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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
F icon
176
Ford
F
$57.5B
$21.1M 0.09%
1,519,579
+92,600
+6% +$1.25M
EOG icon
177
EOG Resources
EOG
$77.6B
$21.1M 0.09%
162,752
+5,700
+4% +$776K
WM icon
178
Waste Management
WM
$90.5B
$21.1M 0.09%
94,588
-2,300
-2% -$512K
MSCI icon
179
MSCI
MSCI
$41.8B
$20.9M 0.09%
37,402
-600
-2% -$350K
TER icon
180
Teradyne
TER
$57.3B
$20.9M 0.09%
43,135
+2,200
+5% +$830K
MAR icon
181
Marriott International
MAR
$91.5B
$20.8M 0.09%
56,036
-1,400
-2% -$516K
HPE icon
182
Hewlett Packard
HPE
$66.5B
$20.6M 0.09%
456,181
-37,800
-8% -$1.37M
NXPI icon
183
NXP Semiconductors
NXPI
$56.5B
$20.6M 0.09%
73,168
-3,700
-5% -$1.02M
EMR icon
184
Emerson Electric
EMR
$86.7B
$20.5M 0.09%
143,420
-3,400
-2% -$479K
ITW icon
185
Illinois Tool Works
ITW
$83B
$20.5M 0.09%
75,736
-1,200
-2% -$311K
CEG icon
186
Constellation Energy
CEG
$97.7B
$20.3M 0.09%
81,867
+500
+0.6% +$141K
RCL icon
187
Royal Caribbean
RCL
$86.7B
$20.3M 0.09%
63,901
-1,800
-3% -$503K
SPG icon
188
Simon Property Group
SPG
$74.3B
$20.2M 0.09%
90,349
-9,500
-10% -$1.95M
FIX icon
189
Comfort Systems
FIX
$62.3B
$20M 0.09%
10,100
+100
+1% +$181K
TMUS icon
190
T-Mobile US
TMUS
$190B
$20M 0.09%
119,141
-4,600
-4% -$871K
INTU icon
191
Intuit
INTU
$87.1B
$19.9M 0.09%
76,190
+3,500
+5% +$1.22M
APO icon
192
Apollo Global Management
APO
$74.6B
$19.8M 0.09%
167,217
+45,917
+38% +$5.77M
PCAR icon
193
PACCAR
PCAR
$69.5B
$19.6M 0.09%
162,966
+1,000
+0.6% +$118K
ORLY icon
194
O'Reilly Automotive
ORLY
$73.3B
$19.5M 0.09%
212,145
-7,800
-4% -$712K
AMT icon
195
American Tower
AMT
$80.6B
$19.5M 0.09%
119,284
-3,000
-2% -$540K
HLT icon
196
Hilton Worldwide
HLT
$70.7B
$19.3M 0.09%
58,323
-1,600
-3% -$526K
MPC icon
197
Marathon Petroleum
MPC
$89.6B
$19.1M 0.08%
74,710
-2,400
-3% -$589K
AEP icon
198
American Electric Power
AEP
$69.9B
$19.1M 0.08%
139,358
-1,900
-1% -$250K
ECL icon
199
Ecolab
ECL
$78.6B
$19M 0.08%
68,340
+1,700
+3% +$448K
TDG icon
200
TransDigm Group
TDG
$71.9B
$19M 0.08%
14,292
-61,500
-81% -$75.5M
6 7
8
9 10

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.