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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
DHR icon
126
Danaher
DHR
$139B
$30.7M 0.14%
161,246
-3,100
-2% -$563K
TT icon
127
Trane Technologies
TT
$101B
$30.6M 0.14%
62,213
-400
-0.6% -$187K
GM icon
128
General Motors
GM
$79.3B
$30.1M 0.13%
390,608
+20,600
+6% +$1.62M
HWM icon
129
Howmet Aerospace
HWM
$115B
$30.1M 0.13%
111,945
+7,200
+7% +$1.85M
COHR icon
130
Coherent
COHR
$56.4B
$30M 0.13%
76,100
+27,100
+55% +$9.59M
SBUX icon
131
Starbucks
SBUX
$118B
$29.8M 0.13%
291,859
-5,800
-2% -$584K
SOFI icon
132
SoFi Technologies
SOFI
$23.3B
$29.6M 0.13%
1,648,658
+648,658
+65% +$11M
LMT icon
133
Lockheed Martin
LMT
$135B
$29.2M 0.13%
57,218
-500
-0.9% -$270K
CMCSA icon
134
Comcast
CMCSA
$87.2B
$28.9M 0.13%
1,175,789
+57,400
+5% +$1.48M
PWR icon
135
Quanta Services
PWR
$102B
$28.8M 0.13%
39,948
+1,000
+3% +$684K
CDNS icon
136
Cadence Design Systems
CDNS
$92.6B
$28.5M 0.13%
76,023
– –
ICE icon
137
Intercontinental Exchange
ICE
$85.2B
$28.1M 0.12%
228,442
-3,500
-2% -$525K
FTNT icon
138
Fortinet
FTNT
$120B
$28M 0.12%
182,570
-7,900
-4% -$913K
SYK icon
139
Stryker
SYK
$131B
$27.8M 0.12%
88,299
-1,700
-2% -$536K
SO icon
140
Southern Company
SO
$107B
$27.6M 0.12%
288,623
+1,000
+0.3% +$94.1K
NEM icon
141
Newmont
NEM
$100B
$27.5M 0.12%
294,445
-20,100
-6% -$2.19M
PNC icon
142
PNC Financial Services
PNC
$100B
$27.1M 0.12%
110,156
-2,000
-2% -$448K
BURL icon
143
Burlington
BURL
$23.2B
$26.9M 0.12%
84,800
-300
-0.4% -$96.7K
EQIX icon
144
Equinix
EQIX
$102B
$26.3M 0.12%
25,217
-500
-2% -$535K
ADP icon
145
Automatic Data Processing
ADP
$107B
$26.1M 0.12%
116,703
-200
-0.2% -$42.8K
USB icon
146
US Bancorp
USB
$99.6B
$25.8M 0.11%
427,782
-8,200
-2% -$459K
MDT icon
147
Medtronic
MDT
$111B
$25.7M 0.11%
328,698
-6,200
-2% -$500K
BNY
148
Bank of New York Mellon
BNY
$106B
$25.4M 0.11%
175,737
-4,100
-2% -$561K
DUK icon
149
Duke Energy
DUK
$96.9B
$25.3M 0.11%
199,636
-3,500
-2% -$442K
CMI icon
150
Cummins
CMI
$89.5B
$25.2M 0.11%
35,331
-800
-2% -$527K
4 5
6
7 8

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.