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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
KHC icon
326
Kraft Heinz
KHC
$30B
$8.13M 0.04%
314,839
+3,700
+1% +$103K
EXE
327
Expand Energy Corp
EXE
$21.5B
$8.03M 0.04%
68,700
-3,500
-5% -$391K
RJF icon
328
Raymond James Financial
RJF
$34B
$7.98M 0.04%
52,044
+2,000
+4% +$286K
FITB
329
Fifth Third Bancorp
FITB
$51.8B
$7.88M 0.04%
191,616
+900
+0.5% +$33.8K
WBD icon
330
Warner Bros
WBD
$67.1B
$7.87M 0.04%
686,325
-23,100
-3% -$215K
JBL icon
331
Jabil
JBL
$35.8B
$7.85M 0.04%
36,000
+300
+0.8% +$48.6K
ATO icon
332
Atmos Energy
ATO
$28.8B
$7.83M 0.04%
50,810
-1,800
-3% -$280K
BR icon
333
Broadridge
BR
$19B
$7.77M 0.04%
31,960
+200
+0.6% +$47.5K
VTR icon
334
Ventas
VTR
$47.9B
$7.75M 0.04%
122,705
+4,100
+3% +$268K
NVR icon
335
NVR
NVR
$17B
$7.73M 0.04%
1,046
+100
+11% +$717K
GIS icon
336
General Mills
GIS
$19.7B
$7.71M 0.04%
148,902
-600
-0.4% -$33.1K
KEYS icon
337
Keysight
KEYS
$58.3B
$7.71M 0.04%
47,031
+100
+0.2% +$15.2K
NTAP icon
338
NetApp
NTAP
$37.2B
$7.7M 0.04%
72,229
+2,100
+3% +$199K
DTE icon
339
DTE Energy
DTE
$29.1B
$7.47M 0.04%
56,377
+200
+0.4% +$26.9K
SYF icon
340
Synchrony
SYF
$25.6B
$7.45M 0.04%
111,640
-1,200
-1% -$67.1K
ON icon
341
ON Semiconductor
ON
$31.6B
$7.39M 0.04%
141,036
+3,700
+3% +$161K
UAL icon
342
United Airlines
UAL
$42.1B
$7.29M 0.04%
91,528
+2,300
+3% +$169K
PPG icon
343
PPG Industries
PPG
$26.6B
$7.27M 0.04%
63,943
-1,300
-2% -$141K
DVN icon
344
Devon Energy
DVN
$47.3B
$7.23M 0.04%
227,391
+36,500
+19% +$1.16M
VLTO icon
345
Veralto
VLTO
$24B
$7.17M 0.04%
71,048
+400
+0.6% +$38.6K
WDC icon
346
Western Digital
WDC
$150B
$7.09M 0.04%
110,757
+5,600
+5% +$267K
AEE icon
347
Ameren
AEE
$30.1B
$7.06M 0.04%
73,487
+300
+0.4% +$29.1K
IQV icon
348
IQVIA
IQV
$39.3B
$7.04M 0.04%
44,694
-700
-2% -$105K
HBAN icon
349
Huntington Bancshares
HBAN
$35.5B
$7.04M 0.04%
420,150
+3,100
+0.7% +$46.8K
ES icon
350
Eversource Energy
ES
$27.2B
$7.03M 0.04%
110,533
+3,900
+4% +$240K
12 13
14
15 16

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.