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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
MRNA icon
276
Moderna
MRNA
$23.9B
$9.68M 0.05%
90,841
– –
HAL icon
277
Halliburton
HAL
$28B
$9.62M 0.05%
243,922
-1,100
-0.4% -$39.4K
ACGL icon
278
Arch Capital
ACGL
$33.5B
$9.4M 0.05%
101,700
-500
-0.5% -$42.3K
CDW icon
279
CDW
CDW
$17.1B
$9.4M 0.05%
36,745
+100
+0.3% +$23.8K
DG icon
280
Dollar General
DG
$27B
$9.39M 0.05%
60,154
+100
+0.2% +$14.2K
PPG icon
281
PPG Industries
PPG
$25.7B
$9.37M 0.05%
64,643
+100
+0.2% +$14.2K
ED icon
282
Consolidated Edison
ED
$39.3B
$9.34M 0.05%
102,842
– –
MPWR icon
283
Monolithic Power Systems
MPWR
$67.9B
$9.33M 0.05%
13,770
– –
EA
284
DELISTED
Electronic Arts
EA
$9.23M 0.05%
69,554
-400
-0.6% -$54.9K
HPQ icon
285
HP
HPQ
$27.3B
$9.19M 0.05%
304,262
+800
+0.3% +$23.5K
BKR icon
286
Baker Hughes
BKR
$63.6B
$9.19M 0.05%
274,212
-1,300
-0.5% -$40.1K
ROK icon
287
Rockwell Automation
ROK
$48.3B
$9.15M 0.05%
31,413
– –
DD icon
288
DuPont de Nemours
DD
$19.1B
$9.04M 0.05%
93,922
+159
+0.2% +$14.1K
EFX icon
289
Equifax
EFX
$21.3B
$9.04M 0.05%
33,778
– –
TSCO icon
290
Tractor Supply
TSCO
$18B
$9.02M 0.05%
172,335
– –
RCL icon
291
Royal Caribbean
RCL
$82.4B
$8.98M 0.05%
64,601
+100
+0.2% +$12.5K
DFS
292
DELISTED
Discover Financial Services
DFS
$8.98M 0.05%
68,501
– –
HIG icon
293
Hartford Financial Services
HIG
$38.7B
$8.93M 0.05%
86,641
-600
-0.7% -$55K
WY icon
294
Weyerhaeuser
WY
$18.2B
$8.84M 0.05%
246,229
+100
+0% +$3.38K
DAL icon
295
Delta Air Lines
DAL
$58.7B
$8.82M 0.05%
184,303
-700
-0.4% -$28.9K
HPE icon
296
Hewlett Packard
HPE
$72.4B
$8.79M 0.05%
495,581
+5,000
+1% +$81.2K
KDP icon
297
Keurig Dr Pepper
KDP
$39.9B
$8.75M 0.05%
285,400
+9,800
+4% +$302K
GLW icon
298
Corning
GLW
$136B
$8.65M 0.05%
262,459
+200
+0.1% +$6.37K
BIIB icon
299
Biogen
BIIB
$30.6B
$8.56M 0.05%
39,703
– –
XYL icon
300
Xylem
XYL
$28.3B
$8.54M 0.05%
66,075
+100
+0.2% +$12.1K
10 11
12
13 14

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.