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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
GXO icon
801
GXO Logistics
GXO
$5.49B
$1.37M 0.01%
26,927
-600
-2% -$31.1K
ALK icon
802
Alaska Air
ALK
$5.81B
$1.36M 0.01%
26,100
-1,500
-5% -$64.1K
CVLT icon
803
Commault Systems
CVLT
$5.52B
$1.36M 0.01%
9,612
-1,000
-9% -$107K
MTDR icon
804
Matador Resources
MTDR
$5.84B
$1.36M 0.01%
27,300
-800
-3% -$45.5K
SIGI icon
805
Selective Insurance
SIGI
$5.76B
$1.36M 0.01%
13,981
-500
-3% -$43.2K
KRG icon
806
Kite Realty
KRG
$5.56B
$1.35M 0.01%
47,495
-4,600
-9% -$124K
NOVT icon
807
Novanta
NOVT
$5.45B
$1.35M 0.01%
8,300
-300
-3% -$43.4K
STWD icon
808
Starwood Property Trust
STWD
$6.01B
$1.33M 0.01%
81,500
-2,300
-3% -$40K
SWX icon
809
Southwest Gas
SWX
$6.56B
$1.33M 0.01%
15,029
-400
-3% -$35.8K
SARO
810
StandardAero Inc
SARO
$10.3B
$1.33M 0.01%
44,300
-1,300
-3% -$34.2K
BKH icon
811
Black Hills Corp
BKH
$5.46B
$1.32M 0.01%
17,800
-400
-2% -$29.5K
TXNM
812
TXNM Energy Inc
TXNM
$5.91B
$1.32M 0.01%
23,289
-300
-1% -$17.6K
ESAB icon
813
ESAB
ESAB
$5.74B
$1.32M 0.01%
13,402
-300
-2% -$29K
NJR icon
814
New Jersey Resources
NJR
$5.59B
$1.32M 0.01%
23,585
-700
-3% -$39.2K
SON icon
815
Sonoco
SON
$5.78B
$1.3M 0.01%
23,151
-600
-3% -$30.8K
SIRI icon
816
SiriusXM
SIRI
$10.3B
$1.3M 0.01%
+44,100
New +$1.19M
VFC icon
817
VF Corp
VFC
$5.99B
$1.28M 0.01%
76,900
-2,200
-3% -$39.3K
BC icon
818
Brunswick
BC
$5.43B
$1.28M 0.01%
15,170
-500
-3% -$40.1K
RLI icon
819
RLI Corp
RLI
$5.77B
$1.27M 0.01%
21,532
-600
-3% -$32.2K
MSM icon
820
MSC Industrial Direct
MSM
$7.01B
$1.27M 0.01%
10,665
-300
-3% -$31.9K
GNTX icon
821
Gentex
GNTX
$5.13B
$1.26M 0.01%
49,840
-2,800
-5% -$66.2K
CLF icon
822
Cleveland-Cliffs
CLF
$7.21B
$1.25M 0.01%
133,427
-3,800
-3% -$41.8K
HOMB icon
823
Home BancShares
HOMB
$6.25B
$1.25M 0.01%
43,830
-200
-0.5% -$5.43K
OZK icon
824
Bank OZK
OZK
$5.63B
$1.25M 0.01%
24,012
-1,000
-4% -$48.7K
AVAV icon
825
AeroVironment
AVAV
$8.51B
$1.24M 0.01%
7,500
-200
-3% -$35.8K
31 32
33
34 35

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.