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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
FOXA icon
476
Fox Class A
FOXA
$27.5B
$4.02M 0.02%
63,712
-1,400
-2% -$81K
KIM icon
477
Kimco Realty
KIM
$16.4B
$4M 0.02%
183,133
-800
-0.4% -$17.4K
COHR icon
478
Coherent
COHR
$64B
$3.99M 0.02%
37,006
-400
-1% -$39.9K
MAS icon
479
Masco
MAS
$14.7B
$3.99M 0.02%
56,617
-700
-1% -$49.3K
BG icon
480
Bunge Global
BG
$21.7B
$3.94M 0.02%
48,500
+500
+1% +$40.1K
CG icon
481
Carlyle Group
CG
$18.3B
$3.89M 0.02%
62,000
+10,800
+21% +$675K
TRU icon
482
TransUnion
TRU
$15.5B
$3.89M 0.02%
+46,400
New +$4.21M
PFGC icon
483
Performance Food Group
PFGC
$16.4B
$3.88M 0.02%
37,303
-200
-0.5% -$20K
FTI icon
484
TechnipFMC
FTI
$30.1B
$3.86M 0.02%
+97,900
New +$3.58M
FNF icon
485
Fidelity National Financial
FNF
$13.1B
$3.85M 0.02%
63,700
-1,900
-3% -$110K
LYB icon
486
LyondellBasell Industries
LYB
$20.2B
$3.82M 0.02%
77,865
-300
-0.4% -$16.9K
EQH icon
487
Equitable Holdings
EQH
$14.4B
$3.81M 0.02%
74,986
-1,800
-2% -$95.3K
NVT icon
488
nVent Electric
NVT
$27.5B
$3.78M 0.02%
38,306
-1,300
-3% -$113K
TKO icon
489
TKO Group
TKO
$14.6B
$3.78M 0.02%
18,700
+500
+3% +$91.4K
SJM icon
490
J.M. Smucker
SJM
$12.9B
$3.78M 0.02%
34,761
-100
-0.3% -$10.9K
INCY icon
491
Incyte
INCY
$24.4B
$3.76M 0.02%
44,359
+700
+2% +$55.3K
RPM icon
492
RPM International
RPM
$14.5B
$3.75M 0.02%
31,818
-300
-0.9% -$36K
BALL icon
493
Ball Corp
BALL
$16.4B
$3.71M 0.02%
73,601
-1,800
-2% -$97.3K
COO icon
494
Cooper Companies
COO
$14.9B
$3.7M 0.02%
53,944
-400
-0.7% -$28.3K
KTOS icon
495
Kratos Defense & Security Solutions
KTOS
$11.8B
$3.67M 0.02%
+40,200
New +$2.57M
DPZ icon
496
Domino's
DPZ
$11.6B
$3.66M 0.02%
8,480
-800
-9% -$363K
OKTA icon
497
Okta
OKTA
$26.9B
$3.65M 0.02%
39,800
-400
-1% -$37.3K
XPO icon
498
XPO
XPO
$24.7B
$3.62M 0.02%
28,042
-300
-1% -$38.9K
WWD icon
499
Woodward
WWD
$21.2B
$3.62M 0.02%
14,310
– –
DOC icon
500
Healthpeak Properties
DOC
$14.3B
$3.6M 0.02%
187,993
-900
-0.5% -$16.1K
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
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.