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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
(+7.7%)
Cap. Flow
-$10.1M
Cap. Flow
% of AUM
-0.05%
Top 10 Holdings %
Top 10 Hldgs %
37.6%
Holding
964
New
20
Increased
152
Reduced
703
Closed
20
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Hims & Hers Health
HIMS
|
+$34.8M |
| 2 |
Applovin
APP
|
+$33.8M |
| 3 |
Oscar Health
OSCR
|
+$23.9M |
| 4 |
Robinhood
HOOD
|
+$22.8M |
| 5 |
Kroger
KR
|
+$20.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Biogen
BIIB
|
+$33.5M |
| 2 |
GE HealthCare
GEHC
|
+$29.2M |
| 3 |
Burlington
BURL
|
+$28.6M |
| 4 |
Verizon
VZ
|
+$21.9M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
|
PPL
351
PPL Corp
PPL
$26.5B
| $7.43M | 0.04% |
199,986
-1,000
| -0.5% | -$35.9K |
|
352
Cboe Global Markets
CBOE
$30B
| $7.33M | 0.04% |
29,903
-200
| -0.7% | -$48.1K |
|
353
General Mills
GIS
$20.1B
| $7.29M | 0.04% |
144,602
-4,300
| -3% | -$216K |
|
354
Huntington Bancshares
HBAN
$35.9B
| $7.26M | 0.03% |
420,450
+300
| +0.1% | +$5.13K |
|
355
Charter Communications
CHTR
$17.9B
| $7.21M | 0.03% |
26,197
-900
| -3% | -$272K |
|
356
DexCom
DXCM
$33.6B
| $7.14M | 0.03% |
106,100
-500
| -0.5% | -$39.6K |
|
357
Leidos
LDOS
$17.5B
| $7.1M | 0.03% |
37,592
-300
| -0.8% | -$52.2K |
|
358
Live Nation Entertainment
LYV
$42.9B
| $6.96M | 0.03% |
42,611
-200
| -0.5% | -$31.6K |
|
359
Northern Trust
NTRS
$34.8B
| $6.96M | 0.03% |
51,713
-1,200
| -2% | -$154K |
|
360
Halliburton
HAL
$28B
| $6.93M | 0.03% |
281,822
-3,100
| -1% | -$68.6K |
|
361
Comfort Systems
FIX
$61.8B
| $6.93M | 0.03% |
8,400
-100
| -1% | -$67.8K |
|
362
Labcorp
LH
$25.9B
| $6.91M | 0.03% |
24,087
-300
| -1% | -$80.4K |
|
363
Mettler-Toledo International
MTD
$28.6B
| $6.87M | 0.03% |
5,596
-100
| -2% | -$125K |
|
364
CenterPoint Energy
CNP
$26.6B
| $6.85M | 0.03% |
176,547
-900
| -0.5% | -$34K |
|
365
Regions Financial
RF
$26.9B
| $6.81M | 0.03% |
258,139
-3,100
| -1% | -$80.5K |
|
366
ON Semiconductor
ON
$32.5B
| $6.81M | 0.03% |
138,036
-3,000
| -2% | -$158K |
|
367
Citizens Financial Group
CFG
$30.9B
| $6.8M | 0.03% |
127,973
-1,200
| -0.9% | -$59.7K |
|
368
Cincinnati Financial
CINF
$26.5B
| $6.69M | 0.03% |
42,306
-200
| -0.5% | -$30.4K |
|
369
Toast
TOST
$19.4B
| $6.68M | 0.03% |
+183,000
| New | +$7.94M |
|
370
PPG Industries
PPG
$25.5B
| $6.65M | 0.03% |
63,243
-700
| -1% | -$77.8K |
|
371
International Paper
IP
$21.8B
| $6.63M | 0.03% |
142,796
-700
| -0.5% | -$34.2K |
|
372
Steris
STE
$22.9B
| $6.59M | 0.03% |
26,648
-100
| -0.4% | -$23.9K |
|
373
PTC
PTC
$16.1B
| $6.57M | 0.03% |
32,354
-300
| -0.9% | -$61.2K |
|
374
W.R. Berkley
WRB
$26B
| $6.53M | 0.03% |
85,219
-500
| -0.6% | -$35.6K |
|
375
Super Micro Computer
SMCI
$23.1B
| $6.5M | 0.03% |
135,600
-4,000
| -3% | -$191K |
|
Similar funds
FAM
BA
CAM
CHP
OAG
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.