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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
BRKR icon
776
Bruker
BRKR
$7.99B
$1.56M 0.01%
25,993
-700
-3% -$32.7K
NOV icon
777
NOV
NOV
$6.95B
$1.56M 0.01%
83,977
-2,800
-3% -$55.8K
GBCI icon
778
Glacier Bancorp
GBCI
$6.51B
$1.55M 0.01%
30,136
-800
-3% -$38.6K
LAD icon
779
Lithia Motors
LAD
$8.1B
$1.54M 0.01%
5,287
-500
-9% -$142K
FBIN icon
780
Fortune Brands Innovations
FBIN
$6.24B
$1.53M 0.01%
27,942
-1,000
-3% -$40K
CHRD icon
781
Chord Energy
CHRD
$7.32B
$1.51M 0.01%
13,200
-500
-4% -$67.8K
FND icon
782
Floor & Decor
FND
$6.68B
$1.5M 0.01%
25,300
-600
-2% -$30.4K
WH icon
783
Wyndham Hotels & Resorts
WH
$5.65B
$1.48M 0.01%
17,553
-600
-3% -$49.7K
MSA icon
784
Mine Safety
MSA
$7.44B
$1.48M 0.01%
8,455
-300
-3% -$50.2K
GATX icon
785
GATX Corp
GATX
$6.34B
$1.47M 0.01%
8,312
-300
-3% -$54.6K
UBSI icon
786
United Bankshares
UBSI
$6.72B
$1.47M 0.01%
32,113
-1,500
-4% -$65.6K
IESC icon
787
IES Holdings
IESC
$15.6B
$1.47M 0.01%
+2,000
New +$1.29M
VNO icon
788
Vornado Realty Trust
VNO
$7.51B
$1.45M 0.01%
37,000
-1,500
-4% -$48.5K
M icon
789
Macy's
M
$6.71B
$1.45M 0.01%
61,670
-2,300
-4% -$48.2K
CHE icon
790
Chemed
CHE
$7.14B
$1.45M 0.01%
3,109
-300
-9% -$126K
HWC icon
791
Hancock Whitney
HWC
$6.3B
$1.42M 0.01%
18,940
-900
-5% -$61.5K
RYN icon
792
Rayonier
RYN
$6.62B
$1.41M 0.01%
66,372
-2,200
-3% -$46.1K
POR icon
793
Portland General Electric
POR
$5.79B
$1.4M 0.01%
27,100
– –
CROX icon
794
Crocs
CROX
$6.58B
$1.4M 0.01%
11,638
-500
-4% -$54.6K
INGR icon
795
Ingredion
INGR
$6.51B
$1.4M 0.01%
14,788
-400
-3% -$42.3K
MTG icon
796
MGIC Investment
MTG
$6.27B
$1.39M 0.01%
49,417
-3,400
-6% -$90.6K
CHDN icon
797
Churchill Downs
CHDN
$6.02B
$1.39M 0.01%
15,480
-500
-3% -$44.8K
ESNT icon
798
Essent Group
ESNT
$6.13B
$1.38M 0.01%
21,533
-1,400
-6% -$84.7K
NEU icon
799
NewMarket
NEU
$8.11B
$1.37M 0.01%
1,737
-100
-5% -$72.1K
WFRD icon
800
Weatherford International
WFRD
$6.27B
$1.37M 0.01%
16,800
-500
-3% -$50.7K
30 31
32
33 34

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.