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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
EXPD icon
451
Expeditors International
EXPD
$23.3B
$4.45M 0.02%
40,208
-800
-2% -$95.5K
AKAM icon
452
Akamai
AKAM
$16.9B
$4.44M 0.02%
46,389
+1,500
+3% +$147K
PFG icon
453
Principal Financial Group
PFG
$24.4B
$4.42M 0.02%
57,080
-900
-2% -$75.8K
CF icon
454
CF Industries
CF
$18.4B
$4.42M 0.02%
51,754
-1,600
-3% -$138K
GPC icon
455
Genuine Parts
GPC
$18.5B
$4.41M 0.02%
37,729
-200
-0.5% -$25K
TXT icon
456
Textron
TXT
$15.3B
$4.37M 0.02%
57,071
-400
-0.7% -$33.5K
CAG icon
457
Conagra Brands
CAG
$7.07B
$4.36M 0.02%
157,101
+7,000
+5% +$199K
UTHR icon
458
United Therapeutics
UTHR
$22.7B
$4.32M 0.02%
12,232
-300
-2% -$110K
IEX icon
459
IDEX
IEX
$17.2B
$4.31M 0.02%
20,580
– –
EVRG icon
460
Evergy
EVRG
$18.9B
$4.3M 0.02%
69,781
-2,400
-3% -$148K
KIM icon
461
Kimco Realty
KIM
$16.2B
$4.29M 0.02%
182,933
-700
-0.4% -$17K
MAS icon
462
Masco
MAS
$14.7B
$4.25M 0.02%
58,517
-900
-2% -$72K
AVY icon
463
Avery Dennison
AVY
$13.5B
$4.23M 0.02%
22,587
-300
-1% -$61.2K
SMCI icon
464
Super Micro Computer
SMCI
$20.4B
$4.17M 0.02%
136,700
-691,300
-83% -$25.1M
OC icon
465
Owens Corning
OC
$12.2B
$4.14M 0.02%
24,288
-500
-2% -$93.4K
TPR icon
466
Tapestry
TPR
$33.3B
$4.13M 0.02%
63,199
+500
+0.8% +$27.3K
LNT icon
467
Alliant Energy
LNT
$17.7B
$4.12M 0.02%
69,659
-200
-0.3% -$12.1K
ARE icon
468
Alexandria Real Estate Equities
ARE
$8.32B
$4.12M 0.02%
42,218
-200
-0.5% -$21.9K
JNPR
469
DELISTED
Juniper Networks
JNPR
$4.12M 0.02%
109,924
-100
-0.1% -$3.78K
DLTR icon
470
Dollar Tree
DLTR
$24.9B
$4.11M 0.02%
54,869
-200
-0.4% -$13.7K
POOL icon
471
Pool Corp
POOL
$7.27B
$4.05M 0.02%
11,889
– –
BAX icon
472
Baxter International
BAX
$14.4B
$4.04M 0.02%
138,628
-300
-0.2% -$10.1K
HST icon
473
Host Hotels & Resorts
HST
$15.5B
$4.03M 0.02%
230,129
+8,300
+4% +$149K
ALGN icon
474
Align Technology
ALGN
$12.5B
$3.96M 0.02%
19,000
-100
-0.5% -$22.3K
RBA icon
475
RB Global
RBA
$17.4B
$3.94M 0.02%
43,700
– –
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 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.