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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
RSG icon
251
Republic Services
RSG
$65.9B
$12.6M 0.06%
54,887
-300
-0.5% -$70.4K
AIG icon
252
American International
AIG
$40.4B
$12.5M 0.06%
159,767
-6,900
-4% -$551K
DDOG icon
253
Datadog
DDOG
$88.6B
$12.4M 0.06%
+87,400
New +$12M
OKE icon
254
Oneok
OKE
$57.7B
$12.4M 0.06%
170,281
+400
+0.2% +$30.6K
CTVA icon
255
Corteva
CTVA
$50.9B
$12.4M 0.06%
183,710
-1,800
-1% -$130K
GWW icon
256
W.W. Grainger
GWW
$61.3B
$12.4M 0.06%
13,017
– –
TMDX icon
257
Transmedics
TMDX
$3.1B
$12.1M 0.06%
108,000
– –
TTWO icon
258
Take-Two Interactive
TTWO
$46.8B
$12.1M 0.06%
46,892
+800
+2% +$189K
PAYX icon
259
Paychex
PAYX
$43.1B
$12.1M 0.06%
95,277
+500
+0.5% +$69.4K
TGT icon
260
Target
TGT
$69.2B
$11.8M 0.06%
131,222
-600
-0.5% -$59.1K
AME icon
261
Ametek
AME
$58.8B
$11.7M 0.06%
62,453
-300
-0.5% -$55.2K
FDS icon
262
Factset
FDS
$10.1B
$11.5M 0.06%
40,235
+6,600
+20% +$2.52M
ARKB icon
263
ARK 21Shares Bitcoin ETF
ARKB
$2.42B
$11.4M 0.05%
300,000
– –
YUM icon
264
Yum! Brands
YUM
$39.5B
$11.4M 0.05%
75,014
-600
-0.8% -$88.3K
CCI icon
265
Crown Castle
CCI
$31.3B
$11.4M 0.05%
117,752
-700
-0.6% -$70.8K
RMD icon
266
ResMed
RMD
$32.6B
$11.3M 0.05%
41,211
-300
-0.7% -$81.9K
PEG icon
267
Public Service Enterprise Group
PEG
$37.5B
$11.3M 0.05%
134,966
-700
-0.5% -$58.7K
ETR icon
268
Entergy
ETR
$49.7B
$11.2M 0.05%
120,704
-700
-0.6% -$61.6K
EBAY icon
269
eBay
EBAY
$47.2B
$11.2M 0.05%
123,628
-1,700
-1% -$150K
HIG icon
270
Hartford Financial Services
HIG
$38.1B
$11.2M 0.05%
83,641
-1,200
-1% -$154K
KMB icon
271
Kimberly-Clark
KMB
$36.1B
$11.2M 0.05%
89,716
-500
-0.6% -$64.6K
ED icon
272
Consolidated Edison
ED
$39.8B
$11.1M 0.05%
110,842
-400
-0.4% -$40.1K
CTSH icon
273
Cognizant
CTSH
$26.4B
$11.1M 0.05%
165,323
-2,000
-1% -$145K
VMC icon
274
Vulcan Materials
VMC
$37.3B
$11M 0.05%
35,776
-100
-0.3% -$28.4K
ODFL icon
275
Old Dominion Freight Line
ODFL
$43.4B
$10.9M 0.05%
77,588
-600
-0.8% -$91.9K
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
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.