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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
MANH icon
451
Manhattan Associates
MANH
$11.4B
$4.1M 0.02%
16,631
+500
+3% +$113K
AKAM icon
452
Akamai
AKAM
$15.9B
$4.08M 0.02%
45,289
+4,000
+10% +$387K
UTHR icon
453
United Therapeutics
UTHR
$23.1B
$4.06M 0.02%
12,732
+500
+4% +$132K
ROL icon
454
Rollins
ROL
$18.2B
$4.03M 0.02%
82,658
+300
+0.4% +$13.8K
MAS icon
455
Masco
MAS
$15.3B
$4.02M 0.02%
60,317
+100
+0.2% +$7.05K
CF icon
456
CF Industries
CF
$17.3B
$4.02M 0.02%
54,254
-5,300
-9% -$411K
HST icon
457
Host Hotels & Resorts
HST
$16B
$4.02M 0.02%
223,629
+30,300
+16% +$567K
ILMN icon
458
Illumina
ILMN
$28.4B
$4.01M 0.02%
38,400
-6,349
-14% -$712K
JNPR
459
DELISTED
Juniper Networks
JNPR
$3.99M 0.02%
109,324
+3,700
+4% +$131K
L icon
460
Loews
L
$23.6B
$3.97M 0.02%
53,152
-600
-1% -$45.5K
APA icon
461
APA Corp
APA
$13.2B
$3.96M 0.02%
134,673
+21,200
+19% +$656K
ENPH icon
462
Enphase Energy
ENPH
$5.53B
$3.94M 0.02%
39,515
+2,300
+6% +$268K
KEY icon
463
KeyCorp
KEY
$24.4B
$3.89M 0.02%
273,928
-400
-0.1% -$5.8K
PODD icon
464
Insulet
PODD
$9.79B
$3.87M 0.02%
19,200
+100
+0.5% +$18K
AMCR icon
465
Amcor
AMCR
$22.1B
$3.87M 0.02%
79,175
-20
-0% -$970
WRK
466
DELISTED
WestRock Company
WRK
$3.84M 0.02%
76,464
-800
-1% -$40.4K
EVRG icon
467
Evergy
EVRG
$19.2B
$3.84M 0.02%
72,481
+1,200
+2% +$63.8K
WSO icon
468
Watsco Inc
WSO
$13.6B
$3.84M 0.02%
8,283
– –
QRVO icon
469
Qorvo
QRVO
$8.74B
$3.79M 0.02%
32,619
+200
+0.6% +$21.3K
DOC icon
470
Healthpeak Properties
DOC
$14.8B
$3.78M 0.02%
192,693
-1,300
-0.7% -$24.8K
BMRN icon
471
BioMarin Pharmaceuticals
BMRN
$12.4B
$3.76M 0.02%
+45,700
New +$3.8M
TRMB icon
472
Trimble
TRMB
$13.9B
$3.74M 0.02%
66,923
-1,200
-2% -$69.3K
CE icon
473
Celanese
CE
$4.82B
$3.72M 0.02%
27,552
+100
+0.4% +$15.3K
POOL icon
474
Pool Corp
POOL
$7.5B
$3.68M 0.02%
11,989
-400
-3% -$145K
SJM icon
475
J.M. Smucker
SJM
$12.8B
$3.66M 0.02%
33,561
+100
+0.3% +$11.3K
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
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.