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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
HD icon
26
Home Depot
HD
$355B
$117M 0.61%
299,584
-500
-0.2% -$204K
PG icon
27
Procter & Gamble
PG
$339B
$111M 0.58%
661,737
+20,600
+3% +$3.51M
WMT icon
28
Walmart Inc
WMT
$890B
$106M 0.55%
1,178,120
-4,800
-0.4% -$417K
ISRG icon
29
Intuitive Surgical
ISRG
$134B
$105M 0.55%
201,153
+100
+0% +$52.1K
NEE icon
30
NextEra Energy
NEE
$177B
$101M 0.53%
1,411,098
-1,400
-0.1% -$109K
JNJ icon
31
Johnson & Johnson
JNJ
$625B
$98.3M 0.51%
679,367
-10,600
-2% -$1.64M
TDG icon
32
TransDigm Group
TDG
$67.7B
$96.7M 0.5%
76,292
– –
RITM icon
33
Rithm Capital
RITM
$5.69B
$91M 0.47%
8,404,734
– –
CRM icon
34
Salesforce
CRM
$158B
$86.7M 0.45%
259,443
-4,500
-2% -$1.44M
ABBV icon
35
AbbVie
ABBV
$435B
$85.2M 0.44%
479,608
-1,400
-0.3% -$257K
BAC icon
36
Bank of America
BAC
$442B
$84.6M 0.44%
1,924,512
-22,100
-1% -$972K
BURL icon
37
Burlington
BURL
$23.2B
$82.5M 0.43%
289,300
-100
-0% -$27K
BRK.A icon
38
Berkshire Hathaway Class A
BRK.A
$1.12T
$79M 0.41%
116
– –
ADBE icon
39
Adobe
ADBE
$105B
$79M 0.41%
177,623
– –
CSCO icon
40
Cisco
CSCO
$479B
$77.7M 0.4%
1,312,462
-110,904
-8% -$6.33M
HUBS icon
41
HubSpot
HUBS
$10.5B
$74.1M 0.39%
106,400
+49,700
+88% +$32M
PLTR icon
42
Palantir
PLTR
$413B
$73.8M 0.38%
976,300
-85,100
-8% -$4.96M
ORCL icon
43
Oracle
ORCL
$423B
$72.7M 0.38%
436,232
+900
+0.2% +$160K
MRK icon
44
Merck
MRK
$318B
$71.6M 0.37%
719,590
+29,300
+4% +$3.02M
KO icon
45
Coca-Cola
KO
$375B
$68.1M 0.35%
1,093,348
-20,300
-2% -$1.33M
WFC icon
46
Wells Fargo
WFC
$264B
$67.2M 0.35%
956,849
-28,100
-3% -$1.92M
CVX icon
47
Chevron
CVX
$366B
$65.7M 0.34%
453,615
-9,600
-2% -$1.47M
CI icon
48
Cigna
CI
$74.6B
$65.1M 0.34%
235,741
+150,100
+175% +$47.8M
ACN icon
49
Accenture
ACN
$108B
$64.1M 0.33%
182,238
+100
+0.1% +$36K
IBM icon
50
IBM
IBM
$224B
$64M 0.33%
291,086
-2,100
-0.7% -$468K
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 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.