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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
+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
SBAC icon
351
SBA Communications
SBAC
$19.2B
$6.4M 0.03%
29,542
– –
ALGN icon
352
Align Technology
ALGN
$12.5B
$6.39M 0.03%
19,500
– –
DTE icon
353
DTE Energy
DTE
$28.5B
$6.34M 0.03%
56,577
+100
+0.2% +$10.8K
EQR icon
354
Equity Residential
EQR
$24.7B
$6.29M 0.03%
99,625
-100
-0.1% -$6.09K
PPL
355
PPL Corp
PPL
$26.3B
$6.2M 0.03%
225,248
+200
+0.1% +$5.32K
PTC icon
356
PTC
PTC
$16.4B
$6.19M 0.03%
32,754
+200
+0.6% +$36K
ETR icon
357
Entergy
ETR
$49.3B
$6.12M 0.03%
115,804
– –
ES icon
358
Eversource Energy
ES
$26.8B
$6.1M 0.03%
102,133
+100
+0.1% +$5.75K
CPAY icon
359
Corpay
CPAY
$26.2B
$6.1M 0.03%
19,784
– –
HUBB icon
360
Hubbell
HUBB
$26.7B
$6.1M 0.03%
14,700
– –
APTV icon
361
Aptiv
APTV
$10.3B
$6.09M 0.03%
76,449
-1,000
-1% -$80.6K
STE icon
362
Steris
STE
$23.3B
$6.08M 0.03%
27,048
– –
WDC icon
363
Western Digital
WDC
$151B
$6.06M 0.03%
117,558
+132
+0.1% +$5.78K
AXON
364
Axon Enterprise
AXON
$48.4B
$6.04M 0.03%
19,300
– –
IFF icon
365
International Flavors & Fragrances
IFF
$21.7B
$6.01M 0.03%
69,915
– –
BBY icon
366
Best Buy
BBY
$17.4B
$5.99M 0.03%
73,003
-500
-0.7% -$38K
ILMN icon
367
Illumina
ILMN
$29B
$5.98M 0.03%
44,749
+103
+0.2% +$13.8K
SWKS icon
368
Skyworks Solutions
SWKS
$10.4B
$5.98M 0.03%
55,183
+300
+0.5% +$31.5K
GPC icon
369
Genuine Parts
GPC
$18.5B
$5.95M 0.03%
38,429
– –
BAX icon
370
Baxter International
BAX
$14.4B
$5.95M 0.03%
139,128
+200
+0.1% +$8.13K
BROS icon
371
Dutch Bros
BROS
$8.96B
$5.94M 0.03%
180,000
– –
EXPE icon
372
Expedia Group
EXPE
$37.7B
$5.84M 0.03%
42,364
-75,600
-64% -$10.7M
BALL icon
373
Ball Corp
BALL
$16.6B
$5.82M 0.03%
86,401
+100
+0.1% +$6.08K
WAT icon
374
Waters Corp
WAT
$40.4B
$5.82M 0.03%
16,897
– –
HBAN icon
375
Huntington Bancshares
HBAN
$35.6B
$5.8M 0.03%
416,050
+400
+0.1% +$5.18K
13 14
15
16 17

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.