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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
CUZ icon
826
Cousins Properties
CUZ
$4.83B
$1.16M 0.01%
40,044
-300
-0.7% -$8.52K
OGS icon
827
ONE Gas
OGS
$5B
$1.16M 0.01%
14,304
-100
-0.7% -$7.49K
BILL icon
828
BILL Holdings
BILL
$4.93B
$1.15M 0.01%
21,800
-1,000
-4% -$46.4K
BCO icon
829
Brink's
BCO
$4.69B
$1.15M 0.01%
9,877
-200
-2% -$20.9K
NJR icon
830
New Jersey Resources
NJR
$5.55B
$1.15M 0.01%
23,885
-200
-0.8% -$9.32K
POR icon
831
Portland General Electric
POR
$5.69B
$1.15M 0.01%
26,100
-200
-0.8% -$8.39K
SR icon
832
Spire
SR
$4.87B
$1.14M 0.01%
14,036
-200
-1% -$15.2K
TKR icon
833
Timken Company
TKR
$8.91B
$1.14M 0.01%
15,123
-200
-1% -$15.4K
QLYS icon
834
Qualys
QLYS
$6.51B
$1.13M 0.01%
8,576
-200
-2% -$27.1K
BDC icon
835
Belden
BDC
$5.26B
$1.13M 0.01%
9,398
-100
-1% -$12.6K
VFC icon
836
VF Corp
VFC
$5.81B
$1.13M 0.01%
78,100
-1,500
-2% -$20.2K
SAIC icon
837
Saic
SAIC
$5.3B
$1.11M 0.01%
11,155
-200
-2% -$22.3K
KEX icon
838
Kirby Corp
KEX
$7B
$1.11M 0.01%
13,259
-200
-1% -$20.1K
KRC icon
839
Kilroy Realty
KRC
$4.24B
$1.09M 0.01%
25,865
+300
+1% +$11.8K
BRBR icon
840
BellRing Brands
BRBR
$1.34B
$1.09M 0.01%
30,045
-500
-2% -$22.6K
CROX icon
841
Crocs
CROX
$6.31B
$1.09M 0.01%
13,038
-400
-3% -$36.5K
VVV icon
842
Valvoline
VVV
$4.21B
$1.09M 0.01%
30,315
-200
-0.7% -$7.63K
CNX icon
843
CNX Resources
CNX
$5.35B
$1.08M 0.01%
33,702
-1,100
-3% -$33.7K
OPCH icon
844
Option Care Health
OPCH
$3.61B
$1.07M 0.01%
38,659
-700
-2% -$20.3K
BKH icon
845
Black Hills Corp
BKH
$5.59B
$1.07M 0.01%
17,300
-100
-0.6% -$5.88K
SBRA icon
846
Sabra Healthcare REIT
SBRA
$5.07B
$1.07M 0.01%
57,149
-100
-0.2% -$1.87K
ST icon
847
Sensata Technologies
ST
$6.73B
$1.06M 0.01%
34,700
-500
-1% -$15.8K
DLB icon
848
Dolby
DLB
$5.75B
$1.06M 0.01%
14,600
-200
-1% -$14.7K
PSN icon
849
Parsons
PSN
$5.15B
$1.05M 0.01%
12,700
+1,400
+12% +$108K
EPR icon
850
EPR Properties
EPR
$4.58B
$1.05M 0.01%
18,089
-200
-1% -$11.2K
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
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.