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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
OMC icon
401
Omnicom Group
OMC
$21.7B
$6.42M 0.03%
88,182
-1,000
-1% -$75.3K
ENTG icon
402
Entegris
ENTG
$19.1B
$6.42M 0.03%
35,700
-900
-2% -$130K
NVT icon
403
nVent Electric
NVT
$25.8B
$6.41M 0.03%
37,806
-1,000
-3% -$156K
EXE
404
Expand Energy Corp
EXE
$21.9B
$6.41M 0.03%
70,300
+8,100
+13% +$769K
SNA icon
405
Snap-on
SNA
$21.2B
$6.37M 0.03%
15,822
+100
+0.6% +$37.8K
CTSH icon
406
Cognizant
CTSH
$24.9B
$6.34M 0.03%
163,823
+7,100
+5% +$374K
FE icon
407
FirstEnergy
FE
$28B
$6.34M 0.03%
133,344
-2,500
-2% -$119K
MRNA icon
408
Moderna
MRNA
$22B
$6.33M 0.03%
90,441
-400
-0.4% -$20.7K
ATI icon
409
ATI
ATI
$26.4B
$6.29M 0.03%
31,900
-800
-2% -$136K
ILMN icon
410
Illumina
ILMN
$29.9B
$6.22M 0.03%
35,400
-1,400
-4% -$205K
JBHT icon
411
JB Hunt Transport Services
JBHT
$25.1B
$6.22M 0.03%
21,495
– –
FTI icon
412
TechnipFMC
FTI
$27.1B
$6.18M 0.03%
93,200
-4,100
-4% -$290K
UTHR icon
413
United Therapeutics
UTHR
$21.9B
$6.14M 0.03%
11,332
-400
-3% -$225K
OKTA icon
414
Okta
OKTA
$24.6B
$6.1M 0.03%
44,700
+900
+2% +$84.6K
EXPD icon
415
Expeditors International
EXPD
$22.3B
$6.08M 0.03%
37,308
-800
-2% -$124K
CMS icon
416
CMS Energy
CMS
$22.5B
$6.05M 0.03%
79,099
-900
-1% -$67.5K
STRL icon
417
Sterling Infrastructure
STRL
$18.8B
$6.04M 0.03%
7,200
-200
-3% -$140K
DRI icon
418
Darden Restaurants
DRI
$23.6B
$6.04M 0.03%
29,312
-800
-3% -$160K
VRSK icon
419
Verisk Analytics
VRSK
$25.1B
$6.02M 0.03%
33,556
-2,900
-8% -$511K
CHD icon
420
Church & Dwight Co
CHD
$23.7B
$6.02M 0.03%
62,151
+300
+0.5% +$28.7K
ARES icon
421
Ares Management
ARES
$31.3B
$6.01M 0.03%
54,000
+200
+0.4% +$24K
MTZ icon
422
MasTec
MTZ
$21B
$6.01M 0.03%
14,439
-300
-2% -$115K
DGX icon
423
Quest Diagnostics
DGX
$25.6B
$6M 0.03%
28,321
-400
-1% -$78.5K
BBY icon
424
Best Buy
BBY
$18B
$5.97M 0.03%
78,703
+4,300
+6% +$286K
WWD icon
425
Woodward
WWD
$21.5B
$5.92M 0.03%
13,910
-400
-3% -$152K
15 16
17
18 19

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.