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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
CHTR icon
26
Charter Communications
CHTR
$17.3B
$152M 0.67%
1,070,397
+638,815
+148% +$107M
XOM icon
27
ExxonMobil
XOM
$644B
$151M 0.67%
1,106,818
+15,100
+1% +$2.26M
DUOL icon
28
Duolingo
DUOL
$6.28B
$150M 0.67%
1,306,107
+112,800
+9% +$12.3M
VRT icon
29
Vertiv
VRT
$93B
$137M 0.61%
410,590
+14,990
+4% +$4.75M
CSCO icon
30
Cisco
CSCO
$457B
$136M 0.6%
1,154,062
-69,300
-6% -$7.25M
WMT icon
31
Walmart Inc
WMT
$885B
$130M 0.58%
1,151,220
-20,300
-2% -$2.52M
CAT icon
32
Caterpillar
CAT
$375B
$126M 0.56%
117,972
-11,600
-9% -$10.2M
MA icon
33
Mastercard
MA
$502B
$122M 0.54%
237,681
-2,000
-0.8% -$997K
KLAC icon
34
KLA
KLAC
$239B
$114M 0.51%
378,480
-9,200
-2% -$1.83M
ABBV icon
35
AbbVie
ABBV
$443B
$114M 0.5%
452,408
-9,300
-2% -$2M
PLTR icon
36
Palantir
PLTR
$295B
$111M 0.49%
948,281
+71,581
+8% +$9.76M
COST icon
37
Costco
COST
$422B
$110M 0.49%
117,369
-2,300
-2% -$2.29M
BAC icon
38
Bank of America
BAC
$435B
$102M 0.45%
1,798,812
-49,200
-3% -$2.62M
GE icon
39
GE Aerospace
GE
$374B
$99.8M 0.44%
267,161
-6,800
-2% -$2.13M
UNH icon
40
UnitedHealth
UNH
$376B
$96.6M 0.43%
232,519
-48,900
-17% -$18.1M
ANET icon
41
Arista Networks
ANET
$227B
$96.3M 0.43%
566,692
+30,736
+6% +$4.83M
SECU
42
iShares Securitized Income Active ETF
SECU
$885M
$94.7M 0.42%
+1,900,000
New +$94.5M
IJH icon
43
iShares Core S&P Mid-Cap ETF
IJH
$122B
$92.1M 0.41%
1,194,710
+63,000
+6% +$4.62M
QUAL icon
44
iShares MSCI USA Quality Factor ETF
QUAL
$46.4B
$92.1M 0.41%
419,649
+95,100
+29% +$19.9M
PG icon
45
Procter & Gamble
PG
$336B
$90.1M 0.4%
614,537
-10,500
-2% -$1.53M
HD icon
46
Home Depot
HD
$331B
$89.9M 0.4%
254,984
-5,100
-2% -$1.66M
AGG icon
47
iShares Core US Aggregate Bond ETF
AGG
$137B
$89.1M 0.39%
+900,000
New +$89M
KBDC
48
Kayne Anderson BDC
KBDC
$882M
$88.8M 0.39%
6,566,762
– –
BRK.A icon
49
Berkshire Hathaway Class A
BRK.A
$1.1T
$86.9M 0.38%
116
– –
SNDK
50
Sandisk
SNDK
$180B
$86.2M 0.38%
37,901
-700
-2% -$999K
1
2
3 4 5

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
SAM
SEB Asset Management Stockholm $23.4B AUM

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.