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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
+9.85%
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
$20.8B
AUM Growth
+$1.49B
Cap. Flow
-$10.1M
Cap. Flow %
-0.05%
Top 10 Hldgs %
37.6%
Holding
964
New
20
Increased
152
Reduced
703
Closed
20

Top Buys

Rank Stock Value
1
HIMS icon
Hims & Hers Health
HIMS
+$34.8M
2
APP icon
Applovin
APP
+$33.8M
3
OSCR icon
Oscar Health
OSCR
+$23.9M
4
HOOD icon
Robinhood
HOOD
+$22.8M
5
KR icon
Kroger
KR
+$20.7M

Top Sells

Rank Stock Value
1
BIIB icon
Biogen
BIIB
+$33.5M
2
GEHC icon
GE HealthCare
GEHC
+$29.2M
3
BURL icon
Burlington
BURL
+$28.6M
4
VZ icon
Verizon
VZ
+$21.9M
5
ARM icon
Arm
ARM
+$20.7M

Sector Composition

Rank Sector Weight
1 Technology 32.79%
2 Financials 11.65%
3 Communication Services 10.3%
4 Consumer Discretionary 9.76%
5 Healthcare 8.41%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
GGG icon
501
Graco
GGG
$13.3B
$3.57M 0.02%
42,064
-700
-2% -$59.9K
AVY icon
502
Avery Dennison
AVY
$13.5B
$3.55M 0.02%
21,887
-200
-0.9% -$34.5K
DKS icon
503
Dick's Sporting Goods
DKS
$18.1B
$3.55M 0.02%
15,970
+2,400
+18% +$522K
AKAM icon
504
Akamai
AKAM
$17.9B
$3.54M 0.02%
46,789
-1,000
-2% -$77.1K
UHS icon
505
Universal Health Services
UHS
$10.1B
$3.51M 0.02%
17,174
-300
-2% -$54K
RS icon
506
Reliance Steel & Aluminium
RS
$21.8B
$3.51M 0.02%
12,497
-100
-0.8% -$30K
EWBC icon
507
East-West Bancorp
EWBC
$18.6B
$3.49M 0.02%
32,822
-300
-0.9% -$31.6K
ARE icon
508
Alexandria Real Estate Equities
ARE
$8.33B
$3.49M 0.02%
41,818
– –
DT icon
509
Dynatrace
DT
$14.2B
$3.48M 0.02%
71,800
-300
-0.4% -$15.2K
ILMN icon
510
Illumina
ILMN
$28.9B
$3.48M 0.02%
36,600
-1,500
-4% -$149K
DOCU
511
DocuSign
DOCU
$11.4B
$3.47M 0.02%
48,100
-600
-1% -$46.2K
CPT icon
512
Camden Property Trust
CPT
$11.1B
$3.44M 0.02%
32,200
-200
-0.6% -$22K
OC icon
513
Owens Corning
OC
$12.4B
$3.41M 0.02%
24,088
-500
-2% -$73.4K
NLY icon
514
Annaly Capital Management
NLY
$17.6B
$3.38M 0.02%
167,131
+7,400
+5% +$153K
JLL icon
515
Jones Lang LaSalle
JLL
$16.8B
$3.37M 0.02%
11,311
-100
-0.9% -$28.6K
GLPI icon
516
Gaming and Leisure Properties
GLPI
$12.7B
$3.36M 0.02%
72,000
+1,300
+2% +$61.3K
WSO icon
517
Watsco Inc
WSO
$12.9B
$3.35M 0.02%
8,283
-100
-1% -$42.8K
CSL icon
518
Carlisle Companies
CSL
$14.9B
$3.35M 0.02%
10,172
-200
-2% -$76.3K
ENTG icon
519
Entegris
ENTG
$25.2B
$3.34M 0.02%
36,100
-300
-0.8% -$25.5K
IEX icon
520
IDEX
IEX
$17.6B
$3.32M 0.02%
20,380
-200
-1% -$33.8K
ITT icon
521
ITT
ITT
$19.3B
$3.31M 0.02%
18,529
-400
-2% -$67.1K
NBIX icon
522
Neurocrine Biosciences
NBIX
$15.4B
$3.31M 0.02%
23,581
-200
-0.8% -$27.1K
NDSN icon
523
Nordson
NDSN
$17.2B
$3.3M 0.02%
14,551
-200
-1% -$44.1K
RL icon
524
Ralph Lauren
RL
$23B
$3.29M 0.02%
10,480
-400
-4% -$119K
POOL icon
525
Pool Corp
POOL
$7.26B
$3.25M 0.02%
10,489
-1,300
-11% -$407K
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
CAM
Cresset Asset Management Chicago, Illinois $23.1B AUM 27.04% 1-Year Est. Return
CHP
Castle Hook Partners New York $23.4B AUM 158.96% 1-Year Est. Return
OAG
Orbis Allan Gray Hamilton, Bermuda $23.7B AUM 65.43% 1-Year Est. Return
Jacobs Levy Equity Management
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Teacher Retirement System of Texas
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State of Michigan Retirement System's Q3 2025 Portfolio in Review

As of Q3 2025, State of Michigan Retirement System held 964 positions worth $20.8B, up 7.7% from $19.3B the previous quarter. Its ten largest holdings account for 38% of the portfolio.

Trading was light in Q3 2025: portfolio turnover was 4.1%. State of Michigan Retirement System opened 20 new positions and exited 20, leaving the 964-position portfolio largely intact.

By sector, the portfolio is most concentrated in Technology at 33% of assets, up from 31% a quarter earlier, followed by Financials and Communication Services.

  • State of Michigan Retirement System's largest Q3 2025 buy was Oscar Health: 1,450,000 shares worth $27.4M.
  • State of Michigan Retirement System added most to Hims & Hers Health in Q3 2025, an estimated $34.8M increase.
  • State of Michigan Retirement System's biggest Q3 2025 reduction was Biogen, cutting an estimated $33.5M.
  • State of Michigan Retirement System fully exited Arm in Q3 2025, selling an estimated $20.7M.
  • State of Michigan Retirement System's ten largest holdings make up 38% of its $20.8B portfolio in Q3 2025.
  • State of Michigan Retirement System opened 20 new positions and closed 20 in Q3 2025.
  • State of Michigan Retirement System's portfolio value rose 7.7% quarter-over-quarter to $20.8B.

Based on State of Michigan Retirement System's 13F filing for Q3 2025, filed 5 Nov 2025.