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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
MDLZ icon
176
Mondelez International
MDLZ
$78.3B
$19.3M 0.1%
334,870
-2,900
-0.9% -$168K
EMR icon
177
Emerson Electric
EMR
$78.2B
$19.2M 0.1%
146,820
-300
-0.2% -$43.1K
PSX icon
178
Phillips 66
PSX
$82.9B
$19.2M 0.1%
105,212
-300
-0.3% -$47K
MELI icon
179
Mercado Libre
MELI
$92B
$19M 0.1%
11,000
– –
TEL icon
180
TE Connectivity
TEL
$59.3B
$19M 0.1%
90,823
-400
-0.4% -$88.3K
LHX icon
181
L3Harris
LHX
$52.5B
$18.9M 0.1%
54,830
-100
-0.2% -$34.9K
MPC icon
182
Marathon Petroleum
MPC
$91.3B
$18.8M 0.1%
77,110
-1,600
-2% -$323K
MAR icon
183
Marriott International
MAR
$96.6B
$18.8M 0.1%
57,436
-900
-2% -$296K
PCAR icon
184
PACCAR
PCAR
$66.4B
$18.7M 0.1%
161,966
-300
-0.2% -$36.3K
SPG icon
185
Simon Property Group
SPG
$74.2B
$18.6M 0.1%
99,849
-600
-0.6% -$114K
AEP icon
186
American Electric Power
AEP
$71.9B
$18.5M 0.1%
141,258
+1,100
+0.8% +$138K
ELV icon
187
Elevance Health
ELV
$80.9B
$18.5M 0.1%
63,151
-500
-0.8% -$164K
CRH icon
188
CRH
CRH
$68.8B
$18.4M 0.1%
175,100
-400
-0.2% -$47K
MCO icon
189
Moody's
MCO
$89.2B
$18.4M 0.1%
42,106
-100
-0.2% -$47.3K
ROST icon
190
Ross Stores
ROST
$74.9B
$18.3M 0.1%
84,456
-700
-0.8% -$139K
HLT icon
191
Hilton Worldwide
HLT
$73.1B
$18.2M 0.1%
59,923
-900
-1% -$273K
AON icon
192
Aon
AON
$78.4B
$18.1M 0.1%
56,058
-200
-0.4% -$66.5K
RCL icon
193
Royal Caribbean
RCL
$77B
$18.1M 0.1%
+65,701
New +$19.6M
CL icon
194
Colgate-Palmolive
CL
$74.4B
$17.9M 0.09%
210,529
-500
-0.2% -$44.6K
WBD icon
195
Warner Bros
WBD
$67.4B
$17.8M 0.09%
647,441
-1,300
-0.2% -$36.4K
ECL icon
196
Ecolab
ECL
$76.8B
$17.7M 0.09%
66,640
-100
-0.1% -$28.2K
IDXX icon
197
Idexx Laboratories
IDXX
$44.8B
$17.6M 0.09%
31,355
– –
KMI icon
198
Kinder Morgan
KMI
$71.9B
$17.1M 0.09%
511,445
-1,100
-0.2% -$34.4K
TRV icon
199
Travelers Companies
TRV
$78.5B
$17.1M 0.09%
58,753
-1,900
-3% -$557K
XYZ
200
Block Inc
XYZ
$47.6B
$17.1M 0.09%
284,346
-300
-0.1% -$18.2K
6 7
8
9 10

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.