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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
HD icon
26
Home Depot
HD
$355B
$116M 0.62%
302,684
-8,100
-3% -$2.96M
COST icon
27
Costco
COST
$420B
$116M 0.62%
157,969
+30,400
+24% +$21.7M
ADBE icon
28
Adobe
ADBE
$105B
$113M 0.61%
223,623
-900
-0.4% -$516K
INTU icon
29
Intuit
INTU
$89B
$109M 0.59%
167,590
– –
JNJ icon
30
Johnson & Johnson
JNJ
$625B
$108M 0.58%
685,767
+500
+0.1% +$79.6K
PG icon
31
Procter & Gamble
PG
$339B
$105M 0.56%
644,737
-500
-0.1% -$78.4K
BMY icon
32
Bristol-Myers Squibb
BMY
$132B
$104M 0.56%
1,924,733
+1,300,400
+208% +$66.2M
DIS icon
33
Walt Disney
DIS
$181B
$95.8M 0.51%
782,566
+31,600
+4% +$3.3M
TDG icon
34
TransDigm Group
TDG
$67.7B
$93.8M 0.5%
76,192
– –
RITM icon
35
Rithm Capital
RITM
$5.69B
$93.8M 0.5%
8,404,734
– –
NFLX icon
36
Netflix
NFLX
$309B
$93M 0.5%
1,531,490
+187,000
+14% +$10.5M
MRK icon
37
Merck
MRK
$318B
$91.6M 0.49%
694,290
+500
+0.1% +$61.6K
ABBV icon
38
AbbVie
ABBV
$435B
$91M 0.49%
499,908
+300
+0.1% +$51.7K
TMO icon
39
Thermo Fisher Scientific
TMO
$220B
$83.6M 0.45%
143,910
+100
+0.1% +$56.1K
CRM icon
40
Salesforce
CRM
$158B
$79.9M 0.43%
265,243
-1,100
-0.4% -$317K
ISRG icon
41
Intuitive Surgical
ISRG
$134B
$78.6M 0.42%
197,053
-19,800
-9% -$7.48M
BAC icon
42
Bank of America
BAC
$442B
$75.2M 0.4%
1,982,612
+1,400
+0.1% +$48.1K
CVX icon
43
Chevron
CVX
$366B
$75M 0.4%
475,215
-5,400
-1% -$815K
CRWD icon
44
CrowdStrike
CRWD
$218B
$74.9M 0.4%
934,572
+2,572
+0.3% +$197K
APO icon
45
Apollo Global Management
APO
$73.4B
$74.8M 0.4%
665,000
-500,658
-43% -$52.8M
BRK.A icon
46
Berkshire Hathaway Class A
BRK.A
$1.12T
$73.6M 0.4%
116
– –
MSCI icon
47
MSCI
MSCI
$40.9B
$70.7M 0.38%
126,102
– –
WMT icon
48
Walmart Inc
WMT
$890B
$70.6M 0.38%
1,172,820
+1,200
+0.1% +$68.7K
PEP icon
49
PepsiCo
PEP
$190B
$69.1M 0.37%
394,922
-99,800
-20% -$16.8M
CSCO icon
50
Cisco
CSCO
$479B
$69.1M 0.37%
1,384,166
+4,400
+0.3% +$220K
1
2
3 4 5

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 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.