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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
MASI
676
DELISTED
Masimo
MASI
$1.82M 0.01%
10,796
+200
+2% +$31.9K
CBSH icon
677
Commerce Bancshares
CBSH
$8.46B
$1.81M 0.01%
30,633
– –
UMBF icon
678
UMB Financial
UMBF
$11B
$1.8M 0.01%
17,141
+900
+6% +$89.7K
APA icon
679
APA Corp
APA
$14.2B
$1.79M 0.01%
98,073
-2,300
-2% -$39.9K
MEDP icon
680
Medpace
MEDP
$16.7B
$1.79M 0.01%
5,699
-300
-5% -$90.1K
CART icon
681
Maplebear
CART
$11.7B
$1.79M 0.01%
39,500
+800
+2% +$34.8K
AAL icon
682
American Airlines Group
AAL
$10.3B
$1.78M 0.01%
158,600
+1,200
+0.8% +$12.8K
GTLS
683
DELISTED
Chart Industries
GTLS
$1.78M 0.01%
10,800
+700
+7% +$103K
BRBR icon
684
BellRing Brands
BRBR
$1.32B
$1.77M 0.01%
30,545
-200
-0.7% -$13.3K
HRB icon
685
H&R Block
HRB
$5.86B
$1.77M 0.01%
32,168
+100
+0.3% +$5.78K
RYAN icon
686
Ryan Specialty Holdings
RYAN
$10.9B
$1.76M 0.01%
25,900
+400
+2% +$27.6K
OSK icon
687
Oshkosh
OSK
$9.57B
$1.76M 0.01%
15,508
-100
-0.6% -$9.71K
MUSA icon
688
Murphy USA
MUSA
$10B
$1.76M 0.01%
4,324
– –
CHDN icon
689
Churchill Downs
CHDN
$6.06B
$1.76M 0.01%
17,380
-200
-1% -$19.6K
CELH icon
690
Celsius Holdings
CELH
$6.78B
$1.75M 0.01%
37,800
+100
+0.3% +$3.85K
SAIA icon
691
Saia
SAIA
$9.5B
$1.75M 0.01%
6,386
– –
FIVE icon
692
Five Below
FIVE
$13.2B
$1.73M 0.01%
13,222
+100
+0.8% +$9.74K
SNV
693
DELISTED
Synovus
SNV
$1.73M 0.01%
33,404
-400
-1% -$18.4K
KNX icon
694
Knight Transportation
KNX
$11.2B
$1.72M 0.01%
38,927
+200
+0.5% +$8.5K
DVA icon
695
DaVita
DVA
$11.6B
$1.71M 0.01%
12,039
-1,000
-8% -$142K
EXLS icon
696
EXL Service
EXLS
$5.34B
$1.71M 0.01%
39,100
+600
+2% +$27.4K
CHE icon
697
Chemed
CHE
$7.2B
$1.71M 0.01%
3,509
-100
-3% -$57K
G icon
698
Genpact
G
$5.74B
$1.7M 0.01%
38,684
+200
+0.5% +$9.06K
TTC icon
699
Toro Company
TTC
$9.37B
$1.7M 0.01%
24,032
-100
-0.4% -$7.09K
ELF icon
700
e.l.f. Beauty
ELF
$5.67B
$1.69M 0.01%
13,600
+100
+0.7% +$8.53K
26 27
28
29 30

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.