We are live on ! Find out more
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
EBAY icon
326
eBay
EBAY
$47.9B
$7.51M 0.04%
142,228
+100
+0.1% +$4.54K
CTRA
327
DELISTED
Coterra Energy
CTRA
$7.47M 0.04%
267,959
+100
+0% +$2.56K
EIX icon
328
Edison International
EIX
$26.1B
$7.43M 0.04%
105,112
+200
+0.2% +$13.7K
FITB
329
Fifth Third Bancorp
FITB
$51.8B
$7.41M 0.04%
199,216
+200
+0.1% +$6.96K
HWM icon
330
Howmet Aerospace
HWM
$113B
$7.33M 0.04%
107,145
+100
+0.1% +$6.13K
SOFI icon
331
SoFi Technologies
SOFI
$23.4B
$7.3M 0.04%
+1,000,000
New +$7.94M
NTAP icon
332
NetApp
NTAP
$39B
$7.3M 0.04%
69,529
-700
-1% -$64.9K
GRMN
333
Garmin
GRMN
$60.4B
$7.2M 0.04%
48,397
– –
MTB icon
334
M&T Bank
MTB
$36.3B
$7.11M 0.04%
48,901
+100
+0.2% +$13.9K
WEC icon
335
WEC Energy
WEC
$34.6B
$7.09M 0.04%
86,384
– –
STLD icon
336
Steel Dynamics
STLD
$38.5B
$7.08M 0.04%
47,760
+100
+0.2% +$12.6K
EXAS
337
DELISTED
Exact Sciences
EXAS
$7.06M 0.04%
102,204
– –
CHD icon
338
Church & Dwight Co
CHD
$24.5B
$7.05M 0.04%
67,551
+100
+0.1% +$10K
STT icon
339
State Street
STT
$51.3B
$6.88M 0.04%
88,928
-1,800
-2% -$134K
IBB icon
340
iShares Biotechnology ETF
IBB
$9.82B
$6.86M 0.04%
+50,000
New +$6.83M
TRGP icon
341
Targa Resources
TRGP
$57.1B
$6.84M 0.04%
61,100
+100
+0.2% +$9.43K
MOH icon
342
Molina Healthcare
MOH
$10.4B
$6.79M 0.04%
16,532
– –
DOV icon
343
Dover
DOV
$28.3B
$6.79M 0.04%
38,323
– –
WBD icon
344
Warner Bros
WBD
$67.4B
$6.63M 0.04%
758,925
+500
+0.1% +$4.82K
RJF icon
345
Raymond James Financial
RJF
$34.5B
$6.62M 0.04%
51,544
+100
+0.2% +$11.7K
BR icon
346
Broadridge
BR
$19.8B
$6.61M 0.04%
32,260
+100
+0.3% +$20.2K
NDAQ icon
347
Nasdaq
NDAQ
$53.4B
$6.56M 0.04%
103,990
+10,800
+12% +$625K
AWK icon
348
American Water Works
AWK
$26.9B
$6.53M 0.04%
53,397
+100
+0.2% +$12.3K
TTWO icon
349
Take-Two Interactive
TTWO
$47.4B
$6.46M 0.03%
43,492
+200
+0.5% +$31.1K
IRM icon
350
Iron Mountain
IRM
$36.2B
$6.42M 0.03%
80,046
+100
+0.1% +$7.24K
12 13
14
15 16

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.