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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
WM icon
151
Waste Management
WM
$90.7B
$22.1M 0.11%
100,188
+600
+0.6% +$135K
RCL icon
152
Royal Caribbean
RCL
$82.1B
$22.1M 0.11%
68,301
+400
+0.6% +$134K
MDLZ icon
153
Mondelez International
MDLZ
$78.9B
$21.9M 0.11%
349,970
-2,100
-0.6% -$135K
BNY
154
Bank of New York Mellon
BNY
$109B
$21.9M 0.11%
200,555
-3,800
-2% -$388K
BURL icon
155
Burlington
BURL
$22.6B
$21.6M 0.1%
84,900
-105,300
-55% -$28.6M
USB icon
156
US Bancorp
USB
$100B
$21.6M 0.1%
446,882
-2,800
-0.6% -$132K
AJG icon
157
Arthur J. Gallagher & Co
AJG
$65B
$21.5M 0.1%
69,287
-300
-0.4% -$90.4K
HWM icon
158
Howmet Aerospace
HWM
$112B
$21.4M 0.1%
109,045
-700
-0.6% -$128K
ELV icon
159
Elevance Health
ELV
$84.7B
$21.3M 0.1%
65,851
-500
-0.8% -$156K
TEL icon
160
TE Connectivity
TEL
$63.3B
$21.3M 0.1%
96,923
-700
-0.7% -$140K
MCO icon
161
Moody's
MCO
$82.5B
$21.1M 0.1%
44,306
-400
-0.9% -$202K
GLW icon
162
Corning
GLW
$137B
$21M 0.1%
256,159
+1,200
+0.5% +$78.4K
XYZ
163
Block Inc
XYZ
$47.5B
$20.9M 0.1%
289,846
+148,600
+105% +$11.1M
WMB icon
164
Williams Companies
WMB
$88.4B
$20.9M 0.1%
330,221
-1,800
-0.5% -$106K
AON icon
165
Aon
AON
$75.6B
$20.8M 0.1%
58,358
-400
-0.7% -$145K
EQIX icon
166
Equinix
EQIX
$102B
$20.8M 0.1%
26,517
-100
-0.4% -$78.2K
ITW icon
167
Illinois Tool Works
ITW
$83.5B
$20.7M 0.1%
79,336
-800
-1% -$208K
COIN icon
168
Coinbase
COIN
$39.2B
$20.7M 0.1%
61,200
+3,700
+6% +$1.25M
EW icon
169
Edwards Lifesciences
EW
$54B
$20.6M 0.1%
264,651
-700
-0.3% -$54.7K
CTAS icon
170
Cintas
CTAS
$82.1B
$20.5M 0.1%
99,672
-700
-0.7% -$149K
IDXX icon
171
Idexx Laboratories
IDXX
$46.2B
$20.4M 0.1%
31,955
-8,800
-22% -$5.34M
EMR icon
172
Emerson Electric
EMR
$91.7B
$20M 0.1%
152,220
-700
-0.5% -$95.4K
SPG icon
173
Simon Property Group
SPG
$71B
$19.8M 0.09%
105,249
+4,900
+5% +$846K
MSCI icon
174
MSCI
MSCI
$40.8B
$19.7M 0.09%
34,802
-100
-0.3% -$56.5K
ADSK icon
175
Autodesk
ADSK
$53.1B
$19.7M 0.09%
62,023
-300
-0.5% -$91.4K
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
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.