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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
APTV icon
376
Aptiv
APTV
$10.1B
$6.5M 0.03%
75,349
-400
-0.5% -$30.2K
SW
377
Smurfit Westrock
SW
$26.2B
$6.47M 0.03%
151,964
+6,400
+4% +$290K
TROW icon
378
T. Rowe Price
TROW
$23.8B
$6.46M 0.03%
62,913
-500
-0.8% -$52.5K
FE icon
379
FirstEnergy
FE
$27.2B
$6.44M 0.03%
140,544
+900
+0.6% +$38.4K
EQR icon
380
Equity Residential
EQR
$24.7B
$6.43M 0.03%
99,325
+1,000
+1% +$65.4K
LULU icon
381
lululemon athletica
LULU
$13.7B
$6.42M 0.03%
36,108
-600
-2% -$120K
EIX icon
382
Edison International
EIX
$26.9B
$6.4M 0.03%
115,712
-500
-0.4% -$27K
TPR icon
383
Tapestry
TPR
$26B
$6.37M 0.03%
56,299
-200
-0.4% -$20.9K
VRSN icon
384
VeriSign
VRSN
$26B
$6.37M 0.03%
22,779
+800
+4% +$224K
HUBB icon
385
Hubbell
HUBB
$26.8B
$6.2M 0.03%
14,400
-100
-0.7% -$43K
P
386
Everpure Inc
P
$38.8B
$6.19M 0.03%
73,900
-800
-1% -$53.2K
DOV icon
387
Dover
DOV
$27.8B
$6.19M 0.03%
37,123
-200
-0.5% -$35.9K
DG icon
388
Dollar General
DG
$26.9B
$6.15M 0.03%
59,554
-300
-0.5% -$32.9K
TYL icon
389
Tyler Technologies
TYL
$13.3B
$6.14M 0.03%
11,737
– –
FFIV icon
390
F5
FFIV
$23.8B
$6.1M 0.03%
18,888
-100
-0.5% -$31.3K
NU icon
391
Nu Holdings
NU
$67.4B
$6.1M 0.03%
+380,700
New +$5.31M
TPL icon
392
Texas Pacific Land
TPL
$24B
$6.07M 0.03%
19,500
+300
+2% +$94.5K
BIIB icon
393
Biogen
BIIB
$31.1B
$6.04M 0.03%
43,103
-248,200
-85% -$33.5M
DRI icon
394
Darden Restaurants
DRI
$25.4B
$6.02M 0.03%
31,612
-200
-0.6% -$41.1K
GPN icon
395
Global Payments
GPN
$24.9B
$5.98M 0.03%
71,978
-700
-1% -$58.9K
K
396
DELISTED
Kellanova
K
$5.96M 0.03%
72,721
-400
-0.5% -$31.8K
CMS icon
397
CMS Energy
CMS
$22.1B
$5.93M 0.03%
80,999
-300
-0.4% -$21.6K
TER icon
398
Teradyne
TER
$64.8B
$5.92M 0.03%
43,035
-600
-1% -$65.5K
TTD icon
399
Trade Desk
TTD
$6.8B
$5.91M 0.03%
+120,500
New +$7.65M
IT icon
400
Gartner
IT
$11.5B
$5.9M 0.03%
22,447
-500
-2% -$146K
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
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
Teacher Retirement System of Texas
Teacher Retirement System of Texas Austin, Texas $24B AUM 29.51% 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.