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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
WMT icon
26
Walmart Inc
WMT
$901B
$122M 0.59%
1,187,120
+12,300
+1% +$1.22M
HIMS icon
27
Hims & Hers Health
HIMS
$7.06B
$117M 0.56%
2,057,700
+678,600
+49% +$34.8M
ABBV icon
28
AbbVie
ABBV
$442B
$111M 0.53%
477,808
-2,500
-0.5% -$509K
BAC icon
29
Bank of America
BAC
$448B
$101M 0.49%
1,963,412
+61,200
+3% +$2.99M
PG icon
30
Procter & Gamble
PG
$338B
$101M 0.49%
657,137
-4,000
-0.6% -$625K
TDG icon
31
TransDigm Group
TDG
$68.7B
$100M 0.48%
76,192
-100
-0.1% -$143K
ISRG icon
32
Intuitive Surgical
ISRG
$142B
$95.5M 0.46%
213,453
+11,500
+6% +$5.52M
CSCO icon
33
Cisco
CSCO
$475B
$89M 0.43%
1,300,162
-10,800
-0.8% -$736K
UNH icon
34
UnitedHealth
UNH
$365B
$88.1M 0.42%
255,119
-1,700
-0.7% -$514K
BRK.A icon
35
Berkshire Hathaway Class A
BRK.A
$1.11T
$87.5M 0.42%
116
– –
GE icon
36
GE Aerospace
GE
$382B
$86.3M 0.41%
286,761
-3,200
-1% -$875K
IJH icon
37
iShares Core S&P Mid-Cap ETF
IJH
$127B
$83.7M 0.4%
1,282,810
-68,700
-5% -$4.42M
CVX icon
38
Chevron
CVX
$386B
$80.8M 0.39%
520,539
+78,924
+18% +$12.2M
ANET icon
39
Arista Networks
ANET
$250B
$79.1M 0.38%
542,856
-1,300
-0.2% -$167K
WFC icon
40
Wells Fargo
WFC
$264B
$76.4M 0.37%
911,949
-18,500
-2% -$1.5M
KO icon
41
Coca-Cola
KO
$372B
$71.7M 0.34%
1,081,648
-5,700
-0.5% -$392K
IBM icon
42
IBM
IBM
$225B
$71.1M 0.34%
251,940
-800
-0.3% -$209K
GS icon
43
Goldman Sachs
GS
$301B
$68.5M 0.33%
85,973
-1,600
-2% -$1.19M
PM icon
44
Philip Morris
PM
$290B
$68.3M 0.33%
420,958
-2,300
-0.5% -$387K
VLUE icon
45
iShares MSCI USA Value Factor ETF
VLUE
$9.47B
$66.9M 0.32%
535,000
-31,800
-6% -$3.74M
CI icon
46
Cigna
CI
$72.4B
$66.4M 0.32%
230,241
-400
-0.2% -$118K
RTX icon
47
RTX Corp
RTX
$302B
$65.4M 0.31%
390,932
-1,300
-0.3% -$202K
CAT icon
48
Caterpillar
CAT
$388B
$63.9M 0.31%
133,872
-1,200
-0.9% -$512K
ABT icon
49
Abbott
ABT
$190B
$63.1M 0.3%
470,757
-2,300
-0.5% -$302K
LIN icon
50
Linde
LIN
$226B
$62.6M 0.3%
131,704
-1,200
-0.9% -$568K
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
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
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

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.