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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
LII icon
451
Lennox International
LII
$15.6B
$5.27M 0.02%
9,200
-100
-1% -$50.9K
USFD icon
452
US Foods
USFD
$22B
$5.27M 0.02%
51,500
-1,600
-3% -$143K
TXT icon
453
Textron
TXT
$15.2B
$5.25M 0.02%
57,271
+1,500
+3% +$136K
DECK icon
454
Deckers Outdoor
DECK
$13.6B
$5.24M 0.02%
52,800
+3,000
+6% +$316K
FN icon
455
Fabrinet
FN
$19B
$5.11M 0.02%
9,100
+500
+6% +$322K
ESS icon
456
Essex Property Trust
ESS
$18.5B
$5.09M 0.02%
17,460
+600
+4% +$161K
RBA icon
457
RB Global
RBA
$17.9B
$5.08M 0.02%
43,600
-1,100
-2% -$116K
DD icon
458
DuPont de Nemours
DD
$19.7B
$5.07M 0.02%
37,397
+266
+0.7% +$37.8K
DOW icon
459
Dow Inc
DOW
$21.3B
$5.05M 0.02%
184,511
-2,900
-2% -$105K
LNT icon
460
Alliant Energy
LNT
$18.2B
$5.05M 0.02%
66,159
-1,000
-1% -$72.9K
EL icon
461
Estee Lauder
EL
$31.5B
$5M 0.02%
63,338
-1,200
-2% -$96.9K
STZ icon
462
Constellation Brands
STZ
$22.4B
$4.97M 0.02%
35,758
-900
-2% -$134K
GPN icon
463
Global Payments
GPN
$23.9B
$4.97M 0.02%
68,478
-1,400
-2% -$96.4K
BG icon
464
Bunge Global
BG
$20.6B
$4.96M 0.02%
46,500
-2,200
-5% -$270K
LSCC icon
465
Lattice Semiconductor
LSCC
$18.2B
$4.9M 0.02%
32,062
-900
-3% -$116K
ZBH icon
466
Zimmer Biomet
ZBH
$18.9B
$4.9M 0.02%
56,915
+1,300
+2% +$114K
INCY icon
467
Incyte
INCY
$24.5B
$4.87M 0.02%
42,959
-700
-2% -$69.4K
EFX icon
468
Equifax
EFX
$20.6B
$4.84M 0.02%
30,478
-1,000
-3% -$170K
SBAC icon
469
SBA Communications
SBAC
$18.5B
$4.79M 0.02%
27,142
-700
-3% -$144K
BRO icon
470
Brown & Brown
BRO
$23.8B
$4.79M 0.02%
74,651
-1,800
-2% -$110K
RBC icon
471
RBC Bearings
RBC
$18B
$4.77M 0.02%
7,400
-200
-3% -$119K
APTV icon
472
Aptiv
APTV
$9.93B
$4.76M 0.02%
77,549
+5,200
+7% +$318K
VTRS icon
473
Viatris
VTRS
$20.6B
$4.74M 0.02%
298,199
-2,700
-0.9% -$41.8K
CF icon
474
CF Industries
CF
$17.9B
$4.69M 0.02%
43,354
-600
-1% -$70.7K
SNX icon
475
TD Synnex
SNX
$20.9B
$4.68M 0.02%
17,521
-500
-3% -$120K
17 18
19
20 21

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.