We are live on ! Find out more
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
PTC icon
401
PTC
PTC
$16B
$5.63M 0.03%
32,654
– –
FE icon
402
FirstEnergy
FE
$27.5B
$5.62M 0.03%
139,644
+500
+0.4% +$20.6K
FFIV icon
403
F5
FFIV
$22.7B
$5.59M 0.03%
18,988
– –
LII icon
404
Lennox International
LII
$15.2B
$5.56M 0.03%
9,700
+1,000
+11% +$559K
DOW icon
405
Dow Inc
DOW
$21.2B
$5.47M 0.03%
206,411
+800
+0.4% +$23.3K
DGX icon
406
Quest Diagnostics
DGX
$26.3B
$5.45M 0.03%
30,321
-2,396
-7% -$416K
GEN icon
407
Gen Digital
GEN
$17.5B
$5.44M 0.03%
185,075
+5,100
+3% +$139K
EXAS
408
DELISTED
Exact Sciences
EXAS
$5.43M 0.03%
102,204
– –
TSN icon
409
Tyson Foods
TSN
$20.4B
$5.39M 0.03%
96,428
+100
+0.1% +$5.75K
STLD icon
410
Steel Dynamics
STLD
$37.6B
$5.28M 0.03%
41,260
-1,900
-4% -$243K
MAA icon
411
Mid-America Apartment Communities
MAA
$15.7B
$5.24M 0.03%
35,399
+100
+0.3% +$15.6K
MKC icon
412
McCormick & Company Non-Voting
MKC
$14.2B
$5.21M 0.03%
68,710
+200
+0.3% +$15K
APTV icon
413
Aptiv
APTV
$10.3B
$5.17M 0.03%
75,749
+1,600
+2% +$99.1K
NI icon
414
NiSource
NI
$20.4B
$5.16M 0.03%
127,969
+500
+0.4% +$19.6K
EL icon
415
Estee Lauder
EL
$32B
$5.14M 0.03%
63,638
+100
+0.2% +$6.43K
DECK icon
416
Deckers Outdoor
DECK
$13.3B
$5.13M 0.03%
49,800
+100
+0.2% +$11.1K
ZBH icon
417
Zimmer Biomet
ZBH
$18.4B
$5.13M 0.03%
56,215
+2,200
+4% +$213K
IFF icon
418
International Flavors & Fragrances
IFF
$21.9B
$5.11M 0.03%
69,515
+200
+0.3% +$15.1K
INVH icon
419
Invitation Homes
INVH
$18B
$5.08M 0.03%
155,000
+400
+0.3% +$13.4K
FTV icon
420
Fortive
FTV
$18.6B
$5.07M 0.03%
97,260
-25,567
-21% -$1.34M
WY icon
421
Weyerhaeuser
WY
$18.4B
$5.07M 0.03%
197,177
-30,052
-13% -$786K
LUV icon
422
Southwest Airlines
LUV
$23B
$5.03M 0.03%
155,003
-13,700
-8% -$413K
KEY icon
423
KeyCorp
KEY
$24.4B
$4.97M 0.03%
285,328
-200
-0.1% -$3.1K
TPR icon
424
Tapestry
TPR
$32.8B
$4.96M 0.03%
56,499
+300
+0.5% +$22.7K
ESS icon
425
Essex Property Trust
ESS
$18.5B
$4.95M 0.03%
17,460
– –
15 16
17
18 19

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.