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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
DOV icon
351
Dover
DOV
$28.3B
$7.74M 0.03%
34,523
-700
-2% -$153K
ES icon
352
Eversource Energy
ES
$27.3B
$7.72M 0.03%
106,833
– –
GNRC icon
353
Generac Holdings
GNRC
$12.8B
$7.59M 0.03%
25,916
+10,600
+69% +$2.65M
HAL icon
354
Halliburton
HAL
$26.6B
$7.57M 0.03%
223,022
-53,900
-19% -$2.11M
TPR icon
355
Tapestry
TPR
$32.2B
$7.57M 0.03%
51,699
-1,200
-2% -$172K
RMD icon
356
ResMed
RMD
$32.5B
$7.56M 0.03%
38,811
-800
-2% -$166K
CASY icon
357
Casey's General Stores
CASY
$31.6B
$7.55M 0.03%
9,500
+579
+6% +$466K
AWK icon
358
American Water Works
AWK
$26.7B
$7.5M 0.03%
56,997
+6,000
+12% +$771K
FFIV icon
359
F5
FFIV
$23.4B
$7.48M 0.03%
17,988
-900
-5% -$320K
IR icon
360
Ingersoll Rand
IR
$34.9B
$7.48M 0.03%
91,223
-1,800
-2% -$139K
GEHC icon
361
GE HealthCare
GEHC
$31.7B
$7.45M 0.03%
116,453
-2,600
-2% -$171K
LYV icon
362
Live Nation Entertainment
LYV
$42.8B
$7.42M 0.03%
40,511
-700
-2% -$115K
RF icon
363
Regions Financial
RF
$27.2B
$7.39M 0.03%
244,739
-500
-0.2% -$14K
CNP icon
364
CenterPoint Energy
CNP
$26.8B
$7.38M 0.03%
167,547
-3,000
-2% -$129K
FISV
365
Fiserv Inc
FISV
$28.9B
$7.37M 0.03%
150,234
-400
-0.3% -$22.4K
CINF icon
366
Cincinnati Financial
CINF
$27.3B
$7.33M 0.03%
39,606
-1,200
-3% -$199K
AVB icon
367
AvalonBay Communities
AVB
$27.1B
$7.23M 0.03%
38,311
-600
-2% -$108K
NET icon
368
Cloudflare
NET
$104B
$7.2M 0.03%
+29,354
New +$6.42M
XYL icon
369
Xylem
XYL
$28.5B
$7.2M 0.03%
60,875
-2,800
-4% -$323K
SYF icon
370
Synchrony
SYF
$25.8B
$7.16M 0.03%
94,140
-4,400
-4% -$323K
CRS icon
371
Carpenter Technology
CRS
$28.3B
$7.16M 0.03%
11,600
-400
-3% -$188K
HUBB icon
372
Hubbell
HUBB
$27.1B
$7.06M 0.03%
13,500
-400
-3% -$202K
FICO icon
373
Fair Isaac
FICO
$23.6B
$7.05M 0.03%
5,900
-300
-5% -$336K
MKSI icon
374
MKS Inc
MKSI
$21.1B
$7.05M 0.03%
15,840
-300
-2% -$93.9K
OTIS icon
375
Otis Worldwide
OTIS
$27.8B
$7.03M 0.03%
98,207
-3,300
-3% -$246K
13 14
15
16 17

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.