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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
+6.54%
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
$20.2B
AUM Growth
+$708M
Cap. Flow
-$325M
Cap. Flow %
-1.61%
Top 10 Hldgs %
37.4%
Holding
964
New
14
Increased
120
Reduced
748
Closed
14

Top Buys

Rank Stock Value
1
CVS icon
CVS Health
CVS
+$71.4M
2
AAPL icon
Apple
AAPL
+$43.1M
3
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$39M
4
BURL icon
Burlington
BURL
+$28.1M
5
GOOG icon
Alphabet (Google) Class C
GOOG
+$22.1M

Top Sells

Rank Stock Value
1
BMY icon
Bristol-Myers Squibb
BMY
+$190M
2
NEE icon
NextEra Energy
NEE
+$109M
3
AGG icon
iShares Core US Aggregate Bond ETF
AGG
+$99.8M
4
CRWD icon
CrowdStrike
CRWD
+$66.3M
5
VZ icon
Verizon
VZ
+$42M

Sector Composition

Rank Sector Weight
1 Technology 27.25%
2 Healthcare 10.14%
3 Financials 9.55%
4 Communication Services 9.49%
5 Consumer Discretionary 8.85%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
VLO icon
226
Valero Energy
VLO
$90.5B
$13.5M 0.07%
99,662
-2,300
-2% -$334K
LHX icon
227
L3Harris
LHX
$54.1B
$13.4M 0.07%
56,530
-300
-0.5% -$69.3K
FTNT icon
228
Fortinet
FTNT
$121B
$13.4M 0.07%
172,870
-800
-0.5% -$54.7K
CMI icon
229
Cummins
CMI
$87.9B
$13.3M 0.07%
41,037
-100
-0.2% -$29.6K
AMP icon
230
Ameriprise Financial
AMP
$49.3B
$13.2M 0.07%
28,178
-400
-1% -$174K
KMB icon
231
Kimberly-Clark
KMB
$36B
$13M 0.06%
91,716
-500
-0.5% -$70.9K
FICO icon
232
Fair Isaac
FICO
$22.7B
$13M 0.06%
6,700
-100
-1% -$171K
MPWR icon
233
Monolithic Power Systems
MPWR
$68.7B
$13M 0.06%
14,070
-100
-0.7% -$86.3K
HIMS icon
234
Hims & Hers Health
HIMS
$7.36B
$12.9M 0.06%
700,000
+200,000
+40% +$3.58M
CTSH icon
235
Cognizant
CTSH
$26.3B
$12.9M 0.06%
167,023
-1,200
-0.7% -$89.4K
PAYX icon
236
Paychex
PAYX
$42.9B
$12.9M 0.06%
95,777
-400
-0.4% -$50.8K
PCG icon
237
PG&E
PCG
$37.8B
$12.8M 0.06%
648,960
-3,200
-0.5% -$59.9K
SHOP icon
238
Shopify
SHOP
$200B
$12.8M 0.06%
160,000
– –
PRU icon
239
Prudential Financial
PRU
$41.9B
$12.7M 0.06%
105,255
-1,100
-1% -$130K
CNC icon
240
Centene
CNC
$32.8B
$12.4M 0.06%
165,327
-2,900
-2% -$213K
FIS icon
241
Fidelity National Information Services
FIS
$21.9B
$12.4M 0.06%
148,603
-3,700
-2% -$292K
A icon
242
Agilent Technologies
A
$41.9B
$12.4M 0.06%
83,381
-800
-1% -$110K
HPQ icon
243
HP
HPQ
$27.6B
$12.2M 0.06%
339,262
+30,200
+10% +$1.06M
ACGL icon
244
Arch Capital
ACGL
$33.3B
$12.1M 0.06%
108,300
-400
-0.4% -$41.6K
KVUE icon
245
Kenvue
KVUE
$36.6B
$12.1M 0.06%
521,539
-2,900
-0.6% -$60.1K
FAST icon
246
Fastenal
FAST
$59.6B
$12M 0.06%
337,156
-1,600
-0.5% -$54.2K
PWR icon
247
Quanta Services
PWR
$100B
$12M 0.06%
40,148
+100
+0.2% +$26.4K
VST icon
248
Vistra
VST
$48.5B
$11.9M 0.06%
100,600
+4,200
+4% +$356K
GLW icon
249
Corning
GLW
$139B
$11.9M 0.06%
262,659
-1,400
-0.5% -$58.9K
SOFI icon
250
SoFi Technologies
SOFI
$23.6B
$11.8M 0.06%
1,500,000
– –
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
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
CHP
Castle Hook Partners New York $23.4B AUM 158.96% 1-Year Est. Return

State of Michigan Retirement System's Q3 2024 Portfolio in Review

As of Q3 2024, State of Michigan Retirement System held 964 positions worth $20.2B, up 3.6% from $19.5B the previous quarter. Its ten largest holdings account for 37% of the portfolio.

Trading was light in Q3 2024: portfolio turnover was 2.9%. State of Michigan Retirement System opened 14 new positions and exited 14, leaving the 964-position portfolio largely intact.

By sector, the portfolio is most concentrated in Technology at 27% of assets, down from 28% a quarter earlier, followed by Healthcare and Financials.

  • State of Michigan Retirement System's largest Q3 2024 buy was Grayscale Ethereum Staking ETF Shares: 460,000 shares worth $10.1M.
  • State of Michigan Retirement System added most to CVS Health in Q3 2024, an estimated $71.4M increase.
  • State of Michigan Retirement System's biggest Q3 2024 reduction was Bristol-Myers Squibb, cutting an estimated $190M.
  • State of Michigan Retirement System fully exited Novo Nordisk in Q3 2024, selling an estimated $28.5M.
  • State of Michigan Retirement System's ten largest holdings make up 37% of its $20.2B portfolio in Q3 2024.
  • State of Michigan Retirement System opened 14 new positions and closed 14 in Q3 2024.
  • State of Michigan Retirement System's portfolio value rose 3.6% quarter-over-quarter to $20.2B.

Based on State of Michigan Retirement System's 13F filing for Q3 2024, filed 4 Nov 2024.