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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
+9.85%
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
$20.8B
AUM Growth
+$1.49B
Cap. Flow
-$10.1M
Cap. Flow %
-0.05%
Top 10 Hldgs %
37.6%
Holding
964
New
20
Increased
152
Reduced
703
Closed
20

Top Buys

Rank Stock Value
1
HIMS icon
Hims & Hers Health
HIMS
+$34.8M
2
APP icon
Applovin
APP
+$33.8M
3
OSCR icon
Oscar Health
OSCR
+$23.9M
4
HOOD icon
Robinhood
HOOD
+$22.8M
5
KR icon
Kroger
KR
+$20.7M

Top Sells

Rank Stock Value
1
BIIB icon
Biogen
BIIB
+$33.5M
2
GEHC icon
GE HealthCare
GEHC
+$29.2M
3
BURL icon
Burlington
BURL
+$28.6M
4
VZ icon
Verizon
VZ
+$21.9M
5
ARM icon
Arm
ARM
+$20.7M

Sector Composition

Rank Sector Weight
1 Technology 32.79%
2 Financials 11.65%
3 Communication Services 10.3%
4 Consumer Discretionary 9.76%
5 Healthcare 8.41%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
KMI icon
226
Kinder Morgan
KMI
$70.1B
$15M 0.07%
528,845
+3,200
+0.6% +$87.6K
ICLR icon
227
Icon
ICLR
$12.8B
$14.9M 0.07%
85,070
+15,400
+22% +$2.58M
PSX icon
228
Phillips 66
PSX
$89.5B
$14.9M 0.07%
109,312
-1,500
-1% -$192K
WBD icon
229
Warner Bros
WBD
$67.9B
$14.5M 0.07%
743,725
+57,400
+8% +$782K
ROP icon
230
Roper Technologies
ROP
$39.5B
$14.5M 0.07%
29,111
-100
-0.3% -$53.3K
BDX icon
231
Becton Dickinson
BDX
$49.4B
$14.5M 0.07%
77,488
-400
-0.5% -$74.3K
ABNB icon
232
Airbnb
ABNB
$111B
$14.1M 0.07%
116,000
-1,400
-1% -$181K
WDAY icon
233
Workday
WDAY
$44.8B
$14.1M 0.07%
58,400
-500
-0.8% -$116K
DELL icon
234
Dell
DELL
$285B
$13.9M 0.07%
98,358
-180
-0.2% -$23.4K
STX icon
235
Seagate
STX
$186B
$13.6M 0.07%
57,505
-200
-0.3% -$34.1K
MNST icon
236
Monster Beverage
MNST
$89.2B
$13.5M 0.07%
402,032
+3,800
+1% +$119K
ROST icon
237
Ross Stores
ROST
$80.8B
$13.5M 0.06%
88,456
-1,000
-1% -$143K
AMP icon
238
Ameriprise Financial
AMP
$49.7B
$13.4M 0.06%
27,378
-400
-1% -$205K
MET icon
239
MetLife
MET
$61.5B
$13.4M 0.06%
162,856
-2,200
-1% -$173K
PSA icon
240
Public Storage
PSA
$60.7B
$13.2M 0.06%
45,721
-300
-0.7% -$86.1K
CBRE icon
241
CBRE Group
CBRE
$42.7B
$13.2M 0.06%
83,738
-600
-0.7% -$92.8K
WDC icon
242
Western Digital
WDC
$151B
$13.2M 0.06%
109,757
-1,000
-0.9% -$81.7K
BKR icon
243
Baker Hughes
BKR
$64.3B
$13M 0.06%
266,612
-2,800
-1% -$124K
MPWR icon
244
Monolithic Power Systems
MPWR
$68.9B
$13M 0.06%
14,070
-100
-0.7% -$81.1K
CARR icon
245
Carrier Global
CARR
$52.4B
$12.9M 0.06%
216,325
-500
-0.2% -$34K
EXC icon
246
Exelon
EXC
$46.2B
$12.9M 0.06%
286,903
-1,300
-0.5% -$57.1K
XEL icon
247
Xcel Energy
XEL
$48.5B
$12.9M 0.06%
159,994
+3,200
+2% +$232K
HPE icon
248
Hewlett Packard
HPE
$72B
$12.8M 0.06%
520,881
-2,300
-0.4% -$50.9K
EA
249
DELISTED
Electronic Arts
EA
$12.8M 0.06%
63,354
-1,100
-2% -$182K
GRMN
250
Garmin
GRMN
$59.7B
$12.7M 0.06%
51,697
+2,300
+5% +$531K
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
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
CHP
Castle Hook Partners New York $23.4B AUM 158.96% 1-Year Est. Return
OAG
Orbis Allan Gray Hamilton, Bermuda $23.7B AUM 65.43% 1-Year Est. Return
Jacobs Levy Equity Management
Jacobs Levy Equity Management Florham Park, New Jersey $23.8B AUM 25.4% 1-Year Est. Return

State of Michigan Retirement System's Q3 2025 Portfolio in Review

As of Q3 2025, State of Michigan Retirement System held 964 positions worth $20.8B, up 7.7% from $19.3B the previous quarter. Its ten largest holdings account for 38% of the portfolio.

Trading was light in Q3 2025: portfolio turnover was 4.1%. State of Michigan Retirement System opened 20 new positions and exited 20, leaving the 964-position portfolio largely intact.

By sector, the portfolio is most concentrated in Technology at 33% of assets, up from 31% a quarter earlier, followed by Financials and Communication Services.

  • State of Michigan Retirement System's largest Q3 2025 buy was Oscar Health: 1,450,000 shares worth $27.4M.
  • State of Michigan Retirement System added most to Hims & Hers Health in Q3 2025, an estimated $34.8M increase.
  • State of Michigan Retirement System's biggest Q3 2025 reduction was Biogen, cutting an estimated $33.5M.
  • State of Michigan Retirement System fully exited Arm in Q3 2025, selling an estimated $20.7M.
  • State of Michigan Retirement System's ten largest holdings make up 38% of its $20.8B portfolio in Q3 2025.
  • State of Michigan Retirement System opened 20 new positions and closed 20 in Q3 2025.
  • State of Michigan Retirement System's portfolio value rose 7.7% quarter-over-quarter to $20.8B.

Based on State of Michigan Retirement System's 13F filing for Q3 2025, filed 5 Nov 2025.