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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
VST icon
276
Vistra
VST
$48.3B
$12.9M 0.06%
81,200
-2,000
-2% -$310K
STT icon
277
State Street
STT
$50.9B
$12.8M 0.06%
75,428
-2,900
-4% -$447K
ADM icon
278
Archer Daniels Midland
ADM
$38.5B
$12.8M 0.06%
166,941
+3,200
+2% +$244K
EBAY icon
279
eBay
EBAY
$48.7B
$12.7M 0.06%
113,728
-4,300
-4% -$459K
MCHP icon
280
Microchip Technology
MCHP
$43.8B
$12.6M 0.06%
138,518
-2,800
-2% -$250K
NKE icon
281
Nike
NKE
$61.6B
$12.6M 0.06%
307,103
-154,612
-33% -$6.8M
KDP icon
282
Keurig Dr Pepper
KDP
$42.3B
$12.5M 0.06%
380,500
+25,600
+7% +$746K
EA icon
283
Electronic Arts
EA
$52.9B
$12.4M 0.05%
60,254
-1,200
-2% -$243K
GRMN
284
Garmin
GRMN
$59.3B
$12.4M 0.05%
51,997
-600
-1% -$146K
UAL icon
285
United Airlines
UAL
$43B
$12.3M 0.05%
90,528
+700
+0.8% +$72.5K
COIN icon
286
Coinbase
COIN
$39.8B
$12.2M 0.05%
83,659
+25,359
+43% +$4.58M
CVNA icon
287
Carvana
CVNA
$74.8B
$12.1M 0.05%
183,400
-1,100
-0.6% -$77.8K
BDX icon
288
Becton Dickinson
BDX
$46.9B
$11.8M 0.05%
78,088
+300
+0.4% +$44.9K
AXON
289
Axon Enterprise
AXON
$48.9B
$11.5M 0.05%
20,600
– –
CCL icon
290
Carnival Corporation Ltd
CCL
$40.5B
$11.5M 0.05%
403,344
+62,800
+18% +$1.72M
ADSK icon
291
Autodesk
ADSK
$50.1B
$11.5M 0.05%
58,923
-900
-2% -$206K
PCG icon
292
PG&E
PCG
$38.4B
$11.4M 0.05%
676,160
+4,600
+0.7% +$77.4K
JBL icon
293
Jabil
JBL
$35.6B
$11.4M 0.05%
29,500
-3,600
-11% -$1.24M
YUM icon
294
Yum! Brands
YUM
$40.3B
$11.3M 0.05%
70,614
-1,900
-3% -$294K
AIG icon
295
American International
AIG
$42.1B
$11.2M 0.05%
150,867
-1,100
-0.7% -$83.6K
ON icon
296
ON Semiconductor
ON
$31.4B
$11.2M 0.05%
118,436
-9,600
-7% -$984K
AMP icon
297
Ameriprise Financial
AMP
$48.9B
$11.2M 0.05%
24,378
+500
+2% +$229K
TTWO icon
298
Take-Two Interactive
TTWO
$44.9B
$11.1M 0.05%
44,592
-900
-2% -$199K
VTR icon
299
Ventas
VTR
$46.6B
$11.1M 0.05%
124,505
+400
+0.3% +$34.1K
PRU icon
300
Prudential Financial
PRU
$42.9B
$11M 0.05%
102,155
– –
10 11
12
13 14

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.