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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
BIO icon
826
Bio-Rad Laboratories Class A
BIO
$9.33B
$1.23M 0.01%
4,200
-200
-5% -$56.7K
TREX icon
827
Trex
TREX
$5.18B
$1.22M 0.01%
24,322
-1,500
-6% -$62.2K
MSTR icon
828
Strategy Inc
MSTR
$36.1B
$1.22M 0.01%
14,000
+8,200
+141% +$1.19M
UFPI icon
829
UFP Industries
UFPI
$5.23B
$1.2M 0.01%
13,200
-800
-6% -$69.7K
NXST icon
830
Nexstar Media Group
NXST
$5.78B
$1.2M 0.01%
6,700
-200
-3% -$37.5K
VVV icon
831
Valvoline
VVV
$4.73B
$1.18M 0.01%
29,815
-800
-3% -$27.8K
ASB icon
832
Associated Banc-Corp
ASB
$5.95B
$1.17M 0.01%
38,178
-1,200
-3% -$33.8K
LPX icon
833
Louisiana-Pacific
LPX
$5.45B
$1.17M 0.01%
14,858
-400
-3% -$29.5K
CRCL
834
Circle Internet Group
CRCL
$15.7B
$1.16M 0.01%
+18,574
New +$1.81M
CUZ icon
835
Cousins Properties
CUZ
$5.07B
$1.15M 0.01%
38,444
-2,000
-5% -$52.5K
SBRA icon
836
Sabra Healthcare REIT
SBRA
$5.29B
$1.15M 0.01%
58,949
-1,700
-3% -$33.7K
BF.B icon
837
Brown-Forman Class B
BF.B
$13B
$1.15M 0.01%
43,081
-1,600
-4% -$43.1K
SLM icon
838
SLM Corp
SLM
$5.16B
$1.14M 0.01%
44,099
-3,800
-8% -$85.6K
WEX icon
839
WEX
WEX
$6.42B
$1.14M 0.01%
8,075
-200
-2% -$29.6K
QLYS icon
840
Qualys
QLYS
$6.49B
$1.14M 0.01%
8,276
-400
-5% -$39.4K
OGS icon
841
ONE Gas
OGS
$4.96B
$1.13M 0.01%
14,704
+300
+2% +$25K
BYD icon
842
Boyd Gaming
BYD
$6.12B
$1.13M 0.01%
12,824
-1,100
-8% -$93.6K
MTN icon
843
Vail Resorts
MTN
$5.38B
$1.13M 0.01%
8,300
-300
-3% -$39K
HRB icon
844
H&R Block
HRB
$5.82B
$1.13M 0.01%
29,668
-800
-3% -$27.9K
ACI icon
845
Albertsons Companies
ACI
$5.75B
$1.13M 0.01%
83,300
-5,700
-6% -$91.2K
CNX icon
846
CNX Resources
CNX
$5.09B
$1.12M 0.01%
33,102
-1,200
-3% -$43.3K
SYNA icon
847
Synaptics
SYNA
$3.95B
$1.12M 0.01%
9,033
-300
-3% -$33.9K
TNL icon
848
Travel + Leisure Co
TNL
$4.79B
$1.12M ﹤0.01%
14,607
-900
-6% -$63.2K
CNO icon
849
CNO Financial Group
CNO
$5.15B
$1.11M ﹤0.01%
21,851
-900
-4% -$41.8K
SAIC icon
850
Saic
SAIC
$5.08B
$1.11M ﹤0.01%
10,055
-800
-7% -$80.9K
32 33
34
35 36

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.