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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
LAD icon
626
Lithia Motors
LAD
$8.26B
$2.12M 0.01%
6,287
-100
-2% -$30.9K
MLI icon
627
Mueller Industries
MLI
$15.4B
$2.11M 0.01%
53,200
-1,200
-2% -$45.3K
ENSG icon
628
The Ensign Group
ENSG
$10.7B
$2.11M 0.01%
13,700
+100
+0.7% +$14K
EGP icon
629
EastGroup Properties
EGP
$10.8B
$2.11M 0.01%
12,627
+200
+2% +$33.3K
ORI icon
630
Old Republic International
ORI
$10.3B
$2.1M 0.01%
54,678
-1,200
-2% -$45.2K
INGR icon
631
Ingredion
INGR
$6.55B
$2.1M 0.01%
15,488
+100
+0.6% +$13.5K
PR
632
Permian Resources
PR
$17.5B
$2.09M 0.01%
153,300
+200
+0.1% +$2.57K
FOX icon
633
Fox Class B
FOX
$23.7B
$2.08M 0.01%
40,331
-2,100
-5% -$102K
PARA
634
DELISTED
Paramount Global Class B
PARA
$2.08M 0.01%
161,412
– –
AOS icon
635
A.O. Smith
AOS
$8.49B
$2.07M 0.01%
31,633
-2,200
-7% -$144K
MTCH icon
636
Match Group
MTCH
$8.47B
$2.06M 0.01%
66,653
-1,500
-2% -$44.9K
MTSI icon
637
MACOM Technology Solutions
MTSI
$23.3B
$2.05M 0.01%
14,300
+100
+0.7% +$11.7K
SEIC icon
638
SEI Investments
SEIC
$12.7B
$2.05M 0.01%
22,788
-2,336
-9% -$188K
PNFP icon
639
Pinnacle Financial Partners Inc
PNFP
$15.7B
$2.05M 0.01%
18,527
+200
+1% +$20.6K
WAL icon
640
Western Alliance Bancorporation
WAL
$8.76B
$2.04M 0.01%
26,200
+100
+0.4% +$7.19K
FLR icon
641
Fluor
FLR
$7.51B
$2.03M 0.01%
39,597
-1,500
-4% -$59.8K
AES icon
642
AES
AES
$10.5B
$2.03M 0.01%
192,895
– –
CRL icon
643
Charles River Laboratories
CRL
$12.9B
$2.02M 0.01%
13,330
-500
-4% -$66.7K
REXR icon
644
Rexford Industrial Realty
REXR
$8.05B
$2.02M 0.01%
56,782
+2,300
+4% +$80.3K
BEN icon
645
Franklin Resources
BEN
$17.2B
$2.01M 0.01%
84,337
-7,058
-8% -$145K
MORN icon
646
Morningstar
MORN
$7.67B
$2.01M 0.01%
6,400
-100
-2% -$29.6K
ALB icon
647
Albemarle
ALB
$15.6B
$2M 0.01%
31,907
– –
DCI icon
648
Donaldson
DCI
$11.2B
$1.99M 0.01%
28,758
+200
+0.7% +$13.5K
WTFC icon
649
Wintrust Financial
WTFC
$10.7B
$1.99M 0.01%
16,063
+100
+0.6% +$11.5K
CFR icon
650
Cullen/Frost Bankers
CFR
$10.2B
$1.99M 0.01%
15,464
+100
+0.7% +$12.2K
24 25
26
27 28

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.