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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
QUAL icon
76
iShares MSCI USA Quality Factor ETF
QUAL
$48B
$47.9M 0.23%
246,349
+26,000
+12% +$4.88M
BLK icon
77
Blackrock
BLK
$178B
$47.9M 0.23%
41,071
-600
-1% -$671K
BKNG icon
78
Booking.com
BKNG
$160B
$47.3M 0.23%
218,975
-2,500
-1% -$558K
BABA icon
79
Alibaba
BABA
$306B
$45.9M 0.22%
257,000
– –
GEV icon
80
GE Vernova
GEV
$269B
$45.3M 0.22%
73,640
-600
-0.8% -$363K
TXN icon
81
Texas Instruments
TXN
$257B
$45.2M 0.22%
245,861
-1,200
-0.5% -$235K
ADBE icon
82
Adobe
ADBE
$105B
$44.6M 0.21%
126,523
-1,200
-0.9% -$431K
ACN icon
83
Accenture
ACN
$110B
$44.6M 0.21%
180,938
-1,800
-1% -$469K
BA icon
84
Boeing
BA
$184B
$44.1M 0.21%
204,496
-500
-0.2% -$113K
SCHW
85
Charles Schwab
SCHW
$186B
$44.1M 0.21%
461,466
-2,900
-0.6% -$275K
PFE icon
86
Pfizer
PFE
$152B
$43.5M 0.21%
1,708,684
-8,300
-0.5% -$205K
KLAC icon
87
KLA
KLAC
$262B
$42.7M 0.21%
395,680
-3,000
-0.8% -$280K
NEE icon
88
NextEra Energy
NEE
$179B
$42M 0.2%
556,898
-2,900
-0.5% -$212K
TSM icon
89
TSMC
TSM
$2.19T
$41.4M 0.2%
148,200
– –
SPGI icon
90
S&P Global
SPGI
$120B
$41.2M 0.2%
84,553
-800
-0.9% -$428K
AMGN icon
91
Amgen
AMGN
$224B
$41.1M 0.2%
145,597
-600
-0.4% -$174K
KR icon
92
Kroger
KR
$34.5B
$40.2M 0.19%
596,887
+297,900
+100% +$20.7M
ICE icon
93
Intercontinental Exchange
ICE
$84.9B
$40.2M 0.19%
238,442
-1,100
-0.5% -$197K
ETN icon
94
Eaton
ETN
$178B
$39.4M 0.19%
105,256
-1,100
-1% -$400K
PGR icon
95
Progressive
PGR
$123B
$39.2M 0.19%
158,588
-800
-0.5% -$197K
BSX icon
96
Boston Scientific
BSX
$74.2B
$39.1M 0.19%
400,708
-1,600
-0.4% -$166K
SPOT icon
97
Spotify
SPOT
$103B
$39.1M 0.19%
56,031
-4,000
-7% -$2.8M
COF icon
98
Capital One
COF
$134B
$38.6M 0.19%
181,764
-900
-0.5% -$197K
LOW icon
99
Lowe's Companies
LOW
$124B
$38.1M 0.18%
151,570
-600
-0.4% -$147K
UNP icon
100
Union Pacific
UNP
$174B
$37.9M 0.18%
160,345
-2,100
-1% -$473K
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
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.