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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
+4.91%
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
$19.5B
AUM Growth
+$856M
Cap. Flow
+$202M
Cap. Flow %
1.04%
Top 10 Hldgs %
37.69%
Holding
972
New
17
Increased
273
Reduced
579
Closed
22

Top Buys

Rank Stock Value
1
AGG icon
iShares Core US Aggregate Bond ETF
AGG
+$496M
2
BMY icon
Bristol-Myers Squibb
BMY
+$127M
3
CVS icon
CVS Health
CVS
+$100M
4
KR icon
Kroger
KR
+$38.3M
5
BURL icon
Burlington
BURL
+$34M

Top Sells

Rank Stock Value
1
VZ icon
Verizon
VZ
+$238M
2
MBB icon
iShares MBS ETF
MBB
+$88M
3
APO icon
Apollo Global Management
APO
+$74.8M
4
OMF icon
OneMain Financial
OMF
+$58M
5
INTU icon
Intuit
INTU
+$56.4M

Sector Composition

Rank Sector Weight
1 Technology 27.97%
2 Healthcare 10.52%
3 Communication Services 9.55%
4 Financials 9.08%
5 Consumer Discretionary 8.43%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
DXCM icon
226
DexCom
DXCM
$32B
$12.3M 0.06%
108,900
+3,300
+3% +$417K
HUM icon
227
Humana
HUM
$46.2B
$12.3M 0.06%
33,025
-500
-1% -$169K
AMP icon
228
Ameriprise Financial
AMP
$48.8B
$12.2M 0.06%
28,578
-900
-3% -$384K
D icon
229
Dominion Energy
D
$59.3B
$12.1M 0.06%
247,867
+4,800
+2% +$245K
GWW icon
230
W.W. Grainger
GWW
$60.2B
$11.9M 0.06%
13,217
-100
-0.8% -$94.1K
HDB icon
231
HDFC Bank
HDB
$121B
$11.6M 0.06%
+362,000
New +$10.6M
MPWR icon
232
Monolithic Power Systems
MPWR
$68.9B
$11.6M 0.06%
14,170
+400
+3% +$289K
CCI icon
233
Crown Castle
CCI
$32.2B
$11.6M 0.06%
118,952
+100
+0.1% +$9.85K
ALL icon
234
Allstate
ALL
$67.5B
$11.5M 0.06%
72,289
+400
+0.6% +$66.7K
OXY icon
235
Occidental Petroleum
OXY
$55.9B
$11.5M 0.06%
182,139
+1,800
+1% +$115K
NUE icon
236
Nucor
NUE
$62.1B
$11.5M 0.06%
72,610
-1,300
-2% -$226K
FIS icon
237
Fidelity National Information Services
FIS
$22.1B
$11.5M 0.06%
152,303
-22,322
-13% -$1.65M
PEG icon
238
Public Service Enterprise Group
PEG
$37.7B
$11.5M 0.06%
155,666
-5,400
-3% -$384K
CTSH icon
239
Cognizant
CTSH
$26B
$11.4M 0.06%
168,223
+2,700
+2% +$183K
PAYX icon
240
Paychex
PAYX
$42.7B
$11.4M 0.06%
96,177
+100
+0.1% +$12.2K
CMI icon
241
Cummins
CMI
$88.7B
$11.4M 0.06%
41,137
+100
+0.2% +$28.6K
PCG icon
242
PG&E
PCG
$38.5B
$11.4M 0.06%
652,160
+5,900
+0.9% +$104K
STZ icon
243
Constellation Brands
STZ
$23.2B
$11.3M 0.06%
44,058
– –
FANG icon
244
Diamondback Energy
FANG
$52.7B
$11.3M 0.06%
56,463
-2,200
-4% -$437K
HES
245
DELISTED
Hess
HES
$11.2M 0.06%
75,741
+300
+0.4% +$46K
CNC icon
246
Centene
CNC
$32.5B
$11.2M 0.06%
168,227
+2,700
+2% +$196K
ACGL icon
247
Arch Capital
ACGL
$33.6B
$11M 0.06%
108,700
+7,000
+7% +$681K
A icon
248
Agilent Technologies
A
$41.2B
$10.9M 0.06%
84,181
+1,000
+1% +$140K
LULU icon
249
lululemon athletica
LULU
$14.6B
$10.9M 0.06%
36,508
-1,200
-3% -$401K
RSG icon
250
Republic Services
RSG
$65.7B
$10.9M 0.06%
56,087
+100
+0.2% +$18.9K
8 9
10
11 12

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 2024 Portfolio in Review

As of Q2 2024, State of Michigan Retirement System held 972 positions worth $19.5B, up 4.6% from $18.6B the previous quarter. Its ten largest holdings account for 38% of the portfolio.

Trading was light in Q2 2024: portfolio turnover was 4%. State of Michigan Retirement System opened 17 new positions and exited 22, leaving the 972-position portfolio largely intact.

By sector, the portfolio is most concentrated in Technology at 28% of assets, up from 26% a quarter earlier, followed by Healthcare and Communication Services.

  • State of Michigan Retirement System's largest Q2 2024 buy was iShares Core US Aggregate Bond ETF: 5,135,000 shares worth $498M.
  • State of Michigan Retirement System added most to Bristol-Myers Squibb in Q2 2024, an estimated $127M increase.
  • State of Michigan Retirement System's biggest Q2 2024 reduction was Verizon, cutting an estimated $238M.
  • State of Michigan Retirement System fully exited Apollo Global Management in Q2 2024, selling an estimated $74.8M.
  • State of Michigan Retirement System's ten largest holdings make up 38% of its $19.5B portfolio in Q2 2024.
  • State of Michigan Retirement System opened 17 new positions and closed 22 in Q2 2024.
  • State of Michigan Retirement System's portfolio value rose 4.6% quarter-over-quarter to $19.5B.

Based on State of Michigan Retirement System's 13F filing for Q2 2024, filed 26 Jul 2024.