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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
ITT icon
501
ITT
ITT
$18.3B
$4.14M 0.02%
20,929
+200
+1% +$40.4K
NXT icon
502
Nextpower Inc
NXT
$15B
$4.13M 0.02%
34,700
-1,000
-3% -$123K
EWBC icon
503
East-West Bancorp
EWBC
$18.3B
$4.13M 0.02%
32,022
-1,100
-3% -$135K
PFGC icon
504
Performance Food Group
PFGC
$17.6B
$4.1M 0.02%
36,703
-1,100
-3% -$105K
NDSN icon
505
Nordson
NDSN
$17.3B
$4.09M 0.02%
13,551
-300
-2% -$85.1K
ALB icon
506
Albemarle
ALB
$14.2B
$4.08M 0.02%
30,207
-600
-2% -$106K
TLN
507
Talen Energy Corp
TLN
$16B
$4.07M 0.02%
10,600
-400
-4% -$147K
BR icon
508
Broadridge
BR
$18.8B
$4.06M 0.02%
29,660
-800
-3% -$121K
RL icon
509
Ralph Lauren
RL
$22.9B
$3.97M 0.02%
9,880
-200
-2% -$74.4K
NBIX icon
510
Neurocrine Biosciences
NBIX
$16.5B
$3.96M 0.02%
23,481
-700
-3% -$104K
LDOS icon
511
Leidos
LDOS
$16.2B
$3.94M 0.02%
38,292
+900
+2% +$120K
WCC
512
WESCO International
WCC
$18.4B
$3.94M 0.02%
11,400
-300
-3% -$102K
SITM icon
513
SiTime
SITM
$16.6B
$3.88M 0.02%
5,200
-100
-2% -$63.1K
COO icon
514
Cooper Companies
COO
$14.5B
$3.87M 0.02%
53,944
+2,700
+5% +$177K
HST icon
515
Host Hotels & Resorts
HST
$17.3B
$3.87M 0.02%
163,129
-3,900
-2% -$87.1K
SGI
516
Somnigroup International
SGI
$14.7B
$3.86M 0.02%
49,238
-1,300
-3% -$95.3K
APG icon
517
APi Group
APG
$18B
$3.82M 0.02%
90,150
-2,200
-2% -$96.1K
PNFP icon
518
Pinnacle Financial Partners Inc
PNFP
$16.3B
$3.81M 0.02%
37,806
+1,600
+4% +$154K
J icon
519
Jacobs Solutions
J
$16.9B
$3.81M 0.02%
30,199
-500
-2% -$61.5K
RGLD icon
520
Royal Gold
RGLD
$18.3B
$3.8M 0.02%
19,048
-400
-2% -$93K
LYB icon
521
LyondellBasell Industries
LYB
$19.3B
$3.78M 0.02%
71,765
-2,200
-3% -$152K
THC icon
522
Tenet Healthcare
THC
$21.1B
$3.78M 0.02%
20,193
-1,000
-5% -$184K
DOC icon
523
Healthpeak Properties
DOC
$15B
$3.78M 0.02%
176,493
-5,100
-3% -$95.2K
SWK icon
524
Stanley Black & Decker
SWK
$15.6B
$3.74M 0.02%
39,731
-700
-2% -$54.8K
ROIV icon
525
Roivant Sciences
ROIV
$25.1B
$3.73M 0.02%
105,500
-3,000
-3% -$88.7K
19 20
21
22 23

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.