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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
DOW icon
251
Dow Inc
DOW
$21.2B
$10.8M 0.06%
204,511
+300
+0.1% +$17.1K
HPQ icon
252
HP
HPQ
$27.5B
$10.8M 0.06%
309,062
+4,800
+2% +$152K
HPE icon
253
Hewlett Packard
HPE
$70.5B
$10.7M 0.06%
505,281
+9,700
+2% +$179K
OTIS icon
254
Otis Worldwide
OTIS
$28.2B
$10.7M 0.05%
110,707
-400
-0.4% -$38.5K
FAST icon
255
Fastenal
FAST
$59.5B
$10.6M 0.05%
338,756
-156,200
-32% -$5.27M
SHOP icon
256
Shopify
SHOP
$195B
$10.6M 0.05%
160,000
– –
AME icon
257
Ametek
AME
$58.2B
$10.6M 0.05%
63,353
+100
+0.2% +$17.3K
IQV icon
258
IQVIA
IQV
$39.3B
$10.5M 0.05%
49,894
-100
-0.2% -$22.7K
VRSK icon
259
Verisk Analytics
VRSK
$25B
$10.5M 0.05%
39,056
-4,100
-10% -$1M
KMI icon
260
Kinder Morgan
KMI
$68.7B
$10.5M 0.05%
528,845
-1,000
-0.2% -$19.1K
FTNT icon
261
Fortinet
FTNT
$117B
$10.5M 0.05%
173,670
-20,300
-10% -$1.26M
RCL icon
262
Royal Caribbean
RCL
$85.6B
$10.3M 0.05%
64,801
+200
+0.3% +$28.8K
CTVA icon
263
Corteva
CTVA
$51.3B
$10.3M 0.05%
190,910
-1,400
-0.7% -$77.1K
GLW icon
264
Corning
GLW
$143B
$10.3M 0.05%
264,059
+1,600
+0.6% +$55.9K
YUM icon
265
Yum! Brands
YUM
$41.1B
$10.2M 0.05%
77,114
+100
+0.1% +$13.8K
MNST icon
266
Monster Beverage
MNST
$88.5B
$10.2M 0.05%
204,116
-9,100
-4% -$482K
PWR icon
267
Quanta Services
PWR
$101B
$10.2M 0.05%
40,048
+200
+0.5% +$53K
FICO icon
268
Fair Isaac
FICO
$22.5B
$10.1M 0.05%
6,800
– –
HIMS icon
269
Hims & Hers Health
HIMS
$7.31B
$10.1M 0.05%
500,000
+320,000
+178% +$5.32M
IR icon
270
Ingersoll Rand
IR
$33.7B
$10M 0.05%
110,523
-400
-0.4% -$36.8K
SOFI icon
271
SoFi Technologies
SOFI
$23.7B
$9.91M 0.05%
1,500,000
+500,000
+50% +$3.53M
ADM icon
272
Archer Daniels Midland
ADM
$36.9B
$9.84M 0.05%
162,741
-13,800
-8% -$846K
GIS icon
273
General Mills
GIS
$19.7B
$9.78M 0.05%
154,602
-1,000
-0.6% -$68.7K
SYY icon
274
Sysco
SYY
$40.3B
$9.74M 0.05%
136,417
– –
EA
275
DELISTED
Electronic Arts
EA
$9.7M 0.05%
69,654
+100
+0.1% +$13.2K
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
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.