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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
MOS icon
551
The Mosaic Company
MOS
$6.86B
$2.98M 0.01%
85,808
-500
-0.6% -$17.2K
PAYC icon
552
Paycom
PAYC
$9.55B
$2.97M 0.01%
14,273
– –
DAY
553
DELISTED
Dayforce
DAY
$2.97M 0.01%
43,110
– –
OHI icon
554
Omega Healthcare
OHI
$14B
$2.97M 0.01%
70,263
+700
+1% +$28.2K
AIZ icon
555
Assurant
AIZ
$13.9B
$2.96M 0.01%
13,667
-100
-0.7% -$20.3K
WTRG icon
556
Essential Utilities
WTRG
$11.5B
$2.96M 0.01%
74,171
+4,800
+7% +$183K
MANH icon
557
Manhattan Associates
MANH
$11.5B
$2.96M 0.01%
14,431
-200
-1% -$42.3K
HST icon
558
Host Hotels & Resorts
HST
$15.6B
$2.94M 0.01%
172,929
-15,700
-8% -$261K
BXP icon
559
Boston Properties
BXP
$11.1B
$2.94M 0.01%
39,557
– –
NCLH icon
560
Norwegian Cruise Line
NCLH
$8.87B
$2.94M 0.01%
119,279
– –
WYNN icon
561
Wynn Resorts
WYNN
$10.5B
$2.93M 0.01%
22,872
-1,100
-5% -$127K
BJ icon
562
BJs Wholesale Club
BJ
$12B
$2.93M 0.01%
31,415
-300
-0.9% -$30.7K
RBC icon
563
RBC Bearings
RBC
$17.6B
$2.93M 0.01%
7,500
– –
CRS icon
564
Carpenter Technology
CRS
$27B
$2.92M 0.01%
11,900
-100
-0.8% -$25.6K
MOH icon
565
Molina Healthcare
MOH
$10.7B
$2.91M 0.01%
15,232
-100
-0.7% -$18.4K
JBHT icon
566
JB Hunt Transport Services
JBHT
$26.5B
$2.91M 0.01%
21,695
-600
-3% -$86.3K
TAP icon
567
Molson Coors Class B
TAP
$7.84B
$2.91M 0.01%
64,302
-700
-1% -$34.6K
UNM icon
568
Unum
UNM
$14.7B
$2.9M 0.01%
37,300
-1,300
-3% -$97.4K
PNW icon
569
Pinnacle West Capital
PNW
$12.2B
$2.89M 0.01%
32,261
-200
-0.6% -$18K
RNR icon
570
RenaissanceRe
RNR
$13.3B
$2.84M 0.01%
11,165
-500
-4% -$121K
ELS icon
571
Equity Lifestyle Properties
ELS
$12.6B
$2.8M 0.01%
46,100
+100
+0.2% +$6.07K
CLH icon
572
Clean Harbors
CLH
$16.8B
$2.79M 0.01%
12,007
-100
-0.8% -$23.7K
SCI icon
573
Service Corp International
SCI
$11.3B
$2.78M 0.01%
33,362
-900
-3% -$71.8K
IVZ icon
574
Invesco
IVZ
$14.2B
$2.77M 0.01%
120,598
-900
-0.7% -$18.7K
IPG
575
DELISTED
Interpublic Group of Companies
IPG
$2.76M 0.01%
99,028
-1,500
-1% -$38.7K
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
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.