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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
AVT icon
751
Avnet
AVT
$7.97B
$1.71M 0.01%
19,205
-500
-3% -$40.9K
HLI icon
752
Houlihan Lokey
HLI
$8.96B
$1.7M 0.01%
12,700
-400
-3% -$59K
GBTC icon
753
Grayscale Bitcoin Trust
GBTC
$9.74B
$1.7M 0.01%
+37,418
New +$2.09M
STAG icon
754
STAG Industrial
STAG
$7.19B
$1.7M 0.01%
44,700
-1,300
-3% -$49.7K
IDCC icon
755
InterDigital
IDCC
$8.53B
$1.7M 0.01%
6,000
-200
-3% -$59.5K
KNSL icon
756
Kinsale Capital Group
KNSL
$8.45B
$1.7M 0.01%
5,145
-200
-4% -$64.3K
LNTH icon
757
Lantheus
LNTH
$6.61B
$1.69M 0.01%
15,200
-800
-5% -$74.5K
RGEN icon
758
Repligen
RGEN
$8.95B
$1.69M 0.01%
12,353
-400
-3% -$49.1K
AGCO icon
759
AGCO
AGCO
$7.27B
$1.68M 0.01%
14,058
-400
-3% -$46.5K
SLAB icon
760
Silicon Laboratories
SLAB
$7.2B
$1.68M 0.01%
7,697
-200
-3% -$43.3K
MIDD icon
761
Middleby
MIDD
$6.12B
$1.67M 0.01%
9,720
-1,400
-13% -$211K
EXP icon
762
Eagle Materials
EXP
$6.7B
$1.65M 0.01%
7,329
-200
-3% -$41.8K
LSTR icon
763
Landstar System
LSTR
$6.09B
$1.65M 0.01%
7,970
-200
-2% -$38.2K
ERIE icon
764
Erie Indemnity
ERIE
$13.1B
$1.64M 0.01%
6,832
-100
-1% -$22.9K
FAF icon
765
First American
FAF
$7.66B
$1.64M 0.01%
23,864
-700
-3% -$46.7K
HR icon
766
Healthcare Realty
HR
$7.07B
$1.63M 0.01%
81,053
-2,900
-3% -$56.3K
VLY icon
767
Valley National Bancorp
VLY
$8.17B
$1.63M 0.01%
111,481
-3,700
-3% -$50.3K
CMC icon
768
Commercial Metals
CMC
$8.37B
$1.63M 0.01%
25,937
-800
-3% -$56.3K
ST icon
769
Sensata Technologies
ST
$6.93B
$1.62M 0.01%
34,000
-1,100
-3% -$49.8K
TAP icon
770
Molson Coors Class B
TAP
$7.85B
$1.6M 0.01%
41,038
-3,200
-7% -$134K
FNB icon
771
FNB Corp
FNB
$6.84B
$1.59M 0.01%
83,251
-2,700
-3% -$48.1K
AVTR icon
772
Avantor
AVTR
$9.04B
$1.58M 0.01%
159,700
-4,400
-3% -$37.9K
LEA icon
773
Lear
LEA
$6.18B
$1.58M 0.01%
11,755
-500
-4% -$67K
TMHC
774
DELISTED
Taylor Morrison
TMHC
$1.57M 0.01%
21,895
-1,600
-7% -$102K
ORA icon
775
Ormat Technologies
ORA
$6.02B
$1.57M 0.01%
14,400
-200
-1% -$24.8K
29 30
31
32 33

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.