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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
HD icon
26
Home Depot
HD
$355B
$122M 0.6%
300,084
-1,300
-0.4% -$474K
NEE icon
27
NextEra Energy
NEE
$177B
$119M 0.59%
1,412,498
-1,400,200
-50% -$109M
JNJ icon
28
Johnson & Johnson
JNJ
$625B
$112M 0.55%
689,967
-3,500
-0.5% -$558K
PG icon
29
Procter & Gamble
PG
$339B
$111M 0.55%
641,137
-5,200
-0.8% -$883K
NFLX icon
30
Netflix
NFLX
$309B
$111M 0.55%
1,561,490
+28,000
+2% +$1.87M
TDG icon
31
TransDigm Group
TDG
$67.7B
$109M 0.54%
76,292
– –
ISRG icon
32
Intuitive Surgical
ISRG
$134B
$98.8M 0.49%
201,053
+3,400
+2% +$1.58M
WMT icon
33
Walmart Inc
WMT
$890B
$95.5M 0.47%
1,182,920
+13,000
+1% +$955K
RITM icon
34
Rithm Capital
RITM
$5.69B
$95.4M 0.47%
8,404,734
– –
ABBV icon
35
AbbVie
ABBV
$435B
$95M 0.47%
481,008
-2,600
-0.5% -$485K
ADBE icon
36
Adobe
ADBE
$105B
$92M 0.46%
177,623
-1,900
-1% -$1.04M
TMO icon
37
Thermo Fisher Scientific
TMO
$220B
$87.8M 0.44%
142,010
-500
-0.4% -$296K
BRK.A icon
38
Berkshire Hathaway Class A
BRK.A
$1.12T
$80.2M 0.4%
116
– –
KO icon
39
Coca-Cola
KO
$375B
$80M 0.4%
1,113,648
-5,500
-0.5% -$377K
MRK icon
40
Merck
MRK
$318B
$78.4M 0.39%
690,290
-3,400
-0.5% -$404K
BAC icon
41
Bank of America
BAC
$442B
$77.2M 0.38%
1,946,612
-24,800
-1% -$994K
BURL icon
42
Burlington
BURL
$23.2B
$76.3M 0.38%
289,400
+108,700
+60% +$28.1M
CSCO icon
43
Cisco
CSCO
$479B
$75.8M 0.38%
1,423,366
-11,800
-0.8% -$574K
ORCL icon
44
Oracle
ORCL
$423B
$74.2M 0.37%
435,332
-1,300
-0.3% -$188K
CRM icon
45
Salesforce
CRM
$158B
$72.2M 0.36%
263,943
-2,100
-0.8% -$538K
CVX icon
46
Chevron
CVX
$366B
$68.2M 0.34%
463,215
-6,200
-1% -$923K
PEP icon
47
PepsiCo
PEP
$190B
$66.5M 0.33%
391,222
-2,400
-0.6% -$412K
LIN icon
48
Linde
LIN
$226B
$65.4M 0.32%
137,204
-700
-0.5% -$319K
IBM icon
49
IBM
IBM
$224B
$64.8M 0.32%
293,186
-700
-0.2% -$137K
ACN icon
50
Accenture
ACN
$108B
$64.4M 0.32%
182,138
-1,700
-0.9% -$559K
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 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.