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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
AFG icon
601
American Financial Group
AFG
$12.1B
$2.54M 0.01%
17,410
-800
-4% -$106K
SFM icon
602
Sprouts Farmers Market
SFM
$7.71B
$2.53M 0.01%
23,296
-200
-0.9% -$29.1K
AES icon
603
AES
AES
$10.5B
$2.53M 0.01%
192,595
-300
-0.2% -$3.9K
LAMR icon
604
Lamar Advertising Co
LAMR
$15.8B
$2.53M 0.01%
20,638
-500
-2% -$62.1K
AYI icon
605
Acuity Brands
AYI
$10.8B
$2.48M 0.01%
7,194
-200
-3% -$63.8K
BMRN icon
606
BioMarin Pharmaceuticals
BMRN
$13.3B
$2.48M 0.01%
45,700
-400
-0.9% -$22.9K
OVV icon
607
Ovintiv
OVV
$17.2B
$2.47M 0.01%
61,200
-1,300
-2% -$53K
WCC
608
WESCO International
WCC
$17.5B
$2.45M 0.01%
11,600
+900
+8% +$189K
ECHO
609
EchoStar
ECHO
$26.6B
$2.44M 0.01%
32,000
-300
-0.9% -$13.6K
CNM icon
610
Core & Main
CNM
$8.64B
$2.43M 0.01%
45,200
-300
-0.7% -$18.2K
RKLB icon
611
Rocket Lab Corp
RKLB
$51.2B
$2.43M 0.01%
+50,779
New +$2.3M
ARMK icon
612
Aramark
ARMK
$16.1B
$2.4M 0.01%
62,600
-400
-0.6% -$16.2K
AVAV icon
613
AeroVironment
AVAV
$9.59B
$2.39M 0.01%
+7,600
New +$1.97M
MRNA icon
614
Moderna
MRNA
$25.4B
$2.39M 0.01%
92,541
– –
LSCC icon
615
Lattice Semiconductor
LSCC
$18.2B
$2.39M 0.01%
32,562
-500
-2% -$30.4K
SSB icon
616
SouthState Bank Corp
SSB
$10.8B
$2.38M 0.01%
24,100
+400
+2% +$39.3K
ELAN icon
617
Elanco Animal Health
ELAN
$11.2B
$2.38M 0.01%
+118,300
New +$1.98M
DOCS icon
618
Doximity
DOCS
$4.74B
$2.38M 0.01%
32,500
+400
+1% +$26.1K
AIT icon
619
Applied Industrial Technologies
AIT
$13.2B
$2.38M 0.01%
9,100
-100
-1% -$26.2K
CAG icon
620
Conagra Brands
CAG
$7.39B
$2.37M 0.01%
129,515
-30,686
-19% -$588K
TECH icon
621
Bio-Techne
TECH
$11.2B
$2.36M 0.01%
42,444
-200
-0.5% -$10.7K
PEN icon
622
Penumbra
PEN
$12.9B
$2.36M 0.01%
9,314
– –
WMS icon
623
Advanced Drainage Systems
WMS
$11.3B
$2.36M 0.01%
17,000
– –
WBS icon
624
Webster Financial
WBS
$12.8B
$2.35M 0.01%
39,544
-900
-2% -$53.6K
ENSG icon
625
The Ensign Group
ENSG
$10.6B
$2.35M 0.01%
13,600
-100
-0.7% -$15.9K
23 24
25
26 27

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.