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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
CHRW icon
501
C.H. Robinson
CHRW
$17.3B
$3.52M 0.02%
31,892
-200
-0.6% -$19.4K
RBA icon
502
RB Global
RBA
$17.4B
$3.52M 0.02%
43,700
-600
-1% -$48.7K
ALLE icon
503
Allegion
ALLE
$14.1B
$3.46M 0.02%
23,728
-200
-0.8% -$26.5K
TECH icon
504
Bio-Techne
TECH
$11.2B
$3.43M 0.02%
42,944
-200
-0.5% -$15K
EQH icon
505
Equitable Holdings
EQH
$14.4B
$3.42M 0.02%
81,486
+2,200
+3% +$90.3K
LKQ icon
506
LKQ Corp
LKQ
$6.22B
$3.41M 0.02%
85,483
-1,400
-2% -$57.7K
RGA icon
507
Reinsurance Group of America
RGA
$15.8B
$3.41M 0.02%
15,652
-200
-1% -$42.5K
IPG
508
DELISTED
Interpublic Group of Companies
IPG
$3.38M 0.02%
106,792
-1,000
-0.9% -$30.7K
RNR icon
509
RenaissanceRe
RNR
$13.2B
$3.37M 0.02%
12,365
-400
-3% -$96.5K
GLPI icon
510
Gaming and Leisure Properties
GLPI
$12.5B
$3.35M 0.02%
65,100
-300
-0.5% -$14.9K
APA icon
511
APA Corp
APA
$14.4B
$3.35M 0.02%
136,873
+2,200
+2% +$61.8K
CASY icon
512
Casey's General Stores
CASY
$31.6B
$3.31M 0.02%
8,821
-100
-1% -$37.4K
QRVO icon
513
Qorvo
QRVO
$8.56B
$3.31M 0.02%
32,019
-600
-2% -$67.4K
KMX icon
514
CarMax
KMX
$8.34B
$3.29M 0.02%
42,548
-600
-1% -$47.4K
ACM icon
515
Aecom
ACM
$9.42B
$3.29M 0.02%
31,876
-900
-3% -$84.5K
FOXA icon
516
Fox Class A
FOXA
$26.6B
$3.28M 0.02%
77,512
-2,100
-3% -$81.5K
FIX icon
517
Comfort Systems
FIX
$58.9B
$3.28M 0.02%
8,400
-200
-2% -$65.9K
WPC icon
518
W.P. Carey
WPC
$16.1B
$3.24M 0.02%
52,000
-700
-1% -$41.5K
COHR icon
519
Coherent
COHR
$63.6B
$3.24M 0.02%
36,406
+4,500
+14% +$336K
REG icon
520
Regency Centers
REG
$13.9B
$3.21M 0.02%
44,504
-500
-1% -$34.6K
BXP icon
521
Boston Properties
BXP
$10.8B
$3.18M 0.02%
39,557
– –
BMRN icon
522
BioMarin Pharmaceuticals
BMRN
$13.3B
$3.18M 0.02%
45,200
-500
-1% -$41.8K
TFX icon
523
Teleflex
TFX
$5.89B
$3.17M 0.02%
12,817
-100
-0.8% -$23.3K
ELS icon
524
Equity Lifestyle Properties
ELS
$12.5B
$3.16M 0.02%
44,300
-600
-1% -$42.1K
FND icon
525
Floor & Decor
FND
$6.3B
$3.15M 0.02%
25,400
-400
-2% -$41.6K
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
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.