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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
EXR icon
301
Extra Space Storage
EXR
$31B
$8.51M 0.05%
57,879
– –
FICO icon
302
Fair Isaac
FICO
$22.7B
$8.5M 0.05%
6,800
– –
NVR icon
303
NVR
NVR
$16.8B
$8.47M 0.05%
1,046
– –
VICI icon
304
VICI Properties
VICI
$28.7B
$8.45M 0.05%
283,500
+300
+0.1% +$9K
HSY icon
305
Hershey
HSY
$36.7B
$8.43M 0.05%
43,334
– –
BLDR icon
306
Builders FirstSource
BLDR
$7.74B
$8.34M 0.04%
40,000
– –
ULTA icon
307
Ulta Beauty
ULTA
$23.6B
$8.34M 0.04%
15,953
-100
-0.6% -$51.6K
WST icon
308
West Pharmaceutical
WST
$24.8B
$8.33M 0.04%
21,056
– –
ANSS
309
DELISTED
Ansys
ANSS
$8.27M 0.04%
23,811
– –
FTV icon
310
Fortive
FTV
$18.6B
$8.26M 0.04%
127,472
-265
-0.2% -$16.1K
RMD icon
311
ResMed
RMD
$31.9B
$8.26M 0.04%
41,711
– –
XEL icon
312
Xcel Energy
XEL
$48B
$8.13M 0.04%
151,194
+100
+0.1% +$5.71K
SSYS icon
313
Stratasys
SSYS
$769M
$8.1M 0.04%
697,503
– –
TROW icon
314
T. Rowe Price
TROW
$24.3B
$7.96M 0.04%
65,313
+100
+0.2% +$11.2K
CHTR icon
315
Charter Communications
CHTR
$18.3B
$7.88M 0.04%
27,097
-400
-1% -$129K
WAB icon
316
Wabtec
WAB
$49.7B
$7.85M 0.04%
53,916
+100
+0.2% +$13.5K
MTD icon
317
Mettler-Toledo International
MTD
$28.6B
$7.85M 0.04%
5,896
– –
KEYS icon
318
Keysight
KEYS
$57.3B
$7.82M 0.04%
50,031
-800
-2% -$123K
DECK icon
319
Deckers Outdoor
DECK
$13.3B
$7.81M 0.04%
49,800
+4,704
+10% +$652K
ZM icon
320
Zoom
ZM
$31.4B
$7.73M 0.04%
118,266
– –
LYB icon
321
LyondellBasell Industries
LYB
$20.2B
$7.73M 0.04%
75,565
– –
WTW icon
322
Willis Towers Watson
WTW
$31.9B
$7.73M 0.04%
28,092
-200
-0.7% -$52.6K
AVB icon
323
AvalonBay Communities
AVB
$26.3B
$7.63M 0.04%
41,111
– –
ZBH icon
324
Zimmer Biomet
ZBH
$18.7B
$7.55M 0.04%
57,215
– –
DLTR icon
325
Dollar Tree
DLTR
$24.9B
$7.55M 0.04%
56,669
-600
-1% -$82.6K
11 12
13
14 15

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.