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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
MCHP icon
251
Microchip Technology
MCHP
$44.2B
$11.7M 0.06%
146,118
-1,900
-1% -$157K
PHM icon
252
Pultegroup
PHM
$24.8B
$11.7M 0.06%
81,169
-1,100
-1% -$140K
KMI icon
253
Kinder Morgan
KMI
$69.9B
$11.6M 0.06%
525,845
-3,000
-0.6% -$63.2K
RCL icon
254
Royal Caribbean
RCL
$82.4B
$11.4M 0.06%
64,501
-300
-0.5% -$48.6K
OTIS icon
255
Otis Worldwide
OTIS
$27.7B
$11.3M 0.06%
109,107
-1,600
-1% -$152K
HDB icon
256
HDFC Bank
HDB
$120B
$11.3M 0.06%
362,000
– –
GIS icon
257
General Mills
GIS
$19.9B
$11.2M 0.06%
151,602
-3,000
-2% -$208K
IQV icon
258
IQVIA
IQV
$39.8B
$11.2M 0.06%
47,194
-2,700
-5% -$637K
RSG icon
259
Republic Services
RSG
$65.7B
$11.2M 0.06%
55,587
-500
-0.9% -$101K
HWM icon
260
Howmet Aerospace
HWM
$113B
$11.1M 0.06%
111,145
+4,900
+5% +$442K
ED icon
261
Consolidated Edison
ED
$39.3B
$11.1M 0.06%
106,942
-600
-0.6% -$59.3K
CTVA icon
262
Corteva
CTVA
$51B
$11.1M 0.06%
188,510
-2,400
-1% -$131K
DOW icon
263
Dow Inc
DOW
$22.1B
$11.1M 0.05%
202,811
-1,700
-0.8% -$89.7K
EXC icon
264
Exelon
EXC
$45.8B
$11M 0.05%
272,303
-1,600
-0.6% -$60.2K
CBRE icon
265
CBRE Group
CBRE
$41.7B
$11M 0.05%
88,638
-500
-0.6% -$54.5K
STZ icon
266
Constellation Brands
STZ
$22.8B
$11M 0.05%
42,658
-1,400
-3% -$347K
DELL icon
267
Dell
DELL
$296B
$11M 0.05%
92,658
+76,179
+462% +$8.87M
AME icon
268
Ametek
AME
$58B
$10.8M 0.05%
63,053
-300
-0.5% -$50.1K
KDP icon
269
Keurig Dr Pepper
KDP
$39.9B
$10.8M 0.05%
288,100
+2,200
+0.8% +$77.3K
IR icon
270
Ingersoll Rand
IR
$33.6B
$10.8M 0.05%
109,923
-600
-0.5% -$55.8K
NUE icon
271
Nucor
NUE
$62.5B
$10.8M 0.05%
71,610
-1,000
-1% -$150K
YUM icon
272
Yum! Brands
YUM
$39.7B
$10.7M 0.05%
76,614
-500
-0.6% -$66.5K
IT icon
273
Gartner
IT
$12.2B
$10.6M 0.05%
20,947
-300
-1% -$144K
MNST icon
274
Monster Beverage
MNST
$89.6B
$10.5M 0.05%
202,016
-2,100
-1% -$104K
SYY icon
275
Sysco
SYY
$40.1B
$10.5M 0.05%
133,917
-2,500
-2% -$188K
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 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.