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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
+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
BR icon
351
Broadridge
BR
$19B
$6.37M 0.03%
32,360
+100
+0.3% +$19.8K
TER icon
352
Teradyne
TER
$59.3B
$6.34M 0.03%
42,735
-1,200
-3% -$152K
RJF icon
353
Raymond James Financial
RJF
$34B
$6.31M 0.03%
51,044
-500
-1% -$61.7K
DTE icon
354
DTE Energy
DTE
$29.1B
$6.29M 0.03%
56,677
+100
+0.2% +$11.2K
NDAQ icon
355
Nasdaq
NDAQ
$52.9B
$6.28M 0.03%
104,190
+200
+0.2% +$12.1K
CTRA
356
DELISTED
Coterra Energy
CTRA
$6.26M 0.03%
234,859
-33,100
-12% -$917K
ETR icon
357
Entergy
ETR
$50B
$6.26M 0.03%
117,004
+1,200
+1% +$64.7K
VLTO icon
358
Veralto
VLTO
$24B
$6.22M 0.03%
65,148
+5,100
+8% +$488K
PPL
359
PPL Corp
PPL
$26.7B
$6.19M 0.03%
223,748
-1,500
-0.7% -$42.1K
ZBH icon
360
Zimmer Biomet
ZBH
$18.4B
$6.11M 0.03%
56,315
-900
-2% -$106K
DLTR icon
361
Dollar Tree
DLTR
$25.2B
$6.06M 0.03%
56,769
+100
+0.2% +$11.8K
ATO icon
362
Atmos Energy
ATO
$28.8B
$6.03M 0.03%
51,710
+3,000
+6% +$350K
SWKS icon
363
Skyworks Solutions
SWKS
$10.6B
$5.99M 0.03%
56,183
+1,000
+2% +$98.6K
PTC icon
364
PTC
PTC
$16B
$5.95M 0.03%
32,754
– –
STE icon
365
Steris
STE
$23.1B
$5.94M 0.03%
27,048
– –
ES icon
366
Eversource Energy
ES
$27.2B
$5.92M 0.03%
104,433
+2,300
+2% +$136K
ULTA icon
367
Ulta Beauty
ULTA
$24.3B
$5.89M 0.03%
15,253
-700
-4% -$285K
BBY icon
368
Best Buy
BBY
$17.3B
$5.87M 0.03%
69,603
-3,400
-5% -$270K
TYL icon
369
Tyler Technologies
TYL
$12.8B
$5.85M 0.03%
11,637
+100
+0.9% +$46.1K
WBD icon
370
Warner Bros
WBD
$67.1B
$5.82M 0.03%
782,025
+23,100
+3% +$185K
STLD icon
371
Steel Dynamics
STLD
$37.6B
$5.81M 0.03%
44,860
-2,900
-6% -$387K
BRO icon
372
Brown & Brown
BRO
$23.9B
$5.8M 0.03%
64,851
+100
+0.2% +$8.68K
SBAC icon
373
SBA Communications
SBAC
$19.5B
$5.78M 0.03%
29,442
-100
-0.3% -$19.8K
LDOS icon
374
Leidos
LDOS
$17.3B
$5.78M 0.03%
39,592
-1,100
-3% -$154K
AXON
375
Axon Enterprise
AXON
$46.4B
$5.71M 0.03%
19,400
+100
+0.5% +$29.8K
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
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.