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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
CNC icon
276
Centene
CNC
$32.8B
$9.99M 0.05%
164,927
-400
-0.2% -$24.9K
HES
277
DELISTED
Hess
HES
$9.98M 0.05%
75,041
-200
-0.3% -$27.9K
ACGL icon
278
Arch Capital
ACGL
$33.3B
$9.95M 0.05%
107,700
-600
-0.6% -$60.6K
IR icon
279
Ingersoll Rand
IR
$33.6B
$9.9M 0.05%
109,423
-500
-0.5% -$49.8K
EA
280
DELISTED
Electronic Arts
EA
$9.87M 0.05%
67,454
-1,000
-1% -$154K
KDP icon
281
Keurig Dr Pepper
KDP
$40B
$9.82M 0.05%
305,600
+17,500
+6% +$592K
BIIB icon
282
Biogen
BIIB
$30.6B
$9.71M 0.05%
63,503
+23,800
+60% +$4.01M
KHC icon
283
Kraft Heinz
KHC
$29.4B
$9.65M 0.05%
314,139
+20,400
+7% +$669K
GIS icon
284
General Mills
GIS
$19.8B
$9.61M 0.05%
150,702
-900
-0.6% -$60.4K
FANG icon
285
Diamondback Energy
FANG
$55.5B
$9.48M 0.05%
57,863
-700
-1% -$123K
RMD icon
286
ResMed
RMD
$31.9B
$9.45M 0.05%
41,311
-500
-1% -$120K
WAB icon
287
Wabtec
WAB
$49.3B
$9.44M 0.05%
49,816
-1,600
-3% -$310K
BROS icon
288
Dutch Bros
BROS
$8.97B
$9.43M 0.05%
180,000
– –
GPN icon
289
Global Payments
GPN
$22.8B
$9.41M 0.05%
83,978
+500
+0.6% +$54.7K
STZ icon
290
Constellation Brands
STZ
$22.8B
$9.36M 0.05%
42,358
-300
-0.7% -$71.3K
ARKB icon
291
ARK 21Shares Bitcoin ETF
ARKB
$2.43B
$9.33M 0.05%
300,000
-30,000
-9% -$829K
ED icon
292
Consolidated Edison
ED
$39.4B
$9.29M 0.05%
104,142
-2,800
-3% -$276K
VMC icon
293
Vulcan Materials
VMC
$36.7B
$9.23M 0.05%
35,876
-100
-0.3% -$26.9K
IQV icon
294
IQVIA
IQV
$39.9B
$9.2M 0.05%
46,794
-400
-0.8% -$84.4K
AVB icon
295
AvalonBay Communities
AVB
$26.2B
$9.13M 0.05%
41,511
+300
+0.7% +$67.7K
OXY icon
296
Occidental Petroleum
OXY
$58.5B
$9.06M 0.05%
183,339
– –
HIG icon
297
Hartford Financial Services
HIG
$38.8B
$9.05M 0.05%
82,741
-1,300
-2% -$151K
MTB icon
298
M&T Bank
MTB
$36.2B
$8.99M 0.05%
47,801
-1,000
-2% -$199K
CHTR icon
299
Charter Communications
CHTR
$18.2B
$8.98M 0.05%
26,197
-200
-0.8% -$72.3K
PHM icon
300
Pultegroup
PHM
$24.6B
$8.85M 0.05%
81,269
+100
+0.1% +$13K
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
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.