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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
+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
Cap. Flow
+$818M
Cap. Flow %
3.62%
Top 10 Hldgs %
30.97%
Holding
975
New
34
Increased
149
Reduced
743
Closed
15

Top Buys

Rank Stock Value
1
HUBS icon
HubSpot
HUBS
+$226M
2
ADBE icon
Adobe
ADBE
+$125M
3
CHTR icon
Charter Communications
CHTR
+$107M
4
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$98.8M
5
LQD icon
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
+$98.1M

Top Sells

Rank Stock Value
1
TDG icon
TransDigm Group
TDG
+$75.5M
2
XLV icon
State Street Health Care Select Sector SPDR ETF
XLV
+$59.3M
3
META icon
Meta Platforms (Facebook)
META
+$53.4M
4
CI icon
Cigna
CI
+$42M
5
INTC icon
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
ICLR icon
251
Icon
ICLR
$12.1B
$14.8M 0.07%
85,070
– –
TRGP icon
252
Targa Resources
TRGP
$56.4B
$14.7M 0.07%
55,000
-1,100
-2% -$283K
PSA icon
253
Public Storage
PSA
$61B
$14.7M 0.07%
46,221
+2,600
+6% +$795K
CARR icon
254
Carrier Global
CARR
$54.1B
$14.7M 0.06%
199,925
-5,300
-3% -$346K
DHI icon
255
D.R. Horton
DHI
$42.1B
$14.6M 0.06%
89,615
-13,084
-13% -$1.95M
XEL icon
256
Xcel Energy
XEL
$48.6B
$14.6M 0.06%
181,394
+26,900
+17% +$2.15M
CTVA icon
257
Corteva
CTVA
$52.2B
$14.5M 0.06%
171,210
-4,500
-3% -$361K
CAH icon
258
Cardinal Health
CAH
$54.7B
$14.3M 0.06%
+60,000
New +$12.5M
AFL icon
259
Aflac
AFL
$63.7B
$14.2M 0.06%
121,407
-5,100
-4% -$587K
AME icon
260
Ametek
AME
$58.2B
$14.2M 0.06%
58,653
-1,500
-2% -$346K
CPRT icon
261
Copart
CPRT
$27.2B
$14.1M 0.06%
501,908
+63,000
+14% +$2.03M
ROK icon
262
Rockwell Automation
ROK
$49.5B
$14.1M 0.06%
28,513
-800
-3% -$348K
BKR icon
263
Baker Hughes
BKR
$61.3B
$14.1M 0.06%
254,012
-4,100
-2% -$259K
COR icon
264
Cencora
COR
$59.6B
$14.1M 0.06%
+49,800
New +$14.4M
CMG icon
265
Chipotle Mexican Grill
CMG
$42.8B
$14.1M 0.06%
414,100
-10,800
-3% -$353K
OKE icon
266
Oneok
OKE
$55.2B
$14M 0.06%
161,281
-3,100
-2% -$273K
NUE icon
267
Nucor
NUE
$62.4B
$13.8M 0.06%
62,110
-3,200
-5% -$724K
FITB
268
Fifth Third Bancorp
FITB
$52.4B
$13.8M 0.06%
244,816
-1,600
-0.6% -$81.1K
ETR icon
269
Entergy
ETR
$50.8B
$13.5M 0.06%
117,204
-1,000
-0.8% -$113K
AZO icon
270
AutoZone
AZO
$49.4B
$13.4M 0.06%
4,206
-100
-2% -$332K
EXC icon
271
Exelon
EXC
$47.2B
$13.4M 0.06%
286,503
+100
+0% +$4.63K
WAB icon
272
Wabtec
WAB
$50.5B
$13.2M 0.06%
49,016
-500
-1% -$132K
HUM icon
273
Humana
HUM
$43.5B
$13.2M 0.06%
33,125
-300
-0.9% -$85.4K
MET icon
274
MetLife
MET
$61.9B
$13M 0.06%
153,156
-3,400
-2% -$274K
ED icon
275
Consolidated Edison
ED
$40B
$12.9M 0.06%
116,642
+17,300
+17% +$1.88M
9 10
11
12 13

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
AM
AGF Management Toronto, Ontario, Canada $22.3B AUM 46.42% 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

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.