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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
TRMB icon
476
Trimble
TRMB
$13.6B
$4.13M 0.02%
66,523
-400
-0.6% -$22.3K
DPZ icon
477
Domino's
DPZ
$11.5B
$4.08M 0.02%
9,480
-100
-1% -$43.5K
SJM icon
478
J.M. Smucker
SJM
$12.6B
$4.05M 0.02%
33,461
-100
-0.3% -$11.8K
CE icon
479
Celanese
CE
$4.88B
$4.05M 0.02%
29,752
+2,200
+8% +$289K
FNF icon
480
Fidelity National Financial
FNF
$12.9B
$4.03M 0.02%
65,000
-800
-1% -$44.9K
RS icon
481
Reliance Steel & Aluminium
RS
$21.9B
$3.99M 0.02%
13,797
-700
-5% -$200K
ERIE icon
482
Erie Indemnity
ERIE
$13.2B
$3.96M 0.02%
7,332
+800
+12% +$364K
HST icon
483
Host Hotels & Resorts
HST
$15.5B
$3.9M 0.02%
221,829
-1,800
-0.8% -$31.3K
NDSN icon
484
Nordson
NDSN
$17.2B
$3.9M 0.02%
14,851
– –
AES icon
485
AES
AES
$10.5B
$3.88M 0.02%
193,595
-1,000
-0.5% -$17.7K
CPT icon
486
Camden Property Trust
CPT
$11B
$3.88M 0.02%
31,400
-200
-0.6% -$23.7K
DLTR icon
487
Dollar Tree
DLTR
$24.9B
$3.87M 0.02%
55,069
-1,700
-3% -$155K
EMN icon
488
Eastman Chemical
EMN
$8.39B
$3.83M 0.02%
34,168
-400
-1% -$40K
THC icon
489
Tenet Healthcare
THC
$20.9B
$3.79M 0.02%
22,793
-700
-3% -$106K
DT icon
490
Dynatrace
DT
$14.6B
$3.78M 0.02%
70,700
+12,800
+22% +$609K
JBHT icon
491
JB Hunt Transport Services
JBHT
$25B
$3.77M 0.02%
21,895
-400
-2% -$67.2K
GGG icon
492
Graco
GGG
$13.5B
$3.77M 0.02%
43,064
-700
-2% -$57.4K
TOL icon
493
Toll Brothers
TOL
$14B
$3.76M 0.02%
24,326
-800
-3% -$108K
JKHY icon
494
Jack Henry & Associates
JKHY
$11B
$3.75M 0.02%
21,216
-100
-0.5% -$16.9K
UDR icon
495
UDR
UDR
$12.1B
$3.71M 0.02%
81,745
-1,200
-1% -$51.4K
RPM icon
496
RPM International
RPM
$14.8B
$3.7M 0.02%
30,618
-400
-1% -$46.3K
P
497
Everpure Inc
P
$32.6B
$3.69M 0.02%
73,400
-200
-0.3% -$11.3K
IBKR icon
498
Interactive Brokers
IBKR
$41.1B
$3.61M 0.02%
103,516
+400
+0.4% +$12.4K
USFD icon
499
US Foods
USFD
$23.9B
$3.57M 0.02%
58,100
+3,600
+7% +$201K
TAP icon
500
Molson Coors Class B
TAP
$7.93B
$3.54M 0.02%
61,570
-2,000
-3% -$107K
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 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.