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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
RNR icon
551
RenaissanceRe
RNR
$13.3B
$2.83M 0.01%
11,665
-100
-0.8% -$24.2K
AR icon
552
Antero Resources
AR
$11.3B
$2.83M 0.01%
70,200
+200
+0.3% +$7.57K
RGLD icon
553
Royal Gold
RGLD
$19.7B
$2.82M 0.01%
15,848
+100
+0.6% +$17.7K
CLH icon
554
Clean Harbors
CLH
$16.5B
$2.8M 0.01%
12,107
– –
SCI icon
555
Service Corp International
SCI
$11.4B
$2.79M 0.01%
34,262
-300
-0.9% -$23.4K
GL icon
556
Globe Life
GL
$14.3B
$2.79M 0.01%
22,436
-300
-1% -$36.4K
KMX icon
557
CarMax
KMX
$8.38B
$2.79M 0.01%
41,448
-300
-0.7% -$20.2K
CIEN icon
558
Ciena
CIEN
$56.3B
$2.78M 0.01%
34,196
+200
+0.6% +$14.3K
LECO icon
559
Lincoln Electric
LECO
$15.1B
$2.78M 0.01%
13,389
-100
-0.7% -$19.1K
AMH icon
560
American Homes 4 Rent
AMH
$12.3B
$2.76M 0.01%
76,400
+500
+0.7% +$18.5K
CNM icon
561
Core & Main
CNM
$8.65B
$2.75M 0.01%
45,500
– –
TOL icon
562
Toll Brothers
TOL
$14B
$2.73M 0.01%
23,926
– –
EPAM icon
563
EPAM Systems
EPAM
$5.06B
$2.73M 0.01%
15,427
– –
AIZ icon
564
Assurant
AIZ
$14.2B
$2.72M 0.01%
13,767
-100
-0.7% -$19.7K
DTM icon
565
DT Midstream
DTM
$13.6B
$2.69M 0.01%
24,455
+200
+0.8% +$20.3K
DKS icon
566
Dick's Sporting Goods
DKS
$18.9B
$2.68M 0.01%
13,570
-300
-2% -$55.6K
BXP icon
567
Boston Properties
BXP
$10.8B
$2.67M 0.01%
39,557
+100
+0.3% +$6.66K
HAS icon
568
Hasbro
HAS
$13.3B
$2.64M 0.01%
35,812
+200
+0.6% +$12.6K
ARMK icon
569
Aramark
ARMK
$14.7B
$2.64M 0.01%
63,000
-500
-0.8% -$18.6K
CG icon
570
Carlyle Group
CG
$17.2B
$2.63M 0.01%
51,200
+700
+1% +$30.2K
ALLY icon
571
Ally Financial
ALLY
$13.3B
$2.59M 0.01%
66,500
-6,064
-8% -$210K
KNSL icon
572
Kinsale Capital Group
KNSL
$8.39B
$2.59M 0.01%
5,345
– –
FHN icon
573
First Horizon
FHN
$11.9B
$2.59M 0.01%
121,956
-3,500
-3% -$66.7K
WTRG icon
574
Essential Utilities
WTRG
$11.3B
$2.58M 0.01%
69,371
+1,500
+2% +$58.4K
LAMR icon
575
Lamar Advertising Co
LAMR
$16.1B
$2.57M 0.01%
21,138
+100
+0.5% +$11.6K
21 22
23
24 25

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.