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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
TT icon
126
Trane Technologies
TT
$106B
$28.2M 0.15%
64,413
+200
+0.3% +$78.9K
LMT icon
127
Lockheed Martin
LMT
$136B
$28M 0.15%
60,518
-1,500
-2% -$702K
CEG icon
128
Constellation Energy
CEG
$95.6B
$27.5M 0.14%
85,267
+400
+0.5% +$106K
SO icon
129
Southern Company
SO
$107B
$27.4M 0.14%
298,823
+1,600
+0.5% +$144K
SOFI icon
130
SoFi Technologies
SOFI
$23.7B
$27.3M 0.14%
1,500,000
– –
CVS icon
131
CVS Health
CVS
$122B
$27.1M 0.14%
393,177
-16,400
-4% -$1.08M
MO icon
132
Altria Group
MO
$114B
$26.9M 0.14%
458,042
-1,700
-0.4% -$99.8K
PLD icon
133
Prologis
PLD
$133B
$26.5M 0.14%
252,267
+800
+0.3% +$83.9K
FISV
134
Fiserv Inc
FISV
$27.9B
$26M 0.13%
150,734
-3,600
-2% -$653K
WELL icon
135
Welltower
WELL
$171B
$26M 0.13%
168,909
+3,600
+2% +$538K
ELV icon
136
Elevance Health
ELV
$85.5B
$25.8M 0.13%
66,351
-3,200
-5% -$1.29M
DUK icon
137
Duke Energy
DUK
$97.3B
$24.9M 0.13%
211,336
+800
+0.4% +$94.4K
KKR icon
138
KKR & Co
KKR
$92.3B
$24.5M 0.13%
184,100
+1,000
+0.5% +$117K
CMG icon
139
Chipotle Mexican Grill
CMG
$41.5B
$24.4M 0.13%
435,300
+7,700
+2% +$392K
CDNS icon
140
Cadence Design Systems
CDNS
$93.4B
$24.3M 0.13%
78,823
-500
-0.6% -$145K
PH icon
141
Parker-Hannifin
PH
$135B
$24.2M 0.13%
34,696
-200
-0.6% -$126K
MMM icon
142
3M
MMM
$94.3B
$23.9M 0.12%
157,005
-800
-0.5% -$114K
MDLZ icon
143
Mondelez International
MDLZ
$79.9B
$23.7M 0.12%
352,070
+1,200
+0.3% +$80.1K
DASH icon
144
DoorDash
DASH
$93.7B
$23M 0.12%
93,200
+1,200
+1% +$241K
WM icon
145
Waste Management
WM
$91B
$22.8M 0.12%
99,588
+500
+0.5% +$116K
MCO icon
146
Moody's
MCO
$82.7B
$22.4M 0.12%
44,706
+100
+0.2% +$46.3K
SHW icon
147
Sherwin-Williams
SHW
$89.8B
$22.4M 0.12%
65,256
-400
-0.6% -$139K
CTAS icon
148
Cintas
CTAS
$81.3B
$22.4M 0.12%
100,372
+900
+0.9% +$194K
AJG icon
149
Arthur J. Gallagher & Co
AJG
$63.6B
$22.3M 0.12%
69,587
+600
+0.9% +$198K
IDXX icon
150
Idexx Laboratories
IDXX
$46.2B
$21.9M 0.11%
40,755
-200
-0.5% -$95.6K
4 5
6
7 8

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.