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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
KEY icon
451
KeyCorp
KEY
$24.3B
$4.34M 0.02%
274,328
+300
+0.1% +$4.33K
TAP icon
452
Molson Coors Class B
TAP
$7.93B
$4.31M 0.02%
64,070
– –
UAL icon
453
United Airlines
UAL
$40.2B
$4.3M 0.02%
89,828
– –
ESS icon
454
Essex Property Trust
ESS
$18.2B
$4.3M 0.02%
17,560
– –
ZBRA icon
455
Zebra Technologies
ZBRA
$17.9B
$4.25M 0.02%
14,091
– –
SJM icon
456
J.M. Smucker
SJM
$12.6B
$4.21M 0.02%
33,461
– –
L icon
457
Loews
L
$23.3B
$4.21M 0.02%
53,752
-200
-0.4% -$14.8K
GGG icon
458
Graco
GGG
$13.5B
$4.16M 0.02%
44,464
+1,000
+2% +$88.5K
OVV icon
459
Ovintiv
OVV
$17.6B
$4.14M 0.02%
79,800
+1,200
+2% +$54.6K
K
460
DELISTED
Kellanova
K
$4.14M 0.02%
72,221
– –
SWK icon
461
Stanley Black & Decker
SWK
$15.5B
$4.12M 0.02%
42,031
+100
+0.2% +$9.22K
LYV icon
462
Live Nation Entertainment
LYV
$43B
$4.12M 0.02%
38,911
+100
+0.3% +$9.45K
GDDY icon
463
GoDaddy
GDDY
$11.6B
$4.11M 0.02%
34,600
+800
+2% +$89K
BG icon
464
Bunge Global
BG
$21.6B
$4.08M 0.02%
39,800
– –
NDSN icon
465
Nordson
NDSN
$17.2B
$4.08M 0.02%
14,851
– –
EME icon
466
Emcor
EME
$35.7B
$4.04M 0.02%
11,548
+300
+3% +$80.5K
MANH icon
467
Manhattan Associates
MANH
$11.4B
$4.04M 0.02%
16,131
+400
+3% +$95.2K
GEN icon
468
Gen Digital
GEN
$17.5B
$4.02M 0.02%
179,275
-800
-0.4% -$17.7K
HST icon
469
Host Hotels & Resorts
HST
$15.5B
$4M 0.02%
193,329
+200
+0.1% +$4.02K
IP icon
470
International Paper
IP
$21.9B
$3.92M 0.02%
100,548
+100
+0.1% +$3.63K
JNPR
471
DELISTED
Juniper Networks
JNPR
$3.91M 0.02%
105,624
+900
+0.9% +$32.9K
APA icon
472
APA Corp
APA
$14.4B
$3.9M 0.02%
113,473
+14,900
+15% +$472K
PNR icon
473
Pentair
PNR
$10.7B
$3.87M 0.02%
45,264
– –
WRK
474
DELISTED
WestRock Company
WRK
$3.82M 0.02%
77,264
+200
+0.3% +$8.74K
ROL icon
475
Rollins
ROL
$17.9B
$3.81M 0.02%
82,358
– –
17 18
19
20 21

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.