We are live on ! Find out more
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
GT icon
926
Goodyear
GT
$1.75B
$510K ﹤0.01%
68,126
-600
-0.9% -$5.64K
NSA
927
DELISTED
National Storage Affiliates Trust
NSA
$508K ﹤0.01%
16,801
-100
-0.6% -$3.12K
EFOR
928
Everforth Inc
EFOR
$1.35B
$493K ﹤0.01%
10,421
-100
-1% -$5.1K
CNXC icon
929
Concentrix
CNXC
$1.57B
$493K ﹤0.01%
10,691
-400
-4% -$21.3K
IPGP icon
930
IPG Photonics
IPGP
$3.65B
$475K ﹤0.01%
6,000
-300
-5% -$23.4K
VEEV icon
931
Veeva Systems
VEEV
$38.4B
$447K ﹤0.01%
1,500
– –
IRDM icon
932
Iridium Communications
IRDM
$5.23B
$441K ﹤0.01%
25,259
-700
-3% -$17.3K
VAC icon
933
Marriott Vacations Worldwide
VAC
$3.95B
$440K ﹤0.01%
6,613
-1,000
-13% -$77.1K
NSP icon
934
Insperity
NSP
$1.94B
$421K ﹤0.01%
8,550
– –
PPC icon
935
Pilgrim's Pride
PPC
$6.4B
$414K ﹤0.01%
10,171
+500
+5% +$22.7K
SAM icon
936
Boston Beer
SAM
$1.85B
$398K ﹤0.01%
1,883
-100
-5% -$21.3K
GEF icon
937
Greif
GEF
$4.98B
$373K ﹤0.01%
6,239
+100
+2% +$6.46K
FCNCA icon
938
First Citizens BancShares
FCNCA
$25.4B
$358K ﹤0.01%
200
– –
COTY icon
939
Coty
COTY
$2.48B
$352K ﹤0.01%
87,198
-900
-1% -$4.12K
MRP
940
Millrose Properties Inc
MRP
$4.94B
$334K ﹤0.01%
9,938
– –
COLM icon
941
Columbia Sportswear
COLM
$2.88B
$323K ﹤0.01%
6,174
-1,200
-16% -$67.5K
PHIN icon
942
Phinia Inc
PHIN
$2.74B
$242K ﹤0.01%
+4,218
New +$228K
UAA icon
943
Under Armour
UAA
$2.29B
$225K ﹤0.01%
45,000
+300
+0.7% +$1.75K
UA icon
944
Under Armour Class C
UA
$2.23B
$140K ﹤0.01%
28,900
-1,800
-6% -$10.1K
ACHC icon
945
Acadia Healthcare
ACHC
$2.9B
– –
-22,130
Closed -$502K
AMED
946
DELISTED
Amedisys
AMED
– –
-7,875
Closed -$775K
ANSS
947
DELISTED
Ansys
ANSS
– –
-23,911
Closed -$8.4M
ARM icon
948
Arm
ARM
$287B
– –
-128,200
Closed -$20.7M
CHX
949
DELISTED
ChampionX
CHX
– –
-45,995
Closed -$1.14M
CRBG icon
950
Corebridge Financial
CRBG
$14.9B
– –
-5,800
Closed -$206K
35 36 37
38
39

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.