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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
+3.97%
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
$19.2B
AUM Growth
-$930M
Cap. Flow
-$1.27B
Cap. Flow %
-6.6%
Top 10 Hldgs %
36.92%
Holding
967
New
17
Increased
176
Reduced
601
Closed
16

Top Buys

Rank Stock Value
1
CI icon
Cigna
CI
+$47.8M
2
HUBS icon
HubSpot
HUBS
+$32M
3
XYZ
Block Inc
XYZ
+$24.7M
4
AMZN icon
Amazon
AMZN
+$20.7M
5
CVS icon
CVS Health
CVS
+$19.9M

Top Sells

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$594M
2
AGG icon
iShares Core US Aggregate Bond ETF
AGG
+$419M
3
T icon
AT&T
T
+$261M
4
MSFT icon
Microsoft
MSFT
+$42.8M
5
NVDA icon
NVIDIA
NVDA
+$35.2M

Sector Composition

Rank Sector Weight
1 Technology 29.57%
2 Financials 10.76%
3 Consumer Discretionary 10.46%
4 Healthcare 9.52%
5 Communication Services 9.33%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
RS icon
501
Reliance Steel & Aluminium
RS
$21.9B
$3.55M 0.02%
13,197
-600
-4% -$178K
UDR icon
502
UDR
UDR
$12.1B
$3.54M 0.02%
81,445
-300
-0.4% -$13.3K
FLEX icon
503
Flex
FLEX
$44.2B
$3.52M 0.02%
+91,800
New +$3.4M
CASY icon
504
Casey's General Stores
CASY
$31.6B
$3.5M 0.02%
8,821
– –
COHR icon
505
Coherent
COHR
$63.6B
$3.47M 0.02%
36,606
+200
+0.5% +$20K
FOXA icon
506
Fox Class A
FOXA
$26.6B
$3.44M 0.02%
70,912
-6,600
-9% -$297K
KMX icon
507
CarMax
KMX
$8.34B
$3.44M 0.02%
42,048
-500
-1% -$39.3K
AVTR icon
508
Avantor
AVTR
$9.29B
$3.4M 0.02%
161,200
-200
-0.1% -$4.5K
ACM icon
509
Aecom
ACM
$9.42B
$3.39M 0.02%
31,776
-100
-0.3% -$10.9K
RGA icon
510
Reinsurance Group of America
RGA
$15.8B
$3.32M 0.02%
15,552
-100
-0.6% -$21.8K
CHRW icon
511
C.H. Robinson
CHRW
$17.3B
$3.32M 0.02%
32,092
+200
+0.6% +$21.5K
REG icon
512
Regency Centers
REG
$13.9B
$3.28M 0.02%
44,304
-200
-0.4% -$14.6K
NBIX icon
513
Neurocrine Biosciences
NBIX
$16.8B
$3.27M 0.02%
23,981
– –
UHS icon
514
Universal Health Services
UHS
$10.5B
$3.22M 0.02%
17,974
-300
-2% -$61.1K
OVV icon
515
Ovintiv
OVV
$17.6B
$3.19M 0.02%
78,800
-900
-1% -$37.5K
LKQ icon
516
LKQ Corp
LKQ
$6.22B
$3.19M 0.02%
86,783
+1,300
+2% +$49.7K
CW icon
517
Curtiss-Wright
CW
$25.6B
$3.18M 0.02%
8,961
-100
-1% -$36K
EWBC icon
518
East-West Bancorp
EWBC
$18.1B
$3.14M 0.02%
32,822
-100
-0.3% -$9.81K
GLPI icon
519
Gaming and Leisure Properties
GLPI
$12.5B
$3.13M 0.02%
65,000
-100
-0.2% -$5.01K
DKS icon
520
Dick's Sporting Goods
DKS
$19.2B
$3.13M 0.02%
13,670
-100
-0.7% -$21K
APA icon
521
APA Corp
APA
$14.4B
$3.13M 0.02%
135,373
-1,500
-1% -$35.1K
PFGC icon
522
Performance Food Group
PFGC
$17.9B
$3.12M 0.02%
36,903
-100
-0.3% -$8.44K
EMN icon
523
Eastman Chemical
EMN
$8.39B
$3.11M 0.02%
34,068
-100
-0.3% -$10.3K
DAY
524
DELISTED
Dayforce
DAY
$3.11M 0.02%
42,810
-200
-0.5% -$14.5K
TECH icon
525
Bio-Techne
TECH
$11.2B
$3.11M 0.02%
43,144
+200
+0.5% +$14.7K
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 Q4 2024 Portfolio in Review

As of Q4 2024, State of Michigan Retirement System held 967 positions worth $19.2B, down 4.6% from $20.2B the previous quarter. Its ten largest holdings account for 37% of the portfolio.

State of Michigan Retirement System withdrew a net $1.27B in Q4 2024, closing 16 positions and reducing 601 holdings. Its most notable exit was iShares Core US Aggregate Bond ETF, an estimated $419M position sold in full.

By sector, the portfolio is most concentrated in Technology at 30% of assets, up from 27% a quarter earlier, followed by Financials and Consumer Discretionary.

Against the trend, State of Michigan Retirement System opened a new position in Apollo Global Management worth $20M.

  • State of Michigan Retirement System's largest Q4 2024 buy was Apollo Global Management: 121,300 shares worth $20M.
  • State of Michigan Retirement System added most to Cigna in Q4 2024, an estimated $47.8M increase.
  • State of Michigan Retirement System's biggest Q4 2024 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $594M.
  • State of Michigan Retirement System fully exited iShares Core US Aggregate Bond ETF in Q4 2024, selling an estimated $419M.
  • State of Michigan Retirement System's ten largest holdings make up 37% of its $19.2B portfolio in Q4 2024.
  • State of Michigan Retirement System opened 17 new positions and closed 16 in Q4 2024.
  • State of Michigan Retirement System's portfolio value fell 4.6% quarter-over-quarter to $19.2B.

Based on State of Michigan Retirement System's 13F filing for Q4 2024, filed 6 Feb 2025.