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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
+15.14%
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
$19.3B
AUM Growth
+$1.98B
Cap. Flow
-$3.03M
Cap. Flow %
-0.02%
Top 10 Hldgs %
35.68%
Holding
951
New
7
Increased
468
Reduced
323
Closed
7

Top Buys

Rank Stock Value
1
BIIB icon
Biogen
BIIB
+$31.3M
2
HIMS icon
Hims & Hers Health
HIMS
+$28.6M
3
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$26.1M
4
VZ icon
Verizon
VZ
+$20.6M
5
COF icon
Capital One
COF
+$13.5M

Top Sells

Rank Stock Value
1
RITM icon
Rithm Capital
RITM
+$66.9M
2
NEE icon
NextEra Energy
NEE
+$59.1M
3
XYZ
Block Inc
XYZ
+$36.9M
4
MTUM icon
iShares MSCI USA Momentum Factor ETF
MTUM
+$19.4M
5
DFS
Discover Financial Services
DFS
+$11.6M

Sector Composition

Rank Sector Weight
1 Technology 31.42%
2 Financials 12%
3 Consumer Discretionary 9.92%
4 Communication Services 9.88%
5 Healthcare 8.87%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
LHX icon
226
L3Harris
LHX
$53.4B
$14M 0.07%
55,630
– –
MPC icon
227
Marathon Petroleum
MPC
$83.7B
$13.9M 0.07%
83,510
-2,200
-3% -$330K
OKE icon
228
Oneok
OKE
$54.5B
$13.9M 0.07%
169,881
+1,600
+1% +$133K
CTVA icon
229
Corteva
CTVA
$51.3B
$13.8M 0.07%
185,510
-500
-0.3% -$33.3K
PAYX icon
230
Paychex
PAYX
$42.7B
$13.8M 0.07%
94,777
+400
+0.4% +$60.2K
RSG icon
231
Republic Services
RSG
$65.7B
$13.6M 0.07%
55,187
+100
+0.2% +$24.7K
GWW icon
232
W.W. Grainger
GWW
$60.2B
$13.5M 0.07%
13,017
– –
SHOP icon
233
Shopify
SHOP
$195B
$13.5M 0.07%
117,200
– –
PSA icon
234
Public Storage
PSA
$61.3B
$13.5M 0.07%
46,021
-1,100
-2% -$326K
BDX icon
235
Becton Dickinson
BDX
$48.2B
$13.4M 0.07%
77,888
– –
GLW icon
236
Corning
GLW
$143B
$13.4M 0.07%
254,959
-1,000
-0.4% -$46.8K
CMI icon
237
Cummins
CMI
$88.7B
$13.4M 0.07%
40,837
-200
-0.5% -$61.9K
MET icon
238
MetLife
MET
$62.1B
$13.3M 0.07%
165,056
-4,000
-2% -$309K
PSX icon
239
Phillips 66
PSX
$81.4B
$13.2M 0.07%
110,812
-1,200
-1% -$134K
VLO icon
240
Valero Energy
VLO
$85.9B
$13.1M 0.07%
97,162
-200
-0.2% -$24.9K
CTSH icon
241
Cognizant
CTSH
$26B
$13.1M 0.07%
167,323
+1,300
+0.8% +$99.6K
TGT icon
242
Target
TGT
$68B
$13M 0.07%
131,822
+7,500
+6% +$720K
ODFL icon
243
Old Dominion Freight Line
ODFL
$44.9B
$12.7M 0.07%
78,188
-500
-0.6% -$79.8K
EXC icon
244
Exelon
EXC
$47B
$12.5M 0.06%
288,203
+15,500
+6% +$690K
MNST icon
245
Monster Beverage
MNST
$88.5B
$12.5M 0.06%
199,116
+1,100
+0.6% +$67.2K
BROS icon
246
Dutch Bros
BROS
$9.26B
$12.3M 0.06%
180,000
– –
KDP icon
247
Keurig Dr Pepper
KDP
$40.8B
$12.2M 0.06%
369,300
+45,400
+14% +$1.54M
CCI icon
248
Crown Castle
CCI
$32.2B
$12.2M 0.06%
118,452
+600
+0.5% +$60.7K
DELL icon
249
Dell
DELL
$293B
$12.1M 0.06%
98,538
-1,120
-1% -$114K
FICO icon
250
Fair Isaac
FICO
$22.5B
$12.1M 0.06%
6,600
– –
8 9
10
11 12

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
DSA
Davis Selected Advisers Tucson, Arizona $21.8B AUM 23.45% 1-Year Est. Return

State of Michigan Retirement System's Q2 2025 Portfolio in Review

As of Q2 2025, State of Michigan Retirement System held 951 positions worth $19.3B, up 11% from $17.3B the previous quarter. Its ten largest holdings account for 36% of the portfolio.

Trading was light in Q2 2025: portfolio turnover was 1.5%. State of Michigan Retirement System opened 7 new positions and exited 7, leaving the 951-position portfolio largely intact.

By sector, the portfolio is most concentrated in Technology at 31% of assets, up from 28% a quarter earlier, followed by Financials and Consumer Discretionary.

  • State of Michigan Retirement System's largest Q2 2025 buy was Coinbase: 57,500 shares worth $20.2M.
  • State of Michigan Retirement System added most to Biogen in Q2 2025, an estimated $31.3M increase.
  • State of Michigan Retirement System's biggest Q2 2025 reduction was Rithm Capital, cutting an estimated $66.9M.
  • State of Michigan Retirement System fully exited Discover Financial Services in Q2 2025, selling an estimated $11.6M.
  • State of Michigan Retirement System's ten largest holdings make up 36% of its $19.3B portfolio in Q2 2025.
  • State of Michigan Retirement System opened 7 new positions and closed 7 in Q2 2025.
  • State of Michigan Retirement System's portfolio value rose 11% quarter-over-quarter to $19.3B.

Based on State of Michigan Retirement System's 13F filing for Q2 2025, filed 5 Aug 2025.