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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
RRX icon
526
Regal Rexnord
RRX
$12.3B
$3.72M 0.02%
15,601
-400
-2% -$83.6K
TOL icon
527
Toll Brothers
TOL
$14.6B
$3.65M 0.02%
22,126
-700
-3% -$99.6K
TRU icon
528
TransUnion
TRU
$15.2B
$3.62M 0.02%
50,200
+3,900
+8% +$273K
GL icon
529
Globe Life
GL
$14.2B
$3.54M 0.02%
19,836
-1,000
-5% -$157K
JAZZ icon
530
Jazz Pharmaceuticals
JAZZ
$16.3B
$3.54M 0.02%
14,704
+100
+0.7% +$21.9K
DY icon
531
Dycom Industries
DY
$12.3B
$3.54M 0.02%
7,000
-200
-3% -$87.4K
SMTC icon
532
Semtech
SMTC
$11.6B
$3.53M 0.02%
+21,800
New +$2.85M
PTON icon
533
Peloton Interactive
PTON
$2.81B
$3.53M 0.02%
596,477
– –
LVS icon
534
Las Vegas Sands
LVS
$30.3B
$3.52M 0.02%
76,301
-2,700
-3% -$140K
DTM icon
535
DT Midstream
DTM
$13.6B
$3.5M 0.02%
23,855
-600
-2% -$84.9K
ARMK icon
536
Aramark
ARMK
$14.9B
$3.5M 0.02%
61,500
-1,700
-3% -$83.9K
DKS icon
537
Dick's Sporting Goods
DKS
$17.9B
$3.49M 0.02%
15,370
-600
-4% -$133K
RPM icon
538
RPM International
RPM
$14.8B
$3.48M 0.02%
31,318
-700
-2% -$73K
ROL icon
539
Rollins
ROL
$18B
$3.47M 0.02%
83,158
+100
+0.1% +$5.11K
PNR icon
540
Pentair
PNR
$11B
$3.47M 0.02%
45,264
+2,500
+6% +$198K
CLH icon
541
Clean Harbors
CLH
$16.2B
$3.47M 0.02%
11,607
-500
-4% -$148K
CSL icon
542
Carlisle Companies
CSL
$15.4B
$3.44M 0.02%
9,472
-1,100
-10% -$385K
WSO icon
543
Watsco Inc
WSO
$13.8B
$3.41M 0.02%
8,183
-200
-2% -$80.4K
AIZ icon
544
Assurant
AIZ
$14.8B
$3.4M 0.02%
12,667
-400
-3% -$97.4K
LECO icon
545
Lincoln Electric
LECO
$15.2B
$3.4M 0.02%
12,789
-500
-4% -$131K
OVV icon
546
Ovintiv
OVV
$16.3B
$3.39M 0.02%
64,400
-2,400
-4% -$137K
PR
547
Permian Resources
PR
$16.8B
$3.39M 0.02%
184,100
+5,900
+3% +$119K
ECHO
548
EchoStar
ECHO
$25.9B
$3.38M 0.02%
33,300
+600
+2% +$73.3K
REG icon
549
Regency Centers
REG
$14.4B
$3.37M 0.01%
42,204
-600
-1% -$47.1K
RMBS icon
550
Rambus
RMBS
$10.8B
$3.36M 0.01%
25,300
-600
-2% -$78K
20 21
22
23 24

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.