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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
ALLE icon
501
Allegion
ALLE
$14.1B
$3.38M 0.02%
23,428
-200
-0.8% -$27.3K
UDR icon
502
UDR
UDR
$12.1B
$3.35M 0.02%
81,945
+300
+0.4% +$12.4K
EWBC icon
503
East-West Bancorp
EWBC
$18B
$3.34M 0.02%
33,122
-100
-0.3% -$8.86K
COHR icon
504
Coherent
COHR
$65.2B
$3.34M 0.02%
37,406
+300
+0.8% +$21.6K
CRS icon
505
Carpenter Technology
CRS
$28.1B
$3.32M 0.02%
12,000
– –
TKO icon
506
TKO Group
TKO
$13.8B
$3.31M 0.02%
18,200
+100
+0.6% +$16.1K
DOC icon
507
Healthpeak Properties
DOC
$14.6B
$3.31M 0.02%
188,893
-900
-0.5% -$16K
PAYC icon
508
Paycom
PAYC
$9.53B
$3.3M 0.02%
14,273
+500
+4% +$119K
GLPI icon
509
Gaming and Leisure Properties
GLPI
$12.5B
$3.3M 0.02%
70,700
+5,000
+8% +$236K
PFGC icon
510
Performance Food Group
PFGC
$18B
$3.28M 0.02%
37,503
+100
+0.3% +$8.33K
CAG icon
511
Conagra Brands
CAG
$7.13B
$3.28M 0.02%
160,201
+3,100
+2% +$72.6K
LKQ icon
512
LKQ Corp
LKQ
$6.19B
$3.27M 0.02%
88,483
+1,700
+2% +$67.8K
PSNL icon
513
Personalis
PSNL
$1.56B
$3.24M 0.02%
493,798
– –
JBHT icon
514
JB Hunt Transport Services
JBHT
$25B
$3.2M 0.02%
22,295
+700
+3% +$96.8K
CNH
515
CNH Industrial
CNH
$17.2B
$3.18M 0.02%
245,100
-900
-0.4% -$11.1K
BWXT icon
516
BWX Technologies
BWXT
$15.6B
$3.17M 0.02%
22,000
+100
+0.5% +$11.7K
UHS icon
517
Universal Health Services
UHS
$10.4B
$3.17M 0.02%
17,474
-500
-3% -$90.2K
REG icon
518
Regency Centers
REG
$13.9B
$3.16M 0.02%
44,404
+100
+0.2% +$7.15K
NDSN icon
519
Nordson
NDSN
$17.2B
$3.16M 0.02%
14,751
– –
MOS icon
520
The Mosaic Company
MOS
$7.22B
$3.15M 0.02%
86,308
+100
+0.1% +$3.2K
RGA icon
521
Reinsurance Group of America
RGA
$16.1B
$3.14M 0.02%
15,852
+100
+0.6% +$19.5K
TAP icon
522
Molson Coors Class B
TAP
$7.88B
$3.13M 0.02%
65,002
+32
+0% +$1.76K
UNM icon
523
Unum
UNM
$14.4B
$3.12M 0.02%
38,600
-700
-2% -$55.3K
RVTY icon
524
Revvity
RVTY
$12.9B
$3.1M 0.02%
32,038
-1,000
-3% -$94.2K
CHRW icon
525
C.H. Robinson
CHRW
$17.4B
$3.1M 0.02%
32,292
+100
+0.3% +$9.37K
19 20
21
22 23

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
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
CHP
Castle Hook Partners New York $23.4B AUM 158.96% 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.