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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
IBOC icon
876
International Bancshares
IBOC
$4.48B
$888K ﹤0.01%
12,912
+100
+0.8% +$6.99K
ALGM icon
877
Allegro MicroSystems
ALGM
$7.93B
$861K ﹤0.01%
29,500
-1,900
-6% -$61.5K
NOVT icon
878
Novanta
NOVT
$6.34B
$861K ﹤0.01%
8,600
– –
BRKR icon
879
Bruker
BRKR
$8.69B
$858K ﹤0.01%
26,393
-200
-0.8% -$7.13K
NWE icon
880
NorthWestern Energy
NWE
$4.35B
$857K ﹤0.01%
14,628
-100
-0.7% -$5.52K
SNOW icon
881
Snowflake
SNOW
$116B
$835K ﹤0.01%
+3,702
New +$795K
MZTI
882
The Marzetti Company
MZTI
$3.15B
$835K ﹤0.01%
4,832
+200
+4% +$35.9K
EXPO icon
883
Exponent
EXPO
$3.25B
$834K ﹤0.01%
12,000
-200
-2% -$14.3K
LNTH icon
884
Lantheus
LNTH
$6.57B
$831K ﹤0.01%
16,200
-400
-2% -$25K
FLG
885
Flagstar Bank National Association
FLG
$5.89B
$823K ﹤0.01%
71,295
-1,600
-2% -$19K
EEFT icon
886
Euronet Worldwide
EEFT
$2.64B
$809K ﹤0.01%
9,217
-600
-6% -$57.5K
HOG icon
887
Harley-Davidson
HOG
$2.78B
$808K ﹤0.01%
28,961
+2,700
+10% +$72.5K
NVST icon
888
Envista
NVST
$4.58B
$806K ﹤0.01%
39,563
-1,200
-3% -$24.7K
TEX icon
889
Terex
TEX
$7.74B
$801K ﹤0.01%
15,618
-200
-1% -$10.2K
CXT icon
890
Crane NXT
CXT
$2.95B
$790K ﹤0.01%
11,772
-100
-0.8% -$5.96K
VC icon
891
Visteon
VC
$2.83B
$780K ﹤0.01%
6,507
– –
CDP icon
892
COPT Defense Properties
CDP
$4.13B
$779K ﹤0.01%
26,813
-300
-1% -$8.62K
VAL icon
893
Valaris
VAL
$6.03B
$771K ﹤0.01%
15,800
+100
+0.6% +$4.88K
AMKR icon
894
Amkor Technology
AMKR
$13.5B
$768K ﹤0.01%
27,049
-300
-1% -$7.22K
KMPR icon
895
Kemper
KMPR
$1.54B
$768K ﹤0.01%
14,896
+400
+3% +$22.5K
PAG icon
896
Penske Automotive Group
PAG
$14.2B
$765K ﹤0.01%
4,400
-100
-2% -$17.8K
PII icon
897
Polaris
PII
$3.99B
$737K ﹤0.01%
12,679
– –
RH icon
898
RH
RH
$3.46B
$734K ﹤0.01%
3,615
– –
PRGO icon
899
Perrigo
PRGO
$1.78B
$730K ﹤0.01%
32,758
-300
-0.9% -$7.33K
GTM
900
ZoomInfo Technologies
GTM
$1.19B
$729K ﹤0.01%
66,800
+4,300
+7% +$46.1K
34 35
36
37 38

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.