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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
MDLZ icon
201
Mondelez International
MDLZ
$78.8B
$19M 0.08%
328,670
-6,200
-2% -$374K
MSI icon
202
Motorola Solutions
MSI
$72.6B
$18.9M 0.08%
45,508
-900
-2% -$377K
CL icon
203
Colgate-Palmolive
CL
$71.9B
$18.8M 0.08%
204,929
-5,600
-3% -$490K
TRV icon
204
Travelers Companies
TRV
$78B
$18.7M 0.08%
56,653
-2,100
-4% -$636K
SLB icon
205
SLB Ltd
SLB
$73.2B
$18.7M 0.08%
401,838
-66,400
-14% -$3.56M
MELI icon
206
Mercado Libre
MELI
$96.3B
$18.7M 0.08%
11,000
– –
MCO icon
207
Moody's
MCO
$83.7B
$18.4M 0.08%
40,606
-1,500
-4% -$674K
CRH icon
208
CRH
CRH
$65.6B
$18.3M 0.08%
171,100
-4,000
-2% -$440K
TWST icon
209
Twist Bioscience
TWST
$6.29B
$18.3M 0.08%
177,401
+24,229
+16% +$1.58M
HON icon
210
Honeywell
HON
$78.2B
$18.2M 0.08%
81,108
-84,707
-51% -$18.9M
MNST icon
211
Monster Beverage
MNST
$91.5B
$18.1M 0.08%
188,716
-3,500
-2% -$294K
AON icon
212
Aon
AON
$75.9B
$18.1M 0.08%
54,658
-1,400
-2% -$452K
NSC icon
213
Norfolk Southern
NSC
$75.6B
$18.1M 0.08%
57,490
-1,200
-2% -$370K
HONA
214
Honeywell Aerospace
HONA
$66B
$17.9M 0.08%
+81,107
New +$17.9M
DASH icon
215
DoorDash
DASH
$87.4B
$17.9M 0.08%
96,900
-800
-0.8% -$132K
CIEN icon
216
Ciena
CIEN
$55.3B
$17.8M 0.08%
36,200
-600
-2% -$306K
TGT icon
217
Target
TGT
$67.8B
$17.8M 0.08%
135,922
+2,400
+2% +$305K
MPWR icon
218
Monolithic Power Systems
MPWR
$66B
$17.7M 0.08%
12,811
-1,159
-8% -$1.74M
TEL icon
219
TE Connectivity
TEL
$59.4B
$17.5M 0.08%
86,623
-4,200
-5% -$895K
TFC icon
220
Truist Financial
TFC
$63.4B
$17.5M 0.08%
350,443
-10,100
-3% -$497K
NOC icon
221
Northrop Grumman
NOC
$77.9B
$17.4M 0.08%
34,218
-600
-2% -$346K
PSX icon
222
Phillips 66
PSX
$82.7B
$17.3M 0.08%
102,612
-2,600
-2% -$448K
DAL icon
223
Delta Air Lines
DAL
$60.2B
$17.2M 0.08%
184,003
+600
+0.3% +$45.3K
LITE icon
224
Lumentum
LITE
$60.7B
$17.1M 0.08%
19,900
+1,200
+6% +$1.07M
FLEX icon
225
Flex
FLEX
$43B
$17M 0.08%
104,700
+7,500
+8% +$910K
7 8
9
10 11

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.