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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
BDC icon
826
Belden
BDC
$5.19B
$1.1M 0.01%
9,498
-100
-1% -$10.5K
DLB icon
827
Dolby
DLB
$5.79B
$1.1M 0.01%
14,800
+200
+1% +$15K
BRKR icon
828
Bruker
BRKR
$8.14B
$1.1M 0.01%
26,593
+100
+0.4% +$3.86K
HXL icon
829
Hexcel
HXL
$7.82B
$1.09M 0.01%
19,297
-100
-0.5% -$5.29K
BIO icon
830
Bio-Rad Laboratories Class A
BIO
$9.42B
$1.09M 0.01%
4,500
-500
-10% -$118K
SWX icon
831
Southwest Gas
SWX
$6.67B
$1.08M 0.01%
14,529
+100
+0.7% +$7.21K
NJR icon
832
New Jersey Resources
NJR
$5.58B
$1.08M 0.01%
24,085
+100
+0.4% +$4.69K
ALGM icon
833
Allegro MicroSystems
ALGM
$8.16B
$1.07M 0.01%
31,400
+100
+0.3% +$2.49K
AVT icon
834
Avnet
AVT
$7.92B
$1.07M 0.01%
20,205
-500
-2% -$24.8K
POR icon
835
Portland General Electric
POR
$5.77B
$1.07M 0.01%
26,300
+100
+0.4% +$4.2K
EPR icon
836
EPR Properties
EPR
$4.77B
$1.07M 0.01%
18,289
+200
+1% +$10.5K
SLGN icon
837
Silgan Holdings
SLGN
$4.41B
$1.06M 0.01%
19,600
+200
+1% +$10.6K
ST icon
838
Sensata Technologies
ST
$6.79B
$1.06M 0.01%
35,200
-600
-2% -$14.7K
SBRA icon
839
Sabra Healthcare REIT
SBRA
$5.37B
$1.06M 0.01%
57,249
+600
+1% +$10.6K
BILL icon
840
BILL Holdings
BILL
$4.78B
$1.05M 0.01%
22,800
+400
+2% +$17.7K
NWS icon
841
News Corp Class B
NWS
$17.5B
$1.04M 0.01%
30,345
– –
SR icon
842
Spire
SR
$4.85B
$1.04M 0.01%
14,236
+300
+2% +$22.5K
OGS icon
843
ONE Gas
OGS
$5.04B
$1.04M 0.01%
14,404
+800
+6% +$60.1K
SON icon
844
Sonoco
SON
$5.74B
$1.03M 0.01%
23,751
+200
+0.8% +$8.95K
VLY icon
845
Valley National Bancorp
VLY
$8.04B
$1.02M 0.01%
114,481
+800
+0.7% +$6.95K
EEFT icon
846
Euronet Worldwide
EEFT
$2.7B
$995K 0.01%
9,817
-100
-1% -$10.3K
IRT icon
847
Independence Realty Trust
IRT
$4.07B
$992K 0.01%
56,100
+900
+2% +$16.9K
BKH icon
848
Black Hills Corp
BKH
$5.69B
$976K 0.01%
17,400
+300
+2% +$17.6K
CBT icon
849
Cabot Corp
CBT
$4.52B
$972K 0.01%
12,965
– –
ASB icon
850
Associated Banc-Corp
ASB
$5.91B
$958K 0.01%
39,278
– –
32 33
34
35 36

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.