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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
PFG icon
426
Principal Financial Group
PFG
$24.6B
$5.9M 0.03%
54,780
-1,100
-2% -$112K
ETHE
427
Grayscale Ethereum Staking ETF Shares
ETHE
$1.52B
$5.87M 0.03%
460,000
– –
KEY icon
428
KeyCorp
KEY
$24.5B
$5.86M 0.03%
254,428
-9,600
-4% -$209K
ARKB icon
429
ARK 21Shares Bitcoin ETF
ARKB
$2.45B
$5.84M 0.03%
300,000
– –
NI icon
430
NiSource
NI
$21.3B
$5.84M 0.03%
122,769
-2,200
-2% -$104K
MTSI icon
431
MACOM Technology Solutions
MTSI
$19.5B
$5.82M 0.03%
15,300
-200
-1% -$66.3K
P
432
Everpure Inc
P
$26.6B
$5.81M 0.03%
73,800
-1,700
-2% -$125K
CHRW icon
433
C.H. Robinson
CHRW
$17.2B
$5.69M 0.03%
30,192
-800
-3% -$142K
XPO icon
434
XPO
XPO
$23.1B
$5.63M 0.02%
27,442
-700
-2% -$148K
CPAY icon
435
Corpay
CPAY
$25.2B
$5.59M 0.02%
16,784
-1,500
-8% -$498K
FTV icon
436
Fortive
FTV
$18B
$5.59M 0.02%
91,560
-1,600
-2% -$96K
IP icon
437
International Paper
IP
$21.9B
$5.59M 0.02%
146,696
+2,200
+2% +$75.4K
AMCR icon
438
Amcor
AMCR
$21.3B
$5.58M 0.02%
128,734
+3,100
+2% +$123K
VLTO icon
439
Veralto
VLTO
$23.1B
$5.57M 0.02%
62,848
-2,000
-3% -$174K
EVRG icon
440
Evergy
EVRG
$19.2B
$5.55M 0.02%
64,181
-2,200
-3% -$182K
IFF icon
441
International Flavors & Fragrances
IFF
$20.6B
$5.51M 0.02%
69,515
+100
+0.1% +$7.44K
TSN icon
442
Tyson Foods
TSN
$21B
$5.5M 0.02%
96,128
+600
+0.6% +$37.6K
WRB icon
443
W.R. Berkley
WRB
$26.8B
$5.47M 0.02%
77,619
-3,300
-4% -$221K
FIS icon
444
Fidelity National Information Services
FIS
$23.1B
$5.47M 0.02%
140,603
+5,300
+4% +$229K
PKG icon
445
Packaging Corp of America
PKG
$22.4B
$5.4M 0.02%
22,663
-1,600
-7% -$351K
FDXF
446
FedEx Freight
FDXF
$20.7B
$5.31M 0.02%
+35,183
New +$5.76M
STE icon
447
Steris
STE
$22.7B
$5.3M 0.02%
25,148
-500
-2% -$107K
L icon
448
Loews
L
$23.8B
$5.28M 0.02%
46,652
-900
-2% -$97.5K
VRSN icon
449
VeriSign
VRSN
$27B
$5.28M 0.02%
20,979
-600
-3% -$167K
GIS icon
450
General Mills
GIS
$19.2B
$5.27M 0.02%
151,502
+12,100
+9% +$418K
16 17
18
19 20

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.