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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
+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
PPG icon
301
PPG Industries
PPG
$26.6B
$8.49M 0.04%
67,443
+2,800
+4% +$371K
VST icon
302
Vistra
VST
$47.4B
$8.29M 0.04%
96,400
+13,900
+17% +$1.16M
HWM icon
303
Howmet Aerospace
HWM
$112B
$8.25M 0.04%
106,245
-900
-0.8% -$68.1K
CDW icon
304
CDW
CDW
$17B
$8.25M 0.04%
36,845
+100
+0.3% +$23.2K
MTD icon
305
Mettler-Toledo International
MTD
$28.6B
$8.24M 0.04%
5,896
– –
WAB icon
306
Wabtec
WAB
$49.3B
$8.22M 0.04%
52,016
-1,900
-4% -$304K
EFX icon
307
Equifax
EFX
$21.4B
$8.21M 0.04%
33,878
+100
+0.3% +$23.9K
DVN icon
308
Devon Energy
DVN
$47.3B
$8.2M 0.04%
173,091
-24,400
-12% -$1.21M
HAL icon
309
Halliburton
HAL
$26.6B
$8.19M 0.04%
242,422
-1,500
-0.6% -$55.4K
VICI icon
310
VICI Properties
VICI
$29.4B
$8.18M 0.04%
285,700
+2,200
+0.8% +$63.2K
GPN icon
311
Global Payments
GPN
$22.8B
$8.13M 0.04%
84,078
-2,300
-3% -$253K
XEL icon
312
Xcel Energy
XEL
$48.8B
$8.13M 0.04%
152,194
+1,000
+0.7% +$54.4K
RMD icon
313
ResMed
RMD
$30.7B
$8.04M 0.04%
42,011
+300
+0.7% +$60.9K
CHTR icon
314
Charter Communications
CHTR
$18.2B
$8.01M 0.04%
26,797
-300
-1% -$81.9K
DG icon
315
Dollar General
DG
$27.9B
$7.95M 0.04%
60,154
– –
CBRE icon
316
CBRE Group
CBRE
$42.9B
$7.94M 0.04%
89,138
-13,122
-13% -$1.16M
DECK icon
317
Deckers Outdoor
DECK
$13.3B
$7.94M 0.04%
49,200
-600
-1% -$92.3K
HSY icon
318
Hershey
HSY
$36.6B
$7.82M 0.04%
42,534
-800
-2% -$155K
TRGP icon
319
Targa Resources
TRGP
$55.1B
$7.82M 0.04%
60,700
-400
-0.7% -$46.8K
GRMN
320
Garmin
GRMN
$60B
$7.8M 0.04%
47,897
-500
-1% -$78.7K
ANSS
321
DELISTED
Ansys
ANSS
$7.69M 0.04%
23,911
+100
+0.4% +$32.8K
FSLR icon
322
First Solar
FSLR
$26.9B
$7.6M 0.04%
33,700
+1,700
+5% +$371K
EIX icon
323
Edison International
EIX
$26.4B
$7.57M 0.04%
105,412
+300
+0.3% +$21.7K
TWST icon
324
Twist Bioscience
TWST
$7.25B
$7.55M 0.04%
153,172
– –
TROW icon
325
T. Rowe Price
TROW
$24.3B
$7.5M 0.04%
65,013
-300
-0.5% -$34.5K
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
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.