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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
CINF icon
401
Cincinnati Financial
CINF
$26.9B
$5.07M 0.03%
42,906
-100
-0.2% -$11.7K
AVY icon
402
Avery Dennison
AVY
$13.4B
$5.05M 0.03%
23,087
+1,000
+5% +$222K
ARE icon
403
Alexandria Real Estate Equities
ARE
$8.36B
$5.04M 0.03%
43,118
– –
OMC icon
404
Omnicom Group
OMC
$22.9B
$5.04M 0.03%
56,184
-400
-0.7% -$37.1K
TXT icon
405
Textron
TXT
$15.4B
$5.04M 0.03%
58,671
-1,800
-3% -$160K
TDY icon
406
Teledyne Technologies
TDY
$32.2B
$5.03M 0.03%
12,969
– –
MOH icon
407
Molina Healthcare
MOH
$10.4B
$5M 0.03%
16,832
+300
+2% +$102K
WAT icon
408
Waters Corp
WAT
$40.4B
$4.96M 0.03%
17,097
+200
+1% +$63.8K
DRI icon
409
Darden Restaurants
DRI
$24.6B
$4.95M 0.03%
32,712
– –
MAA icon
410
Mid-America Apartment Communities
MAA
$15.4B
$4.95M 0.03%
34,699
+1,100
+3% +$147K
DPZ icon
411
Domino's
DPZ
$11.5B
$4.95M 0.03%
9,580
– –
CFG icon
412
Citizens Financial Group
CFG
$30.7B
$4.94M 0.03%
137,073
-5,800
-4% -$202K
LUV icon
413
Southwest Airlines
LUV
$22.2B
$4.92M 0.03%
172,103
+100
+0.1% +$2.79K
EG icon
414
Everest Group
EG
$14.3B
$4.92M 0.03%
12,911
+200
+2% +$75.6K
MKC icon
415
McCormick & Company Non-Voting
MKC
$14.3B
$4.89M 0.03%
68,910
– –
CMS icon
416
CMS Energy
CMS
$21.8B
$4.87M 0.03%
81,799
+1,100
+1% +$66.6K
J icon
417
Jacobs Solutions
J
$17.2B
$4.79M 0.02%
41,466
-121
-0.3% -$14.2K
ESS icon
418
Essex Property Trust
ESS
$18.2B
$4.78M 0.02%
17,560
– –
COO icon
419
Cooper Companies
COO
$14.8B
$4.75M 0.02%
54,444
– –
HOLX
420
DELISTED
Hologic
HOLX
$4.74M 0.02%
63,865
-400
-0.6% -$30K
P
421
Everpure Inc
P
$33B
$4.73M 0.02%
73,600
+700
+1% +$40.5K
NTRS icon
422
Northern Trust
NTRS
$34.4B
$4.7M 0.02%
56,013
-200
-0.4% -$16.8K
BAX icon
423
Baxter International
BAX
$14.3B
$4.67M 0.02%
139,528
+400
+0.3% +$14.7K
PKG icon
424
Packaging Corp of America
PKG
$22.7B
$4.67M 0.02%
25,563
-100
-0.4% -$18.2K
BG icon
425
Bunge Global
BG
$21.5B
$4.66M 0.02%
43,600
+3,800
+10% +$399K
15 16
17
18 19

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
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
CHP
Castle Hook Partners New York $23.4B AUM 158.96% 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.