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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
EMN icon
676
Eastman Chemical
EMN
$8.29B
$1.96M 0.01%
31,044
-200
-0.6% -$14K
HQY icon
677
HealthEquity
HQY
$8.82B
$1.95M 0.01%
20,622
-200
-1% -$18.8K
HRL icon
678
Hormel Foods
HRL
$13.4B
$1.95M 0.01%
78,775
-500
-0.6% -$13.8K
CFR icon
679
Cullen/Frost Bankers
CFR
$10.4B
$1.95M 0.01%
15,364
-100
-0.6% -$13K
LAD icon
680
Lithia Motors
LAD
$8.32B
$1.92M 0.01%
6,087
-200
-3% -$64.5K
BEN icon
681
Franklin Resources
BEN
$17.1B
$1.92M 0.01%
82,837
-1,500
-2% -$37.1K
NNN icon
682
NNN REIT
NNN
$8.79B
$1.91M 0.01%
44,984
-200
-0.4% -$8.49K
MGM icon
683
MGM Resorts International
MGM
$11.1B
$1.91M 0.01%
55,244
-1,000
-2% -$36.7K
SAIA icon
684
Saia
SAIA
$9.73B
$1.91M 0.01%
6,386
– –
MTSI icon
685
MACOM Technology Solutions
MTSI
$23.7B
$1.9M 0.01%
15,300
+1,000
+7% +$132K
SEIC icon
686
SEI Investments
SEIC
$12.7B
$1.9M 0.01%
22,388
-400
-2% -$35.5K
JAZZ icon
687
Jazz Pharmaceuticals
JAZZ
$16.2B
$1.9M 0.01%
14,404
-400
-3% -$48K
FND icon
688
Floor & Decor
FND
$6.32B
$1.89M 0.01%
25,600
-300
-1% -$24.6K
OLLI icon
689
Ollie's Bargain Outlet
OLLI
$4.73B
$1.88M 0.01%
14,603
-200
-1% -$26.5K
ADC icon
690
Agree Realty
ADC
$9.25B
$1.87M 0.01%
26,300
-100
-0.4% -$7.24K
ELF icon
691
e.l.f. Beauty
ELF
$5.47B
$1.87M 0.01%
14,100
+500
+4% +$61.7K
INGR icon
692
Ingredion
INGR
$6.54B
$1.87M 0.01%
15,288
-200
-1% -$25.8K
HSIC icon
693
Henry Schein
HSIC
$10.1B
$1.85M 0.01%
27,888
-5,200
-16% -$360K
R icon
694
Ryder
R
$10.1B
$1.84M 0.01%
9,730
-200
-2% -$36.1K
COLB icon
695
Columbia Banking Systems
COLB
$9.12B
$1.83M 0.01%
71,241
+20,700
+41% +$526K
MHK icon
696
Mohawk Industries
MHK
$9.27B
$1.82M 0.01%
14,145
– –
ONB icon
697
Old National Bancorp
ONB
$10.4B
$1.82M 0.01%
83,042
+4,800
+6% +$106K
KMX icon
698
CarMax
KMX
$8.33B
$1.82M 0.01%
40,548
-900
-2% -$53.7K
VMI icon
699
Valmont Industries
VMI
$9.52B
$1.82M 0.01%
4,688
-100
-2% -$36.4K
WTS icon
700
Watts Water Technologies
WTS
$12.9B
$1.81M 0.01%
6,495
-100
-2% -$26.8K
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
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
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

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.