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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
ISRG icon
26
Intuitive Surgical
ISRG
$134B
$110M 0.57%
201,953
+700
+0.3% +$366K
PG icon
27
Procter & Gamble
PG
$339B
$105M 0.55%
661,137
+2,400
+0.4% +$392K
JNJ icon
28
Johnson & Johnson
JNJ
$625B
$104M 0.54%
680,867
+1,800
+0.3% +$277K
ORCL icon
29
Oracle
ORCL
$423B
$96.7M 0.5%
442,232
+2,100
+0.5% +$339K
CSCO icon
30
Cisco
CSCO
$479B
$91M 0.47%
1,310,962
-100
-0% -$6.14K
BAC icon
31
Bank of America
BAC
$442B
$90M 0.47%
1,902,212
-6,800
-0.4% -$286K
ABBV icon
32
AbbVie
ABBV
$435B
$89.2M 0.46%
480,308
+1,400
+0.3% +$260K
BRK.A icon
33
Berkshire Hathaway Class A
BRK.A
$1.12T
$84.5M 0.44%
116
– –
IJH icon
34
iShares Core S&P Mid-Cap ETF
IJH
$127B
$83.8M 0.43%
1,351,510
-10,200
-0.7% -$599K
UNH icon
35
UnitedHealth
UNH
$370B
$80.1M 0.41%
256,819
-2,900
-1% -$1.11M
PM icon
36
Philip Morris
PM
$295B
$77.1M 0.4%
423,258
+1,500
+0.4% +$258K
KO icon
37
Coca-Cola
KO
$375B
$76.9M 0.4%
1,087,348
-4,100
-0.4% -$292K
VZ icon
38
Verizon
VZ
$196B
$76.7M 0.4%
1,773,550
+476,600
+37% +$20.6M
CI icon
39
Cigna
CI
$74.6B
$76.2M 0.39%
230,641
-3,900
-2% -$1.26M
GE icon
40
GE Aerospace
GE
$384B
$74.6M 0.39%
289,961
-1,200
-0.4% -$263K
WFC icon
41
Wells Fargo
WFC
$264B
$74.5M 0.39%
930,449
-14,900
-2% -$1.07M
IBM icon
42
IBM
IBM
$224B
$74.5M 0.39%
252,740
-38,246
-13% -$9.85M
CRM icon
43
Salesforce
CRM
$158B
$71.2M 0.37%
260,943
+1,300
+0.5% +$348K
HIMS icon
44
Hims & Hers Health
HIMS
$7.31B
$68.7M 0.36%
1,379,100
+633,300
+85% +$28.6M
ABT icon
45
Abbott
ABT
$187B
$64.3M 0.33%
473,057
+2,500
+0.5% +$330K
T icon
46
AT&T
T
$163B
$64.3M 0.33%
2,220,713
-144,400
-6% -$3.98M
VLUE icon
47
iShares MSCI USA Value Factor ETF
VLUE
$9.44B
$64.2M 0.33%
566,800
+120,900
+27% +$12.8M
CVX icon
48
Chevron
CVX
$366B
$63.2M 0.33%
441,615
-11,800
-3% -$1.66M
DIS icon
49
Walt Disney
DIS
$181B
$62.8M 0.33%
506,366
+15,900
+3% +$1.65M
LIN icon
50
Linde
LIN
$226B
$62.4M 0.32%
132,904
-1,300
-1% -$593K
1
2
3 4 5

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.