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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
APPF icon
901
AppFolio
APPF
$6.85B
$898K ﹤0.01%
5,600
-300
-5% -$47.9K
PBF icon
902
PBF Energy
PBF
$7.43B
$892K ﹤0.01%
19,600
-400
-2% -$16.6K
OLED icon
903
Universal Display
OLED
$3.97B
$884K ﹤0.01%
10,205
-400
-4% -$36.9K
LOPE icon
904
Grand Canyon Education
LOPE
$3.92B
$881K ﹤0.01%
6,159
-500
-8% -$79.4K
YETI icon
905
Yeti Holdings
YETI
$3.96B
$880K ﹤0.01%
17,747
-1,000
-5% -$43.4K
PII icon
906
Polaris
PII
$4.21B
$868K ﹤0.01%
12,679
-200
-2% -$12.9K
NWS icon
907
News Corp Class B
NWS
$17.5B
$866K ﹤0.01%
30,845
-1,100
-3% -$32.7K
BHF icon
908
Brighthouse Financial
BHF
$3.58B
$846K ﹤0.01%
13,368
-400
-3% -$24.9K
POST icon
909
Post Holdings
POST
$4.01B
$825K ﹤0.01%
9,347
-800
-8% -$77.9K
HAE icon
910
Haemonetics
HAE
$3.84B
$816K ﹤0.01%
10,874
-300
-3% -$19.3K
MORN icon
911
Morningstar
MORN
$7.44B
$811K ﹤0.01%
5,200
-300
-5% -$52.1K
PVH icon
912
PVH
PVH
$4.01B
$802K ﹤0.01%
10,800
-200
-2% -$17.1K
AVNT icon
913
Avient
AVNT
$3.49B
$792K ﹤0.01%
21,424
-600
-3% -$21.7K
PSKY
914
Paramount Skydance Corp
PSKY
$9.67B
$787K ﹤0.01%
79,812
-1,400
-2% -$14.7K
OPCH icon
915
Option Care Health
OPCH
$3.5B
$771K ﹤0.01%
36,759
-1,400
-4% -$32.6K
PAG icon
916
Penske Automotive Group
PAG
$14.3B
$769K ﹤0.01%
4,300
-100
-2% -$16.7K
HLNE icon
917
Hamilton Lane
HLNE
$5.63B
$757K ﹤0.01%
9,600
-200
-2% -$17.8K
BILL icon
918
BILL Holdings
BILL
$4.84B
$749K ﹤0.01%
20,700
-500
-2% -$18.4K
DLB icon
919
Dolby
DLB
$5.69B
$741K ﹤0.01%
14,100
-600
-4% -$34.4K
NSA
920
DELISTED
National Storage Affiliates Trust
NSA
$738K ﹤0.01%
16,601
-400
-2% -$17.1K
HGV icon
921
Hilton Grand Vacations
HGV
$3.67B
$733K ﹤0.01%
14,000
-400
-3% -$19.3K
GPK icon
922
Graphic Packaging
GPK
$3.52B
$731K ﹤0.01%
69,200
-1,800
-3% -$18.4K
QBTS icon
923
D-Wave Quantum Inc. Common Stock
QBTS
$7.94B
$730K ﹤0.01%
+30,426
New +$667K
SMG icon
924
ScottsMiracle-Gro
SMG
$3.87B
$715K ﹤0.01%
10,500
-300
-3% -$18.6K
ASH icon
925
Ashland
ASH
$3.29B
$708K ﹤0.01%
10,739
-300
-3% -$17.4K
35 36
37
38 39

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.