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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
ESAB icon
751
ESAB
ESAB
$5.48B
$1.52M 0.01%
13,602
-100
-0.7% -$11.9K
LFUS icon
752
Littelfuse
LFUS
$11.8B
$1.52M 0.01%
5,853
-100
-2% -$25K
ONTO icon
753
Onto Innovation
ONTO
$20.8B
$1.51M 0.01%
11,700
-100
-0.8% -$10.7K
RYAN icon
754
Ryan Specialty Holdings
RYAN
$10.6B
$1.51M 0.01%
26,800
+900
+3% +$53.3K
HR icon
755
Healthcare Realty
HR
$6.6B
$1.51M 0.01%
83,753
-700
-0.8% -$11.8K
OLED icon
756
Universal Display
OLED
$4.29B
$1.51M 0.01%
10,505
-100
-0.9% -$14.5K
MSA icon
757
Mine Safety
MSA
$7.41B
$1.51M 0.01%
8,755
-700
-7% -$121K
AAON icon
758
Aaon
AAON
$7.17B
$1.5M 0.01%
16,100
-100
-0.6% -$8.19K
PB icon
759
Prosperity Bancshares
PB
$8.84B
$1.5M 0.01%
22,597
-300
-1% -$20.6K
ESNT icon
760
Essent Group
ESNT
$6.11B
$1.49M 0.01%
23,433
-900
-4% -$54.7K
APPF icon
761
AppFolio
APPF
$6.98B
$1.49M 0.01%
5,400
-100
-2% -$27K
GATX icon
762
GATX Corp
GATX
$6.28B
$1.49M 0.01%
8,512
-100
-1% -$16.2K
ARW icon
763
Arrow Electronics
ARW
$10.8B
$1.49M 0.01%
12,275
-200
-2% -$25.2K
GNTX icon
764
Gentex
GNTX
$4.98B
$1.48M 0.01%
52,240
-1,800
-3% -$47.8K
MIDD icon
765
Middleby
MIDD
$5.28B
$1.48M 0.01%
11,120
-1,700
-13% -$236K
AXTA icon
766
Axalta
AXTA
$8.03B
$1.48M 0.01%
51,600
-1,000
-2% -$30.1K
AN icon
767
AutoNation
AN
$6.84B
$1.48M 0.01%
6,748
+800
+13% +$169K
FCFS icon
768
FirstCash
FCFS
$9.1B
$1.48M 0.01%
9,315
– –
VNT icon
769
Vontier
VNT
$4.51B
$1.47M 0.01%
34,915
-600
-2% -$24.7K
KBR icon
770
KBR
KBR
$4.7B
$1.45M 0.01%
30,711
-500
-2% -$24.3K
WH icon
771
Wyndham Hotels & Resorts
WH
$5.49B
$1.45M 0.01%
18,153
-400
-2% -$34.4K
GXO icon
772
GXO Logistics
GXO
$5.48B
$1.44M 0.01%
27,227
-300
-1% -$15.4K
LOPE icon
773
Grand Canyon Education
LOPE
$3.7B
$1.44M 0.01%
6,559
-200
-3% -$38.4K
CLF icon
774
Cleveland-Cliffs
CLF
$6.99B
$1.44M 0.01%
117,827
+1,300
+1% +$13.7K
H icon
775
Hyatt Hotels
H
$16.5B
$1.43M 0.01%
10,100
– –
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
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.