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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
+14.11%
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
$18.6B
AUM Growth
+$1.79B
Cap. Flow
+$12.3M
Cap. Flow %
0.07%
Top 10 Hldgs %
34.69%
Holding
974
New
16
Increased
601
Reduced
158
Closed
19

Top Buys

Rank Stock Value
1
NEE icon
NextEra Energy
NEE
+$132M
2
MBB icon
iShares MBS ETF
MBB
+$94.8M
3
BMY icon
Bristol-Myers Squibb
BMY
+$66.2M
4
SMCI icon
Super Micro Computer
SMCI
+$40.2M
5
MSFT icon
Microsoft
MSFT
+$40.2M

Top Sells

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$117M
2
AGG icon
iShares Core US Aggregate Bond ETF
AGG
+$97M
3
PANW icon
Palo Alto Networks
PANW
+$66.1M
4
APO icon
Apollo Global Management
APO
+$52.8M
5
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$32.1M

Sector Composition

Rank Sector Weight
1 Technology 26.33%
2 Financials 10.76%
3 Communication Services 10.57%
4 Healthcare 9.84%
5 Consumer Discretionary 8.58%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CMS icon
426
CMS Energy
CMS
$21.7B
$4.87M 0.03%
80,699
+800
+1% +$46.4K
NRG icon
427
NRG Energy
NRG
$25B
$4.86M 0.03%
71,748
+100
+0.1% +$5.61K
VTR icon
428
Ventas
VTR
$47.2B
$4.8M 0.03%
110,205
– –
VTRS icon
429
Viatris
VTRS
$18.7B
$4.78M 0.03%
400,120
+200
+0.1% +$2.41K
DPZ icon
430
Domino's
DPZ
$11.5B
$4.76M 0.03%
9,580
– –
MAS icon
431
Masco
MAS
$14.7B
$4.75M 0.03%
60,217
-1,200
-2% -$86.4K
XBI icon
432
State Street SPDR S&P Biotech ETF
XBI
$10.4B
$4.74M 0.03%
+50,000
New +$4.64M
CE icon
433
Celanese
CE
$4.88B
$4.72M 0.03%
27,452
– –
LKQ icon
434
LKQ Corp
LKQ
$6.22B
$4.7M 0.03%
88,083
+100
+0.1% +$4.96K
CSL icon
435
Carlisle Companies
CSL
$15.3B
$4.69M 0.03%
11,972
+300
+3% +$102K
SNA icon
436
Snap-on
SNA
$21.3B
$4.69M 0.03%
15,822
– –
ALB icon
437
Albemarle
ALB
$15.5B
$4.68M 0.03%
35,507
– –
VRSN icon
438
VeriSign
VRSN
$26.5B
$4.58M 0.02%
24,179
-100
-0.4% -$19.7K
LII icon
439
Lennox International
LII
$14.6B
$4.52M 0.02%
9,244
+200
+2% +$91K
CCL icon
440
Carnival Corporation Ltd
CCL
$38B
$4.51M 0.02%
276,044
+200
+0.1% +$3.25K
ENPH icon
441
Enphase Energy
ENPH
$5.41B
$4.5M 0.02%
37,215
-200
-0.5% -$23.3K
OC icon
442
Owens Corning
OC
$12.2B
$4.5M 0.02%
26,988
+500
+2% +$76.3K
AKAM icon
443
Akamai
AKAM
$16.9B
$4.49M 0.02%
41,289
– –
CAG icon
444
Conagra Brands
CAG
$7.07B
$4.48M 0.02%
151,001
+200
+0.1% +$5.71K
JBHT icon
445
JB Hunt Transport Services
JBHT
$25B
$4.44M 0.02%
22,295
– –
MAA icon
446
Mid-America Apartment Communities
MAA
$15.4B
$4.42M 0.02%
33,599
+100
+0.3% +$13K
LW icon
447
Lamb Weston
LW
$7.12B
$4.4M 0.02%
41,332
-100
-0.2% -$10.4K
DGX icon
448
Quest Diagnostics
DGX
$26.2B
$4.39M 0.02%
33,017
-400
-1% -$51.9K
TRMB icon
449
Trimble
TRMB
$13.6B
$4.38M 0.02%
68,123
– –
EPAM icon
450
EPAM Systems
EPAM
$5.02B
$4.37M 0.02%
15,827
– –
16 17
18
19 20

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 Q1 2024 Portfolio in Review

As of Q1 2024, State of Michigan Retirement System held 974 positions worth $18.6B, up 11% from $16.8B the previous quarter. Its ten largest holdings account for 35% of the portfolio.

Trading was light in Q1 2024: portfolio turnover was 3.6%. State of Michigan Retirement System opened 16 new positions and exited 19, leaving the 974-position portfolio largely intact.

By sector, the portfolio is most concentrated in Technology at 26% of assets, up from 25% a quarter earlier, followed by Financials and Communication Services.

  • State of Michigan Retirement System's largest Q1 2024 buy was Arm: 228,200 shares worth $28.5M.
  • State of Michigan Retirement System added most to NextEra Energy in Q1 2024, an estimated $132M increase.
  • State of Michigan Retirement System's biggest Q1 2024 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $117M.
  • State of Michigan Retirement System fully exited iShares Core US Aggregate Bond ETF in Q1 2024, selling an estimated $97M.
  • State of Michigan Retirement System's ten largest holdings make up 35% of its $18.6B portfolio in Q1 2024.
  • State of Michigan Retirement System opened 16 new positions and closed 19 in Q1 2024.
  • State of Michigan Retirement System's portfolio value rose 11% quarter-over-quarter to $18.6B.

Based on State of Michigan Retirement System's 13F filing for Q1 2024, filed 18 Apr 2024.