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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
TOL icon
526
Toll Brothers
TOL
$13.9B
$3.24M 0.02%
23,426
-500
-2% -$65.3K
REG icon
527
Regency Centers
REG
$14B
$3.22M 0.02%
44,204
-200
-0.5% -$14.3K
PSNL icon
528
Personalis
PSNL
$1.52B
$3.22M 0.02%
493,798
– –
BAX icon
529
Baxter International
BAX
$13.9B
$3.16M 0.02%
138,928
-600
-0.4% -$15.2K
SFIX
530
Stitch Fix
SFIX
$484M
$3.16M 0.02%
726,983
+400,000
+122% +$1.98M
SOLV icon
531
Solventum
SOLV
$14.6B
$3.14M 0.02%
43,051
+2,200
+5% +$161K
RGLD icon
532
Royal Gold
RGLD
$19.2B
$3.14M 0.02%
15,648
-200
-1% -$34.6K
GL icon
533
Globe Life
GL
$14B
$3.14M 0.02%
21,936
-500
-2% -$67.8K
NWSA icon
534
News Corp Class A
NWSA
$15.5B
$3.13M 0.02%
101,854
-700
-0.7% -$20.7K
VTRS icon
535
Viatris
VTRS
$18.7B
$3.12M 0.02%
315,299
-3,800
-1% -$37K
BMNR
536
BitMine Immersion Technologies
BMNR
$10.7B
$3.12M 0.02%
+60,000
New +$3.04M
MTZ icon
537
MasTec
MTZ
$23.3B
$3.12M 0.02%
14,639
-100
-0.7% -$18.3K
LECO icon
538
Lincoln Electric
LECO
$15.3B
$3.11M 0.01%
13,189
-200
-1% -$46.8K
SWK icon
539
Stanley Black & Decker
SWK
$15.4B
$3.11M 0.01%
41,831
-200
-0.5% -$14.7K
EVR icon
540
Evercore
EVR
$11.7B
$3.11M 0.01%
9,205
+600
+7% +$188K
JKHY icon
541
Jack Henry & Associates
JKHY
$10.8B
$3.1M 0.01%
20,816
-100
-0.5% -$16.6K
FN icon
542
Fabrinet
FN
$20.7B
$3.1M 0.01%
8,500
-100
-1% -$32.9K
SWKS icon
543
Skyworks Solutions
SWKS
$10.5B
$3.09M 0.01%
40,107
-700
-2% -$52.1K
DUOL icon
544
Duolingo
DUOL
$6.44B
$3.06M 0.01%
9,500
+100
+1% +$33.4K
HII icon
545
Huntington Ingalls Industries
HII
$12.8B
$3.05M 0.01%
10,606
– –
EHC icon
546
Encompass Health
EHC
$12.2B
$3.04M 0.01%
23,945
-300
-1% -$35.7K
UDR icon
547
UDR
UDR
$12.1B
$3.04M 0.01%
81,545
-400
-0.5% -$15.6K
APG icon
548
APi Group
APG
$18.8B
$3.03M 0.01%
88,150
+1,600
+2% +$55.8K
RGA icon
549
Reinsurance Group of America
RGA
$16.2B
$3.03M 0.01%
15,752
-100
-0.6% -$19.1K
SNX icon
550
TD Synnex
SNX
$20.6B
$2.98M 0.01%
18,221
+300
+2% +$44.2K
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
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
Jacobs Levy Equity Management Florham Park, New Jersey $23.8B AUM 25.4% 1-Year Est. Return
Teacher Retirement System of Texas
Teacher Retirement System of Texas Austin, Texas $24B AUM 29.51% 1-Year Est. Return

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.