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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
HUM icon
276
Humana
HUM
$46.3B
$10.4M 0.05%
32,825
-200
-0.6% -$71.2K
EXR icon
277
Extra Space Storage
EXR
$31B
$10.4M 0.05%
57,679
-300
-0.5% -$50.6K
VRSK icon
278
Verisk Analytics
VRSK
$23.6B
$10.4M 0.05%
38,756
-300
-0.8% -$81.2K
KHC icon
279
Kraft Heinz
KHC
$29.6B
$10.3M 0.05%
293,739
+24,200
+9% +$833K
HPE icon
280
Hewlett Packard
HPE
$72.4B
$10.3M 0.05%
503,181
-2,100
-0.4% -$40.1K
HES
281
DELISTED
Hess
HES
$10.2M 0.05%
75,241
-500
-0.7% -$69.6K
RMD icon
282
ResMed
RMD
$31.9B
$10.2M 0.05%
41,811
-200
-0.5% -$44.7K
ON icon
283
ON Semiconductor
ON
$31.1B
$10.2M 0.05%
139,836
-1,100
-0.8% -$80.1K
DD icon
284
DuPont de Nemours
DD
$19.1B
$10.1M 0.05%
90,576
-638
-0.7% -$65K
ZM icon
285
Zoom
ZM
$31.4B
$10.1M 0.05%
145,066
– –
FANG icon
286
Diamondback Energy
FANG
$55.7B
$10.1M 0.05%
58,563
+2,100
+4% +$404K
ETHE
287
Grayscale Ethereum Staking ETF Shares
ETHE
$1.52B
$10.1M 0.05%
+460,000
New +$10.3M
XEL icon
288
Xcel Energy
XEL
$48B
$9.91M 0.05%
151,794
-400
-0.3% -$23.7K
EFX icon
289
Equifax
EFX
$21.3B
$9.9M 0.05%
33,678
-200
-0.6% -$56.4K
HIG icon
290
Hartford Financial Services
HIG
$38.7B
$9.88M 0.05%
84,041
-1,200
-1% -$132K
LULU icon
291
lululemon athletica
LULU
$14.5B
$9.88M 0.05%
36,408
-100
-0.3% -$26.5K
EA
292
DELISTED
Electronic Arts
EA
$9.82M 0.05%
68,454
-1,200
-2% -$174K
BKR icon
293
Baker Hughes
BKR
$63.6B
$9.78M 0.05%
270,512
-2,800
-1% -$98.4K
TSCO icon
294
Tractor Supply
TSCO
$18B
$9.68M 0.05%
166,335
-500
-0.3% -$26.9K
DFS
295
DELISTED
Discover Financial Services
DFS
$9.6M 0.05%
68,401
-200
-0.3% -$26.9K
VICI icon
296
VICI Properties
VICI
$28.7B
$9.5M 0.05%
285,200
-500
-0.2% -$15.8K
IRM icon
297
Iron Mountain
IRM
$36.2B
$9.49M 0.05%
79,846
-400
-0.5% -$42.8K
OXY icon
298
Occidental Petroleum
OXY
$58.6B
$9.45M 0.05%
183,339
+1,200
+0.7% +$68.5K
ADM icon
299
Archer Daniels Midland
ADM
$38.8B
$9.41M 0.05%
157,541
-5,200
-3% -$317K
WAB icon
300
Wabtec
WAB
$49.7B
$9.35M 0.05%
51,416
-600
-1% -$98.4K
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 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.