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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
DAL icon
301
Delta Air Lines
DAL
$58.7B
$9.31M 0.05%
183,303
-2,100
-1% -$91.5K
AVB icon
302
AvalonBay Communities
AVB
$26.3B
$9.28M 0.05%
41,211
-200
-0.5% -$43.2K
NVR icon
303
NVR
NVR
$16.8B
$9.28M 0.05%
946
– –
EIX icon
304
Edison International
EIX
$26.1B
$9.16M 0.05%
105,212
-200
-0.2% -$16.2K
CSGP icon
305
CoStar Group
CSGP
$12.8B
$9.1M 0.05%
120,600
-200
-0.2% -$15.2K
VMC icon
306
Vulcan Materials
VMC
$37B
$9.01M 0.04%
35,976
-200
-0.6% -$49.7K
MLM icon
307
Martin Marietta Materials
MLM
$33B
$8.95M 0.04%
16,637
-200
-1% -$108K
XYL icon
308
Xylem
XYL
$28.3B
$8.94M 0.04%
66,175
-200
-0.3% -$26.8K
TRGP icon
309
Targa Resources
TRGP
$57.1B
$8.84M 0.04%
59,700
-1,000
-2% -$141K
PPG icon
310
PPG Industries
PPG
$25.7B
$8.81M 0.04%
66,543
-900
-1% -$114K
ROK icon
311
Rockwell Automation
ROK
$48.3B
$8.81M 0.04%
32,813
-300
-0.9% -$79.6K
NTAP icon
312
NetApp
NTAP
$39B
$8.7M 0.04%
70,429
-600
-0.8% -$74.8K
MTB icon
313
M&T Bank
MTB
$36.3B
$8.69M 0.04%
48,801
-200
-0.4% -$33.2K
MTD icon
314
Mettler-Toledo International
MTD
$28.6B
$8.69M 0.04%
5,796
-100
-2% -$140K
EBAY icon
315
eBay
EBAY
$47.9B
$8.67M 0.04%
133,128
-5,400
-4% -$311K
CHTR icon
316
Charter Communications
CHTR
$18.3B
$8.55M 0.04%
26,397
-400
-1% -$135K
GPN icon
317
Global Payments
GPN
$22.8B
$8.55M 0.04%
83,478
-600
-0.7% -$62.3K
FSLR icon
318
First Solar
FSLR
$25.7B
$8.38M 0.04%
33,600
-100
-0.3% -$22.5K
GRMN
319
Garmin
GRMN
$60.4B
$8.38M 0.04%
47,597
-300
-0.6% -$51.8K
FITB
320
Fifth Third Bancorp
FITB
$51.8B
$8.32M 0.04%
194,316
-3,000
-2% -$122K
WEC icon
321
WEC Energy
WEC
$34.6B
$8.28M 0.04%
86,084
-400
-0.5% -$35.4K
NDAQ icon
322
Nasdaq
NDAQ
$53.4B
$8.23M 0.04%
112,690
+8,500
+8% +$580K
CDW icon
323
CDW
CDW
$17.1B
$8.22M 0.04%
36,345
-500
-1% -$111K
WTW icon
324
Willis Towers Watson
WTW
$31.9B
$8.16M 0.04%
27,692
-300
-1% -$83.9K
HSY icon
325
Hershey
HSY
$36.7B
$8.12M 0.04%
42,334
-200
-0.5% -$38.9K
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 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.