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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
LYV icon
476
Live Nation Entertainment
LYV
$43B
$3.66M 0.02%
39,011
+100
+0.3% +$9.45K
LKQ icon
477
LKQ Corp
LKQ
$6.22B
$3.61M 0.02%
86,883
-1,200
-1% -$53.7K
OVV icon
478
Ovintiv
OVV
$17.6B
$3.61M 0.02%
77,000
-2,800
-4% -$141K
SRPT icon
479
Sarepta Therapeutics
SRPT
$1.81B
$3.6M 0.02%
+22,800
New +$2.93M
LNT icon
480
Alliant Energy
LNT
$17.7B
$3.58M 0.02%
70,259
+300
+0.4% +$15.1K
SWK icon
481
Stanley Black & Decker
SWK
$15.5B
$3.57M 0.02%
44,731
+2,700
+6% +$238K
JBHT icon
482
JB Hunt Transport Services
JBHT
$25B
$3.57M 0.02%
22,295
– –
KIM icon
483
Kimco Realty
KIM
$16.2B
$3.56M 0.02%
182,733
+200
+0.1% +$3.75K
RVTY icon
484
Revvity
RVTY
$12.9B
$3.55M 0.02%
33,838
– –
JKHY icon
485
Jack Henry & Associates
JKHY
$11B
$3.54M 0.02%
21,316
– –
NI icon
486
NiSource
NI
$20B
$3.54M 0.02%
122,769
+9,500
+8% +$268K
PNR icon
487
Pentair
PNR
$10.7B
$3.49M 0.02%
45,464
+200
+0.4% +$16.1K
GGG icon
488
Graco
GGG
$13.5B
$3.47M 0.02%
43,764
-700
-2% -$58.6K
CPT icon
489
Camden Property Trust
CPT
$11B
$3.45M 0.02%
31,600
+2,300
+8% +$238K
NDSN icon
490
Nordson
NDSN
$17.2B
$3.44M 0.02%
14,851
– –
AES icon
491
AES
AES
$10.5B
$3.42M 0.02%
194,595
+11,100
+6% +$211K
UDR icon
492
UDR
UDR
$12.1B
$3.41M 0.02%
82,945
– –
CASY icon
493
Casey's General Stores
CASY
$31.6B
$3.4M 0.02%
8,921
-200
-2% -$66.7K
UHS icon
494
Universal Health Services
UHS
$10.5B
$3.4M 0.02%
18,374
-300
-2% -$53.1K
EMN icon
495
Eastman Chemical
EMN
$8.39B
$3.39M 0.02%
34,568
+600
+2% +$59.5K
RBA icon
496
RB Global
RBA
$17.4B
$3.38M 0.02%
+44,300
New +$3.32M
FFIV icon
497
F5
FFIV
$23.2B
$3.37M 0.02%
19,588
+400
+2% +$69.9K
NBIX icon
498
Neurocrine Biosciences
NBIX
$16.8B
$3.34M 0.02%
24,281
-200
-0.8% -$27.4K
RPM icon
499
RPM International
RPM
$14.8B
$3.34M 0.02%
31,018
-600
-2% -$66.4K
LW icon
500
Lamb Weston
LW
$7.12B
$3.32M 0.02%
39,532
-1,800
-4% -$154K
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
DSA
Davis Selected Advisers Tucson, Arizona $21.8B AUM 23.45% 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

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.