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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
KMB icon
326
Kimberly-Clark
KMB
$37B
$9.33M 0.04%
85,016
-1,700
-2% -$168K
WSM icon
327
Williams-Sonoma
WSM
$29.3B
$9.3M 0.04%
39,900
-600
-1% -$119K
NU icon
328
Nu Holdings
NU
$69.2B
$9.26M 0.04%
692,800
+152,000
+28% +$2.05M
AEE icon
329
Ameren
AEE
$30.3B
$9.14M 0.04%
80,887
+8,700
+12% +$961K
EQT icon
330
EQT Corp
EQT
$33B
$9.12M 0.04%
171,500
+8,500
+5% +$477K
NDAQ icon
331
Nasdaq
NDAQ
$52.3B
$9.02M 0.04%
114,390
-2,900
-2% -$254K
PAYX icon
332
Paychex
PAYX
$42.2B
$8.93M 0.04%
90,777
-300
-0.3% -$28.4K
MLM icon
333
Martin Marietta Materials
MLM
$33.4B
$8.84M 0.04%
15,337
-400
-3% -$237K
TDY icon
334
Teledyne Technologies
TDY
$31.7B
$8.78M 0.04%
13,169
-500
-4% -$315K
ATO icon
335
Atmos Energy
ATO
$28.8B
$8.77M 0.04%
50,910
-10,300
-17% -$1.84M
Q
336
Qnity Electronics Inc
Q
$29.7B
$8.76M 0.04%
53,647
-1,100
-2% -$162K
IQV icon
337
IQVIA
IQV
$37.6B
$8.62M 0.04%
44,590
+296
+0.7% +$51.6K
TWLO icon
338
Twilio
TWLO
$29.5B
$8.56M 0.04%
41,500
-2,600
-6% -$461K
EIX icon
339
Edison International
EIX
$27.2B
$8.5M 0.04%
114,112
-400
-0.3% -$28.5K
CCI icon
340
Crown Castle
CCI
$33.9B
$8.46M 0.04%
111,752
-2,000
-2% -$176K
CFG icon
341
Citizens Financial Group
CFG
$31.1B
$8.31M 0.04%
118,573
-3,400
-3% -$219K
NTRS icon
342
Northern Trust
NTRS
$33.4B
$8.24M 0.04%
47,413
-1,300
-3% -$214K
TOST icon
343
Toast
TOST
$19.6B
$8.15M 0.04%
292,900
+109,900
+60% +$2.87M
DTE icon
344
DTE Energy
DTE
$29.5B
$8.12M 0.04%
53,277
-1,000
-2% -$146K
FSLR icon
345
First Solar
FSLR
$26.2B
$8.12M 0.04%
34,400
-1,100
-3% -$258K
VICI icon
346
VICI Properties
VICI
$29.3B
$8.1M 0.04%
305,200
-9,400
-3% -$263K
STLD icon
347
Steel Dynamics
STLD
$38B
$7.96M 0.04%
34,700
-3,660
-10% -$857K
NRG icon
348
NRG Energy
NRG
$24.7B
$7.9M 0.04%
54,066
-1,400
-3% -$202K
EXR icon
349
Extra Space Storage
EXR
$31.7B
$7.86M 0.03%
54,079
-1,400
-3% -$200K
KHC icon
350
Kraft Heinz
KHC
$31.6B
$7.78M 0.03%
329,539
+13,100
+4% +$302K
12 13
14
15 16

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.