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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
AVT icon
851
Avnet
AVT
$7.87B
$1.05M 0.01%
20,005
-200
-1% -$10.8K
WHR icon
852
Whirlpool
WHR
$2.84B
$1.05M 0.01%
13,300
-100
-0.7% -$9.18K
FFIN icon
853
First Financial Bankshares
FFIN
$4.99B
$1.04M 0.01%
30,963
– –
KNF icon
854
Knife River
KNF
$3.87B
$1.03M 0.01%
13,455
-200
-1% -$16.3K
KBH icon
855
KB Home
KBH
$3.54B
$1.03M 0.01%
16,238
-1,000
-6% -$60.5K
SLAB icon
856
Silicon Laboratories
SLAB
$7.22B
$1.02M ﹤0.01%
7,797
– –
LSTR icon
857
Landstar System
LSTR
$6.03B
$1.01M ﹤0.01%
8,270
-100
-1% -$13.3K
SON icon
858
Sonoco
SON
$5.71B
$1.01M ﹤0.01%
23,451
-300
-1% -$13.9K
ENS icon
859
EnerSys
ENS
$6.79B
$1M ﹤0.01%
8,872
-600
-6% -$59K
MSM icon
860
MSC Industrial Direct
MSM
$6.7B
$1M ﹤0.01%
10,865
+100
+0.9% +$8.92K
ASB icon
861
Associated Banc-Corp
ASB
$6.02B
$1,000K ﹤0.01%
38,878
-400
-1% -$10.3K
BC icon
862
Brunswick
BC
$5.28B
$985K ﹤0.01%
15,570
-200
-1% -$12.4K
GHC icon
863
Graham Holdings Company
GHC
$4.97B
$970K ﹤0.01%
824
– –
ANF icon
864
Abercrombie & Fitch
ANF
$5.24B
$967K ﹤0.01%
11,300
-200
-2% -$18.7K
CBT icon
865
Cabot Corp
CBT
$4.49B
$963K ﹤0.01%
12,665
-300
-2% -$23.4K
PVH icon
866
PVH
PVH
$3.91B
$955K ﹤0.01%
11,400
-100
-0.9% -$7.85K
TNL icon
867
Travel + Leisure Co
TNL
$4.52B
$923K ﹤0.01%
15,507
-500
-3% -$30K
TCBI icon
868
Texas Capital Bancshares
TCBI
$4.36B
$917K ﹤0.01%
10,852
-200
-2% -$17.1K
ALE
869
DELISTED
Allete
ALE
$913K ﹤0.01%
13,746
-200
-1% -$13K
FHI icon
870
Federated Hermes
FHI
$4.7B
$913K ﹤0.01%
17,576
-600
-3% -$30.4K
CNO icon
871
CNO Financial Group
CNO
$5.05B
$912K ﹤0.01%
23,051
-800
-3% -$30.6K
IRT icon
872
Independence Realty Trust
IRT
$3.93B
$911K ﹤0.01%
55,600
-500
-0.9% -$8.66K
MUR icon
873
Murphy Oil
MUR
$5.12B
$908K ﹤0.01%
31,947
-300
-0.9% -$7.57K
SLGN icon
874
Silgan Holdings
SLGN
$4.35B
$908K ﹤0.01%
21,100
+1,500
+8% +$72.5K
RYN icon
875
Rayonier
RYN
$6.45B
$897K ﹤0.01%
35,466
+105
+0.3% +$2.52K
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
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.