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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
TSN icon
401
Tyson Foods
TSN
$20.1B
$5.56M 0.03%
93,328
-500
-0.5% -$30.5K
CFG icon
402
Citizens Financial Group
CFG
$30.6B
$5.53M 0.03%
134,573
-2,500
-2% -$101K
SWKS icon
403
Skyworks Solutions
SWKS
$10.4B
$5.51M 0.03%
55,783
-400
-0.7% -$42.4K
CLX icon
404
Clorox
CLX
$13B
$5.5M 0.03%
33,751
-300
-0.9% -$44.5K
MAA icon
405
Mid-America Apartment Communities
MAA
$15.4B
$5.48M 0.03%
34,499
-200
-0.6% -$30.5K
STLD icon
406
Steel Dynamics
STLD
$38.5B
$5.48M 0.03%
43,460
-1,400
-3% -$170K
INVH icon
407
Invitation Homes
INVH
$17.8B
$5.47M 0.03%
155,200
-2,500
-2% -$89.4K
PKG icon
408
Packaging Corp of America
PKG
$22.7B
$5.46M 0.03%
25,363
-200
-0.8% -$39.8K
EXPD icon
409
Expeditors International
EXPD
$23.3B
$5.39M 0.03%
41,008
-200
-0.5% -$24.5K
DRI icon
410
Darden Restaurants
DRI
$24.9B
$5.3M 0.03%
32,312
-400
-1% -$60.6K
GPC icon
411
Genuine Parts
GPC
$18.5B
$5.3M 0.03%
37,929
-200
-0.5% -$27.8K
BAX icon
412
Baxter International
BAX
$14.4B
$5.28M 0.03%
138,928
-600
-0.4% -$22K
CNP icon
413
CenterPoint Energy
CNP
$26.4B
$5.22M 0.03%
177,447
+2,200
+1% +$61.6K
ZBRA icon
414
Zebra Technologies
ZBRA
$17.9B
$5.22M 0.03%
14,091
– –
ESS icon
415
Essex Property Trust
ESS
$18.2B
$5.16M 0.03%
17,460
-100
-0.6% -$29K
HOLX
416
DELISTED
Hologic
HOLX
$5.15M 0.03%
63,265
-600
-0.9% -$48K
DGX icon
417
Quest Diagnostics
DGX
$26.2B
$5.13M 0.03%
33,017
-100
-0.3% -$14.9K
NRG icon
418
NRG Energy
NRG
$25B
$5.12M 0.03%
56,166
-900
-2% -$71.6K
UAL icon
419
United Airlines
UAL
$40.2B
$5.11M 0.03%
89,528
-500
-0.6% -$23.1K
EME icon
420
Emcor
EME
$35.7B
$5.1M 0.03%
11,848
-300
-2% -$113K
TXT icon
421
Textron
TXT
$15.3B
$5.09M 0.03%
57,471
-1,200
-2% -$106K
CCL icon
422
Carnival Corporation Ltd
CCL
$38B
$5.08M 0.03%
275,144
-1,500
-0.5% -$25.4K
LUV icon
423
Southwest Airlines
LUV
$22B
$5.08M 0.03%
171,403
-700
-0.4% -$19.4K
DG icon
424
Dollar General
DG
$27B
$5.06M 0.03%
59,854
-300
-0.5% -$32.9K
AVY icon
425
Avery Dennison
AVY
$13.5B
$5.05M 0.03%
22,887
-200
-0.9% -$43.2K
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
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.