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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
MCHP icon
276
Microchip Technology
MCHP
$46B
$10.3M 0.05%
146,218
+300
+0.2% +$16.5K
TRGP icon
277
Targa Resources
TRGP
$55.1B
$10.3M 0.05%
59,000
-200
-0.3% -$33.6K
ROK icon
278
Rockwell Automation
ROK
$49B
$10.2M 0.05%
30,613
-100
-0.3% -$28.5K
ICLR icon
279
Icon
ICLR
$12.7B
$10.1M 0.05%
69,670
– –
ETR icon
280
Entergy
ETR
$50B
$10.1M 0.05%
121,404
+5,100
+4% +$421K
NDAQ icon
281
Nasdaq
NDAQ
$52.9B
$10M 0.05%
112,390
+100
+0.1% +$7.98K
SYY icon
282
Sysco
SYY
$40.3B
$9.98M 0.05%
131,817
-900
-0.7% -$65.4K
VICI icon
283
VICI Properties
VICI
$29.4B
$9.87M 0.05%
302,800
+16,800
+6% +$535K
CSGP icon
284
CoStar Group
CSGP
$12.3B
$9.79M 0.05%
121,800
-2,100
-2% -$164K
ACGL icon
285
Arch Capital
ACGL
$33.6B
$9.69M 0.05%
106,400
-1,300
-1% -$120K
PCG icon
286
PG&E
PCG
$38.5B
$9.65M 0.05%
692,160
+46,500
+7% +$756K
ETHE
287
Grayscale Ethereum Staking ETF Shares
ETHE
$1.55B
$9.6M 0.05%
460,000
– –
XYZ
288
Block Inc
XYZ
$47.5B
$9.59M 0.05%
141,246
-634,700
-82% -$36.9M
EQT icon
289
EQT Corp
EQT
$32.3B
$9.49M 0.05%
162,800
-16,900
-9% -$912K
A icon
290
Agilent Technologies
A
$41.2B
$9.47M 0.05%
80,281
– –
SSYS icon
291
Stratasys
SSYS
$774M
$9.38M 0.05%
817,503
– –
VMC icon
292
Vulcan Materials
VMC
$36.9B
$9.36M 0.05%
35,876
+100
+0.3% +$25.7K
EBAY icon
293
eBay
EBAY
$49.8B
$9.33M 0.05%
125,328
-4,600
-4% -$326K
DXCM icon
294
DexCom
DXCM
$32B
$9.31M 0.05%
106,600
+600
+0.6% +$47K
IT icon
295
Gartner
IT
$11.7B
$9.28M 0.05%
22,947
+2,100
+10% +$879K
DAL icon
296
Delta Air Lines
DAL
$60.1B
$9.22M 0.05%
187,503
+4,700
+3% +$216K
FANG icon
297
Diamondback Energy
FANG
$52.7B
$9.21M 0.05%
67,063
+9,300
+16% +$1.29M
LEN icon
298
Lennar Class A
LEN
$21.2B
$9.2M 0.05%
83,215
– –
IR icon
299
Ingersoll Rand
IR
$33.7B
$9.13M 0.05%
109,723
+400
+0.4% +$31.5K
NUE icon
300
Nucor
NUE
$62.1B
$9.12M 0.05%
70,410
-1,300
-2% -$152K
10 11
12
13 14

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.