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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
IJH icon
26
iShares Core S&P Mid-Cap ETF
IJH
$127B
$119M 0.61%
2,036,610
+81,500
+4% +$4.79M
CVS icon
27
CVS Health
CVS
$122B
$118M 0.61%
2,005,677
+1,606,500
+402% +$100M
CRWD icon
28
CrowdStrike
CRWD
$218B
$114M 0.58%
1,184,800
+250,228
+27% +$20.8M
PG icon
29
Procter & Gamble
PG
$339B
$107M 0.55%
646,337
+1,600
+0.2% +$262K
HD icon
30
Home Depot
HD
$355B
$104M 0.53%
301,384
-1,300
-0.4% -$443K
NFLX icon
31
Netflix
NFLX
$309B
$103M 0.53%
1,533,490
+2,000
+0.1% +$125K
JNJ icon
32
Johnson & Johnson
JNJ
$625B
$101M 0.52%
693,467
+7,700
+1% +$1.15M
ADBE icon
33
Adobe
ADBE
$105B
$99.7M 0.51%
179,523
-44,100
-20% -$21.4M
TDG icon
34
TransDigm Group
TDG
$67.7B
$97.5M 0.5%
76,292
+100
+0.1% +$128K
VZ icon
35
Verizon
VZ
$196B
$95.3M 0.49%
2,309,750
-5,905,300
-72% -$238M
RITM icon
36
Rithm Capital
RITM
$5.69B
$91.7M 0.47%
8,404,734
– –
ISRG icon
37
Intuitive Surgical
ISRG
$134B
$87.9M 0.45%
197,653
+600
+0.3% +$239K
MRK icon
38
Merck
MRK
$318B
$85.9M 0.44%
693,690
-600
-0.1% -$77.3K
ABBV icon
39
AbbVie
ABBV
$435B
$82.9M 0.43%
483,608
-16,300
-3% -$2.7M
SMCI icon
40
Super Micro Computer
SMCI
$20.1B
$81.9M 0.42%
999,000
+332,000
+50% +$28.4M
WMT icon
41
Walmart Inc
WMT
$890B
$79.2M 0.41%
1,169,920
-2,900
-0.2% -$183K
TMO icon
42
Thermo Fisher Scientific
TMO
$220B
$78.8M 0.41%
142,510
-1,400
-1% -$802K
BAC icon
43
Bank of America
BAC
$442B
$78.4M 0.4%
1,971,412
-11,200
-0.6% -$429K
CVX icon
44
Chevron
CVX
$366B
$73.4M 0.38%
469,415
-5,800
-1% -$925K
KO icon
45
Coca-Cola
KO
$375B
$71.2M 0.37%
1,119,148
-900
-0.1% -$55.7K
BRK.A icon
46
Berkshire Hathaway Class A
BRK.A
$1.12T
$71M 0.37%
116
– –
CRM icon
47
Salesforce
CRM
$158B
$68.4M 0.35%
266,043
+800
+0.3% +$214K
CSCO icon
48
Cisco
CSCO
$479B
$68.2M 0.35%
1,435,166
+51,000
+4% +$2.42M
AMAT icon
49
Applied Materials
AMAT
$428B
$65.2M 0.34%
276,255
+4,900
+2% +$1.05M
PEP icon
50
PepsiCo
PEP
$190B
$64.9M 0.33%
393,622
-1,300
-0.3% -$224K
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 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.