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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
TXNM
801
TXNM Energy Inc
TXNM
$5.91B
$1.28M 0.01%
22,589
+300
+1% +$17K
LEA icon
802
Lear
LEA
$8.12B
$1.27M 0.01%
12,655
-200
-2% -$20.8K
PEGA icon
803
Pegasystems
PEGA
$5.44B
$1.26M 0.01%
22,000
+600
+3% +$33.1K
HWC icon
804
Hancock Whitney
HWC
$6.28B
$1.26M 0.01%
20,140
-500
-2% -$30.6K
MTDR icon
805
Matador Resources
MTDR
$6.51B
$1.25M 0.01%
27,900
-100
-0.4% -$4.88K
UBSI icon
806
United Bankshares
UBSI
$6.61B
$1.25M 0.01%
33,613
-500
-1% -$18.6K
FOUR icon
807
Shift4
FOUR
$3.24B
$1.24M 0.01%
16,000
-200
-1% -$18.6K
HOMB icon
808
Home BancShares
HOMB
$6.2B
$1.23M 0.01%
43,630
-500
-1% -$14.5K
FCN icon
809
FTI Consulting
FCN
$4.22B
$1.23M 0.01%
7,604
-500
-6% -$83K
MMS icon
810
Maximus
MMS
$2.84B
$1.23M 0.01%
13,418
-100
-0.7% -$8.1K
BYD icon
811
Boyd Gaming
BYD
$5.98B
$1.22M 0.01%
14,124
-600
-4% -$50.4K
POST icon
812
Post Holdings
POST
$3.56B
$1.22M 0.01%
11,347
+500
+5% +$53.6K
VLY icon
813
Valley National Bancorp
VLY
$8.16B
$1.21M 0.01%
114,581
+100
+0.1% +$999
BIO icon
814
Bio-Rad Laboratories Class A
BIO
$9.53B
$1.21M 0.01%
4,300
-200
-4% -$54.4K
SWX icon
815
Southwest Gas
SWX
$6.63B
$1.19M 0.01%
15,229
+700
+5% +$54.5K
HXL icon
816
Hexcel
HXL
$7.6B
$1.18M 0.01%
18,897
-400
-2% -$24.6K
WMG icon
817
Warner Music
WMG
$13.1B
$1.18M 0.01%
34,700
-400
-1% -$12.8K
SIGI icon
818
Selective Insurance
SIGI
$5.6B
$1.17M 0.01%
14,481
-100
-0.7% -$8.06K
NOV icon
819
NOV
NOV
$7.49B
$1.17M 0.01%
88,477
-1,900
-2% -$24.5K
WFRD icon
820
Weatherford International
WFRD
$6.77B
$1.17M 0.01%
17,100
-300
-2% -$17.8K
KRG icon
821
Kite Realty
KRG
$5.24B
$1.17M 0.01%
52,395
-500
-0.9% -$11.2K
DAR icon
822
Darling Ingredients
DAR
$9.84B
$1.16M 0.01%
37,674
-400
-1% -$13.4K
GAP
823
The Gap Inc
GAP
$7.55B
$1.16M 0.01%
54,230
+800
+1% +$17.3K
M icon
824
Macy's
M
$6.45B
$1.16M 0.01%
64,670
-2,300
-3% -$32.6K
NWS icon
825
News Corp Class B
NWS
$17.7B
$1.16M 0.01%
33,545
+3,200
+11% +$108K
31 32
33
34 35

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.