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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
TXT icon
376
Textron
TXT
$15.3B
$5.8M 0.03%
60,471
+100
+0.2% +$8.66K
ATO icon
377
Atmos Energy
ATO
$28.4B
$5.79M 0.03%
48,710
+700
+1% +$80.3K
RF icon
378
Regions Financial
RF
$26.8B
$5.75M 0.03%
273,139
-1,500
-0.5% -$28.4K
VST icon
379
Vistra
VST
$48.2B
$5.75M 0.03%
82,500
+1,900
+2% +$94K
SLP icon
380
Simulations Plus
SLP
$371M
$5.74M 0.03%
139,500
– –
TSN icon
381
Tyson Foods
TSN
$20.1B
$5.68M 0.03%
96,728
+400
+0.4% +$21.9K
BRO icon
382
Brown & Brown
BRO
$24B
$5.67M 0.03%
64,751
+100
+0.2% +$8.04K
MRO
383
DELISTED
Marathon Oil Corporation
MRO
$5.63M 0.03%
198,505
+100
+0.1% +$2.41K
INVH icon
384
Invitation Homes
INVH
$17.8B
$5.61M 0.03%
157,600
+100
+0.1% +$3.38K
LH icon
385
Labcorp
LH
$26.1B
$5.59M 0.03%
25,587
– –
TDY icon
386
Teledyne Technologies
TDY
$32B
$5.57M 0.03%
12,969
+100
+0.8% +$42.9K
ARE icon
387
Alexandria Real Estate Equities
ARE
$8.32B
$5.56M 0.03%
43,118
+300
+0.7% +$37K
COO icon
388
Cooper Companies
COO
$14.9B
$5.52M 0.03%
54,444
+300
+0.6% +$29K
OMC icon
389
Omnicom Group
OMC
$23.2B
$5.48M 0.03%
56,584
– –
DRI icon
390
Darden Restaurants
DRI
$24.9B
$5.47M 0.03%
32,712
-200
-0.6% -$33.2K
FE icon
391
FirstEnergy
FE
$27.1B
$5.47M 0.03%
141,544
+200
+0.1% +$7.48K
WBA
392
DELISTED
Walgreens Boots Alliance
WBA
$5.45M 0.03%
251,100
-200
-0.1% -$4.44K
FSLR icon
393
First Solar
FSLR
$25.7B
$5.4M 0.03%
32,000
– –
EQT icon
394
EQT Corp
EQT
$33.8B
$5.34M 0.03%
144,100
+100
+0.1% +$3.58K
CINF icon
395
Cincinnati Financial
CINF
$26.7B
$5.34M 0.03%
43,006
– –
LDOS icon
396
Leidos
LDOS
$17.5B
$5.33M 0.03%
40,692
+100
+0.2% +$11.9K
AEE icon
397
Ameren
AEE
$29.6B
$5.33M 0.03%
72,087
+100
+0.1% +$7.11K
VLTO icon
398
Veralto
VLTO
$23.7B
$5.32M 0.03%
60,048
– –
CBOE icon
399
Cboe Global Markets
CBOE
$29.8B
$5.31M 0.03%
28,903
– –
MKC icon
400
McCormick & Company Non-Voting
MKC
$14.3B
$5.29M 0.03%
68,910
+100
+0.1% +$6.79K
14 15
16
17 18

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.