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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
RSG icon
301
Republic Services
RSG
$63.9B
$10.9M 0.05%
51,187
-1,400
-3% -$293K
CBRE icon
302
CBRE Group
CBRE
$43.7B
$10.9M 0.05%
80,838
+1,100
+1% +$152K
PHM icon
303
Pultegroup
PHM
$25.1B
$10.7M 0.05%
78,169
+600
+0.8% +$72.9K
EME icon
304
Emcor
EME
$36.2B
$10.5M 0.05%
12,600
-200
-2% -$169K
PEG icon
305
Public Service Enterprise Group
PEG
$38B
$10.4M 0.05%
127,566
-2,800
-2% -$224K
HIG icon
306
Hartford Financial Services
HIG
$38.9B
$10.3M 0.05%
77,641
-2,400
-3% -$321K
SYY icon
307
Sysco
SYY
$39.6B
$10.2M 0.05%
122,417
-2,700
-2% -$204K
PYPL icon
308
PayPal
PYPL
$50.1B
$10.1M 0.04%
234,992
-15,200
-6% -$691K
FANG icon
309
Diamondback Energy
FANG
$54B
$10M 0.04%
57,163
-9,700
-15% -$1.88M
WAT icon
310
Waters Corp
WAT
$38.9B
$10M 0.04%
26,719
– –
HBAN icon
311
Huntington Bancshares
HBAN
$35.5B
$9.97M 0.04%
562,050
+1,100
+0.2% +$18.2K
OXY icon
312
Occidental Petroleum
OXY
$54.8B
$9.94M 0.04%
204,639
+2,700
+1% +$153K
IBKR icon
313
Interactive Brokers
IBKR
$39.5B
$9.93M 0.04%
114,100
-2,200
-2% -$183K
NTAP icon
314
NetApp
NTAP
$37.4B
$9.89M 0.04%
63,929
-2,500
-4% -$327K
ROP icon
315
Roper Technologies
ROP
$38.8B
$9.82M 0.04%
29,011
-700
-2% -$239K
VMC icon
316
Vulcan Materials
VMC
$36.9B
$9.79M 0.04%
33,176
-1,300
-4% -$373K
WEC icon
317
WEC Energy
WEC
$35.6B
$9.74M 0.04%
83,384
-1,600
-2% -$183K
MTB icon
318
M&T Bank
MTB
$36.7B
$9.71M 0.04%
40,801
-2,200
-5% -$481K
IRM icon
319
Iron Mountain
IRM
$37.3B
$9.62M 0.04%
76,146
-1,100
-1% -$135K
A icon
320
Agilent Technologies
A
$39.3B
$9.61M 0.04%
72,381
-1,500
-2% -$183K
ACGL icon
321
Arch Capital
ACGL
$33.9B
$9.57M 0.04%
98,600
-2,800
-3% -$264K
EXPE icon
322
Expedia Group
EXPE
$37.5B
$9.56M 0.04%
37,364
+200
+0.5% +$47.5K
CNC icon
323
Centene
CNC
$31.7B
$9.56M 0.04%
148,927
+8,600
+6% +$460K
BIIB icon
324
Biogen
BIIB
$30.8B
$9.42M 0.04%
43,603
+600
+1% +$115K
KVUE icon
325
Kenvue
KVUE
$37.5B
$9.4M 0.04%
491,639
-8,900
-2% -$157K
11 12
13
14 15

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.