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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
MRK icon
51
Merck
MRK
$316B
$85.2M 0.38%
663,390
-59,700
-8% -$6.99M
PANW icon
52
Palo Alto Networks
PANW
$281B
$83.2M 0.37%
244,039
+32,939
+16% +$7.54M
KO icon
53
Coca-Cola
KO
$374B
$83M 0.37%
1,021,448
-16,700
-2% -$1.32M
NFLX icon
54
Netflix
NFLX
$304B
$82.5M 0.37%
1,155,690
-7,500
-0.6% -$661K
GEV icon
55
GE Vernova
GEV
$269B
$82.1M 0.36%
69,840
-600
-0.9% -$612K
HIMS icon
56
Hims & Hers Health
HIMS
$7.11B
$81.3M 0.36%
2,346,282
+7,682
+0.3% +$206K
CVX icon
57
Chevron
CVX
$384B
$79.5M 0.35%
479,339
-10,300
-2% -$1.92M
GS icon
58
Goldman Sachs
GS
$301B
$76.4M 0.34%
75,567
-2,800
-4% -$2.73M
PM icon
59
Philip Morris
PM
$293B
$72.2M 0.32%
399,058
-7,600
-2% -$1.32M
HYG icon
60
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$16.6B
$72M 0.32%
+900,000
New +$72M
TXN icon
61
Texas Instruments
TXN
$246B
$69.5M 0.31%
233,061
-4,000
-2% -$1.11M
WFC icon
62
Wells Fargo
WFC
$265B
$69M 0.31%
835,149
-17,000
-2% -$1.37M
IBM icon
63
IBM
IBM
$215B
$67.7M 0.3%
240,640
-3,500
-1% -$882K
C icon
64
Citigroup
C
$223B
$67.2M 0.3%
480,136
-25,800
-5% -$3.36M
MRVL icon
65
Marvell Technology
MRVL
$173B
$66.8M 0.3%
+224,200
New +$45M
RTX icon
66
RTX Corp
RTX
$292B
$65.4M 0.29%
344,800
-5,800
-2% -$1.06M
LIN icon
67
Linde
LIN
$221B
$65M 0.29%
125,304
-1,600
-1% -$810K
MS icon
68
Morgan Stanley
MS
$331B
$64.2M 0.28%
306,926
-7,400
-2% -$1.47M
APH icon
69
Amphenol
APH
$201B
$64.1M 0.28%
363,574
-6,100
-2% -$879K
ORCL icon
70
Oracle
ORCL
$408B
$63.7M 0.28%
434,432
-8,500
-2% -$1.54M
FDS icon
71
Factset
FDS
$9.66B
$61.1M 0.27%
265,428
+20,905
+9% +$4.8M
CRWD icon
72
CrowdStrike
CRWD
$206B
$60.5M 0.27%
317,336
+53,736
+20% +$7.63M
MBB icon
73
iShares MBS ETF
MBB
$38.9B
$56.7M 0.25%
600,000
– –
WDC icon
74
Western Digital
WDC
$182B
$56.4M 0.25%
88,257
-14,400
-14% -$7M
QCOM icon
75
Qualcomm
QCOM
$159B
$56.2M 0.25%
304,066
-29,700
-9% -$5.55M
1 2
3
4 5

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
SAM
SEB Asset Management Stockholm $23.4B AUM

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.