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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
LRCX icon
101
Lam Research
LRCX
$390B
$36.7M 0.19%
377,100
+700
+0.2% +$55.5K
BIIB icon
102
Biogen
BIIB
$30.7B
$36.6M 0.19%
291,303
+251,600
+634% +$31.3M
INTC icon
103
Intel
INTC
$513B
$35.8M 0.19%
1,599,983
+39,500
+3% +$818K
KLAC icon
104
KLA
KLAC
$259B
$35.7M 0.18%
398,680
+1,000
+0.3% +$75.2K
DE icon
105
Deere & Co
DE
$168B
$34.9M 0.18%
68,657
-100
-0.1% -$49K
CRWD icon
106
CrowdStrike
CRWD
$218B
$34.5M 0.18%
270,800
+3,600
+1% +$390K
DHR icon
107
Danaher
DHR
$144B
$34.2M 0.18%
173,146
-500
-0.3% -$97K
LOW icon
108
Lowe's Companies
LOW
$125B
$33.8M 0.17%
152,170
-1,000
-0.7% -$223K
TSM icon
109
TSMC
TSM
$2.18T
$33.6M 0.17%
148,200
– –
NKE icon
110
Nike
NKE
$61.9B
$33M 0.17%
464,915
-1,700
-0.4% -$102K
VRTX icon
111
Vertex Pharmaceuticals
VRTX
$126B
$32.3M 0.17%
72,523
+400
+0.6% +$184K
ADI icon
112
Analog Devices
ADI
$190B
$32.1M 0.17%
134,855
+300
+0.2% +$62.5K
TMUS icon
113
T-Mobile US
TMUS
$190B
$30.9M 0.16%
129,641
-400
-0.3% -$97.7K
COP icon
114
ConocoPhillips
COP
$141B
$30.8M 0.16%
343,228
-38,100
-10% -$3.43M
VRT icon
115
Vertiv
VRT
$105B
$30.7M 0.16%
239,300
– –
MRSH
116
Marsh
MRSH
$91.5B
$30.6M 0.16%
139,975
-700
-0.5% -$158K
MDT icon
117
Medtronic
MDT
$112B
$30.4M 0.16%
348,698
+800
+0.2% +$67.8K
AMT icon
118
American Tower
AMT
$80.4B
$29.9M 0.16%
135,484
+8,700
+7% +$1.88M
BX icon
119
Blackstone
BX
$110B
$29.7M 0.15%
198,400
-200
-0.1% -$27.5K
CB icon
120
Chubb
CB
$135B
$29.3M 0.15%
101,287
+200
+0.2% +$57.6K
BABA icon
121
Alibaba
BABA
$308B
$29.1M 0.15%
257,000
– –
MELI icon
122
Mercado Libre
MELI
$92.3B
$28.7M 0.15%
11,000
– –
CME icon
123
CME Group
CME
$94.8B
$28.5M 0.15%
103,244
– –
SBUX icon
124
Starbucks
SBUX
$120B
$28.3M 0.15%
308,959
+800
+0.3% +$69.3K
BMY icon
125
Bristol-Myers Squibb
BMY
$132B
$28.2M 0.15%
608,733
-4,400
-0.7% -$216K
3 4
5
6 7

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.