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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
FRT icon
651
Federal Realty Investment Trust
FRT
$10.2B
$1.99M 0.01%
20,924
– –
LW icon
652
Lamb Weston
LW
$7.15B
$1.99M 0.01%
38,332
-400
-1% -$21.4K
WCC
653
WESCO International
WCC
$18B
$1.98M 0.01%
10,700
+100
+0.9% +$16.5K
SKX
654
DELISTED
Skechers
SKX
$1.98M 0.01%
31,344
-200
-0.6% -$11.5K
DOCS icon
655
Doximity
DOCS
$4.5B
$1.97M 0.01%
32,100
+100
+0.3% +$5.58K
FND icon
656
Floor & Decor
FND
$6.37B
$1.97M 0.01%
25,900
+200
+0.8% +$14.9K
LNW
657
DELISTED
Light & Wonder
LNW
$1.95M 0.01%
20,299
-800
-4% -$68.5K
WMS icon
658
Advanced Drainage Systems
WMS
$10.7B
$1.95M 0.01%
17,000
+100
+0.6% +$11.2K
NNN icon
659
NNN REIT
NNN
$8.82B
$1.95M 0.01%
45,184
+300
+0.7% +$12.5K
FYBR
660
DELISTED
Frontier Communications
FYBR
$1.95M 0.01%
53,600
+600
+1% +$21.8K
OLLI icon
661
Ollie's Bargain Outlet
OLLI
$4.86B
$1.95M 0.01%
14,803
+100
+0.7% +$11.4K
MGM icon
662
MGM Resorts International
MGM
$11B
$1.93M 0.01%
56,244
-4,400
-7% -$140K
ADC icon
663
Agree Realty
ADC
$9.24B
$1.93M 0.01%
26,400
+800
+3% +$60.1K
BRX icon
664
Brixmor Property Group
BRX
$9.12B
$1.92M 0.01%
73,607
+400
+0.5% +$10.2K
IVZ icon
665
Invesco
IVZ
$14.1B
$1.92M 0.01%
121,498
– –
ALV icon
666
Autoliv
ALV
$8.87B
$1.91M 0.01%
17,100
– –
CMA
667
DELISTED
Comerica
CMA
$1.88M 0.01%
31,600
+100
+0.3% +$5.58K
NXT icon
668
Nextpower Inc
NXT
$15.5B
$1.88M 0.01%
34,600
+200
+0.6% +$10K
PCTY icon
669
Paylocity
PCTY
$7.89B
$1.88M 0.01%
10,372
-100
-1% -$18.8K
UGI icon
670
UGI
UGI
$7.24B
$1.88M 0.01%
51,558
+100
+0.2% +$3.44K
CVLT icon
671
Commault Systems
CVLT
$5.71B
$1.85M 0.01%
10,612
+100
+1% +$17.1K
MIDD icon
672
Middleby
MIDD
$5.97B
$1.85M 0.01%
12,820
-100
-0.8% -$14.1K
ZION icon
673
Zions Bancorporation
ZION
$10.3B
$1.84M 0.01%
35,500
+100
+0.3% +$4.69K
NFG icon
674
National Fuel Gas
NFG
$7.69B
$1.84M 0.01%
21,712
– –
AA icon
675
Alcoa
AA
$13.5B
$1.84M 0.01%
62,275
+400
+0.6% +$10.8K
25 26
27
28 29

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
AM
AGF Management Toronto, Ontario, Canada $22.3B AUM 46.42% 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

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.