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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
GS icon
51
Goldman Sachs
GS
$303B
$62M 0.32%
87,573
-1,800
-2% -$1.04M
INTU icon
52
Intuit
INTU
$89B
$59.9M 0.31%
75,990
+100
+0.1% +$67.7K
HUBS icon
53
HubSpot
HUBS
$10.5B
$59.2M 0.31%
106,400
– –
MRK icon
54
Merck
MRK
$318B
$59M 0.31%
745,090
+25,800
+4% +$2.05M
NOW icon
55
ServiceNow
NOW
$129B
$57.8M 0.3%
281,275
+2,000
+0.7% +$377K
RTX icon
56
RTX Corp
RTX
$301B
$57.3M 0.3%
392,232
+700
+0.2% +$93.3K
MCD icon
57
McDonald's
MCD
$195B
$56.8M 0.29%
194,415
– –
MBB icon
58
iShares MBS ETF
MBB
$39.1B
$56.3M 0.29%
600,000
– –
ANET icon
59
Arista Networks
ANET
$238B
$55.7M 0.29%
544,156
+1,200
+0.2% +$104K
ACN icon
60
Accenture
ACN
$108B
$54.6M 0.28%
182,738
+500
+0.3% +$152K
QCOM icon
61
Qualcomm
QCOM
$176B
$54.2M 0.28%
340,166
+21,200
+7% +$3.12M
UBER icon
62
Uber
UBER
$153B
$53.1M 0.27%
568,600
+1,900
+0.3% +$156K
CAT icon
63
Caterpillar
CAT
$387B
$52.4M 0.27%
135,072
-2,600
-2% -$867K
TXN icon
64
Texas Instruments
TXN
$261B
$51.3M 0.27%
247,061
-15,404
-6% -$2.73M
BKNG icon
65
Booking.com
BKNG
$161B
$51.3M 0.27%
221,475
-2,500
-1% -$512K
PEP icon
66
PepsiCo
PEP
$190B
$50.9M 0.26%
385,822
+2,100
+0.5% +$283K
AMAT icon
67
Applied Materials
AMAT
$428B
$50M 0.26%
273,355
+1,800
+0.7% +$285K
ADBE icon
68
Adobe
ADBE
$105B
$49.4M 0.26%
127,723
-300
-0.2% -$116K
XLV icon
69
State Street Health Care Select Sector SPDR ETF
XLV
$42.7B
$48.6M 0.25%
360,588
+64,600
+22% +$8.72M
AXP icon
70
American Express
AXP
$230B
$48M 0.25%
150,477
-100
-0.1% -$28.1K
C icon
71
Citigroup
C
$226B
$47.9M 0.25%
563,236
-5,100
-0.9% -$369K
MS icon
72
Morgan Stanley
MS
$340B
$47.3M 0.25%
335,926
+200
+0.1% +$24.6K
SPOT icon
73
Spotify
SPOT
$100B
$46.1M 0.24%
60,031
– –
MU icon
74
Micron Technology
MU
$991B
$45.8M 0.24%
371,442
+33,700
+10% +$3.15M
SPGI icon
75
S&P Global
SPGI
$120B
$45M 0.23%
85,353
-100
-0.1% -$49.9K
1 2
3
4 5

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.