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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
SF
576
Stifel
SF
$12.9B
$2.76M 0.01%
36,431
-600
-2% -$44.9K
RVTY icon
577
Revvity
RVTY
$13.1B
$2.76M 0.01%
31,438
-600
-2% -$54.5K
FHN icon
578
First Horizon
FHN
$12.3B
$2.73M 0.01%
120,856
-1,100
-0.9% -$24.4K
DTM icon
579
DT Midstream
DTM
$13.8B
$2.73M 0.01%
24,155
-300
-1% -$31.4K
MEDP icon
580
Medpace
MEDP
$16.2B
$2.72M 0.01%
5,299
-400
-7% -$175K
HAS icon
581
Hasbro
HAS
$13.6B
$2.72M 0.01%
35,812
– –
LITE icon
582
Lumentum
LITE
$78B
$2.71M 0.01%
16,628
-100
-0.6% -$12.5K
GME icon
583
GameStop
GME
$8.33B
$2.67M 0.01%
98,000
+100
+0.1% +$2.37K
CNH
584
CNH Industrial
CNH
$16.7B
$2.67M 0.01%
246,300
+1,200
+0.5% +$14.7K
MLI icon
585
Mueller Industries
MLI
$14.7B
$2.67M 0.01%
52,800
-400
-0.8% -$18.4K
ATI icon
586
ATI
ATI
$30.9B
$2.67M 0.01%
32,800
-1,100
-3% -$89.1K
RMBS icon
587
Rambus
RMBS
$10.8B
$2.67M 0.01%
25,600
-200
-0.8% -$15.4K
GNRC icon
588
Generac Holdings
GNRC
$12.8B
$2.66M 0.01%
15,916
-100
-0.6% -$17.5K
HLI icon
589
Houlihan Lokey
HLI
$9.24B
$2.65M 0.01%
12,900
– –
EXEL icon
590
Exelixis
EXEL
$12.5B
$2.65M 0.01%
64,116
-1,500
-2% -$60.3K
CCK icon
591
Crown Holdings
CCK
$12.9B
$2.65M 0.01%
27,400
-300
-1% -$30.1K
TXRH icon
592
Texas Roadhouse
TXRH
$13.6B
$2.62M 0.01%
15,778
-200
-1% -$35.2K
ALLY icon
593
Ally Financial
ALLY
$13.6B
$2.61M 0.01%
66,700
+200
+0.3% +$8.02K
NXT icon
594
Nextpower Inc
NXT
$15.9B
$2.6M 0.01%
35,200
+600
+2% +$38.7K
CACI icon
595
CACI
CACI
$14.8B
$2.6M 0.01%
5,221
-100
-2% -$48.3K
BLD
596
DELISTED
TopBuild
BLD
$2.6M 0.01%
6,657
-200
-3% -$79.8K
AMH icon
597
American Homes 4 Rent
AMH
$12.3B
$2.58M 0.01%
77,600
+1,200
+2% +$41.8K
ALB icon
598
Albemarle
ALB
$15.4B
$2.58M 0.01%
31,807
-100
-0.3% -$7.71K
JEF icon
599
Jefferies Financial Group
JEF
$12.9B
$2.57M 0.01%
39,316
+100
+0.3% +$6.1K
FOX icon
600
Fox Class B
FOX
$24.4B
$2.55M 0.01%
44,531
+4,200
+10% +$222K
22 23
24
25 26

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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
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Teacher Retirement System of Texas
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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.