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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
BURL icon
76
Burlington
BURL
$23.2B
$44.2M 0.23%
190,200
-34,900
-16% -$8.3M
ICE icon
77
Intercontinental Exchange
ICE
$84.4B
$43.9M 0.23%
239,542
+100
+0% +$17.2K
BLK icon
78
Blackrock
BLK
$176B
$43.7M 0.23%
41,671
-100
-0.2% -$94.6K
BSX icon
79
Boston Scientific
BSX
$71.5B
$43.2M 0.22%
402,308
+2,500
+0.6% +$253K
TJX icon
80
TJX Companies
TJX
$178B
$43.2M 0.22%
349,882
-500
-0.1% -$63.4K
BA icon
81
Boeing
BA
$185B
$43M 0.22%
204,996
+1,500
+0.7% +$283K
PGR icon
82
Progressive
PGR
$125B
$42.5M 0.22%
159,388
+500
+0.3% +$137K
SCHW
83
Charles Schwab
SCHW
$187B
$42.4M 0.22%
464,366
+2,100
+0.5% +$176K
PFE icon
84
Pfizer
PFE
$153B
$41.6M 0.22%
1,716,984
-8,500
-0.5% -$198K
TMO icon
85
Thermo Fisher Scientific
TMO
$220B
$41.6M 0.22%
102,610
-1,200
-1% -$502K
APH icon
86
Amphenol
APH
$209B
$40.9M 0.21%
414,274
-19,300
-4% -$1.58M
AMGN icon
87
Amgen
AMGN
$222B
$40.8M 0.21%
146,197
+500
+0.3% +$142K
HON icon
88
Honeywell
HON
$78B
$40.7M 0.21%
185,373
-1,803
-1% -$365K
QUAL icon
89
iShares MSCI USA Quality Factor ETF
QUAL
$48.1B
$40.3M 0.21%
220,349
+62,599
+40% +$10.8M
CMCSA icon
90
Comcast
CMCSA
$90B
$39.6M 0.21%
1,110,089
+16,600
+2% +$574K
GEV icon
91
GE Vernova
GEV
$264B
$39.3M 0.2%
74,240
-600
-0.8% -$250K
COF icon
92
Capital One
COF
$134B
$38.9M 0.2%
182,664
+72,108
+65% +$13.5M
NEE icon
93
NextEra Energy
NEE
$177B
$38.9M 0.2%
559,798
-851,100
-60% -$59.1M
ADP icon
94
Automatic Data Processing
ADP
$108B
$38.2M 0.2%
123,803
-500
-0.4% -$154K
GEHC icon
95
GE HealthCare
GEHC
$32.4B
$38.1M 0.2%
514,553
+500
+0.1% +$34.8K
ETN icon
96
Eaton
ETN
$174B
$38M 0.2%
106,356
-900
-0.8% -$277K
GILD icon
97
Gilead Sciences
GILD
$165B
$37.5M 0.19%
338,195
+100
+0% +$10.6K
UNP icon
98
Union Pacific
UNP
$174B
$37.4M 0.19%
162,445
-1,500
-0.9% -$333K
SYK icon
99
Stryker
SYK
$130B
$37M 0.19%
93,499
+300
+0.3% +$112K
PANW icon
100
Palo Alto Networks
PANW
$297B
$36.8M 0.19%
180,000
+400
+0.2% +$74.3K
2 3
4
5 6

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.