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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
VRSK icon
251
Verisk Analytics
VRSK
$25B
$11.9M 0.06%
38,056
-300
-0.8% -$91K
CBRE icon
252
CBRE Group
CBRE
$42.9B
$11.8M 0.06%
84,338
-3,000
-3% -$379K
FIS icon
253
Fidelity National Information Services
FIS
$22.1B
$11.6M 0.06%
142,903
-800
-0.6% -$62.2K
KMB icon
254
Kimberly-Clark
KMB
$36.5B
$11.6M 0.06%
90,216
+200
+0.2% +$27.1K
PEG icon
255
Public Service Enterprise Group
PEG
$37.7B
$11.4M 0.06%
135,666
-12,200
-8% -$984K
ROST icon
256
Ross Stores
ROST
$81.9B
$11.4M 0.06%
89,456
– –
AME icon
257
Ametek
AME
$58.2B
$11.4M 0.06%
62,753
– –
PRU icon
258
Prudential Financial
PRU
$41.8B
$11.3M 0.06%
105,555
+1,100
+1% +$114K
YUM icon
259
Yum! Brands
YUM
$41.1B
$11.2M 0.06%
75,614
-100
-0.1% -$14.6K
TTWO icon
260
Take-Two Interactive
TTWO
$46.1B
$11.2M 0.06%
46,092
+1,600
+4% +$360K
ED icon
261
Consolidated Edison
ED
$39.9B
$11.2M 0.06%
111,242
+7,200
+7% +$762K
CHTR icon
262
Charter Communications
CHTR
$18.2B
$11.1M 0.06%
27,097
+900
+3% +$344K
KVUE icon
263
Kenvue
KVUE
$36.9B
$10.9M 0.06%
522,039
+1,900
+0.4% +$43.2K
HIG icon
264
Hartford Financial Services
HIG
$39.3B
$10.8M 0.06%
84,841
+2,800
+3% +$348K
ARKB icon
265
ARK 21Shares Bitcoin ETF
ARKB
$2.48B
$10.7M 0.06%
300,000
– –
RMD icon
266
ResMed
RMD
$30.7B
$10.7M 0.06%
41,511
+200
+0.5% +$47.7K
HPE icon
267
Hewlett Packard
HPE
$70.5B
$10.7M 0.06%
523,181
+14,200
+3% +$238K
XEL icon
268
Xcel Energy
XEL
$48.8B
$10.7M 0.06%
156,794
+1,000
+0.6% +$69.3K
OTIS icon
269
Otis Worldwide
OTIS
$28.2B
$10.6M 0.06%
107,307
-300
-0.3% -$29K
WAB icon
270
Wabtec
WAB
$49.3B
$10.5M 0.05%
50,016
+500
+1% +$96.1K
HES
271
DELISTED
Hess
HES
$10.4M 0.05%
75,341
+400
+0.5% +$54K
MPWR icon
272
Monolithic Power Systems
MPWR
$68.9B
$10.4M 0.05%
14,170
+400
+3% +$255K
BKR icon
273
Baker Hughes
BKR
$61.1B
$10.3M 0.05%
269,412
+800
+0.3% +$30.2K
GRMN
274
Garmin
GRMN
$60B
$10.3M 0.05%
49,397
+800
+2% +$159K
EA
275
DELISTED
Electronic Arts
EA
$10.3M 0.05%
64,454
-2,600
-4% -$384K
9 10
11
12 13

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.