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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
CCL icon
351
Carnival Corporation Ltd
CCL
$38B
$7.03M 0.04%
281,944
+6,800
+2% +$159K
DOV icon
352
Dover
DOV
$28.3B
$6.98M 0.04%
37,223
-200
-0.5% -$39.1K
PPL
353
PPL Corp
PPL
$26.3B
$6.98M 0.04%
215,048
-7,500
-3% -$247K
MTD icon
354
Mettler-Toledo International
MTD
$28.6B
$6.97M 0.04%
5,696
-100
-2% -$130K
CHD icon
355
Church & Dwight Co
CHD
$24.5B
$6.96M 0.04%
66,451
-200
-0.3% -$21.1K
HBAN icon
356
Huntington Bancshares
HBAN
$35.6B
$6.79M 0.04%
417,050
-600
-0.1% -$9.87K
WSM icon
357
Williams-Sonoma
WSM
$29.5B
$6.78M 0.04%
36,640
+700
+2% +$111K
DTE icon
358
DTE Energy
DTE
$28.5B
$6.78M 0.04%
56,177
-200
-0.4% -$24.7K
TPL icon
359
Texas Pacific Land
TPL
$24.2B
$6.75M 0.04%
18,300
+1,500
+9% +$613K
TMDX icon
360
Transmedics
TMDX
$3.07B
$6.73M 0.04%
+108,000
New +$10.1M
TYL icon
361
Tyler Technologies
TYL
$13B
$6.71M 0.03%
11,637
– –
VTR icon
362
Ventas
VTR
$47.2B
$6.71M 0.03%
113,905
+1,400
+1% +$88K
WST icon
363
West Pharmaceutical
WST
$24.8B
$6.67M 0.03%
20,356
-400
-2% -$126K
BRO icon
364
Brown & Brown
BRO
$24B
$6.58M 0.03%
64,451
– –
ULTA icon
365
Ulta Beauty
ULTA
$23.6B
$6.5M 0.03%
14,953
-100
-0.7% -$38.7K
HAL icon
366
Halliburton
HAL
$28B
$6.48M 0.03%
238,422
-2,000
-0.8% -$58.5K
AEE icon
367
Ameren
AEE
$29.6B
$6.46M 0.03%
72,487
-200
-0.3% -$17.9K
EXE
368
Expand Energy Corp
EXE
$22.6B
$6.46M 0.03%
64,906
+33,606
+107% +$3.1M
VEEV icon
369
Veeva Systems
VEEV
$38.1B
$6.43M 0.03%
30,600
+28,800
+1,600% +$6.33M
WY icon
370
Weyerhaeuser
WY
$18.2B
$6.4M 0.03%
227,529
-10,300
-4% -$321K
CPAY icon
371
Corpay
CPAY
$26.2B
$6.39M 0.03%
18,884
– –
CDW icon
372
CDW
CDW
$17.1B
$6.29M 0.03%
36,145
-200
-0.6% -$38.9K
DVN icon
373
Devon Energy
DVN
$49.9B
$6.25M 0.03%
190,991
+20,500
+12% +$772K
WDC icon
374
Western Digital
WDC
$151B
$6.24M 0.03%
138,461
+20,771
+18% +$1.04M
RF icon
375
Regions Financial
RF
$26.8B
$6.17M 0.03%
262,339
-4,300
-2% -$106K
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 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.