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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
HAL icon
351
Halliburton
HAL
$28B
$6.98M 0.03%
240,422
-2,000
-0.8% -$63.1K
ARKB icon
352
ARK 21Shares Bitcoin ETF
ARKB
$2.44B
$6.98M 0.03%
330,000
– –
CHD icon
353
Church & Dwight Co
CHD
$24.5B
$6.98M 0.03%
66,651
-300
-0.4% -$30.8K
EXAS
354
DELISTED
Exact Sciences
EXAS
$6.96M 0.03%
102,204
– –
EQT icon
355
EQT Corp
EQT
$33.8B
$6.95M 0.03%
189,700
+40,900
+27% +$1.39M
SW
356
Smurfit Westrock
SW
$25B
$6.92M 0.03%
+140,064
New +$6.37M
TWST icon
357
Twist Bioscience
TWST
$7.83B
$6.92M 0.03%
153,172
– –
BR icon
358
Broadridge
BR
$19.8B
$6.83M 0.03%
31,760
-600
-2% -$125K
TTWO icon
359
Take-Two Interactive
TTWO
$47.4B
$6.82M 0.03%
44,392
+900
+2% +$137K
SSYS icon
360
Stratasys
SSYS
$769M
$6.79M 0.03%
817,503
– –
TYL icon
361
Tyler Technologies
TYL
$13B
$6.79M 0.03%
11,637
– –
BRO icon
362
Brown & Brown
BRO
$24B
$6.68M 0.03%
64,451
-400
-0.6% -$39.8K
DVN icon
363
Devon Energy
DVN
$49.9B
$6.67M 0.03%
170,491
-2,600
-2% -$114K
STE icon
364
Steris
STE
$23.3B
$6.51M 0.03%
26,848
-200
-0.7% -$46.8K
WBD icon
365
Warner Bros
WBD
$67.4B
$6.43M 0.03%
779,025
-3,000
-0.4% -$23.4K
LDOS icon
366
Leidos
LDOS
$17.5B
$6.4M 0.03%
39,292
-300
-0.8% -$45.4K
AEE icon
367
Ameren
AEE
$29.6B
$6.36M 0.03%
72,687
-300
-0.4% -$24K
EL icon
368
Estee Lauder
EL
$31.5B
$6.32M 0.03%
63,438
-400
-0.6% -$37.9K
STX icon
369
Seagate
STX
$182B
$6.27M 0.03%
57,205
+3,700
+7% +$378K
HUBB icon
370
Hubbell
HUBB
$26.7B
$6.25M 0.03%
14,600
-100
-0.7% -$38.4K
WST icon
371
West Pharmaceutical
WST
$24.8B
$6.23M 0.03%
20,756
-200
-1% -$61.3K
RF icon
372
Regions Financial
RF
$26.8B
$6.22M 0.03%
266,639
-1,600
-0.6% -$35K
CBOE icon
373
Cboe Global Markets
CBOE
$29.8B
$6.21M 0.03%
30,303
-300
-1% -$58.9K
FE icon
374
FirstEnergy
FE
$27.1B
$6.19M 0.03%
139,544
-2,300
-2% -$96.8K
RJF icon
375
Raymond James Financial
RJF
$34.5B
$6.18M 0.03%
50,444
-600
-1% -$70.1K
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 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.