We are live on ! Find out more
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
PFE icon
101
Pfizer
PFE
$143B
$40.6M 0.18%
1,686,584
+19,700
+1% +$515K
ISRG icon
102
Intuitive Surgical
ISRG
$135B
$40.6M 0.18%
102,053
-2,100
-2% -$917K
ABT icon
103
Abbott
ABT
$185B
$40.5M 0.18%
445,957
-25,500
-5% -$2.33M
SCHW
104
Charles Schwab
SCHW
$184B
$40M 0.18%
433,566
-2,800
-0.6% -$255K
CVS icon
105
CVS Health
CVS
$134B
$39.2M 0.17%
379,077
+3,400
+0.9% +$303K
APP icon
106
Applovin
APP
$136B
$38.6M 0.17%
75,000
– –
NOW icon
107
ServiceNow
NOW
$118B
$37.9M 0.17%
382,187
+63,912
+20% +$6.33M
UBER icon
108
Uber
UBER
$146B
$37.6M 0.17%
521,200
-16,400
-3% -$1.2M
DELL icon
109
Dell
DELL
$277B
$37.3M 0.17%
86,558
-4,500
-5% -$1.3M
ZTS icon
110
Zoetis
ZTS
$32.3B
$37M 0.16%
515,029
+399,265
+345% +$37.6M
BLK icon
111
Blackrock
BLK
$175B
$36.9M 0.16%
38,371
-800
-2% -$827K
SPOT icon
112
Spotify
SPOT
$100B
$36.8M 0.16%
80,242
+24,211
+43% +$11.5M
CRM icon
113
Salesforce
CRM
$152B
$35.8M 0.16%
228,643
-16,100
-7% -$2.83M
BKNG icon
114
Booking.com
BKNG
$149B
$35.4M 0.16%
198,375
-13,100
-6% -$2.23M
COF icon
115
Capital One
COF
$134B
$34.9M 0.15%
174,164
+400
+0.2% +$76.5K
PLD icon
116
Prologis
PLD
$135B
$34.9M 0.15%
257,567
+3,300
+1% +$468K
BMY icon
117
Bristol-Myers Squibb
BMY
$134B
$34M 0.15%
590,233
+300
+0.1% +$17.2K
PGR icon
118
Progressive
PGR
$122B
$34M 0.15%
155,588
-3,100
-2% -$625K
VRTX icon
119
Vertex Pharmaceuticals
VRTX
$119B
$33.7M 0.15%
67,823
-1,300
-2% -$576K
SPGI icon
120
S&P Global
SPGI
$123B
$32.8M 0.15%
80,453
-2,500
-3% -$1.06M
CB icon
121
Chubb
CB
$134B
$32.6M 0.14%
95,587
+600
+0.6% +$196K
COP icon
122
ConocoPhillips
COP
$145B
$32.4M 0.14%
311,928
-8,100
-3% -$960K
LOW icon
123
Lowe's Companies
LOW
$119B
$31.6M 0.14%
143,370
-3,200
-2% -$727K
PH icon
124
Parker-Hannifin
PH
$126B
$31.6M 0.14%
32,296
-700
-2% -$641K
MO icon
125
Altria Group
MO
$114B
$30.8M 0.14%
427,542
-11,000
-3% -$768K
3 4
5
6 7

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
SAM
SEB Asset Management Stockholm $23.4B AUM

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.