SOMRS
State of Michigan Retirement System Portfolio holdings
AUM
$22.6B
Turnover
5.03%
1-Year Est. Return
40.24%
This Fund
S&P 500
This Quarter
Est. Return
+26.19%
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
$22.6B
AUM Growth
+$3.66B
(+19%)
Cap. Flow
+$818M
Cap. Flow
% of AUM
3.62%
Top 10 Holdings %
Top 10 Hldgs %
30.97%
Holding
975
New
34
Increased
149
Reduced
743
Closed
15
Avg Time Held
8.8
years
Top 10 Avg Time Held
4.5
years
Top 20 Avg Time Held
4.8
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
HubSpot
HUBS
|
+$226M |
| 2 |
Adobe
ADBE
|
+$125M |
| 3 |
Charter Communications
CHTR
|
+$107M |
| 4 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$98.8M |
| 5 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$98.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TransDigm Group
TDG
|
+$75.5M |
| 2 |
State Street Health Care Select Sector SPDR ETF
XLV
|
+$59.3M |
| 3 |
Meta Platforms (Facebook)
META
|
+$53.4M |
| 4 |
Cigna
CI
|
+$42M |
| 5 |
Intel
INTC
|
+$34.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 36.61% |
| 2 | Financials | 10.43% |
| 3 | Communication Services | 9.47% |
| 4 | Healthcare | 8.27% |
| 5 | Consumer Discretionary | 8.06% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
NVIDIA
NVDA
$5.34T
| $1.43B | 6.33% |
7,144,304
-100,156
| -1% | -$20.6M |
2013 Q2
52 quarters
|
|
2
Apple
AAPL
$5.01T
| $1.11B | 4.91% |
3,830,399
-70,100
| -2% | -$20.1M |
2013 Q2
52 quarters
|
|
3
Microsoft
MSFT
$3.96T
| $756M | 3.35% |
2,026,202
-31,665
| -2% | -$12.8M |
2013 Q2
52 quarters
|
|
4
Amazon
AMZN
$2.74T
| $631M | 2.79% |
2,647,879
-55,241
| -2% | -$13.9M |
2013 Q2
52 quarters
|
|
5
Broadcom
AVGO
$1.65T
| $617M | 2.73% |
1,634,642
-54,418
| -3% | -$21.8M |
2014 Q2
48 quarters
|
|
6
Alphabet (Google) Class A
GOOGL
$4.25T
| $564M | 2.5% |
1,578,570
-17,810
| -1% | -$6.41M |
2015 Q4
42 quarters
|
|
7
Alphabet (Google) Class C
GOOG
$4.2T
| $552M | 2.44% |
1,560,960
-12,300
| -0.8% | -$4.4M |
2015 Q4
42 quarters
|
|
8
Advanced Micro Devices
AMD
$932B
| $459M | 2.03% |
790,453
+172,753
| +28% | +$70.8M |
2013 Q2
52 quarters
|
|
9
iShares MSCI USA Momentum Factor ETF
MTUM
$19.3B
| $446M | 1.98% |
1,301,990
-38,100
| -3% | -$11.4M |
2020 Q3
23 quarters
|
|
10
Micron Technology
MU
$1.03T
| $432M | 1.91% |
374,042
+6,700
| +2% | +$5.02M |
2013 Q2
52 quarters
|
|
|
11
Meta Platforms (Facebook)
META
$1.88T
| $429M | 1.9% |
762,054
-87,360
| -10% | -$53.4M |
2013 Q4
50 quarters
|
|
|
12
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$29.2B
| $335M | 1.48% |
3,072,400
+900,000
| +41% | +$98.1M |
2020 Q2
24 quarters
|
|
|
13
State Street SPDR S&P 500 ETF Trust
SPY
$813B
| $304M | 1.35% |
407,152
+136,212
| +50% | +$98.8M |
2013 Q2
52 quarters
|
|
14
Tesla
TSLA
$1.45T
| $303M | 1.34% |
720,857
-13,800
| -2% | -$5.49M |
2020 Q4
22 quarters
|
|
|
15
Adobe
ADBE
$93.7B
| $277M | 1.22% |
1,349,261
+528,438
| +64% | +$125M |
2013 Q2
52 quarters
|
|
16
Eli Lilly
LLY
$1.08T
| $255M | 1.13% |
212,904
-2,900
| -1% | -$2.96M |
2013 Q2
52 quarters
|
|
17
JPMorgan Chase
JPM
$890B
| $225M | 0.99% |
686,031
-18,300
| -3% | -$5.68M |
2013 Q2
52 quarters
|
|
|
18
HubSpot
HUBS
$11.3B
| $217M | 0.96% |
1,188,887
+1,082,487
| +1,017% | +$226M |
2024 Q2
8 quarters
|
|
|
19
Intel
INTC
$519B
| $169M | 0.75% |
1,209,653
-337,330
| -22% | -$34.1M |
2013 Q2
52 quarters
|
|
20
Berkshire Hathaway Class B
BRK.B
$1.13T
| $165M | 0.73% |
329,329
-10,300
| -3% | -$4.95M |
2013 Q2
52 quarters
|
|
21
Johnson & Johnson
JNJ
$612B
| $163M | 0.72% |
642,467
-10,700
| -2% | -$2.49M |
2013 Q2
52 quarters
|
|
22
Kroger
KR
$37.3B
| $163M | 0.72% |
2,929,710
+644,623
| +28% | +$42.1M |
2013 Q2
52 quarters
|
|
23
Applied Materials
AMAT
$354B
| $161M | 0.71% |
223,051
-32,004
| -13% | -$14.8M |
2013 Q2
52 quarters
|
|
24
Lam Research
LRCX
$359B
| $155M | 0.69% |
358,800
-2,800
| -0.8% | -$850K |
2013 Q2
52 quarters
|
|
25
Visa
V
$735B
| $155M | 0.69% |
453,023
-12,600
| -3% | -$4.05M |
2013 Q2
52 quarters
|
|
Similar funds
GT
EIM
CIG
CB
BBHC
LF
CI
State of Michigan Retirement System's Q2 2026 Portfolio in Review
As of Q2 2026, State of Michigan Retirement System held 975 positions worth $22.6B, up 19% from $18.9B the previous quarter. Its ten largest holdings account for 31% of the portfolio.
State of Michigan Retirement System deployed $818M of net new capital in Q2 2026, opening 34 new positions and adding to 149 existing holdings. Its largest new stake was iShares Securitized Income Active ETF: 1,900,000 shares worth $94.7M.
By sector, the portfolio is most concentrated in Technology at 37% of assets, up from 32% a quarter earlier, followed by Financials and Communication Services.
On the sell side, the largest reduction was TransDigm Group, an estimated $75.5M trimmed.
- State of Michigan Retirement System's largest Q2 2026 buy was iShares Securitized Income Active ETF: 1,900,000 shares worth $94.7M.
- State of Michigan Retirement System added most to HubSpot in Q2 2026, an estimated $226M increase.
- State of Michigan Retirement System's biggest Q2 2026 reduction was TransDigm Group, cutting an estimated $75.5M.
- State of Michigan Retirement System fully exited State Street Health Care Select Sector SPDR ETF in Q2 2026, selling an estimated $59.3M.
- State of Michigan Retirement System's ten largest holdings make up 31% of its $22.6B portfolio in Q2 2026.
- State of Michigan Retirement System opened 34 new positions and closed 15 in Q2 2026.
- State of Michigan Retirement System's portfolio value rose 19% quarter-over-quarter to $22.6B.
Based on State of Michigan Retirement System's 13F filing for Q2 2026, filed 30 Jul 2026.