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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
ECL icon
176
Ecolab
ECL
$79.9B
$19.1M 0.1%
70,940
+300
+0.4% +$76.3K
EOG icon
177
EOG Resources
EOG
$70.7B
$19M 0.1%
159,052
+6,500
+4% +$743K
CPRT icon
178
Copart
CPRT
$27.5B
$18.9M 0.1%
385,808
+1,100
+0.3% +$61.6K
JCI icon
179
Johnson Controls International
JCI
$92.2B
$18.9M 0.1%
178,956
-14,086
-7% -$1.3M
NEM icon
180
Newmont
NEM
$119B
$18.7M 0.1%
320,845
+12,000
+4% +$641K
BNY
181
Bank of New York Mellon
BNY
$107B
$18.6M 0.1%
204,355
-1,700
-0.8% -$144K
NOC icon
182
Northrop Grumman
NOC
$81.2B
$18.4M 0.1%
36,818
-100
-0.3% -$49.2K
HCA icon
183
HCA Healthcare
HCA
$89.5B
$18M 0.09%
47,109
-1,400
-3% -$504K
VST icon
184
Vistra
VST
$47.4B
$17.9M 0.09%
92,300
-7,800
-8% -$1.15M
NXPI icon
185
NXP Semiconductors
NXPI
$60.4B
$17.6M 0.09%
80,768
+400
+0.5% +$78.1K
APD icon
186
Air Products & Chemicals
APD
$67.6B
$17.6M 0.09%
62,421
– –
CSX icon
187
CSX Corp
CSX
$93.1B
$17.5M 0.09%
534,884
+11,700
+2% +$352K
APO icon
188
Apollo Global Management
APO
$73.4B
$17.4M 0.09%
122,800
+1,500
+1% +$199K
TRV icon
189
Travelers Companies
TRV
$80.2B
$17.3M 0.09%
64,753
+3,200
+5% +$844K
HLT icon
190
Hilton Worldwide
HLT
$71.5B
$17.2M 0.09%
64,623
-600
-0.9% -$143K
HDB icon
191
HDFC Bank
HDB
$121B
$17.2M 0.09%
448,600
+68,600
+18% +$2.49M
FCX icon
192
Freeport-McMoran
FCX
$97.5B
$16.9M 0.09%
390,533
+700
+0.2% +$26.6K
MAR icon
193
Marriott International
MAR
$92.3B
$16.9M 0.09%
61,836
-200
-0.3% -$50.2K
AZO icon
194
AutoZone
AZO
$51.1B
$16.7M 0.09%
4,506
– –
AXON
195
Axon Enterprise
AXON
$46.4B
$16.6M 0.09%
20,100
+400
+2% +$272K
ROP icon
196
Roper Technologies
ROP
$39.8B
$16.6M 0.09%
29,211
+100
+0.3% +$56.5K
TFC icon
197
Truist Financial
TFC
$64B
$16.5M 0.09%
384,443
+800
+0.2% +$31.3K
TEL icon
198
TE Connectivity
TEL
$62.6B
$16.5M 0.09%
97,623
+700
+0.7% +$106K
F icon
199
Ford
F
$55.7B
$16.3M 0.08%
1,505,779
+51,300
+4% +$522K
SPG icon
200
Simon Property Group
SPG
$72.3B
$16.1M 0.08%
100,349
-4,200
-4% -$664K
6 7
8
9 10

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.