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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
FOXA icon
576
Fox Class A
FOXA
$24.3B
$3.16M 0.01%
60,512
+300
+0.5% +$18.5K
ABCL icon
577
AbCellera Biologics
ABCL
$1.8B
$3.14M 0.01%
400,000
– –
ALLE icon
578
Allegion
ALLE
$14.2B
$3.09M 0.01%
22,028
-400
-2% -$54.4K
SJM icon
579
J.M. Smucker
SJM
$12.7B
$3.08M 0.01%
27,339
-500
-2% -$50.9K
UNM icon
580
Unum
UNM
$14.1B
$3.08M 0.01%
34,400
-2,300
-6% -$191K
EVR icon
581
Evercore
EVR
$12.4B
$3.07M 0.01%
9,005
-300
-3% -$103K
TRMB icon
582
Trimble
TRMB
$13.6B
$3.06M 0.01%
59,723
-2,400
-4% -$142K
DT icon
583
Dynatrace
DT
$14.8B
$3.03M 0.01%
68,900
-2,900
-4% -$113K
UDR icon
584
UDR
UDR
$12.4B
$3.02M 0.01%
75,745
-2,800
-4% -$104K
FNF icon
585
Fidelity National Financial
FNF
$13.7B
$3.01M 0.01%
63,900
-1,400
-2% -$67.8K
ALLY icon
586
Ally Financial
ALLY
$13.6B
$3M 0.01%
65,200
-2,400
-4% -$104K
IVZ icon
587
Invesco
IVZ
$14.2B
$3M 0.01%
113,498
-2,500
-2% -$66.3K
OC icon
588
Owens Corning
OC
$12.6B
$2.99M 0.01%
18,808
-1,000
-5% -$122K
SFIX
589
Stitch Fix
SFIX
$554M
$2.99M 0.01%
726,983
– –
DOCN icon
590
DigitalOcean
DOCN
$14.6B
$2.98M 0.01%
+19,000
New +$2.57M
CNH
591
CNH Industrial
CNH
$13.6B
$2.97M 0.01%
264,900
+4,300
+2% +$45.8K
TXRH icon
592
Texas Roadhouse
TXRH
$13.7B
$2.97M 0.01%
15,378
-500
-3% -$85.2K
KNX icon
593
Knight Transportation
KNX
$11.6B
$2.96M 0.01%
38,027
-1,000
-3% -$69.3K
CLX icon
594
Clorox
CLX
$12.7B
$2.95M 0.01%
30,951
-600
-2% -$57.6K
APA icon
595
APA Corp
APA
$12.4B
$2.95M 0.01%
90,473
-2,200
-2% -$82.6K
CPT icon
596
Camden Property Trust
CPT
$11B
$2.94M 0.01%
25,700
-1,300
-5% -$139K
ELS icon
597
Equity Lifestyle Properties
ELS
$12.6B
$2.93M 0.01%
45,400
-1,200
-3% -$75.8K
PEN icon
598
Penumbra
PEN
$12.7B
$2.91M 0.01%
9,214
-200
-2% -$64.8K
AIT icon
599
Applied Industrial Technologies
AIT
$13.2B
$2.91M 0.01%
8,600
-400
-4% -$123K
SOLV icon
600
Solventum
SOLV
$14.9B
$2.9M 0.01%
37,651
-4,000
-10% -$292K
22 23
24
25 26

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.