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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
EMN icon
501
Eastman Chemical
EMN
$8.56B
$3.4M 0.02%
33,968
-300
-0.9% -$26.4K
FND icon
502
Floor & Decor
FND
$6.45B
$3.4M 0.02%
26,200
+600
+2% +$68.1K
NBIX icon
503
Neurocrine Biosciences
NBIX
$16.6B
$3.38M 0.02%
24,481
+900
+4% +$123K
TOL icon
504
Toll Brothers
TOL
$14.2B
$3.32M 0.02%
25,626
-200
-0.8% -$21.8K
AES icon
505
AES
AES
$10.5B
$3.29M 0.02%
183,495
+200
+0.1% +$3.34K
MOS icon
506
The Mosaic Company
MOS
$7.44B
$3.28M 0.02%
101,076
– –
PODD icon
507
Insulet
PODD
$9.97B
$3.27M 0.02%
19,100
– –
ACM icon
508
Aecom
ACM
$8.75B
$3.27M 0.02%
33,376
+100
+0.3% +$9.04K
ALLE icon
509
Allegion
ALLE
$14.3B
$3.24M 0.02%
24,028
– –
EQH icon
510
Equitable Holdings
EQH
$14B
$3.21M 0.02%
84,486
+800
+1% +$27.2K
CLF icon
511
Cleveland-Cliffs
CLF
$7.25B
$3.14M 0.02%
138,027
+1,200
+0.9% +$23.8K
NI icon
512
NiSource
NI
$19.9B
$3.13M 0.02%
113,269
+100
+0.1% +$2.63K
RGA icon
513
Reinsurance Group of America
RGA
$16B
$3.12M 0.02%
16,152
+300
+2% +$52.3K
UDR icon
514
UDR
UDR
$12B
$3.1M 0.02%
82,945
+100
+0.1% +$3.68K
BBWI icon
515
Bath & Body Works
BBWI
$3.88B
$3.09M 0.02%
61,871
-400
-0.6% -$18K
NVT icon
516
nVent Electric
NVT
$27.2B
$3.07M 0.02%
40,706
+900
+2% +$57.8K
RPT
517
Rithm Property Trust
RPT
$96M
$3.06M 0.02%
134,194
– –
DINO icon
518
HF Sinclair
DINO
$15.2B
$3.05M 0.02%
50,600
+700
+1% +$39.8K
RNR icon
519
RenaissanceRe
RNR
$13.2B
$3.05M 0.02%
12,965
+400
+3% +$88.8K
ALLY icon
520
Ally Financial
ALLY
$13.4B
$3.04M 0.02%
74,964
+1,600
+2% +$58.4K
WPC icon
521
W.P. Carey
WPC
$16B
$3.03M 0.02%
53,700
+1,200
+2% +$71.8K
TECH icon
522
Bio-Techne
TECH
$11.2B
$3.03M 0.02%
43,044
-300
-0.7% -$21.5K
GLPI icon
523
Gaming and Leisure Properties
GLPI
$12.4B
$3.02M 0.02%
65,600
+1,500
+2% +$69K
AOS icon
524
A.O. Smith
AOS
$8.65B
$3.01M 0.02%
33,633
– –
USFD icon
525
US Foods
USFD
$24.2B
$3M 0.02%
55,500
+1,200
+2% +$59.1K
19 20
21
22 23

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.