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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
STX icon
426
Seagate
STX
$182B
$4.95M 0.03%
57,405
+200
+0.3% +$20.1K
INVH icon
427
Invitation Homes
INVH
$17.8B
$4.94M 0.03%
154,600
-600
-0.4% -$20K
GEN icon
428
Gen Digital
GEN
$17.5B
$4.93M 0.03%
179,975
+700
+0.4% +$20.1K
STLD icon
429
Steel Dynamics
STLD
$38.5B
$4.92M 0.03%
43,160
-300
-0.7% -$39.9K
KEY icon
430
KeyCorp
KEY
$24.3B
$4.87M 0.03%
284,328
+15,900
+6% +$285K
LVS icon
431
Las Vegas Sands
LVS
$29.4B
$4.85M 0.03%
94,501
-1,800
-2% -$93.3K
FFIV icon
432
F5
FFIV
$23.2B
$4.8M 0.03%
19,088
-400
-2% -$95.6K
WRB icon
433
W.R. Berkley
WRB
$26.3B
$4.78M 0.02%
81,719
-200
-0.2% -$12K
DOCU
434
DocuSign
DOCU
$11.4B
$4.76M 0.02%
+52,900
New +$4.22M
EL icon
435
Estee Lauder
EL
$31.5B
$4.75M 0.02%
63,338
-100
-0.2% -$7.9K
OMC icon
436
Omnicom Group
OMC
$23.2B
$4.72M 0.02%
54,884
-1,000
-2% -$99.1K
MOH icon
437
Molina Healthcare
MOH
$10.4B
$4.7M 0.02%
16,132
-600
-4% -$185K
TRMB icon
438
Trimble
TRMB
$13.6B
$4.69M 0.02%
66,323
-200
-0.3% -$13.6K
EG icon
439
Everest Group
EG
$14.2B
$4.68M 0.02%
12,911
+100
+0.8% +$37.5K
NI icon
440
NiSource
NI
$20B
$4.66M 0.02%
126,669
+4,500
+4% +$162K
VRSN icon
441
VeriSign
VRSN
$26.5B
$4.65M 0.02%
22,479
-400
-2% -$75.3K
IBKR icon
442
Interactive Brokers
IBKR
$41.1B
$4.55M 0.02%
103,116
-400
-0.4% -$16.8K
HOLX
443
DELISTED
Hologic
HOLX
$4.55M 0.02%
63,065
-200
-0.3% -$15.6K
P
444
Everpure Inc
P
$32.6B
$4.53M 0.02%
73,700
+300
+0.4% +$16.7K
DG icon
445
Dollar General
DG
$27B
$4.52M 0.02%
59,654
-200
-0.3% -$15.8K
MANH icon
446
Manhattan Associates
MANH
$11.4B
$4.52M 0.02%
16,731
+400
+2% +$114K
PNR icon
447
Pentair
PNR
$10.7B
$4.52M 0.02%
44,864
-200
-0.4% -$20.5K
J icon
448
Jacobs Solutions
J
$17.2B
$4.5M 0.02%
34,036
-404
-1% -$55.6K
L icon
449
Loews
L
$23.3B
$4.47M 0.02%
52,752
-300
-0.6% -$24.7K
BALL icon
450
Ball Corp
BALL
$16.6B
$4.47M 0.02%
81,001
-1,700
-2% -$104K
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 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.