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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
BG icon
476
Bunge Global
BG
$21.6B
$3.85M 0.02%
48,000
+1,700
+4% +$134K
AKAM icon
477
Akamai
AKAM
$16.9B
$3.81M 0.02%
47,789
+1,400
+3% +$109K
DOCU
478
DocuSign
DOCU
$11.4B
$3.79M 0.02%
48,700
-4,500
-8% -$364K
JKHY icon
479
Jack Henry & Associates
JKHY
$11B
$3.77M 0.02%
20,916
-100
-0.5% -$17.8K
WPC icon
480
W.P. Carey
WPC
$16.1B
$3.77M 0.02%
60,400
+8,000
+15% +$493K
WSO icon
481
Watsco Inc
WSO
$13.5B
$3.7M 0.02%
8,383
– –
RITM icon
482
Rithm Capital
RITM
$5.65B
$3.69M 0.02%
326,992
-6,073,008
-95% -$66.9M
MAS icon
483
Masco
MAS
$14.7B
$3.69M 0.02%
57,317
-200
-0.3% -$12.6K
FNF icon
484
Fidelity National Financial
FNF
$12.9B
$3.68M 0.02%
65,600
+300
+0.5% +$17.5K
GGG icon
485
Graco
GGG
$13.5B
$3.68M 0.02%
42,764
-200
-0.5% -$16.6K
CPT icon
486
Camden Property Trust
CPT
$11B
$3.65M 0.02%
32,400
+300
+0.9% +$34.6K
FOXA icon
487
Fox Class A
FOXA
$26.6B
$3.65M 0.02%
65,112
-4,800
-7% -$253K
ILMN icon
488
Illumina
ILMN
$29B
$3.64M 0.02%
38,100
+200
+0.5% +$16.2K
IEX icon
489
IDEX
IEX
$17.2B
$3.61M 0.02%
20,580
– –
ACM icon
490
Aecom
ACM
$9.42B
$3.59M 0.02%
31,776
– –
XPO icon
491
XPO
XPO
$23.5B
$3.58M 0.02%
28,342
+300
+1% +$33.7K
UTHR icon
492
United Therapeutics
UTHR
$22.7B
$3.57M 0.02%
12,432
– –
RPM icon
493
RPM International
RPM
$14.8B
$3.53M 0.02%
32,118
+100
+0.3% +$11K
WWD icon
494
Woodward
WWD
$21B
$3.51M 0.02%
14,310
+100
+0.7% +$20.5K
ALGN icon
495
Align Technology
ALGN
$12.5B
$3.5M 0.02%
18,500
-500
-3% -$88.3K
POOL icon
496
Pool Corp
POOL
$7.27B
$3.44M 0.02%
11,789
-100
-0.8% -$30.2K
SJM icon
497
J.M. Smucker
SJM
$12.6B
$3.42M 0.02%
34,861
– –
BJ icon
498
BJs Wholesale Club
BJ
$12.3B
$3.42M 0.02%
31,715
+100
+0.3% +$11.4K
OC icon
499
Owens Corning
OC
$12.2B
$3.38M 0.02%
24,588
+100
+0.4% +$13.8K
SGI
500
Somnigroup International
SGI
$13.6B
$3.38M 0.02%
49,638
+3,900
+9% +$245K
18 19
20
21 22

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
DSA
Davis Selected Advisers Tucson, Arizona $21.8B AUM 23.45% 1-Year Est. Return
CHP
Castle Hook Partners New York $23.4B AUM 158.96% 1-Year Est. Return
IC
IEQ Capital Foster City, California $21.5B AUM 75.26% 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.