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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
CDW icon
376
CDW
CDW
$17B
$6.4M 0.03%
35,845
-300
-0.8% -$51K
CPAY icon
377
Corpay
CPAY
$25.7B
$6.37M 0.03%
19,184
+300
+2% +$97.8K
VRSN icon
378
VeriSign
VRSN
$26.6B
$6.35M 0.03%
21,979
-100
-0.5% -$27.1K
CINF icon
379
Cincinnati Financial
CINF
$27.1B
$6.33M 0.03%
42,506
+100
+0.2% +$14.3K
WRB icon
380
W.R. Berkley
WRB
$26.6B
$6.3M 0.03%
85,719
+4,300
+5% +$308K
SW
381
Smurfit Westrock
SW
$25.3B
$6.28M 0.03%
145,564
+300
+0.2% +$12.8K
FSLR icon
382
First Solar
FSLR
$26.9B
$6.24M 0.03%
37,700
+3,100
+9% +$458K
EME icon
383
Emcor
EME
$36B
$6.23M 0.03%
11,648
-200
-2% -$88.3K
CTRA
384
DELISTED
Coterra Energy
CTRA
$6.2M 0.03%
244,459
+13,500
+6% +$342K
RF icon
385
Regions Financial
RF
$26.8B
$6.14M 0.03%
261,239
-1,100
-0.4% -$23.3K
TROW icon
386
T. Rowe Price
TROW
$24.3B
$6.12M 0.03%
63,413
-800
-1% -$73.5K
PODD icon
387
Insulet
PODD
$9.79B
$6M 0.03%
19,100
+100
+0.5% +$28.9K
EIX icon
388
Edison International
EIX
$26.4B
$6M 0.03%
116,212
+11,200
+11% +$614K
LDOS icon
389
Leidos
LDOS
$17.3B
$5.98M 0.03%
37,892
– –
HUBB icon
390
Hubbell
HUBB
$27.2B
$5.92M 0.03%
14,500
-100
-0.7% -$37.1K
WAT icon
391
Waters Corp
WAT
$39.9B
$5.9M 0.03%
16,897
+300
+2% +$103K
GPN icon
392
Global Payments
GPN
$22.8B
$5.82M 0.03%
72,678
+600
+0.8% +$47.5K
K
393
DELISTED
Kellanova
K
$5.82M 0.03%
73,121
+200
+0.3% +$16.3K
HAL icon
394
Halliburton
HAL
$26.6B
$5.81M 0.03%
284,922
+49,400
+21% +$1.04M
IBKR icon
395
Interactive Brokers
IBKR
$39.8B
$5.8M 0.03%
104,716
+400
+0.4% +$19K
CFG icon
396
Citizens Financial Group
CFG
$30.6B
$5.78M 0.03%
129,173
-400
-0.3% -$15.7K
AMCR icon
397
Amcor
AMCR
$22.1B
$5.73M 0.03%
124,615
+46,200
+59% +$2.13M
DLTR icon
398
Dollar Tree
DLTR
$25.2B
$5.64M 0.03%
56,969
+2,100
+4% +$181K
TWST icon
399
Twist Bioscience
TWST
$7.25B
$5.64M 0.03%
153,172
– –
CMS icon
400
CMS Energy
CMS
$22.3B
$5.63M 0.03%
81,299
+200
+0.2% +$14.3K
14 15
16
17 18

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.