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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
NDAQ icon
276
Nasdaq
NDAQ
$53.2B
$10.8M 0.05%
122,590
+10,200
+9% +$945K
PRU icon
277
Prudential Financial
PRU
$42B
$10.8M 0.05%
104,455
-1,100
-1% -$116K
PHM icon
278
Pultegroup
PHM
$24.8B
$10.7M 0.05%
80,969
-1,200
-1% -$149K
SYY icon
279
Sysco
SYY
$40.3B
$10.6M 0.05%
129,117
-2,700
-2% -$216K
ROK icon
280
Rockwell Automation
ROK
$50.1B
$10.6M 0.05%
30,413
-200
-0.7% -$69.1K
DAL icon
281
Delta Air Lines
DAL
$59.1B
$10.5M 0.05%
185,403
-2,100
-1% -$120K
PCG icon
282
PG&E
PCG
$38.1B
$10.4M 0.05%
688,960
-3,200
-0.5% -$46.7K
MLM icon
283
Martin Marietta Materials
MLM
$32.9B
$10.3M 0.05%
16,337
-100
-0.6% -$59.6K
CSGP icon
284
CoStar Group
CSGP
$12.4B
$10.3M 0.05%
121,700
-100
-0.1% -$8.84K
LEN icon
285
Lennar Class A
LEN
$20.7B
$10.3M 0.05%
81,415
-1,800
-2% -$223K
A icon
286
Agilent Technologies
A
$41.9B
$10.2M 0.05%
79,581
-700
-0.9% -$84.5K
ADM icon
287
Archer Daniels Midland
ADM
$38.8B
$10M 0.05%
167,441
-700
-0.4% -$41K
WEC icon
288
WEC Energy
WEC
$35.6B
$9.98M 0.05%
87,084
+300
+0.3% +$32.5K
WAB icon
289
Wabtec
WAB
$50.3B
$9.97M 0.05%
49,716
-300
-0.6% -$59.2K
VICI icon
290
VICI Properties
VICI
$28.6B
$9.91M 0.05%
303,900
+1,100
+0.4% +$36.3K
TRGP icon
291
Targa Resources
TRGP
$57.5B
$9.75M 0.05%
58,200
-800
-1% -$133K
FICO icon
292
Fair Isaac
FICO
$22.2B
$9.73M 0.05%
6,500
-100
-2% -$150K
OXY icon
293
Occidental Petroleum
OXY
$58.8B
$9.72M 0.05%
205,739
+1,700
+0.8% +$76.8K
XYL icon
294
Xylem
XYL
$28.8B
$9.72M 0.05%
65,875
-300
-0.5% -$41.6K
OTIS icon
295
Otis Worldwide
OTIS
$27.8B
$9.7M 0.05%
106,107
-1,200
-1% -$109K
FANG icon
296
Diamondback Energy
FANG
$56.4B
$9.6M 0.05%
67,063
– –
ACGL icon
297
Arch Capital
ACGL
$33.6B
$9.56M 0.05%
105,400
-1,000
-0.9% -$89.7K
STT icon
298
State Street
STT
$51.8B
$9.54M 0.05%
82,228
-800
-1% -$89.3K
VRSK icon
299
Verisk Analytics
VRSK
$23.3B
$9.5M 0.05%
37,756
-300
-0.8% -$82.3K
TSCO icon
300
Tractor Supply
TSCO
$18.4B
$9.45M 0.05%
166,235
-800
-0.5% -$47.1K
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
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.