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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
FLS icon
676
Flowserve
FLS
$10.1B
$2.22M 0.01%
29,868
-700
-2% -$53.2K
TTC icon
677
Toro Company
TTC
$9.42B
$2.2M 0.01%
22,632
-800
-3% -$74.4K
GTLS
678
DELISTED
Chart Industries
GTLS
$2.19M 0.01%
10,500
-300
-3% -$62.3K
KTOS icon
679
Kratos Defense & Security Solutions
KTOS
$10.4B
$2.19M 0.01%
43,900
-500
-1% -$30.2K
ENSG icon
680
The Ensign Group
ENSG
$10.4B
$2.18M 0.01%
13,600
-300
-2% -$52.9K
COLB icon
681
Columbia Banking Systems
COLB
$8.87B
$2.17M 0.01%
67,741
-3,300
-5% -$98K
HALO icon
682
Halozyme
HALO
$9.91B
$2.17M 0.01%
27,738
-600
-2% -$40.9K
TKR icon
683
Timken Company
TKR
$9.13B
$2.15M 0.01%
14,823
-400
-3% -$48.1K
ORI icon
684
Old Republic International
ORI
$10.5B
$2.14M 0.01%
52,378
-2,400
-4% -$95.1K
BROS icon
685
Dutch Bros
BROS
$9.01B
$2.14M 0.01%
29,800
-800
-3% -$45.9K
BMNR
686
BitMine Immersion Technologies
BMNR
$11.1B
$2.14M 0.01%
160,712
+15,712
+11% +$304K
GME icon
687
GameStop
GME
$8.53B
$2.13M 0.01%
96,500
-2,700
-3% -$61.9K
CNM icon
688
Core & Main
CNM
$8.71B
$2.12M 0.01%
44,000
-1,400
-3% -$69.2K
ADC icon
689
Agree Realty
ADC
$9.46B
$2.12M 0.01%
28,000
-800
-3% -$60.6K
ARE icon
690
Alexandria Real Estate Equities
ARE
$8.73B
$2.11M 0.01%
40,018
-700
-2% -$33.5K
MUSA icon
691
Murphy USA
MUSA
$10.7B
$2.11M 0.01%
3,924
-100
-2% -$54.3K
CUBE icon
692
CubeSmart
CUBE
$9.5B
$2.11M 0.01%
53,000
-1,900
-3% -$75.6K
AMG icon
693
Affiliated Managers Group
AMG
$9.92B
$2.1M 0.01%
6,219
-500
-7% -$155K
ACM icon
694
Aecom
ACM
$9.63B
$2.1M 0.01%
30,076
-1,000
-3% -$76.5K
GMED icon
695
Globus Medical
GMED
$10.9B
$2.09M 0.01%
26,461
-300
-1% -$25.5K
VICR icon
696
Vicor
VICR
$10.1B
$2.09M 0.01%
5,500
– –
WYNN icon
697
Wynn Resorts
WYNN
$10.5B
$2.08M 0.01%
21,472
-600
-3% -$61.9K
ONB icon
698
Old National Bancorp
ONB
$10.3B
$2.08M 0.01%
80,442
-3,000
-4% -$72.1K
PRI icon
699
Primerica
PRI
$10B
$2.08M 0.01%
7,319
-400
-5% -$109K
HSIC icon
700
Henry Schein
HSIC
$10.2B
$2.07M 0.01%
24,788
-1,400
-5% -$107K
26 27
28
29 30

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.