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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
EVRG icon
476
Evergy
EVRG
$18.8B
$3.8M 0.02%
71,281
+100
+0.1% +$5.11K
CRL icon
477
Charles River Laboratories
CRL
$13.3B
$3.8M 0.02%
14,030
– –
SAIA icon
478
Saia
SAIA
$9.52B
$3.79M 0.02%
6,486
+100
+2% +$52.3K
P
479
Everpure Inc
P
$34.6B
$3.79M 0.02%
+72,900
New +$3.25M
KMX icon
480
CarMax
KMX
$8.31B
$3.77M 0.02%
43,248
-200
-0.5% -$15.1K
AMCR icon
481
Amcor
AMCR
$21.8B
$3.77M 0.02%
79,195
+60
+0.1% +$2.81K
RPM icon
482
RPM International
RPM
$14.9B
$3.76M 0.02%
31,618
+700
+2% +$77.8K
QRVO icon
483
Qorvo
QRVO
$8.66B
$3.72M 0.02%
32,419
-200
-0.6% -$22K
JKHY icon
484
Jack Henry & Associates
JKHY
$11.1B
$3.7M 0.02%
21,316
– –
DKS icon
485
Dick's Sporting Goods
DKS
$18.6B
$3.68M 0.02%
16,370
-500
-3% -$85.4K
BURL icon
486
Burlington
BURL
$23.1B
$3.65M 0.02%
15,700
+100
+0.6% +$20.4K
FFIV icon
487
F5
FFIV
$23.4B
$3.64M 0.02%
19,188
-200
-1% -$36.9K
DOC icon
488
Healthpeak Properties
DOC
$14.2B
$3.64M 0.02%
193,993
+44,200
+30% +$803K
LECO icon
489
Lincoln Electric
LECO
$15.5B
$3.6M 0.02%
14,089
+400
+3% +$94.5K
KIM icon
490
Kimco Realty
KIM
$16.1B
$3.58M 0.02%
182,533
+12,800
+8% +$255K
WSO icon
491
Watsco Inc
WSO
$13.5B
$3.58M 0.02%
8,283
-400
-5% -$161K
FNF icon
492
Fidelity National Financial
FNF
$12.9B
$3.57M 0.02%
67,200
+1,500
+2% +$75.6K
IPG
493
DELISTED
Interpublic Group of Companies
IPG
$3.57M 0.02%
109,292
+100
+0.1% +$3.24K
RVTY icon
494
Revvity
RVTY
$12.9B
$3.55M 0.02%
33,838
+100
+0.3% +$10.6K
MGM icon
495
MGM Resorts International
MGM
$11B
$3.53M 0.02%
74,844
– –
LNT icon
496
Alliant Energy
LNT
$17.5B
$3.53M 0.02%
69,959
+100
+0.1% +$4.9K
XPO icon
497
XPO
XPO
$23.5B
$3.48M 0.02%
28,542
+700
+3% +$74.9K
HII icon
498
Huntington Ingalls Industries
HII
$13.1B
$3.47M 0.02%
11,890
-100
-0.8% -$27.5K
BLD
499
DELISTED
TopBuild
BLD
$3.42M 0.02%
7,757
+100
+1% +$39.1K
UHS icon
500
Universal Health Services
UHS
$10B
$3.41M 0.02%
18,674
– –
18 19
20
21 22

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
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
OAG
Orbis Allan Gray Hamilton, Bermuda $23.7B AUM 65.43% 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.