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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
POOL icon
451
Pool Corp
POOL
$7.27B
$4.48M 0.02%
11,889
-100
-0.8% -$34.6K
EVRG icon
452
Evergy
EVRG
$18.9B
$4.48M 0.02%
72,181
-300
-0.4% -$17.5K
SLP icon
453
Simulations Plus
SLP
$371M
$4.47M 0.02%
139,500
– –
J icon
454
Jacobs Solutions
J
$17.2B
$4.46M 0.02%
34,440
-7,026
-17% -$847K
AMCR icon
455
Amcor
AMCR
$21.8B
$4.46M 0.02%
78,715
-460
-0.6% -$24.4K
PODD icon
456
Insulet
PODD
$9.91B
$4.45M 0.02%
19,100
-100
-0.5% -$20.5K
ENPH icon
457
Enphase Energy
ENPH
$5.41B
$4.43M 0.02%
39,215
-300
-0.8% -$33.5K
IEX icon
458
IDEX
IEX
$17.2B
$4.41M 0.02%
20,580
-200
-1% -$40.3K
PNR icon
459
Pentair
PNR
$10.7B
$4.41M 0.02%
45,064
-400
-0.9% -$34.2K
DOC icon
460
Healthpeak Properties
DOC
$14.4B
$4.38M 0.02%
191,693
-1,000
-0.5% -$21.6K
OC icon
461
Owens Corning
OC
$12.2B
$4.38M 0.02%
24,788
-300
-1% -$50.5K
WSO icon
462
Watsco Inc
WSO
$13.5B
$4.37M 0.02%
8,883
+600
+7% +$288K
JBL icon
463
Jabil
JBL
$35.3B
$4.35M 0.02%
36,300
-2,100
-5% -$228K
VRSN icon
464
VeriSign
VRSN
$26.5B
$4.35M 0.02%
22,879
-900
-4% -$162K
RVTY icon
465
Revvity
RVTY
$12.9B
$4.3M 0.02%
33,638
-200
-0.6% -$23.5K
FFIV icon
466
F5
FFIV
$23.2B
$4.29M 0.02%
19,488
-100
-0.5% -$19.4K
JNPR
467
DELISTED
Juniper Networks
JNPR
$4.29M 0.02%
110,024
+700
+0.6% +$26.7K
KIM icon
468
Kimco Realty
KIM
$16.2B
$4.26M 0.02%
183,633
+900
+0.5% +$19.9K
LNT icon
469
Alliant Energy
LNT
$17.7B
$4.24M 0.02%
69,859
-400
-0.6% -$22.7K
NI icon
470
NiSource
NI
$20B
$4.23M 0.02%
122,169
-600
-0.5% -$19.1K
BG icon
471
Bunge Global
BG
$21.6B
$4.19M 0.02%
43,400
-200
-0.5% -$20.5K
L icon
472
Loews
L
$23.3B
$4.19M 0.02%
53,052
-100
-0.2% -$7.84K
UHS icon
473
Universal Health Services
UHS
$10.5B
$4.18M 0.02%
18,274
-100
-0.5% -$21.5K
AVTR icon
474
Avantor
AVTR
$9.29B
$4.18M 0.02%
+161,400
New +$3.96M
ROL icon
475
Rollins
ROL
$17.9B
$4.16M 0.02%
82,258
-400
-0.5% -$19.8K
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 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.