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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
VTR icon
376
Ventas
VTR
$47.9B
$5.68M 0.03%
110,805
+600
+0.5% +$28.1K
INVH icon
377
Invitation Homes
INVH
$18B
$5.66M 0.03%
157,700
+100
+0.1% +$3.48K
APTV icon
378
Aptiv
APTV
$10.3B
$5.64M 0.03%
80,049
+3,600
+5% +$277K
SYF icon
379
Synchrony
SYF
$25.6B
$5.57M 0.03%
118,040
-2,900
-2% -$126K
STX icon
380
Seagate
STX
$184B
$5.53M 0.03%
53,505
+100
+0.2% +$9.34K
HBAN icon
381
Huntington Bancshares
HBAN
$35.5B
$5.52M 0.03%
419,050
+3,000
+0.7% +$40.3K
EQT icon
382
EQT Corp
EQT
$32.3B
$5.5M 0.03%
148,800
+4,700
+3% +$184K
CNP icon
383
CenterPoint Energy
CNP
$26.8B
$5.43M 0.03%
175,247
+2,300
+1% +$67.9K
FE icon
384
FirstEnergy
FE
$27.5B
$5.43M 0.03%
141,844
+300
+0.2% +$11.6K
MRO
385
DELISTED
Marathon Oil Corporation
MRO
$5.41M 0.03%
188,805
-9,700
-5% -$269K
GDDY icon
386
GoDaddy
GDDY
$11.5B
$5.39M 0.03%
38,600
+4,000
+12% +$528K
RF icon
387
Regions Financial
RF
$26.8B
$5.38M 0.03%
268,239
-4,900
-2% -$95K
HUBB icon
388
Hubbell
HUBB
$27.2B
$5.37M 0.03%
14,700
– –
TSN icon
389
Tyson Foods
TSN
$20.4B
$5.36M 0.03%
93,828
-2,900
-3% -$170K
GPC icon
390
Genuine Parts
GPC
$18.7B
$5.27M 0.03%
38,129
-300
-0.8% -$44.8K
BLDR icon
391
Builders FirstSource
BLDR
$8.04B
$5.26M 0.03%
38,000
-2,000
-5% -$340K
CBOE icon
392
Cboe Global Markets
CBOE
$29.9B
$5.2M 0.03%
30,603
+1,700
+6% +$302K
AEE icon
393
Ameren
AEE
$30.1B
$5.19M 0.03%
72,987
+900
+1% +$65.5K
CCL icon
394
Carnival Corporation Ltd
CCL
$39.7B
$5.18M 0.03%
276,644
+600
+0.2% +$9.28K
LH icon
395
Labcorp
LH
$25.9B
$5.17M 0.03%
25,387
-200
-0.8% -$40.7K
WSM icon
396
Williams-Sonoma
WSM
$29.6B
$5.14M 0.03%
36,440
+5,000
+16% +$745K
EXPD icon
397
Expeditors International
EXPD
$23.2B
$5.14M 0.03%
41,208
-1,900
-4% -$226K
CPAY icon
398
Corpay
CPAY
$25.7B
$5.14M 0.03%
19,284
-500
-3% -$142K
EXPE icon
399
Expedia Group
EXPE
$37.3B
$5.12M 0.03%
40,664
-1,700
-4% -$210K
BALL icon
400
Ball Corp
BALL
$16.8B
$5.1M 0.03%
85,001
-1,400
-2% -$93.8K
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
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.