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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
RAL
726
Ralliant Corp
RAL
$7.46B
$1.57M 0.01%
+32,418
New +$1.6M
JAZZ icon
727
Jazz Pharmaceuticals
JAZZ
$16.7B
$1.57M 0.01%
14,804
+300
+2% +$32.6K
VMI icon
728
Valmont Industries
VMI
$9.53B
$1.56M 0.01%
4,788
– –
AXTA icon
729
Axalta
AXTA
$8.17B
$1.56M 0.01%
52,600
+400
+0.8% +$12.5K
RGEN icon
730
Repligen
RGEN
$9.25B
$1.56M 0.01%
12,553
+100
+0.8% +$12.7K
SSD icon
731
Simpson Manufacturing
SSD
$8.16B
$1.56M 0.01%
10,027
-100
-1% -$15.5K
STWD icon
732
Starwood Property Trust
STWD
$6.09B
$1.56M 0.01%
77,500
+800
+1% +$15.5K
HALO icon
733
Halozyme
HALO
$12.2B
$1.54M 0.01%
29,638
-800
-3% -$45.5K
VNO icon
734
Vornado Realty Trust
VNO
$7.38B
$1.54M 0.01%
40,200
+500
+1% +$18.7K
BBWI icon
735
Bath & Body Works
BBWI
$4.1B
$1.53M 0.01%
51,200
-600
-1% -$17.6K
FR icon
736
First Industrial Realty Trust
FR
$8.44B
$1.53M 0.01%
31,868
+200
+0.6% +$9.75K
AGCO icon
737
AGCO
AGCO
$7.2B
$1.53M 0.01%
14,858
– –
MAT icon
738
Mattel
MAT
$4.23B
$1.53M 0.01%
77,633
-3,000
-4% -$53.4K
GPK icon
739
Graphic Packaging
GPK
$3.58B
$1.53M 0.01%
72,600
+700
+1% +$16.2K
AM icon
740
Antero Midstream
AM
$10.1B
$1.53M 0.01%
80,625
+400
+0.5% +$7.15K
KEX icon
741
Kirby Corp
KEX
$6.93B
$1.53M 0.01%
13,459
-300
-2% -$31.5K
FAF icon
742
First American
FAF
$7.58B
$1.52M 0.01%
24,764
+100
+0.4% +$5.94K
WH icon
743
Wyndham Hotels & Resorts
WH
$5.48B
$1.51M 0.01%
18,553
-100
-0.5% -$8.37K
IDA icon
744
Idacorp
IDA
$8.2B
$1.5M 0.01%
13,020
+300
+2% +$34.8K
KBR icon
745
KBR
KBR
$4.8B
$1.5M 0.01%
31,211
-700
-2% -$36.3K
FBIN icon
746
Fortune Brands Innovations
FBIN
$6.06B
$1.49M 0.01%
28,942
-3,900
-12% -$204K
MHK icon
747
Mohawk Industries
MHK
$9.22B
$1.48M 0.01%
14,145
-100
-0.7% -$10.4K
TMHC
748
DELISTED
Taylor Morrison
TMHC
$1.48M 0.01%
24,095
-700
-3% -$40.7K
HLNE icon
749
Hamilton Lane
HLNE
$5.57B
$1.48M 0.01%
10,400
– –
ESNT icon
750
Essent Group
ESNT
$6.33B
$1.48M 0.01%
24,333
-800
-3% -$46.1K
28 29
30
31 32

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.