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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
APA icon
626
APA Corp
APA
$13.9B
$2.35M 0.01%
96,773
-1,300
-1% -$27.4K
AR icon
627
Antero Resources
AR
$11.3B
$2.35M 0.01%
69,900
-300
-0.4% -$10K
ORI icon
628
Old Republic International
ORI
$10.3B
$2.31M 0.01%
54,478
-200
-0.4% -$7.71K
REXR icon
629
Rexford Industrial Realty
REXR
$8.22B
$2.31M 0.01%
56,182
-600
-1% -$23.5K
ERIE icon
630
Erie Indemnity
ERIE
$13.1B
$2.3M 0.01%
7,232
– –
MTCH icon
631
Match Group
MTCH
$8.39B
$2.3M 0.01%
65,053
-1,600
-2% -$57.1K
ALGN icon
632
Align Technology
ALGN
$12.4B
$2.28M 0.01%
18,200
-300
-2% -$47K
DCI icon
633
Donaldson
DCI
$11.1B
$2.27M 0.01%
27,758
-1,000
-3% -$75.4K
AOS icon
634
A.O. Smith
AOS
$8.44B
$2.27M 0.01%
30,933
-700
-2% -$50K
RRX icon
635
Regal Rexnord
RRX
$11.5B
$2.27M 0.01%
15,801
-100
-0.6% -$14.7K
EPAM icon
636
EPAM Systems
EPAM
$5.13B
$2.27M 0.01%
15,027
-400
-3% -$65.7K
KNSL icon
637
Kinsale Capital Group
KNSL
$8.5B
$2.23M 0.01%
5,245
-100
-2% -$45.3K
FYBR
638
DELISTED
Frontier Communications
FYBR
$2.23M 0.01%
59,600
+6,000
+11% +$222K
OGE icon
639
OGE Energy
OGE
$9.73B
$2.22M 0.01%
47,914
-500
-1% -$22.4K
NYT icon
640
New York Times
NYT
$10.3B
$2.22M 0.01%
38,616
-400
-1% -$22.8K
CUBE icon
641
CubeSmart
CUBE
$9.4B
$2.21M 0.01%
54,300
-500
-0.9% -$20.4K
LW icon
642
Lamb Weston
LW
$7.39B
$2.19M 0.01%
37,732
-600
-2% -$32.8K
CELH icon
643
Celsius Holdings
CELH
$7.1B
$2.19M 0.01%
38,100
+300
+0.8% +$15.7K
EGP icon
644
EastGroup Properties
EGP
$11B
$2.15M 0.01%
12,727
+100
+0.8% +$16.6K
CR icon
645
Crane Co
CR
$12.7B
$2.15M 0.01%
11,672
-100
-0.8% -$18.9K
CHWY icon
646
Chewy
CHWY
$9.05B
$2.15M 0.01%
53,100
+500
+1% +$19.3K
MP icon
647
MP Materials
MP
$9.8B
$2.15M 0.01%
+32,000
New +$2.01M
PRI icon
648
Primerica
PRI
$9.57B
$2.14M 0.01%
7,719
-200
-3% -$53.7K
WAL icon
649
Western Alliance Bancorporation
WAL
$9.03B
$2.14M 0.01%
24,700
-1,500
-6% -$127K
RRC icon
650
Range Resources
RRC
$9.29B
$2.13M 0.01%
56,686
-800
-1% -$28.6K
24 25
26
27 28

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.