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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
TSN icon
401
Tyson Foods
TSN
$20.1B
$5.53M 0.03%
96,228
+2,900
+3% +$175K
NTRS icon
402
Northern Trust
NTRS
$34.4B
$5.52M 0.03%
53,813
-1,100
-2% -$112K
LYV icon
403
Live Nation Entertainment
LYV
$43B
$5.51M 0.03%
42,511
-100
-0.2% -$12.6K
STE icon
404
Steris
STE
$23.3B
$5.5M 0.03%
26,748
-100
-0.4% -$21.9K
MAA icon
405
Mid-America Apartment Communities
MAA
$15.4B
$5.46M 0.03%
35,299
+800
+2% +$125K
CLX icon
406
Clorox
CLX
$13B
$5.45M 0.03%
33,551
-200
-0.6% -$32.7K
CMS icon
407
CMS Energy
CMS
$21.7B
$5.41M 0.03%
81,099
-300
-0.4% -$20.6K
ZBRA icon
408
Zebra Technologies
ZBRA
$17.9B
$5.4M 0.03%
13,991
-100
-0.7% -$38.7K
SNA icon
409
Snap-on
SNA
$21.3B
$5.34M 0.03%
15,722
– –
LII icon
410
Lennox International
LII
$14.6B
$5.3M 0.03%
8,700
+1,056
+14% +$660K
EME icon
411
Emcor
EME
$35.7B
$5.29M 0.03%
11,648
-200
-2% -$94.6K
JBL icon
412
Jabil
JBL
$35.3B
$5.27M 0.03%
36,600
+300
+0.8% +$39.4K
MKC icon
413
McCormick & Company Non-Voting
MKC
$14.3B
$5.22M 0.03%
68,410
-200
-0.3% -$15.7K
PTON icon
414
Peloton Interactive
PTON
$2.42B
$5.19M 0.03%
596,477
– –
APTV icon
415
Aptiv
APTV
$10.3B
$5.1M 0.03%
84,249
+6,400
+8% +$392K
IP icon
416
International Paper
IP
$21.9B
$5.08M 0.03%
94,296
-7,552
-7% -$405K
VTRS icon
417
Viatris
VTRS
$18.7B
$5.05M 0.03%
405,620
+1,600
+0.4% +$19.7K
ILMN icon
418
Illumina
ILMN
$29B
$5.02M 0.03%
37,600
-200
-0.5% -$28.5K
BLDR icon
419
Builders FirstSource
BLDR
$7.74B
$5M 0.03%
35,000
-1,300
-4% -$230K
SWKS icon
420
Skyworks Solutions
SWKS
$10.4B
$4.99M 0.03%
56,283
+500
+0.9% +$45.4K
ESS icon
421
Essex Property Trust
ESS
$18.2B
$4.98M 0.03%
17,460
– –
COO icon
422
Cooper Companies
COO
$14.9B
$4.97M 0.03%
54,044
-200
-0.4% -$20.4K
DGX icon
423
Quest Diagnostics
DGX
$26.2B
$4.97M 0.03%
32,917
-100
-0.3% -$15.6K
PODD icon
424
Insulet
PODD
$9.91B
$4.96M 0.03%
19,000
-100
-0.5% -$25.2K
NRG icon
425
NRG Energy
NRG
$25B
$4.96M 0.03%
54,966
-1,200
-2% -$111K
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 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.