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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
PR
651
Permian Resources
PR
$17.6B
$2.13M 0.01%
166,400
+13,100
+9% +$180K
LKQ icon
652
LKQ Corp
LKQ
$6.29B
$2.12M 0.01%
69,553
-18,930
-21% -$622K
FRT icon
653
Federal Realty Investment Trust
FRT
$10.3B
$2.12M 0.01%
20,924
– –
WTFC icon
654
Wintrust Financial
WTFC
$10.9B
$2.11M 0.01%
15,963
-100
-0.6% -$13.2K
GTLS
655
DELISTED
Chart Industries
GTLS
$2.1M 0.01%
10,500
-300
-3% -$57K
ATR icon
656
AptarGroup
ATR
$8.46B
$2.1M 0.01%
15,710
-200
-1% -$28.9K
CMA
657
DELISTED
Comerica
CMA
$2.1M 0.01%
30,600
-1,000
-3% -$67.3K
TTEK icon
658
Tetra Tech
TTEK
$9.27B
$2.09M 0.01%
62,540
-800
-1% -$29.1K
CRL icon
659
Charles River Laboratories
CRL
$13.5B
$2.09M 0.01%
13,330
– –
PLNT icon
660
Planet Fitness
PLNT
$3.68B
$2.08M 0.01%
20,000
-200
-1% -$21.3K
ALV icon
661
Autoliv
ALV
$8.89B
$2.07M 0.01%
16,800
-300
-2% -$35.9K
ACI icon
662
Albertsons Companies
ACI
$6.02B
$2.05M 0.01%
117,000
-900
-0.8% -$17.6K
HALO icon
663
Halozyme
HALO
$11.4B
$2.04M 0.01%
27,838
-1,800
-6% -$120K
FIVE icon
664
Five Below
FIVE
$13.4B
$2.03M 0.01%
13,122
-100
-0.8% -$14.1K
AA icon
665
Alcoa
AA
$13.2B
$2.03M 0.01%
61,675
-600
-1% -$18.7K
AVTR icon
666
Avantor
AVTR
$9.33B
$2.03M 0.01%
162,300
-1,500
-0.9% -$19.3K
BRX icon
667
Brixmor Property Group
BRX
$9.18B
$2.02M 0.01%
72,907
-700
-1% -$18.7K
UMBF icon
668
UMB Financial
UMBF
$11.4B
$2.02M 0.01%
17,041
-100
-0.6% -$11.5K
ABCL icon
669
AbCellera Biologics
ABCL
$3.34B
$2.01M 0.01%
400,000
+350,775
+713% +$1.55M
CVLT icon
670
Commault Systems
CVLT
$6.24B
$2M 0.01%
10,612
– –
ZION icon
671
Zions Bancorporation
ZION
$10.4B
$1.99M 0.01%
35,200
-300
-0.8% -$16.7K
NFG icon
672
National Fuel Gas
NFG
$7.72B
$1.99M 0.01%
21,512
-200
-0.9% -$17.4K
MKSI icon
673
MKS Inc
MKSI
$21.1B
$1.99M 0.01%
16,040
-100
-0.6% -$10.7K
DINO icon
674
HF Sinclair
DINO
$16.3B
$1.98M 0.01%
37,900
-600
-2% -$28.4K
OSK icon
675
Oshkosh
OSK
$9.36B
$1.97M 0.01%
15,208
-300
-2% -$39.8K
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
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.