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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
PTC icon
551
PTC
PTC
$15.2B
$3.36M 0.01%
29,554
-1,500
-5% -$203K
JLL icon
552
Jones Lang LaSalle
JLL
$17B
$3.35M 0.01%
10,811
-500
-4% -$155K
OHI icon
553
Omega Healthcare
OHI
$14.5B
$3.32M 0.01%
69,663
-1,500
-2% -$69.5K
AEIS icon
554
Advanced Energy
AEIS
$13.5B
$3.32M 0.01%
8,900
-200
-2% -$69.9K
PNW icon
555
Pinnacle West Capital
PNW
$12.3B
$3.29M 0.01%
30,761
-500
-2% -$51.1K
SOLS
556
Solstice Advanced Materials
SOLS
$10B
$3.29M 0.01%
37,100
-1,100
-3% -$90.7K
MKC icon
557
McCormick & Company Non-Voting
MKC
$14.1B
$3.28M 0.01%
65,010
-1,200
-2% -$58.9K
ASML icon
558
ASML
ASML
$650B
$3.27M 0.01%
+1,646
New +$2.62M
GLPI icon
559
Gaming and Leisure Properties
GLPI
$12.4B
$3.27M 0.01%
73,500
-1,200
-2% -$56.1K
RGA icon
560
Reinsurance Group of America
RGA
$15.5B
$3.26M 0.01%
15,352
-500
-3% -$104K
TKO icon
561
TKO Group
TKO
$13.7B
$3.24M 0.01%
16,100
-1,200
-7% -$234K
AA icon
562
Alcoa
AA
$12.6B
$3.22M 0.01%
61,675
-600
-1% -$40.2K
ZBRA icon
563
Zebra Technologies
ZBRA
$17.8B
$3.21M 0.01%
12,191
-1,600
-12% -$376K
CSGP icon
564
CoStar Group
CSGP
$12.2B
$3.21M 0.01%
113,300
-3,200
-3% -$110K
EXEL icon
565
Exelixis
EXEL
$14.3B
$3.2M 0.01%
58,816
-3,700
-6% -$180K
BWA icon
566
BorgWarner
BWA
$13.9B
$3.19M 0.01%
48,000
-1,800
-4% -$114K
MLI icon
567
Mueller Industries
MLI
$15.2B
$3.18M 0.01%
51,800
-1,600
-3% -$105K
AVY icon
568
Avery Dennison
AVY
$13.3B
$3.18M 0.01%
19,587
-1,400
-7% -$228K
RVTY icon
569
Revvity
RVTY
$12.8B
$3.18M 0.01%
28,538
-1,100
-4% -$106K
GGG icon
570
Graco
GGG
$13.3B
$3.17M 0.01%
41,964
-1,000
-2% -$78.9K
LAMR icon
571
Lamar Advertising Co
LAMR
$15.9B
$3.17M 0.01%
20,338
-600
-3% -$86.8K
TYL icon
572
Tyler Technologies
TYL
$12.5B
$3.17M 0.01%
10,837
-400
-4% -$126K
SANM icon
573
Sanmina
SANM
$10.9B
$3.16M 0.01%
+12,500
New +$2.74M
NTNX icon
574
Nutanix
NTNX
$16.5B
$3.16M 0.01%
62,000
-3,100
-5% -$140K
RNR icon
575
RenaissanceRe
RNR
$13.4B
$3.16M 0.01%
9,965
-500
-5% -$150K
21 22
23
24 25

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.