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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
TSM icon
76
TSMC
TSM
$2.11T
$56.2M 0.25%
117,600
-14,600
-11% -$5.92M
STX icon
77
Seagate
STX
$188B
$55.4M 0.25%
57,405
+400
+0.7% +$305K
TJX icon
78
TJX Companies
TJX
$174B
$55.3M 0.24%
365,082
+17,400
+5% +$2.75M
VZ icon
79
Verizon
VZ
$198B
$54.8M 0.24%
1,294,850
+13,000
+1% +$610K
SPTM icon
80
State Street SPDR Portfolio S&P 1500 Composite Stock Market ETF
SPTM
$13.8B
$51.3M 0.23%
+565,479
New +$49.8M
MOH icon
81
Molina Healthcare
MOH
$10.2B
$51.2M 0.23%
224,044
– –
GLW icon
82
Corning
GLW
$126B
$51.2M 0.23%
200,499
-3,500
-2% -$637K
AMGN icon
83
Amgen
AMGN
$204B
$50M 0.22%
138,197
-2,500
-2% -$856K
ADI icon
84
Analog Devices
ADI
$176B
$49.6M 0.22%
124,955
-2,700
-2% -$1.07M
EWW icon
85
iShares MSCI Mexico ETF
EWW
$1.97B
$49.4M 0.22%
+656,000
New +$50.9M
MCD icon
86
McDonald's
MCD
$189B
$49.2M 0.22%
181,915
-4,100
-2% -$1.18M
PEP icon
87
PepsiCo
PEP
$191B
$48.5M 0.21%
358,222
-6,900
-2% -$1.03M
DIS icon
88
Walt Disney
DIS
$171B
$48.2M 0.21%
501,266
+4,500
+0.9% +$459K
TMO icon
89
Thermo Fisher Scientific
TMO
$214B
$47.7M 0.21%
95,110
-3,000
-3% -$1.44M
NEE icon
90
NextEra Energy
NEE
$181B
$46.9M 0.21%
533,898
-10,100
-2% -$914K
AXP icon
91
American Express
AXP
$233B
$46.1M 0.2%
136,277
-3,600
-3% -$1.15M
ETN icon
92
Eaton
ETN
$170B
$45.5M 0.2%
106,856
+5,400
+5% +$2.18M
T icon
93
AT&T
T
$162B
$44.9M 0.2%
2,168,813
+25,100
+1% +$623K
BA icon
94
Boeing
BA
$185B
$43.7M 0.19%
201,796
-3,400
-2% -$756K
VLUE icon
95
iShares MSCI USA Value Factor ETF
VLUE
$9.21B
$43.6M 0.19%
218,300
-61,500
-22% -$11M
GILD icon
96
Gilead Sciences
GILD
$163B
$42.1M 0.19%
333,195
+9,100
+3% +$1.2M
UNP icon
97
Union Pacific
UNP
$173B
$41.4M 0.18%
152,045
-3,000
-2% -$788K
OSCR icon
98
Oscar Health
OSCR
$9.26B
$41.4M 0.18%
1,450,000
– –
WELL icon
99
Welltower
WELL
$168B
$41M 0.18%
180,709
-1,600
-0.9% -$338K
DE icon
100
Deere & Co
DE
$164B
$40.8M 0.18%
64,357
-1,500
-2% -$869K
2 3
4
5 6

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)
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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
SAM
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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.