We are live on ! Find out more
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
RGA icon
501
Reinsurance Group of America
RGA
$16B
$3.25M 0.02%
15,852
-300
-2% -$59.9K
FNF icon
502
Fidelity National Financial
FNF
$13.2B
$3.25M 0.02%
65,800
-1,400
-2% -$70.5K
EQH icon
503
Equitable Holdings
EQH
$14.4B
$3.24M 0.02%
79,286
-5,200
-6% -$204K
TAP icon
504
Molson Coors Class B
TAP
$7.82B
$3.23M 0.02%
63,570
-500
-0.8% -$28.9K
KMX icon
505
CarMax
KMX
$8.39B
$3.16M 0.02%
43,148
-100
-0.2% -$7.21K
IBKR icon
506
Interactive Brokers
IBKR
$40.7B
$3.16M 0.02%
103,116
-2,000
-2% -$59.7K
WBA
507
DELISTED
Walgreens Boots Alliance
WBA
$3.16M 0.02%
261,200
+10,100
+4% +$171K
IPG
508
DELISTED
Interpublic Group of Companies
IPG
$3.14M 0.02%
107,792
-1,500
-1% -$46.2K
THC icon
509
Tenet Healthcare
THC
$21B
$3.13M 0.02%
23,493
-1,400
-6% -$169K
TECH icon
510
Bio-Techne
TECH
$11.3B
$3.09M 0.02%
43,144
+100
+0.2% +$7.36K
ALB icon
511
Albemarle
ALB
$15.6B
$3.08M 0.02%
32,207
-3,300
-9% -$392K
NVT icon
512
nVent Electric
NVT
$26.9B
$3.06M 0.02%
40,006
-700
-2% -$54.3K
MGM icon
513
MGM Resorts International
MGM
$11B
$3.05M 0.02%
68,744
-6,100
-8% -$255K
SAIA icon
514
Saia
SAIA
$9.61B
$3.03M 0.02%
6,386
-100
-2% -$46.6K
DKS icon
515
Dick's Sporting Goods
DKS
$18.9B
$3.02M 0.02%
14,070
-2,300
-14% -$479K
EPAM icon
516
EPAM Systems
EPAM
$4.95B
$3M 0.02%
15,927
+100
+0.6% +$21.3K
WING icon
517
Wingstop
WING
$3.18B
$2.99M 0.02%
7,072
-200
-3% -$76.9K
XPO icon
518
XPO
XPO
$23.5B
$2.98M 0.02%
28,042
-500
-2% -$56.1K
MOS icon
519
The Mosaic Company
MOS
$7.18B
$2.96M 0.02%
102,576
+1,500
+1% +$45.2K
GLPI icon
520
Gaming and Leisure Properties
GLPI
$12.5B
$2.96M 0.02%
65,400
-200
-0.3% -$8.83K
BLD
521
DELISTED
TopBuild
BLD
$2.95M 0.02%
7,657
-100
-1% -$40.8K
HII icon
522
Huntington Ingalls Industries
HII
$12.9B
$2.93M 0.02%
11,890
– –
ELS icon
523
Equity Lifestyle Properties
ELS
$12.5B
$2.92M 0.02%
44,900
-900
-2% -$56.4K
CRL icon
524
Charles River Laboratories
CRL
$12.8B
$2.92M 0.02%
14,130
+100
+0.7% +$22.7K
WPC icon
525
W.P. Carey
WPC
$16B
$2.9M 0.01%
52,700
-1,000
-2% -$56.4K
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
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 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.