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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
SOLV icon
526
Solventum
SOLV
$14.4B
$3.1M 0.02%
40,851
-3,225
-7% -$228K
NWSA icon
527
News Corp Class A
NWSA
$15.3B
$3.05M 0.02%
102,554
– –
SWKS icon
528
Skyworks Solutions
SWKS
$10.4B
$3.04M 0.02%
40,807
-15,776
-28% -$1.05M
ARE icon
529
Alexandria Real Estate Equities
ARE
$8.3B
$3.04M 0.02%
41,818
– –
NLY icon
530
Annaly Capital Management
NLY
$17.1B
$3.01M 0.02%
159,731
+7,400
+5% +$141K
TXRH icon
531
Texas Roadhouse
TXRH
$13.7B
$2.99M 0.02%
15,978
– –
NBIX icon
532
Neurocrine Biosciences
NBIX
$16.8B
$2.99M 0.02%
23,781
-100
-0.4% -$11.5K
RL icon
533
Ralph Lauren
RL
$24B
$2.98M 0.02%
10,880
+100
+0.9% +$24.8K
INCY icon
534
Incyte
INCY
$24.8B
$2.97M 0.02%
43,659
+100
+0.2% +$6.33K
EHC icon
535
Encompass Health
EHC
$12.4B
$2.97M 0.02%
24,245
+100
+0.4% +$11.4K
ITT icon
536
ITT
ITT
$18.9B
$2.97M 0.02%
18,929
-600
-3% -$85.5K
APG icon
537
APi Group
APG
$18.2B
$2.95M 0.02%
+86,550
New +$2.48M
ENTG icon
538
Entegris
ENTG
$22.3B
$2.94M 0.02%
36,400
+200
+0.6% +$15.2K
ATI icon
539
ATI
ATI
$31.2B
$2.93M 0.02%
33,900
-200
-0.6% -$13.7K
JLL icon
540
Jones Lang LaSalle
JLL
$16.4B
$2.92M 0.02%
11,411
+100
+0.9% +$22.9K
PNW icon
541
Pinnacle West Capital
PNW
$12.1B
$2.9M 0.02%
32,461
+1,600
+5% +$146K
NVT icon
542
nVent Electric
NVT
$26.6B
$2.9M 0.02%
39,606
+200
+0.5% +$12.3K
HST icon
543
Host Hotels & Resorts
HST
$15.5B
$2.9M 0.02%
188,629
-41,400
-18% -$613K
EXEL icon
544
Exelixis
EXEL
$13.1B
$2.89M 0.02%
65,616
-1,400
-2% -$56K
MANH icon
545
Manhattan Associates
MANH
$11.6B
$2.89M 0.02%
14,631
-2,300
-14% -$417K
RBC icon
546
RBC Bearings
RBC
$17.7B
$2.89M 0.01%
7,500
– –
CCK icon
547
Crown Holdings
CCK
$13B
$2.85M 0.01%
27,700
-300
-1% -$28.6K
VTRS icon
548
Viatris
VTRS
$18.8B
$2.85M 0.01%
319,099
-86,321
-21% -$730K
SWK icon
549
Stanley Black & Decker
SWK
$15.4B
$2.85M 0.01%
42,031
-3,800
-8% -$245K
ELS icon
550
Equity Lifestyle Properties
ELS
$12.5B
$2.84M 0.01%
46,000
+300
+0.7% +$19.1K
20 21
22
23 24

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.