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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
ESS icon
451
Essex Property Trust
ESS
$18.5B
$4.67M 0.02%
17,460
– –
TLN
452
Talen Energy Corp
TLN
$17.2B
$4.64M 0.02%
+10,900
New +$3.94M
OMC icon
453
Omnicom Group
OMC
$24.2B
$4.61M 0.02%
56,584
-600
-1% -$45.3K
GWRE icon
454
Guidewire Software
GWRE
$15.2B
$4.6M 0.02%
20,000
-200
-1% -$45.5K
MKC icon
455
McCormick & Company Non-Voting
MKC
$14.6B
$4.58M 0.02%
68,410
-300
-0.4% -$21K
TWLO icon
456
Twilio
TWLO
$38.3B
$4.54M 0.02%
45,400
+36,500
+410% +$4.11M
LUV icon
457
Southwest Airlines
LUV
$22B
$4.53M 0.02%
142,003
-13,000
-8% -$425K
LVS icon
458
Las Vegas Sands
LVS
$29.6B
$4.49M 0.02%
83,501
-8,700
-9% -$457K
INVH icon
459
Invitation Homes
INVH
$18B
$4.47M 0.02%
152,500
-2,500
-2% -$77.1K
EG icon
460
Everest Group
EG
$14B
$4.35M 0.02%
12,411
-200
-2% -$67.5K
TWST icon
461
Twist Bioscience
TWST
$7.86B
$4.31M 0.02%
153,172
– –
CF icon
462
CF Industries
CF
$17.7B
$4.29M 0.02%
47,854
-200
-0.4% -$17.8K
IFF icon
463
International Flavors & Fragrances
IFF
$21.4B
$4.27M 0.02%
69,315
-200
-0.3% -$13.7K
THC icon
464
Tenet Healthcare
THC
$21.5B
$4.26M 0.02%
20,993
-1,300
-6% -$231K
CHRW icon
465
C.H. Robinson
CHRW
$17.5B
$4.22M 0.02%
31,892
-400
-1% -$46.9K
SGI
466
Somnigroup International
SGI
$14B
$4.21M 0.02%
49,938
+300
+0.6% +$23.6K
BLDR icon
467
Builders FirstSource
BLDR
$7.91B
$4.15M 0.02%
34,200
-200
-0.6% -$26.5K
ACM icon
468
Aecom
ACM
$8.19B
$4.12M 0.02%
31,576
-200
-0.6% -$24.2K
ALLE icon
469
Allegion
ALLE
$14.2B
$4.12M 0.02%
23,228
-200
-0.9% -$33K
USFD icon
470
US Foods
USFD
$23.8B
$4.11M 0.02%
53,600
-2,000
-4% -$159K
ZBRA icon
471
Zebra Technologies
ZBRA
$18B
$4.1M 0.02%
13,791
– –
CLX icon
472
Clorox
CLX
$12.9B
$4.08M 0.02%
33,051
-500
-1% -$62.1K
HOLX
473
DELISTED
Hologic
HOLX
$4.06M 0.02%
60,165
-400
-0.7% -$26.6K
WPC icon
474
W.P. Carey
WPC
$16.3B
$4.04M 0.02%
59,800
-600
-1% -$39.3K
BWXT icon
475
BWX Technologies
BWXT
$15.6B
$4.02M 0.02%
21,800
-200
-0.9% -$32.2K
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
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.