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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
J icon
451
Jacobs Solutions
J
$17.1B
$4.3M 0.02%
32,699
-832
-2% -$103K
EG icon
452
Everest Group
EG
$14.3B
$4.29M 0.02%
12,611
-300
-2% -$104K
USFD icon
453
US Foods
USFD
$23.9B
$4.28M 0.02%
55,600
+500
+0.9% +$35.7K
ZBRA icon
454
Zebra Technologies
ZBRA
$17.9B
$4.25M 0.02%
13,791
-100
-0.7% -$27.2K
BALL icon
455
Ball Corp
BALL
$16.5B
$4.23M 0.02%
75,401
-5,600
-7% -$293K
BAX icon
456
Baxter International
BAX
$14.2B
$4.22M 0.02%
139,528
+1,000
+0.7% +$30.3K
LNT icon
457
Alliant Energy
LNT
$17.8B
$4.22M 0.02%
69,859
+200
+0.3% +$12.2K
DPZ icon
458
Domino's
DPZ
$11.4B
$4.18M 0.02%
9,280
-100
-1% -$46.9K
PTON icon
459
Peloton Interactive
PTON
$2.44B
$4.14M 0.02%
596,477
– –
OMC icon
460
Omnicom Group
OMC
$22.9B
$4.11M 0.02%
57,184
+1,900
+3% +$140K
CLX icon
461
Clorox
CLX
$12.8B
$4.03M 0.02%
33,551
+100
+0.3% +$13.3K
OKTA icon
462
Okta
OKTA
$26.5B
$4.02M 0.02%
+40,200
New +$4.29M
BLDR icon
463
Builders FirstSource
BLDR
$7.77B
$4.01M 0.02%
34,400
-600
-2% -$69.2K
LVS icon
464
Las Vegas Sands
LVS
$29.3B
$4.01M 0.02%
92,201
-1,000
-1% -$38.9K
DT icon
465
Dynatrace
DT
$14.3B
$3.98M 0.02%
72,100
+500
+0.7% +$25K
RS icon
466
Reliance Steel & Aluminium
RS
$21.8B
$3.95M 0.02%
12,597
-800
-6% -$236K
HOLX
467
DELISTED
Hologic
HOLX
$3.95M 0.02%
60,565
-300
-0.5% -$18K
TER icon
468
Teradyne
TER
$57.8B
$3.92M 0.02%
43,635
-500
-1% -$40K
THC icon
469
Tenet Healthcare
THC
$21.1B
$3.92M 0.02%
22,293
-500
-2% -$75.3K
AVY icon
470
Avery Dennison
AVY
$13.4B
$3.88M 0.02%
22,087
-500
-2% -$87.6K
CSL icon
471
Carlisle Companies
CSL
$15.2B
$3.87M 0.02%
10,372
-300
-3% -$111K
SFM icon
472
Sprouts Farmers Market
SFM
$8.08B
$3.87M 0.02%
23,496
-400
-2% -$65.4K
COO icon
473
Cooper Companies
COO
$14.7B
$3.87M 0.02%
54,344
+200
+0.4% +$15.3K
KIM icon
474
Kimco Realty
KIM
$16.1B
$3.87M 0.02%
183,933
-400
-0.2% -$8.29K
DUOL icon
475
Duolingo
DUOL
$6.17B
$3.85M 0.02%
9,400
+300
+3% +$132K
17 18
19
20 21

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.