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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
WMG icon
851
Warner Music
WMG
$13.8B
$956K 0.01%
35,100
+400
+1% +$11.2K
ANF icon
852
Abercrombie & Fitch
ANF
$5B
$953K ﹤0.01%
11,500
-600
-5% -$45.5K
MMS icon
853
Maximus
MMS
$3.1B
$949K ﹤0.01%
13,518
– –
CYTK icon
854
Cytokinetics
CYTK
$10.4B
$948K ﹤0.01%
28,700
+500
+2% +$17.4K
KMPR icon
855
Kemper
KMPR
$1.68B
$936K ﹤0.01%
14,496
+100
+0.7% +$6.19K
VFC icon
856
VF Corp
VFC
$5.89B
$935K ﹤0.01%
79,600
+300
+0.4% +$3.72K
CNO icon
857
CNO Financial Group
CNO
$5.1B
$920K ﹤0.01%
23,851
-500
-2% -$19.1K
MSM icon
858
MSC Industrial Direct
MSM
$6.86B
$915K ﹤0.01%
10,765
+100
+0.9% +$7.9K
KBH icon
859
KB Home
KBH
$3.59B
$913K ﹤0.01%
17,238
+600
+4% +$31.9K
EXPO icon
860
Exponent
EXPO
$3.24B
$911K ﹤0.01%
12,200
– –
HAE icon
861
Haemonetics
HAE
$4B
$901K ﹤0.01%
12,074
+100
+0.8% +$6.62K
BCO icon
862
Brink's
BCO
$4.62B
$900K ﹤0.01%
10,077
-400
-4% -$34.8K
ECHO
863
EchoStar
ECHO
$26.2B
$895K ﹤0.01%
32,300
+3,400
+12% +$74.7K
ALE
864
DELISTED
Allete
ALE
$894K ﹤0.01%
13,946
+100
+0.7% +$6.5K
CLF icon
865
Cleveland-Cliffs
CLF
$6.99B
$886K ﹤0.01%
116,527
+700
+0.6% +$5.2K
PRGO icon
866
Perrigo
PRGO
$1.78B
$883K ﹤0.01%
33,058
+400
+1% +$10.5K
TCBI icon
867
Texas Capital Bancshares
TCBI
$4.32B
$878K ﹤0.01%
11,052
– –
KRC icon
868
Kilroy Realty
KRC
$4.42B
$877K ﹤0.01%
25,565
+100
+0.4% +$3.26K
WFRD icon
869
Weatherford International
WFRD
$6.22B
$875K ﹤0.01%
17,400
– –
BC icon
870
Brunswick
BC
$5.28B
$871K ﹤0.01%
15,770
– –
IBOC icon
871
International Bancshares
IBOC
$4.57B
$853K ﹤0.01%
12,812
– –
TNL icon
872
Travel + Leisure Co
TNL
$4.7B
$826K ﹤0.01%
16,007
-400
-2% -$18.8K
ENS icon
873
EnerSys
ENS
$6.99B
$812K ﹤0.01%
9,472
– –
PSN icon
874
Parsons
PSN
$5.08B
$811K ﹤0.01%
11,300
+100
+0.9% +$6.61K
FHI icon
875
Federated Hermes
FHI
$4.72B
$806K ﹤0.01%
18,176
-500
-3% -$20.6K
33 34
35
36 37

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.