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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
WAT icon
376
Waters Corp
WAT
$40.4B
$6.15M 0.03%
17,097
– –
HBAN icon
377
Huntington Bancshares
HBAN
$35.6B
$6.14M 0.03%
417,650
-1,400
-0.3% -$19.9K
WDC icon
378
Western Digital
WDC
$151B
$6.07M 0.03%
117,690
-662
-0.6% -$33.5K
GDDY icon
379
GoDaddy
GDDY
$11.6B
$6.02M 0.03%
38,400
-200
-0.5% -$30.6K
COO icon
380
Cooper Companies
COO
$14.9B
$5.99M 0.03%
54,244
-200
-0.4% -$19.5K
ZBH icon
381
Zimmer Biomet
ZBH
$18.7B
$5.98M 0.03%
55,415
-900
-2% -$98.2K
TER icon
382
Teradyne
TER
$57.1B
$5.95M 0.03%
44,435
+1,700
+4% +$229K
PTC icon
383
PTC
PTC
$16.4B
$5.92M 0.03%
32,754
– –
CPAY icon
384
Corpay
CPAY
$26.2B
$5.91M 0.03%
18,884
-400
-2% -$117K
EXPE icon
385
Expedia Group
EXPE
$37.7B
$5.9M 0.03%
39,864
-800
-2% -$106K
K
386
DELISTED
Kellanova
K
$5.89M 0.03%
73,021
+900
+1% +$64.1K
ULTA icon
387
Ulta Beauty
ULTA
$23.6B
$5.86M 0.03%
15,053
-200
-1% -$75K
CINF icon
388
Cincinnati Financial
CINF
$26.7B
$5.79M 0.03%
42,506
-400
-0.9% -$51.7K
OMC icon
389
Omnicom Group
OMC
$23.2B
$5.78M 0.03%
55,884
-300
-0.5% -$28.8K
SYF icon
390
Synchrony
SYF
$25.4B
$5.77M 0.03%
115,740
-2,300
-2% -$111K
BROS icon
391
Dutch Bros
BROS
$8.96B
$5.77M 0.03%
180,000
– –
MOH icon
392
Molina Healthcare
MOH
$10.4B
$5.77M 0.03%
16,732
-100
-0.6% -$33K
CMS icon
393
CMS Energy
CMS
$21.7B
$5.75M 0.03%
81,399
-400
-0.5% -$26.2K
MKC icon
394
McCormick & Company Non-Voting
MKC
$14.3B
$5.65M 0.03%
68,610
-300
-0.4% -$23.4K
LH icon
395
Labcorp
LH
$26.1B
$5.63M 0.03%
25,187
-200
-0.8% -$44K
BALL icon
396
Ball Corp
BALL
$16.6B
$5.62M 0.03%
82,701
-2,300
-3% -$146K
APTV icon
397
Aptiv
APTV
$10.3B
$5.61M 0.03%
77,849
-2,200
-3% -$154K
TDY icon
398
Teledyne Technologies
TDY
$32B
$5.59M 0.03%
12,769
-200
-2% -$82.9K
WSM icon
399
Williams-Sonoma
WSM
$29.5B
$5.57M 0.03%
35,940
-500
-1% -$71.7K
CTRA
400
DELISTED
Coterra Energy
CTRA
$5.56M 0.03%
232,359
-2,500
-1% -$61.7K
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 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.