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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
NNN icon
701
NNN REIT
NNN
$9.01B
$2.07M 0.01%
44,484
-1,200
-3% -$53.6K
RRC icon
702
Range Resources
RRC
$8.91B
$2.05M 0.01%
55,086
-1,900
-3% -$77.2K
DAR icon
703
Darling Ingredients
DAR
$9.19B
$2.03M 0.01%
37,174
-900
-2% -$53.7K
UHS icon
704
Universal Health Services
UHS
$10.4B
$2.03M 0.01%
13,640
-2,734
-17% -$444K
ALGM icon
705
Allegro MicroSystems
ALGM
$7.79B
$2.02M 0.01%
29,000
-900
-3% -$42.1K
AAON icon
706
Aaon
AAON
$7.63B
$2.02M 0.01%
15,900
-400
-2% -$46.8K
DOCU
707
DocuSign
DOCU
$11B
$2.02M 0.01%
45,400
-2,800
-6% -$131K
SSD icon
708
Simpson Manufacturing
SSD
$8.12B
$2.02M 0.01%
9,627
-300
-3% -$56.1K
ENS icon
709
EnerSys
ENS
$6.92B
$2M 0.01%
8,572
-300
-3% -$65.1K
FOX icon
710
Fox Class B
FOX
$21.9B
$1.99M 0.01%
42,431
– –
TTD icon
711
Trade Desk
TTD
$8.91B
$1.98M 0.01%
109,300
-5,700
-5% -$121K
WAL icon
712
Western Alliance Bancorporation
WAL
$9.05B
$1.96M 0.01%
23,900
-800
-3% -$63.2K
IDA icon
713
Idacorp
IDA
$8.29B
$1.95M 0.01%
12,920
-100
-0.8% -$14.4K
FCFS icon
714
FirstCash
FCFS
$9.02B
$1.95M 0.01%
9,015
-300
-3% -$65.2K
TEX icon
715
Terex
TEX
$7.55B
$1.93M 0.01%
26,718
-600
-2% -$37.5K
MANH icon
716
Manhattan Associates
MANH
$11.2B
$1.93M 0.01%
13,831
-600
-4% -$82.7K
VNOM icon
717
Viper Energy
VNOM
$8.09B
$1.92M 0.01%
45,400
+700
+2% +$32.3K
VOYA icon
718
Voya Financial
VOYA
$9.08B
$1.92M 0.01%
21,216
-1,400
-6% -$114K
JEF icon
719
Jefferies Financial Group
JEF
$13B
$1.91M 0.01%
38,216
-1,600
-4% -$82.5K
FR icon
720
First Industrial Realty Trust
FR
$8.51B
$1.9M 0.01%
30,968
-900
-3% -$55.7K
CRBG icon
721
Corebridge Financial
CRBG
$15B
$1.88M 0.01%
65,600
-3,200
-5% -$86.5K
SEIC icon
722
SEI Investments
SEIC
$12.6B
$1.88M 0.01%
21,388
-1,000
-4% -$87.2K
ALV icon
723
Autoliv
ALV
$9.02B
$1.87M 0.01%
16,100
-400
-2% -$47.5K
ATR icon
724
AptarGroup
ATR
$8.69B
$1.87M 0.01%
14,910
-600
-4% -$72.8K
H icon
725
Hyatt Hotels
H
$16.9B
$1.86M 0.01%
9,600
-300
-3% -$52.5K
27 28
29
30 31

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.