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
+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
BROS icon
326
Dutch Bros
BROS
$9.26B
$7.45M 0.04%
180,000
– –
EBAY icon
327
eBay
EBAY
$49.8B
$7.44M 0.04%
138,528
-3,700
-3% -$193K
MTB icon
328
M&T Bank
MTB
$36.2B
$7.42M 0.04%
49,001
+100
+0.2% +$14.6K
WTW icon
329
Willis Towers Watson
WTW
$32B
$7.34M 0.04%
27,992
-100
-0.4% -$25.8K
LYB icon
330
LyondellBasell Industries
LYB
$19.2B
$7.31M 0.04%
76,365
+800
+1% +$79.4K
FITB
331
Fifth Third Bancorp
FITB
$51.8B
$7.2M 0.04%
197,316
-1,900
-1% -$69.4K
IRM icon
332
Iron Mountain
IRM
$36.1B
$7.19M 0.04%
80,246
+200
+0.2% +$16.2K
NVR icon
333
NVR
NVR
$17B
$7.18M 0.04%
946
-100
-10% -$765K
FTV icon
334
Fortive
FTV
$18.6B
$7.14M 0.04%
127,870
+398
+0.3% +$23.1K
EQR icon
335
Equity Residential
EQR
$25.1B
$6.96M 0.04%
100,425
+800
+0.8% +$52.1K
CHD icon
336
Church & Dwight Co
CHD
$24.5B
$6.94M 0.04%
66,951
-600
-0.9% -$63.5K
WST icon
337
West Pharmaceutical
WST
$24.9B
$6.9M 0.04%
20,956
-100
-0.5% -$35.3K
AWK icon
338
American Water Works
AWK
$26.9B
$6.9M 0.04%
53,397
– –
KEYS icon
339
Keysight
KEYS
$58.3B
$6.88M 0.04%
50,331
+300
+0.6% +$43.8K
SSYS icon
340
Stratasys
SSYS
$774M
$6.86M 0.04%
817,503
+120,000
+17% +$1.14M
WY icon
341
Weyerhaeuser
WY
$18.4B
$6.8M 0.03%
239,429
-6,800
-3% -$210K
EL icon
342
Estee Lauder
EL
$32B
$6.79M 0.03%
63,838
– –
DOV icon
343
Dover
DOV
$28.4B
$6.79M 0.03%
37,623
-700
-2% -$125K
WEC icon
344
WEC Energy
WEC
$35.1B
$6.79M 0.03%
86,484
+100
+0.1% +$8.12K
SLP icon
345
Simulations Plus
SLP
$371M
$6.78M 0.03%
139,500
– –
WDC icon
346
Western Digital
WDC
$150B
$6.78M 0.03%
118,352
+794
+0.7% +$44K
TTWO icon
347
Take-Two Interactive
TTWO
$46.1B
$6.76M 0.03%
43,492
– –
IFF icon
348
International Flavors & Fragrances
IFF
$21.9B
$6.66M 0.03%
69,915
– –
ARKB icon
349
ARK 21Shares Bitcoin ETF
ARKB
$2.48B
$6.6M 0.03%
+330,000
New +$7.21M
STT icon
350
State Street
STT
$50.7B
$6.57M 0.03%
88,728
-200
-0.2% -$14.9K
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
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.