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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
+14.11%
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
$18.6B
AUM Growth
+$1.79B
Cap. Flow
+$12.3M
Cap. Flow %
0.07%
Top 10 Hldgs %
34.69%
Holding
974
New
16
Increased
601
Reduced
158
Closed
19

Top Buys

Rank Stock Value
1
NEE icon
NextEra Energy
NEE
+$132M
2
MBB icon
iShares MBS ETF
MBB
+$94.8M
3
BMY icon
Bristol-Myers Squibb
BMY
+$66.2M
4
SMCI icon
Super Micro Computer
SMCI
+$40.2M
5
MSFT icon
Microsoft
MSFT
+$40.2M

Top Sells

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$117M
2
AGG icon
iShares Core US Aggregate Bond ETF
AGG
+$97M
3
PANW icon
Palo Alto Networks
PANW
+$66.1M
4
APO icon
Apollo Global Management
APO
+$52.8M
5
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$32.1M

Sector Composition

Rank Sector Weight
1 Technology 26.33%
2 Financials 10.76%
3 Communication Services 10.57%
4 Healthcare 9.84%
5 Consumer Discretionary 8.58%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CTVA icon
251
Corteva
CTVA
$51B
$11.1M 0.06%
192,310
-600
-0.3% -$31K
ADM icon
252
Archer Daniels Midland
ADM
$38.8B
$11.1M 0.06%
176,541
+100
+0.1% +$5.87K
SYY icon
253
Sysco
SYY
$40.1B
$11.1M 0.06%
136,417
-1,600
-1% -$126K
OTIS icon
254
Otis Worldwide
OTIS
$27.7B
$11M 0.06%
111,107
-900
-0.8% -$83.2K
GIS icon
255
General Mills
GIS
$19.9B
$10.9M 0.06%
155,602
-3,500
-2% -$228K
PCG icon
256
PG&E
PCG
$37.5B
$10.8M 0.06%
646,260
+500
+0.1% +$8.38K
PHM icon
257
Pultegroup
PHM
$24.8B
$10.8M 0.06%
89,269
-900
-1% -$96.6K
PEG icon
258
Public Service Enterprise Group
PEG
$37.2B
$10.8M 0.06%
161,066
+100
+0.1% +$6.12K
RSG icon
259
Republic Services
RSG
$65.7B
$10.7M 0.06%
55,987
– –
YUM icon
260
Yum! Brands
YUM
$39.7B
$10.7M 0.06%
77,014
+300
+0.4% +$40.1K
KVUE icon
261
Kenvue
KVUE
$36.5B
$10.6M 0.06%
492,439
+400
+0.1% +$8.12K
GEHC icon
262
GE HealthCare
GEHC
$32.9B
$10.5M 0.06%
115,953
+8,800
+8% +$732K
IR icon
263
Ingersoll Rand
IR
$33.6B
$10.5M 0.06%
110,923
+100
+0.1% +$8.55K
MLM icon
264
Martin Marietta Materials
MLM
$33B
$10.4M 0.06%
16,937
– –
PWR icon
265
Quanta Services
PWR
$99.4B
$10.4M 0.06%
39,848
+100
+0.3% +$22.1K
ON icon
266
ON Semiconductor
ON
$31.1B
$10.3M 0.06%
139,736
-800
-0.6% -$61.2K
EXC icon
267
Exelon
EXC
$45.8B
$10.2M 0.06%
272,703
+200
+0.1% +$7.15K
IT icon
268
Gartner
IT
$12.2B
$10.2M 0.05%
21,347
– –
VRSK icon
269
Verisk Analytics
VRSK
$23.6B
$10.2M 0.05%
43,156
+100
+0.2% +$24K
KHC icon
270
Kraft Heinz
KHC
$29.6B
$10M 0.05%
271,339
+100
+0% +$3.63K
CBRE icon
271
CBRE Group
CBRE
$41.7B
$9.94M 0.05%
102,260
-2,000
-2% -$180K
VMC icon
272
Vulcan Materials
VMC
$37B
$9.93M 0.05%
36,376
– –
DVN icon
273
Devon Energy
DVN
$49.9B
$9.91M 0.05%
197,491
+200
+0.1% +$8.88K
EL icon
274
Estee Lauder
EL
$31.5B
$9.84M 0.05%
63,838
+200
+0.3% +$28.4K
KMI icon
275
Kinder Morgan
KMI
$69.9B
$9.72M 0.05%
529,845
+400
+0.1% +$6.99K
9 10
11
12 13

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
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
IC
IEQ Capital Foster City, California $21.5B AUM 75.26% 1-Year Est. Return

State of Michigan Retirement System's Q1 2024 Portfolio in Review

As of Q1 2024, State of Michigan Retirement System held 974 positions worth $18.6B, up 11% from $16.8B the previous quarter. Its ten largest holdings account for 35% of the portfolio.

Trading was light in Q1 2024: portfolio turnover was 3.6%. State of Michigan Retirement System opened 16 new positions and exited 19, leaving the 974-position portfolio largely intact.

By sector, the portfolio is most concentrated in Technology at 26% of assets, up from 25% a quarter earlier, followed by Financials and Communication Services.

  • State of Michigan Retirement System's largest Q1 2024 buy was Arm: 228,200 shares worth $28.5M.
  • State of Michigan Retirement System added most to NextEra Energy in Q1 2024, an estimated $132M increase.
  • State of Michigan Retirement System's biggest Q1 2024 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $117M.
  • State of Michigan Retirement System fully exited iShares Core US Aggregate Bond ETF in Q1 2024, selling an estimated $97M.
  • State of Michigan Retirement System's ten largest holdings make up 35% of its $18.6B portfolio in Q1 2024.
  • State of Michigan Retirement System opened 16 new positions and closed 19 in Q1 2024.
  • State of Michigan Retirement System's portfolio value rose 11% quarter-over-quarter to $18.6B.

Based on State of Michigan Retirement System's 13F filing for Q1 2024, filed 18 Apr 2024.