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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
CGNX icon
701
Cognex
CGNX
$10.4B
$1.81M 0.01%
39,953
-400
-1% -$16.2K
EXP icon
702
Eagle Materials
EXP
$6.41B
$1.8M 0.01%
7,729
-300
-4% -$68K
TTC icon
703
Toro Company
TTC
$9.3B
$1.79M 0.01%
23,532
-500
-2% -$38.3K
CBSH icon
704
Commerce Bancshares
CBSH
$8.47B
$1.77M 0.01%
31,053
+420
+1% +$24.7K
AAL icon
705
American Airlines Group
AAL
$9.94B
$1.77M 0.01%
157,100
-1,500
-0.9% -$18.5K
PNFP icon
706
Pinnacle Financial Partners Inc
PNFP
$16B
$1.72M 0.01%
18,327
-200
-1% -$20K
VOYA icon
707
Voya Financial
VOYA
$8.99B
$1.71M 0.01%
22,916
-200
-0.9% -$14.7K
UGI icon
708
UGI
UGI
$7.46B
$1.7M 0.01%
51,158
-400
-0.8% -$14K
PCTY icon
709
Paylocity
PCTY
$7.62B
$1.7M 0.01%
10,672
+300
+3% +$53.1K
EXLS icon
710
EXL Service
EXLS
$5.19B
$1.7M 0.01%
38,500
-600
-2% -$26K
IDA icon
711
Idacorp
IDA
$8.2B
$1.69M 0.01%
12,820
-200
-2% -$24.8K
CPB icon
712
Campbell Soup
CPB
$6.69B
$1.68M 0.01%
53,201
-300
-0.6% -$9.7K
WING icon
713
Wingstop
WING
$3.04B
$1.68M 0.01%
6,672
– –
LNW
714
DELISTED
Light & Wonder
LNW
$1.68M 0.01%
19,999
-300
-1% -$27.5K
RGEN icon
715
Repligen
RGEN
$9.24B
$1.68M 0.01%
12,553
– –
COKE icon
716
Coca-Cola Consolidated
COKE
$12.4B
$1.68M 0.01%
14,300
+200
+1% +$23.2K
CADE
717
DELISTED
Cadence Bank
CADE
$1.67M 0.01%
44,410
-400
-0.9% -$14.4K
SSD icon
718
Simpson Manufacturing
SSD
$7.99B
$1.66M 0.01%
9,927
-100
-1% -$17.9K
FLS icon
719
Flowserve
FLS
$10.2B
$1.66M 0.01%
31,168
-300
-1% -$16.3K
KD icon
720
Kyndryl
KD
$2.78B
$1.65M 0.01%
55,034
-900
-2% -$30.9K
MUSA icon
721
Murphy USA
MUSA
$10.2B
$1.64M 0.01%
4,224
-100
-2% -$39.6K
FR icon
722
First Industrial Realty Trust
FR
$8.37B
$1.62M 0.01%
31,568
-300
-0.9% -$15.1K
MASI
723
DELISTED
Masimo
MASI
$1.62M 0.01%
10,996
+200
+2% +$30.3K
SNV
724
DELISTED
Synovus
SNV
$1.62M 0.01%
33,004
-400
-1% -$20.5K
FLR icon
725
Fluor
FLR
$7.01B
$1.62M 0.01%
38,497
-1,100
-3% -$50.6K
27 28
29
30 31

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
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

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.