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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
CBOE icon
351
Cboe Global Markets
CBOE
$30.3B
$7.02M 0.04%
30,103
– –
GDDY icon
352
GoDaddy
GDDY
$11.5B
$6.97M 0.04%
38,700
+400
+1% +$71.8K
HSY icon
353
Hershey
HSY
$36.7B
$6.96M 0.04%
41,934
+300
+0.7% +$49.4K
TYL icon
354
Tyler Technologies
TYL
$13.1B
$6.96M 0.04%
11,737
+100
+0.9% +$56.6K
TDY icon
355
Teledyne Technologies
TDY
$32.3B
$6.95M 0.04%
13,569
+900
+7% +$434K
DRI icon
356
Darden Restaurants
DRI
$24.6B
$6.93M 0.04%
31,812
– –
SBAC icon
357
SBA Communications
SBAC
$19.2B
$6.87M 0.04%
29,242
+100
+0.3% +$22.9K
DG icon
358
Dollar General
DG
$27.3B
$6.85M 0.04%
59,854
+200
+0.3% +$19.9K
SMCI icon
359
Super Micro Computer
SMCI
$20.5B
$6.84M 0.04%
139,600
+3,000
+2% +$116K
DOV icon
360
Dover
DOV
$28.4B
$6.84M 0.04%
37,323
+100
+0.3% +$17.4K
PPL
361
PPL Corp
PPL
$26.4B
$6.81M 0.04%
200,986
-14,062
-7% -$489K
EXPE icon
362
Expedia Group
EXPE
$37.1B
$6.79M 0.04%
40,264
+600
+2% +$97.3K
STZ icon
363
Constellation Brands
STZ
$22.8B
$6.78M 0.04%
41,658
-500
-1% -$89.7K
ULTA icon
364
Ulta Beauty
ULTA
$23.7B
$6.76M 0.04%
14,453
-300
-2% -$124K
TPL icon
365
Texas Pacific Land
TPL
$24.2B
$6.76M 0.04%
19,200
+900
+5% +$368K
IP icon
366
International Paper
IP
$21.8B
$6.72M 0.03%
143,496
+500
+0.3% +$23.6K
WSM icon
367
Williams-Sonoma
WSM
$29.6B
$6.71M 0.03%
41,100
+1,000
+2% +$157K
NTRS icon
368
Northern Trust
NTRS
$34.3B
$6.71M 0.03%
52,913
-300
-0.6% -$30.7K
MTD icon
369
Mettler-Toledo International
MTD
$28.8B
$6.69M 0.03%
5,696
– –
EQR icon
370
Equity Residential
EQR
$24.7B
$6.64M 0.03%
98,325
-1,400
-1% -$96.2K
CNP icon
371
CenterPoint Energy
CNP
$26.5B
$6.52M 0.03%
177,447
+600
+0.3% +$22.2K
LYV icon
372
Live Nation Entertainment
LYV
$42.9B
$6.48M 0.03%
42,811
+300
+0.7% +$41.3K
CHD icon
373
Church & Dwight Co
CHD
$24.5B
$6.43M 0.03%
66,951
+200
+0.3% +$19.7K
STE icon
374
Steris
STE
$23.1B
$6.43M 0.03%
26,748
+100
+0.4% +$23.3K
LH icon
375
Labcorp
LH
$25.9B
$6.4M 0.03%
24,387
-400
-2% -$97.4K
13 14
15
16 17

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
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
CHP
Castle Hook Partners New York $23.4B AUM 158.96% 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.