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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
CSX icon
151
CSX Corp
CSX
$92.3B
$25.2M 0.11%
529,884
-1,700
-0.3% -$76.8K
DDOG icon
152
Datadog
DDOG
$97.4B
$24.5M 0.11%
94,132
+8,332
+10% +$1.55M
MMM icon
153
3M
MMM
$91.4B
$24.4M 0.11%
150,505
+12,900
+9% +$1.96M
UPS icon
154
United Parcel Service
UPS
$90.8B
$24.3M 0.11%
225,914
+8,000
+4% +$832K
ELV icon
155
Elevance Health
ELV
$83B
$24M 0.11%
61,951
-1,200
-2% -$445K
ACN icon
156
Accenture
ACN
$101B
$23.8M 0.11%
190,938
+5,200
+3% +$903K
WMB icon
157
Williams Companies
WMB
$86.1B
$23.3M 0.1%
313,121
-5,900
-2% -$434K
MCK icon
158
McKesson
MCK
$96.8B
$23.3M 0.1%
+30,800
New +$24.4M
FCX icon
159
Freeport-McMoran
FCX
$91.5B
$23.1M 0.1%
368,033
-7,400
-2% -$476K
GD icon
160
General Dynamics
GD
$103B
$23M 0.1%
65,012
-1,300
-2% -$445K
EW icon
161
Edwards Lifesciences
EW
$51.1B
$22.9M 0.1%
252,951
-4,100
-2% -$343K
XYZ
162
Block Inc
XYZ
$48.9B
$22.9M 0.1%
300,839
+16,493
+6% +$1.16M
JCI icon
163
Johnson Controls International
JCI
$88.7B
$22.8M 0.1%
156,256
-3,600
-2% -$508K
BX icon
164
Blackstone
BX
$108B
$22.4M 0.1%
190,200
-5,400
-3% -$649K
FDX icon
165
FedEx
FDX
$73.2B
$22.2M 0.1%
70,867
+700
+1% +$254K
CI icon
166
Cigna
CI
$74.5B
$21.9M 0.1%
79,541
-148,600
-65% -$42M
HOOD icon
167
Robinhood
HOOD
$81.2B
$21.9M 0.1%
218,359
+11,859
+6% +$993K
SNPS icon
168
Synopsys
SNPS
$75.1B
$21.9M 0.1%
49,054
-900
-2% -$423K
ROST icon
169
Ross Stores
ROST
$81.1B
$21.8M 0.1%
102,556
+18,100
+21% +$4.07M
VLO icon
170
Valero Energy
VLO
$88.5B
$21.8M 0.1%
83,762
-5,000
-6% -$1.23M
SHOP icon
171
Shopify
SHOP
$152B
$21.4M 0.09%
187,534
+87,734
+88% +$10M
SHW icon
172
Sherwin-Williams
SHW
$86B
$21.4M 0.09%
62,156
-500
-0.8% -$160K
MRSH
173
Marsh
MRSH
$92B
$21.3M 0.09%
128,075
-2,700
-2% -$451K
CME icon
174
CME Group
CME
$95.7B
$21.3M 0.09%
96,544
-1,600
-2% -$443K
URI icon
175
United Rentals
URI
$69.5B
$21.2M 0.09%
18,754
– –
5 6
7
8 9

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FAM
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BA
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Tiger Global Management
Tiger Global Management New York $22.8B AUM 30.07% 1-Year Est. Return
AM
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Capital Fund Management (CFM)
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CAM
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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.