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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
KNF icon
851
Knife River
KNF
$3.84B
$1.11M ﹤0.01%
13,255
-400
-3% -$33.1K
WING icon
852
Wingstop
WING
$3.4B
$1.1M ﹤0.01%
6,372
-300
-4% -$47.3K
CHWY icon
853
Chewy
CHWY
$9.81B
$1.1M ﹤0.01%
56,200
-1,200
-2% -$27.2K
SHC icon
854
Sotera Health
SHC
$5.12B
$1.1M ﹤0.01%
62,000
+5,900
+11% +$93K
VAL icon
855
Valaris
VAL
$5.36B
$1.1M ﹤0.01%
15,100
-400
-3% -$37.2K
CBT icon
856
Cabot Corp
CBT
$4.29B
$1.1M ﹤0.01%
12,065
-500
-4% -$40.9K
OLLI icon
857
Ollie's Bargain Outlet
OLLI
$4.74B
$1.09M ﹤0.01%
14,203
-600
-4% -$50K
BDC icon
858
Belden
BDC
$5.03B
$1.09M ﹤0.01%
9,098
-400
-4% -$46.6K
BBWI icon
859
Bath & Body Works
BBWI
$4.16B
$1.09M ﹤0.01%
47,100
-2,200
-4% -$42.1K
AN icon
860
AutoNation
AN
$7.11B
$1.09M ﹤0.01%
5,848
-400
-6% -$78.2K
CELH icon
861
Celsius Holdings
CELH
$7.6B
$1.09M ﹤0.01%
37,100
-1,400
-4% -$44.1K
PATH icon
862
UiPath
PATH
$7.21B
$1.09M ﹤0.01%
99,900
-3,100
-3% -$33.1K
SR icon
863
Spire
SR
$4.73B
$1.08M ﹤0.01%
13,836
-400
-3% -$34.4K
PCTY icon
864
Paylocity
PCTY
$7.78B
$1.06M ﹤0.01%
10,172
-300
-3% -$32K
TCBI icon
865
Texas Capital Bancshares
TCBI
$4.37B
$1.06M ﹤0.01%
10,252
-400
-4% -$40.1K
FFIN icon
866
First Financial Bankshares
FFIN
$5.07B
$1.05M ﹤0.01%
30,463
-900
-3% -$29.1K
LIVN icon
867
LivaNova
LIVN
$4.18B
$1.05M ﹤0.01%
12,811
-300
-2% -$21.2K
FLG
868
Flagstar Bank National Association
FLG
$5.99B
$1.05M ﹤0.01%
70,195
-1,900
-3% -$26.9K
BSY icon
869
Bentley Systems
BSY
$10.8B
$1.04M ﹤0.01%
34,900
-900
-3% -$29.3K
EPR icon
870
EPR Properties
EPR
$4.65B
$1.04M ﹤0.01%
17,889
-400
-2% -$22.7K
NWE icon
871
NorthWestern Energy
NWE
$4.23B
$1.03M ﹤0.01%
14,428
-400
-3% -$28.4K
FCN icon
872
FTI Consulting
FCN
$4.28B
$1.03M ﹤0.01%
6,904
-400
-5% -$65.4K
MUR icon
873
Murphy Oil
MUR
$5.34B
$1.03M ﹤0.01%
31,547
-700
-2% -$26.8K
KBR icon
874
KBR
KBR
$4.6B
$1.02M ﹤0.01%
29,611
-900
-3% -$31.4K
ELF icon
875
e.l.f. Beauty
ELF
$5.25B
$1.02M ﹤0.01%
13,800
-400
-3% -$24.3K
33 34
35
36 37

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.