Based on State of Michigan Retirement System's 13F filing for Q1 2025, filed 30 Apr 2025.