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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
WEC icon
326
WEC Energy
WEC
$34.5B
$8.08M 0.04%
85,884
-200
-0.2% -$19.4K
FITB
327
Fifth Third Bancorp
FITB
$51.7B
$8.08M 0.04%
191,016
-3,300
-2% -$148K
EBAY icon
328
eBay
EBAY
$48.1B
$8.06M 0.04%
130,028
-3,100
-2% -$197K
ANSS
329
DELISTED
Ansys
ANSS
$8M 0.04%
23,711
-100
-0.4% -$33.5K
SW
330
Smurfit Westrock
SW
$24.9B
$7.82M 0.04%
145,264
+5,200
+4% +$265K
PPG icon
331
PPG Industries
PPG
$25.7B
$7.79M 0.04%
65,243
-1,300
-2% -$163K
VRT icon
332
Vertiv
VRT
$105B
$7.77M 0.04%
+68,400
New +$8.12M
NVR icon
333
NVR
NVR
$16.8B
$7.74M 0.04%
946
– –
RJF icon
334
Raymond James Financial
RJF
$34.5B
$7.71M 0.04%
49,644
-800
-2% -$121K
XYL icon
335
Xylem
XYL
$28.2B
$7.65M 0.04%
65,975
-200
-0.3% -$25.3K
KEYS icon
336
Keysight
KEYS
$58.3B
$7.57M 0.04%
47,131
-2,900
-6% -$467K
GDDY icon
337
GoDaddy
GDDY
$11.6B
$7.52M 0.04%
38,100
-300
-0.8% -$54.8K
WBD icon
338
Warner Bros
WBD
$67.5B
$7.5M 0.04%
709,725
-69,300
-9% -$644K
EXPE icon
339
Expedia Group
EXPE
$37.2B
$7.37M 0.04%
39,564
-300
-0.8% -$51.7K
SYF icon
340
Synchrony
SYF
$25.4B
$7.35M 0.04%
113,040
-2,700
-2% -$165K
AWK icon
341
American Water Works
AWK
$26.8B
$7.28M 0.04%
58,497
+5,400
+10% +$729K
SSYS icon
342
Stratasys
SSYS
$770M
$7.27M 0.04%
817,503
– –
TROW icon
343
T. Rowe Price
TROW
$24.3B
$7.25M 0.04%
64,113
-400
-0.6% -$46.3K
VLTO icon
344
Veralto
VLTO
$23.7B
$7.21M 0.04%
70,748
-1,500
-2% -$160K
ATO icon
345
Atmos Energy
ATO
$28.3B
$7.2M 0.04%
51,710
-900
-2% -$128K
BR icon
346
Broadridge
BR
$19.8B
$7.18M 0.04%
31,760
– –
EQR icon
347
Equity Residential
EQR
$24.6B
$7.15M 0.04%
99,625
+700
+0.7% +$51.4K
TWST icon
348
Twist Bioscience
TWST
$7.83B
$7.12M 0.04%
153,172
– –
FTV icon
349
Fortive
FTV
$18.6B
$7.06M 0.04%
124,950
-1,725
-1% -$99K
HSY icon
350
Hershey
HSY
$36.5B
$7.05M 0.04%
41,634
-700
-2% -$126K
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
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.