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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
APP icon
751
Applovin
APP
$116B
$1.47M 0.01%
4,200
+300
+8% +$97.3K
THG icon
752
Hanover Insurance
THG
$7.91B
$1.47M 0.01%
8,632
– –
RLI icon
753
RLI Corp
RLI
$5.9B
$1.45M 0.01%
20,032
+100
+0.5% +$7.5K
ALK icon
754
Alaska Air
ALK
$5.38B
$1.44M 0.01%
29,200
-300
-1% -$14.6K
DAR icon
755
Darling Ingredients
DAR
$9.86B
$1.44M 0.01%
38,074
– –
UFPI icon
756
UFP Industries
UFPI
$5.04B
$1.44M 0.01%
14,500
– –
CADE
757
DELISTED
Cadence Bank
CADE
$1.43M 0.01%
44,810
+900
+2% +$27K
ENPH icon
758
Enphase Energy
ENPH
$5.42B
$1.42M 0.01%
35,715
-200
-0.6% -$9.24K
MTN icon
759
Vail Resorts
MTN
$5.21B
$1.41M 0.01%
9,000
– –
H icon
760
Hyatt Hotels
H
$16.3B
$1.41M 0.01%
10,100
-100
-1% -$12.5K
TREX icon
761
Trex
TREX
$4.9B
$1.4M 0.01%
25,822
+200
+0.8% +$11.3K
BF.B icon
762
Brown-Forman Class B
BF.B
$12.9B
$1.36M 0.01%
50,681
– –
CROX icon
763
Crocs
CROX
$6.61B
$1.36M 0.01%
13,438
– –
WHR icon
764
Whirlpool
WHR
$2.71B
$1.36M 0.01%
13,400
+100
+0.8% +$8.32K
LNTH icon
765
Lantheus
LNTH
$6.59B
$1.36M 0.01%
16,600
– –
DBX icon
766
Dropbox
DBX
$8.05B
$1.35M 0.01%
47,200
-4,600
-9% -$130K
LFUS icon
767
Littelfuse
LFUS
$11.7B
$1.35M 0.01%
5,953
– –
CHRD icon
768
Chord Energy
CHRD
$7.6B
$1.35M 0.01%
13,900
-700
-5% -$66.6K
AMG icon
769
Affiliated Managers Group
AMG
$9.77B
$1.34M 0.01%
6,819
-200
-3% -$34.7K
GXO icon
770
GXO Logistics
GXO
$5.45B
$1.34M 0.01%
27,527
-1,100
-4% -$43.8K
HR icon
771
Healthcare Realty
HR
$6.74B
$1.34M 0.01%
84,453
-400
-0.5% -$6.08K
MTDR icon
772
Matador Resources
MTDR
$6.33B
$1.34M 0.01%
28,000
+200
+0.7% +$8.83K
CRUS icon
773
Cirrus Logic
CRUS
$6.25B
$1.33M 0.01%
12,741
– –
CMC icon
774
Commercial Metals
CMC
$8.18B
$1.33M 0.01%
27,137
-100
-0.4% -$4.63K
GATX icon
775
GATX Corp
GATX
$6.23B
$1.32M 0.01%
8,612
+100
+1% +$15K
29 30
31
32 33

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.