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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
NTLA icon
876
Intellia Therapeutics
NTLA
$1.54B
$1.02M ﹤0.01%
+60,339
New +$845K
G icon
877
Genpact
G
$5.98B
$1.01M ﹤0.01%
36,884
-1,200
-3% -$39.4K
RYAN icon
878
Ryan Specialty Holdings
RYAN
$5.79B
$1M ﹤0.01%
26,600
-800
-3% -$27.2K
NVST icon
879
Envista
NVST
$4.54B
$1M ﹤0.01%
38,063
-1,400
-4% -$35.3K
GAP
880
The Gap Inc
GAP
$7.4B
$974K ﹤0.01%
52,130
-2,500
-5% -$57.6K
PLNT icon
881
Planet Fitness
PLNT
$4.48B
$965K ﹤0.01%
18,500
-1,500
-8% -$88K
DBX icon
882
Dropbox
DBX
$8.11B
$961K ﹤0.01%
35,000
-7,000
-17% -$180K
CDP icon
883
COPT Defense Properties
CDP
$4.23B
$961K ﹤0.01%
26,413
-800
-3% -$26K
IBOC icon
884
International Bancshares
IBOC
$4.73B
$958K ﹤0.01%
12,612
-400
-3% -$29K
VNT icon
885
Vontier
VNT
$4.75B
$955K ﹤0.01%
32,915
-1,200
-4% -$38.3K
SLGN icon
886
Silgan Holdings
SLGN
$4.5B
$951K ﹤0.01%
20,500
-600
-3% -$24K
ANF icon
887
Abercrombie & Fitch
ANF
$4.85B
$945K ﹤0.01%
10,500
-500
-5% -$42.4K
MAT icon
888
Mattel
MAT
$4.28B
$943K ﹤0.01%
67,933
-6,900
-9% -$101K
GHC icon
889
Graham Holdings Company
GHC
$5.11B
$941K ﹤0.01%
824
– –
KRC icon
890
Kilroy Realty
KRC
$4.53B
$939K ﹤0.01%
25,065
-1,200
-5% -$40.8K
FHI icon
891
Federated Hermes
FHI
$4.79B
$937K ﹤0.01%
16,976
-800
-5% -$45.2K
RPRX icon
892
Royalty Pharma
RPRX
$25.6B
$931K ﹤0.01%
16,600
+900
+6% +$46.8K
THO icon
893
Thor Industries
THO
$4.14B
$926K ﹤0.01%
12,318
-400
-3% -$30.8K
WMG icon
894
Warner Music
WMG
$13.3B
$926K ﹤0.01%
34,200
-1,200
-3% -$35.7K
IONQ icon
895
IonQ
IONQ
$15.1B
$926K ﹤0.01%
+17,378
New +$881K
EXLS icon
896
EXL Service
EXLS
$5.12B
$923K ﹤0.01%
35,700
-2,100
-6% -$61.9K
IRT icon
897
Independence Realty Trust
IRT
$4.02B
$918K ﹤0.01%
55,000
-2,000
-4% -$32.4K
KBH icon
898
KB Home
KBH
$3.62B
$916K ﹤0.01%
14,638
-600
-4% -$31.2K
BCO icon
899
Brink's
BCO
$4.88B
$914K ﹤0.01%
9,677
-300
-3% -$31.3K
SSNC icon
900
SS&C Technologies
SSNC
$18.7B
$904K ﹤0.01%
14,570
+4,700
+48% +$319K
34 35
36
37 38

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.