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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
GILD icon
101
Gilead Sciences
GILD
$168B
$37.3M 0.18%
335,595
-2,600
-0.8% -$296K
PANW icon
102
Palo Alto Networks
PANW
$313B
$36.8M 0.18%
180,600
+600
+0.3% +$115K
HON icon
103
Honeywell
HON
$72.9B
$36.1M 0.17%
182,190
-3,183
-2% -$665K
ADP icon
104
Automatic Data Processing
ADP
$108B
$36.1M 0.17%
123,003
-800
-0.6% -$241K
VRT icon
105
Vertiv
VRT
$108B
$36.1M 0.17%
239,300
– –
SYK icon
106
Stryker
SYK
$134B
$34.4M 0.17%
93,099
-400
-0.4% -$155K
CMCSA icon
107
Comcast
CMCSA
$91B
$34.4M 0.17%
1,093,389
-16,700
-2% -$560K
DHR icon
108
Danaher
DHR
$146B
$34.2M 0.16%
172,346
-800
-0.5% -$159K
BX icon
109
Blackstone
BX
$118B
$34.1M 0.16%
199,300
+900
+0.5% +$154K
CRWD icon
110
CrowdStrike
CRWD
$226B
$33.5M 0.16%
272,900
+2,100
+0.8% +$239K
MDT icon
111
Medtronic
MDT
$116B
$33M 0.16%
346,498
-2,200
-0.6% -$202K
ADI icon
112
Analog Devices
ADI
$188B
$33M 0.16%
134,255
-600
-0.4% -$144K
NKE icon
113
Nike
NKE
$61.3B
$32.5M 0.16%
465,915
+1,000
+0.2% +$74.5K
WELL icon
114
Welltower
WELL
$163B
$32.2M 0.15%
180,909
+12,000
+7% +$1.97M
COP icon
115
ConocoPhillips
COP
$151B
$32M 0.15%
337,828
-5,400
-2% -$511K
TMUS icon
116
T-Mobile US
TMUS
$192B
$31.3M 0.15%
130,841
+1,200
+0.9% +$290K
DE icon
117
Deere & Co
DE
$167B
$31.2M 0.15%
68,157
-500
-0.7% -$247K
MO icon
118
Altria Group
MO
$109B
$30M 0.14%
454,342
-3,700
-0.8% -$234K
HOOD icon
119
Robinhood
HOOD
$84.9B
$30M 0.14%
+209,300
New +$22.8M
LMT icon
120
Lockheed Martin
LMT
$138B
$29.7M 0.14%
59,418
-1,100
-2% -$499K
CVS icon
121
CVS Health
CVS
$120B
$29.6M 0.14%
392,177
-1,000
-0.3% -$68.5K
PLD icon
122
Prologis
PLD
$133B
$28.7M 0.14%
250,967
-1,300
-0.5% -$143K
CB icon
123
Chubb
CB
$134B
$28.3M 0.14%
100,287
-1,000
-1% -$275K
VRTX icon
124
Vertex Pharmaceuticals
VRTX
$134B
$28.2M 0.14%
72,023
-500
-0.7% -$209K
SO icon
125
Southern Company
SO
$106B
$28.2M 0.14%
297,523
-1,300
-0.4% -$121K
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
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.