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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
CNC icon
426
Centene
CNC
$32.6B
$5.18M 0.02%
145,127
-9,200
-6% -$278K
UTHR icon
427
United Therapeutics
UTHR
$21.5B
$5.17M 0.02%
12,332
-100
-0.8% -$33.6K
GDDY icon
428
GoDaddy
GDDY
$12.7B
$5.12M 0.02%
37,400
-1,300
-3% -$200K
AMCR icon
429
Amcor
AMCR
$21.4B
$5.1M 0.02%
124,695
+80
+0.1% +$3.59K
LII icon
430
Lennox International
LII
$14.5B
$5.08M 0.02%
9,600
-100
-1% -$58.4K
WAT icon
431
Waters Corp
WAT
$40.6B
$5.04M 0.02%
16,797
-100
-0.6% -$30.2K
KEY icon
432
KeyCorp
KEY
$24.6B
$5.03M 0.02%
269,128
-16,200
-6% -$300K
CASY icon
433
Casey's General Stores
CASY
$31.6B
$4.99M 0.02%
8,821
-100
-1% -$52.3K
L icon
434
Loews
L
$23B
$4.95M 0.02%
49,352
-1,400
-3% -$132K
MAA icon
435
Mid-America Apartment Communities
MAA
$15.6B
$4.93M 0.02%
35,299
-100
-0.3% -$14.4K
DECK icon
436
Deckers Outdoor
DECK
$12.7B
$4.93M 0.02%
48,600
-1,200
-2% -$131K
PNR icon
437
Pentair
PNR
$10.7B
$4.91M 0.02%
44,364
-400
-0.9% -$42.7K
CIEN icon
438
Ciena
CIEN
$62.7B
$4.91M 0.02%
33,696
-500
-1% -$50.9K
CW icon
439
Curtiss-Wright
CW
$25.4B
$4.87M 0.02%
8,961
-100
-1% -$49.3K
J icon
440
Jacobs Solutions
J
$16.8B
$4.84M 0.02%
32,299
-400
-1% -$57.5K
WY icon
441
Weyerhaeuser
WY
$17.9B
$4.84M 0.02%
195,177
-2,000
-1% -$51.1K
RBA icon
442
RB Global
RBA
$16B
$4.79M 0.02%
44,200
-300
-0.7% -$33.6K
ROL icon
443
Rollins
ROL
$17.4B
$4.78M 0.02%
81,358
-400
-0.5% -$22.7K
PFG icon
444
Principal Financial Group
PFG
$24.6B
$4.77M 0.02%
57,580
-1,300
-2% -$104K
EXPD icon
445
Expeditors International
EXPD
$24.3B
$4.77M 0.02%
38,908
-500
-1% -$59.5K
NTNX icon
446
Nutanix
NTNX
$18.4B
$4.75M 0.02%
+63,800
New +$4.68M
DOW icon
447
Dow Inc
DOW
$21.9B
$4.72M 0.02%
205,911
-500
-0.2% -$12.5K
FTV icon
448
Fortive
FTV
$18.7B
$4.72M 0.02%
96,260
-1,000
-1% -$49.3K
TXT icon
449
Textron
TXT
$15.1B
$4.7M 0.02%
55,671
-900
-2% -$73.3K
LNT icon
450
Alliant Energy
LNT
$18.2B
$4.68M 0.02%
69,459
-400
-0.6% -$25.8K
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
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.