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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
GWRE icon
651
Guidewire Software
GWRE
$13.3B
$2.44M 0.01%
19,800
-700
-3% -$93.3K
DCI icon
652
Donaldson
DCI
$11.3B
$2.43M 0.01%
27,058
-700
-3% -$60.2K
HL icon
653
Hecla Mining
HL
$11.1B
$2.42M 0.01%
156,900
-4,400
-3% -$77.3K
AR icon
654
Antero Resources
AR
$10.6B
$2.42M 0.01%
68,800
-1,700
-2% -$62.6K
UMBF icon
655
UMB Financial
UMBF
$11.2B
$2.39M 0.01%
16,741
-400
-2% -$51.4K
R icon
656
Ryder
R
$10.2B
$2.38M 0.01%
9,030
-500
-5% -$122K
ZION icon
657
Zions Bancorporation
ZION
$10.5B
$2.38M 0.01%
34,400
-1,100
-3% -$69.4K
CACI icon
658
CACI
CACI
$11.4B
$2.37M 0.01%
5,121
-200
-4% -$102K
PINS icon
659
Pinterest
PINS
$13.1B
$2.37M 0.01%
112,700
-28,200
-20% -$567K
AHR icon
660
American Healthcare REIT
AHR
$10.7B
$2.35M 0.01%
45,100
+2,400
+6% +$118K
OGE icon
661
OGE Energy
OGE
$9.71B
$2.35M 0.01%
48,314
-1,100
-2% -$52.6K
EHC icon
662
Encompass Health
EHC
$11B
$2.35M 0.01%
23,245
-1,000
-4% -$104K
MGM icon
663
MGM Resorts International
MGM
$11.4B
$2.35M 0.01%
49,144
-1,000
-2% -$41.6K
DPZ icon
664
Domino's
DPZ
$12.1B
$2.33M 0.01%
7,880
-200
-2% -$65.8K
BLD
665
DELISTED
TopBuild
BLD
$2.32M 0.01%
6,557
-200
-3% -$82.5K
FIVE icon
666
Five Below
FIVE
$12.4B
$2.32M 0.01%
12,922
-400
-3% -$86.1K
NWSA icon
667
News Corp Class A
NWSA
$15.7B
$2.32M 0.01%
93,454
-3,300
-3% -$85.5K
AMKR icon
668
Amkor Technology
AMKR
$13.4B
$2.3M 0.01%
26,649
-700
-3% -$49.9K
SSB icon
669
SouthState Bank Corp
SSB
$10.6B
$2.28M 0.01%
22,800
-1,100
-5% -$106K
CFR icon
670
Cullen/Frost Bankers
CFR
$10.3B
$2.27M 0.01%
14,664
-500
-3% -$71K
BRX icon
671
Brixmor Property Group
BRX
$9.49B
$2.26M 0.01%
71,807
-2,000
-3% -$61K
AFG icon
672
American Financial Group
AFG
$12.2B
$2.25M 0.01%
16,110
-1,200
-7% -$159K
OSK icon
673
Oshkosh
OSK
$9.43B
$2.24M 0.01%
14,608
-600
-4% -$84.5K
CTRE icon
674
CareTrust REIT
CTRE
$9.72B
$2.23M 0.01%
55,300
+1,500
+3% +$58.9K
IT icon
675
Gartner
IT
$12.5B
$2.22M 0.01%
17,147
-3,200
-16% -$482K
25 26
27
28 29

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.