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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
WBS icon
601
Webster Financial
WBS
$12.8B
$2.9M 0.01%
37,944
-900
-2% -$65.5K
EQH icon
602
Equitable Holdings
EQH
$14B
$2.89M 0.01%
65,800
-6,486
-9% -$271K
CCK icon
603
Crown Holdings
CCK
$13.3B
$2.88M 0.01%
25,800
-1,200
-4% -$121K
ALGN icon
604
Align Technology
ALGN
$12.5B
$2.88M 0.01%
17,100
-300
-2% -$52.1K
GDDY icon
605
GoDaddy
GDDY
$11.6B
$2.88M 0.01%
33,900
-1,400
-4% -$118K
ELAN icon
606
Elanco Animal Health
ELAN
$13.1B
$2.87M 0.01%
116,800
-2,800
-2% -$64.7K
SPXC icon
607
SPX Corp
SPXC
$10.8B
$2.87M 0.01%
11,700
-300
-3% -$65.6K
FHN icon
608
First Horizon
FHN
$12.4B
$2.84M 0.01%
110,956
-5,800
-5% -$141K
MOG.A icon
609
Moog Inc Class A
MOG.A
$12.9B
$2.84M 0.01%
6,700
-100
-1% -$34.1K
TECH icon
610
Bio-Techne
TECH
$11.2B
$2.83M 0.01%
40,044
-700
-2% -$37.8K
HII icon
611
Huntington Ingalls Industries
HII
$12.5B
$2.83M 0.01%
10,106
-100
-1% -$33.4K
HAS icon
612
Hasbro
HAS
$12.9B
$2.83M 0.01%
34,212
-600
-2% -$54K
CGNX icon
613
Cognex
CGNX
$11.8B
$2.82M 0.01%
38,953
-900
-2% -$54.6K
BAX icon
614
Baxter International
BAX
$14.1B
$2.82M 0.01%
132,128
-2,300
-2% -$42.9K
MEDP icon
615
Medpace
MEDP
$16.4B
$2.81M 0.01%
5,299
-100
-2% -$46.2K
CRL icon
616
Charles River Laboratories
CRL
$12.6B
$2.8M 0.01%
12,330
-500
-4% -$89K
AAL icon
617
American Airlines Group
AAL
$11B
$2.8M 0.01%
154,700
-4,200
-3% -$56.2K
LFUS icon
618
Littelfuse
LFUS
$11.7B
$2.71M 0.01%
5,953
– –
CYTK icon
619
Cytokinetics
CYTK
$10.7B
$2.71M 0.01%
31,800
+2,400
+8% +$172K
PODD icon
620
Insulet
PODD
$9.23B
$2.69M 0.01%
17,700
-700
-4% -$117K
ARWR icon
621
Arrowhead Research
ARWR
$12.2B
$2.68M 0.01%
32,900
-800
-2% -$59.1K
AES icon
622
AES
AES
$10.5B
$2.68M 0.01%
182,595
-3,400
-2% -$49.4K
VMI icon
623
Valmont Industries
VMI
$9.58B
$2.65M 0.01%
4,588
-200
-4% -$101K
SAIA icon
624
Saia
SAIA
$9.52B
$2.65M 0.01%
6,286
-100
-2% -$43.9K
NYT icon
625
New York Times
NYT
$10.6B
$2.64M 0.01%
37,716
-1,200
-3% -$92.5K
23 24
25
26 27

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FAM
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BA
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Tiger Global Management
Tiger Global Management New York $22.8B AUM 30.07% 1-Year Est. Return
AM
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Capital Fund Management (CFM)
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CAM
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DSA
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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.