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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
ARE icon
426
Alexandria Real Estate Equities
ARE
$8.32B
$5.04M 0.03%
42,418
-700
-2% -$83.4K
EG icon
427
Everest Group
EG
$14.2B
$5.02M 0.02%
12,811
-100
-0.8% -$38.1K
MAS icon
428
Masco
MAS
$14.7B
$4.99M 0.02%
59,417
-900
-1% -$68.2K
PFG icon
429
Principal Financial Group
PFG
$24.4B
$4.98M 0.02%
57,980
-1,100
-2% -$88.8K
IP icon
430
International Paper
IP
$21.9B
$4.98M 0.02%
101,848
-500
-0.5% -$23.3K
MRO
431
DELISTED
Marathon Oil Corporation
MRO
$4.97M 0.02%
186,605
-2,200
-1% -$60.9K
TPL icon
432
Texas Pacific Land
TPL
$24.2B
$4.95M 0.02%
16,800
– –
NTRS icon
433
Northern Trust
NTRS
$34.4B
$4.94M 0.02%
54,913
-1,100
-2% -$96.2K
CSL icon
434
Carlisle Companies
CSL
$15.3B
$4.93M 0.02%
10,972
-500
-4% -$207K
ILMN icon
435
Illumina
ILMN
$29B
$4.93M 0.02%
37,800
-600
-2% -$74K
GEN icon
436
Gen Digital
GEN
$17.5B
$4.92M 0.02%
179,275
-3,400
-2% -$87.3K
SWK icon
437
Stanley Black & Decker
SWK
$15.5B
$4.9M 0.02%
44,531
-200
-0.4% -$19.2K
CAG icon
438
Conagra Brands
CAG
$7.07B
$4.88M 0.02%
150,101
-500
-0.3% -$15.3K
ALGN icon
439
Align Technology
ALGN
$12.5B
$4.86M 0.02%
19,100
-100
-0.5% -$23.6K
LVS icon
440
Las Vegas Sands
LVS
$29.4B
$4.85M 0.02%
96,301
-3,700
-4% -$152K
VTRS icon
441
Viatris
VTRS
$18.7B
$4.69M 0.02%
404,020
-1,100
-0.3% -$12.7K
LYV icon
442
Live Nation Entertainment
LYV
$43B
$4.67M 0.02%
42,611
+3,600
+9% +$348K
WRB icon
443
W.R. Berkley
WRB
$26.3B
$4.65M 0.02%
81,919
-1,100
-1% -$61.8K
LII icon
444
Lennox International
LII
$14.6B
$4.62M 0.02%
7,644
-100
-1% -$57K
MANH icon
445
Manhattan Associates
MANH
$11.4B
$4.6M 0.02%
16,331
-300
-2% -$76.3K
CF icon
446
CF Industries
CF
$18.4B
$4.58M 0.02%
53,354
-900
-2% -$69.6K
SNA icon
447
Snap-on
SNA
$21.3B
$4.55M 0.02%
15,722
-100
-0.6% -$27.6K
AKAM icon
448
Akamai
AKAM
$16.9B
$4.53M 0.02%
44,889
-400
-0.9% -$39K
KEY icon
449
KeyCorp
KEY
$24.3B
$4.5M 0.02%
268,428
-5,500
-2% -$87.3K
UTHR icon
450
United Therapeutics
UTHR
$22.7B
$4.49M 0.02%
12,532
-200
-2% -$67.6K
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 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.