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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
VLTO icon
326
Veralto
VLTO
$23.7B
$8.08M 0.04%
72,248
+7,100
+11% +$750K
WY icon
327
Weyerhaeuser
WY
$18.2B
$8.05M 0.04%
237,829
-1,600
-0.7% -$49.2K
KEYS icon
328
Keysight
KEYS
$57.3B
$7.95M 0.04%
50,031
-300
-0.6% -$42.7K
AXON
329
Axon Enterprise
AXON
$48.4B
$7.83M 0.04%
19,600
+200
+1% +$68.9K
DECK icon
330
Deckers Outdoor
DECK
$13.3B
$7.83M 0.04%
49,100
-100
-0.2% -$15.3K
AWK icon
331
American Water Works
AWK
$26.9B
$7.76M 0.04%
53,097
-300
-0.6% -$42.5K
STT icon
332
State Street
STT
$51.3B
$7.74M 0.04%
87,528
-1,200
-1% -$98.9K
BIIB icon
333
Biogen
BIIB
$30.6B
$7.7M 0.04%
39,703
-200
-0.5% -$41.8K
ETR icon
334
Entergy
ETR
$49.3B
$7.66M 0.04%
116,404
-600
-0.5% -$35.4K
ANSS
335
DELISTED
Ansys
ANSS
$7.59M 0.04%
23,811
-100
-0.4% -$31.8K
FTV icon
336
Fortive
FTV
$18.6B
$7.53M 0.04%
126,675
-1,195
-0.9% -$65.7K
EQR icon
337
Equity Residential
EQR
$24.7B
$7.37M 0.04%
98,925
-1,500
-1% -$108K
PPL
338
PPL Corp
PPL
$26.3B
$7.36M 0.04%
222,548
-1,200
-0.5% -$36.7K
LYB icon
339
LyondellBasell Industries
LYB
$20.2B
$7.36M 0.04%
76,765
+400
+0.5% +$38.3K
DXCM icon
340
DexCom
DXCM
$33.1B
$7.31M 0.04%
109,100
+200
+0.2% +$16.4K
IFF icon
341
International Flavors & Fragrances
IFF
$21.7B
$7.3M 0.04%
69,615
-300
-0.4% -$29.9K
ATO icon
342
Atmos Energy
ATO
$28.4B
$7.3M 0.04%
52,610
+900
+2% +$116K
BBY icon
343
Best Buy
BBY
$17.4B
$7.26M 0.04%
70,303
+700
+1% +$63.1K
DTE icon
344
DTE Energy
DTE
$28.5B
$7.24M 0.04%
56,377
-300
-0.5% -$36.2K
VTR icon
345
Ventas
VTR
$47.2B
$7.21M 0.04%
112,505
+1,700
+2% +$99.3K
DOV icon
346
Dover
DOV
$28.3B
$7.18M 0.04%
37,423
-200
-0.5% -$36.4K
ES icon
347
Eversource Energy
ES
$26.8B
$7.17M 0.04%
105,333
+900
+0.9% +$58.2K
SBAC icon
348
SBA Communications
SBAC
$19.2B
$7.04M 0.03%
29,242
-200
-0.7% -$44.3K
BLDR icon
349
Builders FirstSource
BLDR
$7.74B
$7.04M 0.03%
36,300
-1,700
-4% -$282K
TROW icon
350
T. Rowe Price
TROW
$24.3B
$7.03M 0.03%
64,513
-500
-0.8% -$54.9K
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
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.