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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
ETR icon
301
Entergy
ETR
$49.3B
$8.83M 0.05%
116,404
– –
ROK icon
302
Rockwell Automation
ROK
$48.6B
$8.75M 0.05%
30,613
-2,200
-7% -$619K
ON icon
303
ON Semiconductor
ON
$31.5B
$8.74M 0.05%
138,636
-1,200
-0.9% -$82.7K
NDAQ icon
304
Nasdaq
NDAQ
$53.7B
$8.68M 0.05%
112,290
-400
-0.4% -$30.9K
UAL icon
305
United Airlines
UAL
$40.6B
$8.66M 0.05%
89,228
-300
-0.3% -$25.4K
CSGP icon
306
CoStar Group
CSGP
$12.5B
$8.66M 0.05%
120,900
+300
+0.2% +$22.7K
DD icon
307
DuPont de Nemours
DD
$19.2B
$8.65M 0.04%
90,337
-239
-0.3% -$24.9K
EXR icon
308
Extra Space Storage
EXR
$30.8B
$8.61M 0.04%
57,579
-100
-0.2% -$16.4K
MLM icon
309
Martin Marietta Materials
MLM
$32.7B
$8.59M 0.04%
16,637
– –
EFX icon
310
Equifax
EFX
$21.3B
$8.58M 0.04%
33,678
– –
WTW icon
311
Willis Towers Watson
WTW
$32B
$8.55M 0.04%
27,292
-400
-1% -$123K
ADM icon
312
Archer Daniels Midland
ADM
$38.5B
$8.41M 0.04%
166,441
+8,900
+6% +$482K
EIX icon
313
Edison International
EIX
$26.1B
$8.39M 0.04%
105,112
-100
-0.1% -$8.36K
NUE icon
314
Nucor
NUE
$62.7B
$8.38M 0.04%
71,810
+200
+0.3% +$28.8K
IRM icon
315
Iron Mountain
IRM
$36B
$8.37M 0.04%
79,646
-200
-0.3% -$23.5K
VICI icon
316
VICI Properties
VICI
$28.7B
$8.36M 0.04%
286,100
+900
+0.3% +$28.4K
MCHP icon
317
Microchip Technology
MCHP
$44.3B
$8.36M 0.04%
145,718
-400
-0.3% -$27.5K
STT icon
318
State Street
STT
$51B
$8.36M 0.04%
85,128
-2,400
-3% -$227K
MPWR icon
319
Monolithic Power Systems
MPWR
$68.6B
$8.33M 0.04%
14,070
– –
HUM icon
320
Humana
HUM
$46.5B
$8.3M 0.04%
32,725
-100
-0.3% -$26.8K
EQT icon
321
EQT Corp
EQT
$33.7B
$8.29M 0.04%
179,700
-10,000
-5% -$412K
DXCM icon
322
DexCom
DXCM
$33.1B
$8.24M 0.04%
106,000
-3,100
-3% -$230K
DOW icon
323
Dow Inc
DOW
$21.8B
$8.22M 0.04%
204,711
+1,900
+0.9% +$88.7K
NTAP icon
324
NetApp
NTAP
$39.5B
$8.19M 0.04%
70,529
+100
+0.1% +$12.2K
TTWO icon
325
Take-Two Interactive
TTWO
$47.2B
$8.15M 0.04%
44,292
-100
-0.2% -$17.3K
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
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.