We are live on ! Find out more
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
MRSH
126
Marsh
MRSH
$91.3B
$28M 0.13%
138,975
-1,000
-0.7% -$206K
CEG icon
127
Constellation Energy
CEG
$98.6B
$27.8M 0.13%
84,467
-800
-0.9% -$258K
CME icon
128
CME Group
CME
$93.2B
$27.8M 0.13%
102,744
-500
-0.5% -$136K
CDNS icon
129
Cadence Design Systems
CDNS
$90.2B
$27.5M 0.13%
78,323
-500
-0.6% -$172K
OSCR icon
130
Oscar Health
OSCR
$8.63B
$27.4M 0.13%
+1,450,000
New +$23.9M
BMY icon
131
Bristol-Myers Squibb
BMY
$130B
$27.3M 0.13%
605,833
-2,900
-0.5% -$135K
DASH icon
132
DoorDash
DASH
$91.9B
$27.2M 0.13%
100,100
+6,900
+7% +$1.73M
TT icon
133
Trane Technologies
TT
$106B
$27M 0.13%
64,013
-400
-0.6% -$171K
NEM icon
134
Newmont
NEM
$124B
$26.6M 0.13%
315,245
-5,600
-2% -$391K
SOFI icon
135
SoFi Technologies
SOFI
$23.2B
$26.4M 0.13%
1,000,000
-500,000
-33% -$11.9M
PH icon
136
Parker-Hannifin
PH
$134B
$26.2M 0.13%
34,596
-100
-0.3% -$73.8K
DUK icon
137
Duke Energy
DUK
$96.1B
$26M 0.13%
210,336
-1,000
-0.5% -$121K
SBUX icon
138
Starbucks
SBUX
$122B
$26M 0.13%
307,459
-1,500
-0.5% -$134K
AMT icon
139
American Tower
AMT
$79B
$25.9M 0.12%
134,884
-600
-0.4% -$125K
MELI icon
140
Mercado Libre
MELI
$98.4B
$25.7M 0.12%
11,000
– –
GM icon
141
General Motors
GM
$78.4B
$25M 0.12%
409,408
-4,000
-1% -$223K
ORLY icon
142
O'Reilly Automotive
ORLY
$74.9B
$24.7M 0.12%
229,445
-3,000
-1% -$302K
SNPS icon
143
Synopsys
SNPS
$78.7B
$24.7M 0.12%
50,054
+8,027
+19% +$4.54M
KKR icon
144
KKR & Co
KKR
$99.6B
$24.1M 0.12%
185,500
+1,400
+0.8% +$199K
MMM icon
145
3M
MMM
$94.4B
$24M 0.12%
154,705
-2,300
-1% -$355K
GD icon
146
General Dynamics
GD
$106B
$23.3M 0.11%
68,312
-200
-0.3% -$63K
SHW icon
147
Sherwin-Williams
SHW
$88.5B
$22.6M 0.11%
65,356
+100
+0.2% +$35.3K
PNC icon
148
PNC Financial Services
PNC
$101B
$22.3M 0.11%
110,856
-1,000
-0.9% -$198K
NOC icon
149
Northrop Grumman
NOC
$81.8B
$22.2M 0.11%
36,418
-400
-1% -$227K
MSI icon
150
Motorola Solutions
MSI
$77.3B
$22.1M 0.11%
48,408
-300
-0.6% -$135K
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
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.