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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
ECL icon
176
Ecolab
ECL
$79.8B
$19.5M 0.09%
71,340
+400
+0.6% +$109K
JCI icon
177
Johnson Controls International
JCI
$93.7B
$19.5M 0.09%
176,956
-2,000
-1% -$214K
AZO icon
178
AutoZone
AZO
$49.7B
$19.3M 0.09%
4,506
– –
FISV
179
Fiserv Inc
FISV
$28B
$19M 0.09%
147,034
-3,700
-2% -$530K
HCA icon
180
HCA Healthcare
HCA
$89.1B
$18.9M 0.09%
44,309
-2,800
-6% -$1.09M
CSX icon
181
CSX Corp
CSX
$92.5B
$18.8M 0.09%
528,284
-6,600
-1% -$225K
ZTS icon
182
Zoetis
ZTS
$31.1B
$18.4M 0.09%
125,764
-1,200
-0.9% -$181K
DHI icon
183
D.R. Horton
DHI
$42.2B
$18.4M 0.09%
108,499
-200
-0.2% -$31.5K
URI icon
184
United Rentals
URI
$71.2B
$18.4M 0.09%
19,254
-300
-2% -$267K
NXPI icon
185
NXP Semiconductors
NXPI
$59.6B
$18.3M 0.09%
80,268
-500
-0.6% -$112K
NSC icon
186
Norfolk Southern
NSC
$75.2B
$18.2M 0.09%
60,690
-600
-1% -$167K
PYPL icon
187
PayPal
PYPL
$50.5B
$18.2M 0.09%
271,392
-6,100
-2% -$430K
SRE icon
188
Sempra
SRE
$55.9B
$18.1M 0.09%
201,020
-900
-0.4% -$72.9K
F icon
189
Ford
F
$55.7B
$18M 0.09%
1,500,979
-4,800
-0.3% -$55.3K
TRV icon
190
Travelers Companies
TRV
$78.3B
$17.9M 0.09%
63,953
-800
-1% -$214K
EOG icon
191
EOG Resources
EOG
$75.2B
$17.7M 0.09%
158,252
-800
-0.5% -$95.4K
UPS icon
192
United Parcel Service
UPS
$88.8B
$17.7M 0.08%
211,414
-400
-0.2% -$36.2K
CL icon
193
Colgate-Palmolive
CL
$73.6B
$17.5M 0.08%
218,629
-1,700
-0.8% -$145K
CPRT icon
194
Copart
CPRT
$27.2B
$17.4M 0.08%
387,408
+1,600
+0.4% +$75.4K
SHOP icon
195
Shopify
SHOP
$196B
$17.4M 0.08%
117,200
– –
TFC icon
196
Truist Financial
TFC
$63.9B
$17.2M 0.08%
377,143
-7,300
-2% -$329K
CMI icon
197
Cummins
CMI
$87.1B
$17.2M 0.08%
40,637
-200
-0.5% -$76.7K
APD icon
198
Air Products & Chemicals
APD
$68.9B
$16.9M 0.08%
62,121
-300
-0.5% -$86.8K
LHX icon
199
L3Harris
LHX
$53.3B
$16.9M 0.08%
55,430
-200
-0.4% -$54.7K
FTNT icon
200
Fortinet
FTNT
$119B
$16.9M 0.08%
201,170
+3,400
+2% +$303K
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
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.