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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
RJF icon
376
Raymond James Financial
RJF
$34.3B
$7.03M 0.03%
46,244
-1,500
-3% -$228K
PPL
377
PPL Corp
PPL
$26.5B
$7M 0.03%
192,586
-700
-0.4% -$25.9K
WDAY icon
378
Workday
WDAY
$42.3B
$6.98M 0.03%
57,000
+1,400
+3% +$177K
DXCM icon
379
DexCom
DXCM
$32.8B
$6.96M 0.03%
103,400
+2,900
+3% +$193K
SW
380
Smurfit Westrock
SW
$25.4B
$6.92M 0.03%
149,564
+2,900
+2% +$120K
PPG icon
381
PPG Industries
PPG
$26.2B
$6.92M 0.03%
57,043
-3,600
-6% -$401K
TPL icon
382
Texas Pacific Land
TPL
$27.3B
$6.91M 0.03%
15,800
-3,800
-19% -$1.54M
HSY icon
383
Hershey
HSY
$36B
$6.83M 0.03%
38,934
-700
-2% -$132K
VEEV icon
384
Veeva Systems
VEEV
$34.4B
$6.81M 0.03%
38,400
+37,000
+2,643% +$6.1M
CBOE icon
385
Cboe Global Markets
CBOE
$30.1B
$6.8M 0.03%
28,003
-500
-2% -$153K
EQR icon
386
Equity Residential
EQR
$25.4B
$6.73M 0.03%
99,125
+4,700
+5% +$304K
WST icon
387
West Pharmaceutical
WST
$24.5B
$6.73M 0.03%
18,756
-700
-4% -$214K
MTD icon
388
Mettler-Toledo International
MTD
$28.8B
$6.64M 0.03%
5,196
-100
-2% -$121K
PSNL icon
389
Personalis
PSNL
$1.44B
$6.62M 0.03%
493,798
– –
LEN icon
390
Lennar Class A
LEN
$21B
$6.59M 0.03%
72,815
-1,200
-2% -$107K
CW icon
391
Curtiss-Wright
CW
$28B
$6.56M 0.03%
8,661
-200
-2% -$147K
WTW icon
392
Willis Towers Watson
WTW
$31.5B
$6.56M 0.03%
25,092
-600
-2% -$161K
HPQ icon
393
HP
HPQ
$26.4B
$6.56M 0.03%
298,862
-12,700
-4% -$281K
TROW icon
394
T. Rowe Price
TROW
$24.7B
$6.52M 0.03%
57,313
-2,400
-4% -$245K
DG icon
395
Dollar General
DG
$28.1B
$6.49M 0.03%
56,354
-1,100
-2% -$125K
DLTR icon
396
Dollar Tree
DLTR
$25.1B
$6.47M 0.03%
53,469
-500
-0.9% -$52K
LH icon
397
Labcorp
LH
$25.3B
$6.46M 0.03%
23,087
-200
-0.9% -$52.6K
NVR icon
398
NVR
NVR
$16.8B
$6.45M 0.03%
946
– –
LUV icon
399
Southwest Airlines
LUV
$23.8B
$6.43M 0.03%
125,103
-3,200
-2% -$134K
ULTA icon
400
Ulta Beauty
ULTA
$23.4B
$6.43M 0.03%
14,253
+100
+0.7% +$50.8K
14 15
16
17 18

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.