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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
TRMB icon
426
Trimble
TRMB
$13.9B
$4.93M 0.03%
64,923
-1,800
-3% -$121K
BBY icon
427
Best Buy
BBY
$17.3B
$4.91M 0.03%
73,103
+1,400
+2% +$95.1K
SNA icon
428
Snap-on
SNA
$21.5B
$4.89M 0.03%
15,722
+100
+0.6% +$31.8K
EVRG icon
429
Evergy
EVRG
$19.2B
$4.85M 0.03%
70,381
+700
+1% +$47K
GWRE icon
430
Guidewire Software
GWRE
$14.2B
$4.76M 0.02%
20,200
+200
+1% +$43K
RBA icon
431
RB Global
RBA
$17.5B
$4.73M 0.02%
44,500
+400
+0.9% +$41K
PKG icon
432
Packaging Corp of America
PKG
$22.8B
$4.72M 0.02%
25,063
+100
+0.4% +$18.9K
PFG icon
433
Principal Financial Group
PFG
$24.3B
$4.68M 0.02%
58,880
+1,800
+3% +$138K
L icon
434
Loews
L
$23.6B
$4.65M 0.02%
50,752
-900
-2% -$79K
ROL icon
435
Rollins
ROL
$18.2B
$4.61M 0.02%
81,758
+400
+0.5% +$22.4K
FLEX icon
436
Flex
FLEX
$44.8B
$4.6M 0.02%
92,100
+400
+0.4% +$15.6K
PNR icon
437
Pentair
PNR
$11B
$4.6M 0.02%
44,764
-100
-0.2% -$9.34K
GPC icon
438
Genuine Parts
GPC
$18.7B
$4.58M 0.02%
37,729
– –
MOH icon
439
Molina Healthcare
MOH
$10.3B
$4.57M 0.02%
15,332
-300
-2% -$94.2K
FIX icon
440
Comfort Systems
FIX
$59.6B
$4.56M 0.02%
8,500
– –
CASY icon
441
Casey's General Stores
CASY
$30.9B
$4.55M 0.02%
8,921
– –
TXT icon
442
Textron
TXT
$15.4B
$4.54M 0.02%
56,571
+300
+0.5% +$21.7K
LYB icon
443
LyondellBasell Industries
LYB
$19.2B
$4.52M 0.02%
78,165
+200
+0.3% +$11.7K
EXPD icon
444
Expeditors International
EXPD
$23.2B
$4.5M 0.02%
39,408
-700
-2% -$78.4K
JNPR
445
DELISTED
Juniper Networks
JNPR
$4.43M 0.02%
111,024
+1,100
+1% +$39.4K
CW icon
446
Curtiss-Wright
CW
$25.5B
$4.43M 0.02%
9,061
– –
CF icon
447
CF Industries
CF
$17.3B
$4.42M 0.02%
48,054
-3,700
-7% -$315K
WST icon
448
West Pharmaceutical
WST
$24.9B
$4.41M 0.02%
20,156
-200
-1% -$42.8K
EQH icon
449
Equitable Holdings
EQH
$14.1B
$4.31M 0.02%
76,786
-1,800
-2% -$92.6K
P
450
Everpure Inc
P
$29.9B
$4.3M 0.02%
74,700
+500
+0.7% +$24.9K
16 17
18
19 20

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.