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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
AXON
251
Axon Enterprise
AXON
$48.5B
$11.7M 0.06%
19,700
+100
+0.5% +$54.4K
CBRE icon
252
CBRE Group
CBRE
$41.9B
$11.7M 0.06%
88,838
+200
+0.2% +$26.2K
NEM icon
253
Newmont
NEM
$122B
$11.5M 0.06%
308,945
-3,500
-1% -$160K
DELL icon
254
Dell
DELL
$302B
$11.3M 0.06%
98,458
+5,800
+6% +$728K
AME icon
255
Ametek
AME
$58B
$11.3M 0.06%
62,753
-300
-0.5% -$54.6K
RSG icon
256
Republic Services
RSG
$65.9B
$11.1M 0.06%
55,287
-300
-0.5% -$62.1K
KVUE icon
257
Kenvue
KVUE
$36.7B
$11.1M 0.06%
520,339
-1,200
-0.2% -$27.2K
DAL icon
258
Delta Air Lines
DAL
$59.3B
$11.1M 0.06%
182,703
-600
-0.3% -$35.4K
BKR icon
259
Baker Hughes
BKR
$63.3B
$11M 0.06%
268,612
-1,900
-0.7% -$76.6K
A icon
260
Agilent Technologies
A
$41.8B
$10.9M 0.06%
80,881
-2,500
-3% -$342K
HPQ icon
261
HP
HPQ
$27.7B
$10.8M 0.06%
331,262
-8,000
-2% -$288K
HPE icon
262
Hewlett Packard
HPE
$73.3B
$10.8M 0.06%
505,181
+2,000
+0.4% +$42.2K
CCI icon
263
Crown Castle
CCI
$31.4B
$10.7M 0.06%
117,952
-400
-0.3% -$41.8K
CTVA icon
264
Corteva
CTVA
$51.4B
$10.6M 0.06%
186,510
-2,000
-1% -$118K
TRGP icon
265
Targa Resources
TRGP
$56.4B
$10.6M 0.05%
59,200
-500
-0.8% -$89.6K
VRSK icon
266
Verisk Analytics
VRSK
$23.8B
$10.6M 0.05%
38,356
-400
-1% -$111K
XEL icon
267
Xcel Energy
XEL
$48B
$10.5M 0.05%
155,894
+4,100
+3% +$275K
MNST icon
268
Monster Beverage
MNST
$89.4B
$10.4M 0.05%
198,016
-4,000
-2% -$212K
EXC icon
269
Exelon
EXC
$46B
$10.3M 0.05%
272,703
+400
+0.1% +$15.5K
SYY icon
270
Sysco
SYY
$40.4B
$10.2M 0.05%
133,317
-600
-0.4% -$45.9K
YUM icon
271
Yum! Brands
YUM
$40B
$10.2M 0.05%
75,714
-900
-1% -$122K
IT icon
272
Gartner
IT
$12B
$10.1M 0.05%
20,947
– –
DECK icon
273
Deckers Outdoor
DECK
$13.2B
$10.1M 0.05%
49,700
+600
+1% +$108K
GRMN
274
Garmin
GRMN
$60.1B
$10M 0.05%
48,697
+1,100
+2% +$216K
OTIS icon
275
Otis Worldwide
OTIS
$27.7B
$10M 0.05%
108,407
-700
-0.6% -$70.2K
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
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 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.