We are live on ! Find out more
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
ON icon
276
ON Semiconductor
ON
$31.6B
$9.66M 0.05%
140,936
+1,200
+0.9% +$84.2K
ED icon
277
Consolidated Edison
ED
$39.9B
$9.62M 0.05%
107,542
+4,700
+5% +$436K
BKR icon
278
Baker Hughes
BKR
$61.1B
$9.61M 0.05%
273,312
-900
-0.3% -$29.5K
KDP icon
279
Keurig Dr Pepper
KDP
$40.8B
$9.55M 0.05%
285,900
+500
+0.2% +$16.6K
IT icon
280
Gartner
IT
$11.7B
$9.54M 0.05%
21,247
-100
-0.5% -$44.5K
KVUE icon
281
Kenvue
KVUE
$36.9B
$9.53M 0.05%
524,439
+32,000
+6% +$620K
EXC icon
282
Exelon
EXC
$47B
$9.48M 0.05%
273,903
+1,200
+0.4% +$44.3K
BIIB icon
283
Biogen
BIIB
$30.7B
$9.25M 0.05%
39,903
+200
+0.5% +$43.5K
DD icon
284
DuPont de Nemours
DD
$19.2B
$9.22M 0.05%
91,214
-2,708
-3% -$265K
NTAP icon
285
NetApp
NTAP
$37.2B
$9.15M 0.05%
71,029
+1,500
+2% +$168K
MLM icon
286
Martin Marietta Materials
MLM
$33B
$9.12M 0.05%
16,837
-100
-0.6% -$58.1K
ROK icon
287
Rockwell Automation
ROK
$49B
$9.12M 0.05%
33,113
+1,700
+5% +$459K
GEHC icon
288
GE HealthCare
GEHC
$32.4B
$9.06M 0.05%
116,253
+300
+0.3% +$24.5K
PHM icon
289
Pultegroup
PHM
$25.3B
$9.06M 0.05%
82,269
-7,000
-8% -$795K
EXR icon
290
Extra Space Storage
EXR
$31.6B
$9.01M 0.05%
57,979
+100
+0.2% +$14.6K
TSCO icon
291
Tractor Supply
TSCO
$18B
$9.01M 0.05%
166,835
-5,500
-3% -$296K
XYL icon
292
Xylem
XYL
$28.1B
$9M 0.05%
66,375
+300
+0.5% +$40.8K
VMC icon
293
Vulcan Materials
VMC
$36.9B
$9M 0.05%
36,176
-200
-0.5% -$51.7K
DFS
294
DELISTED
Discover Financial Services
DFS
$8.97M 0.05%
68,601
+100
+0.1% +$12.5K
CSGP icon
295
CoStar Group
CSGP
$12.3B
$8.96M 0.05%
120,800
+1,300
+1% +$110K
DAL icon
296
Delta Air Lines
DAL
$60.1B
$8.8M 0.05%
185,403
+1,100
+0.6% +$54.7K
KHC icon
297
Kraft Heinz
KHC
$30B
$8.68M 0.04%
269,539
-1,800
-0.7% -$64.1K
ZM icon
298
Zoom
ZM
$30.6B
$8.59M 0.04%
145,066
+26,800
+23% +$1.65M
HIG icon
299
Hartford Financial Services
HIG
$39.3B
$8.57M 0.04%
85,241
-1,400
-2% -$141K
AVB icon
300
AvalonBay Communities
AVB
$26.8B
$8.57M 0.04%
41,411
+300
+0.7% +$58K
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
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.