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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
NVR icon
326
NVR
NVR
$16.7B
$8.4M 0.04%
1,046
– –
EXPE icon
327
Expedia Group
EXPE
$38.2B
$8.37M 0.04%
39,164
-1,100
-3% -$221K
AWK icon
328
American Water Works
AWK
$26.9B
$8.35M 0.04%
59,997
-200
-0.3% -$28.3K
IBKR icon
329
Interactive Brokers
IBKR
$42B
$8.28M 0.04%
120,400
+15,684
+15% +$987K
FSLR icon
330
First Solar
FSLR
$24.6B
$8.27M 0.04%
37,500
-200
-0.5% -$38.4K
IRM icon
331
Iron Mountain
IRM
$37B
$8.14M 0.04%
79,846
-400
-0.5% -$38.5K
KEYS icon
332
Keysight
KEYS
$60.4B
$8.14M 0.04%
46,531
-500
-1% -$83.3K
EXR icon
333
Extra Space Storage
EXR
$31B
$8.09M 0.04%
57,379
-300
-0.5% -$43.1K
KHC icon
334
Kraft Heinz
KHC
$28.8B
$8.08M 0.04%
310,439
-4,400
-1% -$120K
IR icon
335
Ingersoll Rand
IR
$32.7B
$8.08M 0.04%
97,823
-11,900
-11% -$975K
WSM icon
336
Williams-Sonoma
WSM
$28.9B
$8.01M 0.04%
41,000
-100
-0.2% -$19.1K
DTE icon
337
DTE Energy
DTE
$28.7B
$7.95M 0.04%
56,177
-200
-0.4% -$27.4K
TDY icon
338
Teledyne Technologies
TDY
$31.5B
$7.89M 0.04%
13,469
-100
-0.7% -$54.7K
ES icon
339
Eversource Energy
ES
$26.7B
$7.89M 0.04%
110,933
+400
+0.4% +$26.2K
AVB icon
340
AvalonBay Communities
AVB
$25.8B
$7.88M 0.04%
40,811
-200
-0.5% -$38.9K
EXE
341
Expand Energy Corp
EXE
$22.5B
$7.88M 0.04%
74,200
+5,500
+8% +$552K
DVN icon
342
Devon Energy
DVN
$49.5B
$7.87M 0.04%
224,491
-2,900
-1% -$98.7K
ULTA icon
343
Ulta Beauty
ULTA
$23B
$7.85M 0.04%
14,353
-100
-0.7% -$51.2K
HSY icon
344
Hershey
HSY
$36.3B
$7.81M 0.04%
41,734
-200
-0.5% -$36.3K
JBL icon
345
Jabil
JBL
$38.6B
$7.77M 0.04%
35,800
-200
-0.6% -$43.6K
SYF icon
346
Synchrony
SYF
$25.5B
$7.73M 0.04%
108,740
-2,900
-3% -$210K
AEE icon
347
Ameren
AEE
$30B
$7.63M 0.04%
73,087
-400
-0.5% -$39.9K
VLTO icon
348
Veralto
VLTO
$23.6B
$7.55M 0.04%
70,848
-200
-0.3% -$21.1K
BR icon
349
Broadridge
BR
$19.1B
$7.54M 0.04%
31,660
-300
-0.9% -$74.7K
BRO icon
350
Brown & Brown
BRO
$23.5B
$7.43M 0.04%
79,251
+3,100
+4% +$302K
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
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.