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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
+3.97%
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
$19.2B
AUM Growth
-$930M
Cap. Flow
-$1.27B
Cap. Flow %
-6.6%
Top 10 Hldgs %
36.92%
Holding
967
New
17
Increased
176
Reduced
601
Closed
16

Top Buys

Rank Stock Value
1
CI icon
Cigna
CI
+$47.8M
2
HUBS icon
HubSpot
HUBS
+$32M
3
XYZ
Block Inc
XYZ
+$24.7M
4
AMZN icon
Amazon
AMZN
+$20.7M
5
CVS icon
CVS Health
CVS
+$19.9M

Top Sells

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$594M
2
AGG icon
iShares Core US Aggregate Bond ETF
AGG
+$419M
3
T icon
AT&T
T
+$261M
4
MSFT icon
Microsoft
MSFT
+$42.8M
5
NVDA icon
NVIDIA
NVDA
+$35.2M

Sector Composition

Rank Sector Weight
1 Technology 29.57%
2 Financials 10.76%
3 Consumer Discretionary 10.46%
4 Healthcare 9.52%
5 Communication Services 9.33%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AEP icon
226
American Electric Power
AEP
$67.3B
$13.3M 0.07%
144,558
-400
-0.3% -$38.7K
AIG icon
227
American International
AIG
$41B
$13.3M 0.07%
182,267
-7,800
-4% -$586K
PAYX icon
228
Paychex
PAYX
$42.7B
$13.2M 0.07%
94,377
-1,400
-1% -$199K
FICO icon
229
Fair Isaac
FICO
$22.7B
$13.1M 0.07%
6,600
-100
-1% -$214K
D icon
230
Dominion Energy
D
$59.2B
$13.1M 0.07%
242,967
-3,800
-2% -$217K
PCG icon
231
PG&E
PCG
$38.1B
$13M 0.07%
643,960
-5,000
-0.8% -$102K
ETHE
232
Grayscale Ethereum Staking ETF Shares
ETHE
$1.53B
$12.9M 0.07%
460,000
– –
CTSH icon
233
Cognizant
CTSH
$25.9B
$12.8M 0.07%
166,423
-600
-0.4% -$47K
PSX icon
234
Phillips 66
PSX
$84B
$12.8M 0.07%
112,112
-1,900
-2% -$242K
O icon
235
Realty Income
O
$58.3B
$12.7M 0.07%
237,548
+400
+0.2% +$23.3K
PWR icon
236
Quanta Services
PWR
$100B
$12.7M 0.07%
40,048
-100
-0.2% -$32.2K
PEG icon
237
Public Service Enterprise Group
PEG
$37.3B
$12.5M 0.07%
147,966
-7,000
-5% -$620K
PRU icon
238
Prudential Financial
PRU
$42B
$12.5M 0.06%
105,055
-200
-0.2% -$24.7K
MPC icon
239
Marathon Petroleum
MPC
$87.2B
$12.2M 0.06%
87,210
-3,900
-4% -$595K
GLW icon
240
Corning
GLW
$140B
$12.2M 0.06%
255,959
-6,700
-3% -$317K
HDB icon
241
HDFC Bank
HDB
$121B
$12.1M 0.06%
380,000
+18,000
+5% +$576K
LEN icon
242
Lennar Class A
LEN
$20.6B
$12.1M 0.06%
91,849
– –
ZM icon
243
Zoom
ZM
$31B
$12.1M 0.06%
147,966
+2,900
+2% +$228K
HWM icon
244
Howmet Aerospace
HWM
$114B
$12.1M 0.06%
110,245
-900
-0.8% -$98.6K
FAST icon
245
Fastenal
FAST
$59.6B
$12M 0.06%
332,756
-4,400
-1% -$172K
VLO icon
246
Valero Energy
VLO
$89B
$11.9M 0.06%
97,462
-2,200
-2% -$294K
KMB icon
247
Kimberly-Clark
KMB
$36.1B
$11.9M 0.06%
90,516
-1,200
-1% -$164K
FIS icon
248
Fidelity National Information Services
FIS
$21.9B
$11.8M 0.06%
146,103
-2,500
-2% -$215K
DFS
249
DELISTED
Discover Financial Services
DFS
$11.8M 0.06%
68,101
-300
-0.4% -$49.2K
LHX icon
250
L3Harris
LHX
$54.6B
$11.8M 0.06%
55,930
-600
-1% -$144K
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 Q4 2024 Portfolio in Review

As of Q4 2024, State of Michigan Retirement System held 967 positions worth $19.2B, down 4.6% from $20.2B the previous quarter. Its ten largest holdings account for 37% of the portfolio.

State of Michigan Retirement System withdrew a net $1.27B in Q4 2024, closing 16 positions and reducing 601 holdings. Its most notable exit was iShares Core US Aggregate Bond ETF, an estimated $419M position sold in full.

By sector, the portfolio is most concentrated in Technology at 30% of assets, up from 27% a quarter earlier, followed by Financials and Consumer Discretionary.

Against the trend, State of Michigan Retirement System opened a new position in Apollo Global Management worth $20M.

  • State of Michigan Retirement System's largest Q4 2024 buy was Apollo Global Management: 121,300 shares worth $20M.
  • State of Michigan Retirement System added most to Cigna in Q4 2024, an estimated $47.8M increase.
  • State of Michigan Retirement System's biggest Q4 2024 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $594M.
  • State of Michigan Retirement System fully exited iShares Core US Aggregate Bond ETF in Q4 2024, selling an estimated $419M.
  • State of Michigan Retirement System's ten largest holdings make up 37% of its $19.2B portfolio in Q4 2024.
  • State of Michigan Retirement System opened 17 new positions and closed 16 in Q4 2024.
  • State of Michigan Retirement System's portfolio value fell 4.6% quarter-over-quarter to $19.2B.

Based on State of Michigan Retirement System's 13F filing for Q4 2024, filed 6 Feb 2025.