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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
BBY icon
376
Best Buy
BBY
$17.4B
$6.17M 0.03%
71,903
+1,600
+2% +$146K
WAT icon
377
Waters Corp
WAT
$40.4B
$6.16M 0.03%
16,597
-500
-3% -$183K
ES icon
378
Eversource Energy
ES
$26.8B
$6.12M 0.03%
106,533
+1,200
+1% +$74.8K
HUBB icon
379
Hubbell
HUBB
$26.7B
$6.12M 0.03%
14,600
– –
FSLR icon
380
First Solar
FSLR
$25.7B
$6.12M 0.03%
34,700
+1,100
+3% +$219K
CINF icon
381
Cincinnati Financial
CINF
$26.7B
$6.09M 0.03%
42,406
-100
-0.2% -$14.6K
PTC icon
382
PTC
PTC
$16.4B
$6M 0.03%
32,654
-100
-0.3% -$19K
DRI icon
383
Darden Restaurants
DRI
$24.9B
$5.96M 0.03%
31,912
-400
-1% -$67.1K
SBAC icon
384
SBA Communications
SBAC
$19.2B
$5.94M 0.03%
29,142
-100
-0.3% -$22.5K
K
385
DELISTED
Kellanova
K
$5.91M 0.03%
73,021
– –
CTRA
386
DELISTED
Coterra Energy
CTRA
$5.9M 0.03%
231,159
-1,200
-0.5% -$29.8K
CBOE icon
387
Cboe Global Markets
CBOE
$29.8B
$5.88M 0.03%
30,103
-200
-0.7% -$41.2K
TDY icon
388
Teledyne Technologies
TDY
$32B
$5.88M 0.03%
12,669
-100
-0.8% -$46.6K
IFF icon
389
International Flavors & Fragrances
IFF
$21.7B
$5.87M 0.03%
69,415
-200
-0.3% -$18.8K
LYB icon
390
LyondellBasell Industries
LYB
$20.2B
$5.81M 0.03%
78,165
+1,400
+2% +$118K
EXAS
391
DELISTED
Exact Sciences
EXAS
$5.74M 0.03%
102,204
– –
LUV icon
392
Southwest Airlines
LUV
$22B
$5.74M 0.03%
170,703
-700
-0.4% -$22.3K
CFG icon
393
Citizens Financial Group
CFG
$30.6B
$5.71M 0.03%
130,573
-4,000
-3% -$177K
LH icon
394
Labcorp
LH
$26.1B
$5.71M 0.03%
24,887
-300
-1% -$68.8K
ZBH icon
395
Zimmer Biomet
ZBH
$18.7B
$5.71M 0.03%
54,015
-1,400
-3% -$150K
PKG icon
396
Packaging Corp of America
PKG
$22.7B
$5.62M 0.03%
24,963
-400
-2% -$92.5K
CNP icon
397
CenterPoint Energy
CNP
$26.4B
$5.61M 0.03%
176,847
-600
-0.3% -$18.5K
TER icon
398
Teradyne
TER
$57.1B
$5.57M 0.03%
44,235
-200
-0.5% -$23.7K
LDOS icon
399
Leidos
LDOS
$17.5B
$5.55M 0.03%
38,492
-800
-2% -$133K
FE icon
400
FirstEnergy
FE
$27.1B
$5.54M 0.03%
139,244
-300
-0.2% -$12.5K
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 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.