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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
SNPS icon
151
Synopsys
SNPS
$79.7B
$21.5M 0.11%
42,027
-2,500
-6% -$1.16M
KR icon
152
Kroger
KR
$34.8B
$21.4M 0.11%
298,987
+81,000
+37% +$5.59M
UPS icon
153
United Parcel Service
UPS
$88.9B
$21.4M 0.11%
211,814
+13,400
+7% +$1.32M
RCL icon
154
Royal Caribbean
RCL
$85.6B
$21.3M 0.11%
67,901
+700
+1% +$167K
EQIX icon
155
Equinix
EQIX
$103B
$21.2M 0.11%
26,617
+200
+0.8% +$170K
AON icon
156
Aon
AON
$76B
$21M 0.11%
58,758
+100
+0.2% +$36.2K
ORLY icon
157
O'Reilly Automotive
ORLY
$76.3B
$21M 0.11%
232,445
-1,000
-0.4% -$91.2K
FTNT icon
158
Fortinet
FTNT
$117B
$20.9M 0.11%
197,770
+25,200
+15% +$2.54M
WMB icon
159
Williams Companies
WMB
$86.1B
$20.9M 0.11%
332,021
+1,300
+0.4% +$76.8K
PNC icon
160
PNC Financial Services
PNC
$101B
$20.9M 0.11%
111,856
+4,400
+4% +$745K
EW icon
161
Edwards Lifesciences
EW
$51.7B
$20.8M 0.11%
265,351
-700
-0.3% -$52.2K
ARM icon
162
Arm
ARM
$302B
$20.7M 0.11%
128,200
– –
PYPL icon
163
PayPal
PYPL
$50.5B
$20.6M 0.11%
277,492
+9,100
+3% +$623K
MSI icon
164
Motorola Solutions
MSI
$77.4B
$20.5M 0.11%
48,708
+3,400
+8% +$1.42M
HWM icon
165
Howmet Aerospace
HWM
$112B
$20.4M 0.11%
109,745
-100
-0.1% -$15.4K
EMR icon
166
Emerson Electric
EMR
$88.3B
$20.4M 0.11%
152,920
-100
-0.1% -$11.5K
USB icon
167
US Bancorp
USB
$99.6B
$20.3M 0.11%
449,682
+4,400
+1% +$185K
GM icon
168
General Motors
GM
$76.8B
$20.3M 0.11%
413,408
-2,600
-0.6% -$123K
COIN icon
169
Coinbase
COIN
$40.5B
$20.2M 0.1%
+57,500
New +$13.4M
MSCI icon
170
MSCI
MSCI
$40.9B
$20.1M 0.1%
34,902
-100
-0.3% -$55.3K
CL icon
171
Colgate-Palmolive
CL
$74.4B
$20M 0.1%
220,329
+200
+0.1% +$18.3K
GD icon
172
General Dynamics
GD
$106B
$20M 0.1%
68,512
-300
-0.4% -$82.6K
ITW icon
173
Illinois Tool Works
ITW
$84.5B
$19.8M 0.1%
80,136
+700
+0.9% +$169K
ZTS icon
174
Zoetis
ZTS
$30B
$19.8M 0.1%
126,964
– –
ADSK icon
175
Autodesk
ADSK
$52.6B
$19.3M 0.1%
62,323
+4,000
+7% +$1.13M
5 6
7
8 9

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.