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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
CSL icon
426
Carlisle Companies
CSL
$15.4B
$4.65M 0.02%
11,472
-500
-4% -$201K
CLX icon
427
Clorox
CLX
$12.7B
$4.65M 0.02%
34,051
– –
ALGN icon
428
Align Technology
ALGN
$12.3B
$4.64M 0.02%
19,200
-300
-2% -$83.5K
PFG icon
429
Principal Financial Group
PFG
$24.3B
$4.63M 0.02%
59,080
-1,000
-2% -$81.2K
GEN icon
430
Gen Digital
GEN
$17.5B
$4.56M 0.02%
182,675
+3,400
+2% +$77.8K
DGX icon
431
Quest Diagnostics
DGX
$26.3B
$4.53M 0.02%
33,117
+100
+0.3% +$13.7K
NRG icon
432
NRG Energy
NRG
$24.8B
$4.44M 0.02%
57,066
-14,682
-20% -$1.14M
EME icon
433
Emcor
EME
$36B
$4.43M 0.02%
12,148
+600
+5% +$221K
LVS icon
434
Las Vegas Sands
LVS
$29.6B
$4.43M 0.02%
100,001
-1,200
-1% -$56K
IP icon
435
International Paper
IP
$22B
$4.42M 0.02%
102,348
+1,800
+2% +$73.1K
UAL icon
436
United Airlines
UAL
$42.1B
$4.38M 0.02%
90,028
+200
+0.2% +$10.1K
OC icon
437
Owens Corning
OC
$12.4B
$4.36M 0.02%
25,088
-1,900
-7% -$329K
ZBRA icon
438
Zebra Technologies
ZBRA
$17.8B
$4.35M 0.02%
14,091
– –
WRB icon
439
W.R. Berkley
WRB
$26.6B
$4.35M 0.02%
83,019
-300
-0.4% -$16.1K
EXAS
440
DELISTED
Exact Sciences
EXAS
$4.32M 0.02%
102,204
– –
VTRS icon
441
Viatris
VTRS
$18.9B
$4.31M 0.02%
405,120
+5,000
+1% +$55.2K
CAG icon
442
Conagra Brands
CAG
$7.23B
$4.28M 0.02%
150,601
-400
-0.3% -$12K
VRSN icon
443
VeriSign
VRSN
$26.6B
$4.23M 0.02%
23,779
-400
-2% -$71.3K
IEX icon
444
IDEX
IEX
$17.3B
$4.18M 0.02%
20,780
+100
+0.5% +$21.8K
JBL icon
445
Jabil
JBL
$35.8B
$4.18M 0.02%
38,400
+400
+1% +$48.5K
K
446
DELISTED
Kellanova
K
$4.16M 0.02%
72,121
-100
-0.1% -$5.9K
LII icon
447
Lennox International
LII
$15.2B
$4.14M 0.02%
7,744
-1,500
-16% -$739K
RS icon
448
Reliance Steel & Aluminium
RS
$21.6B
$4.14M 0.02%
14,497
-400
-3% -$120K
SNA icon
449
Snap-on
SNA
$21.5B
$4.14M 0.02%
15,822
– –
TPL icon
450
Texas Pacific Land
TPL
$23.5B
$4.11M 0.02%
16,800
+13,200
+367% +$2.77M
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
AM
AGF Management Toronto, Ontario, Canada $22.3B AUM 46.42% 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

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.