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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
TPR icon
526
Tapestry
TPR
$32.8B
$2.98M 0.02%
62,799
+100
+0.2% +$4.29K
SWAV
527
DELISTED
Shockwave Medical, Inc. Common Stock
SWAV
$2.96M 0.02%
9,100
+200
+2% +$49.1K
FBIN icon
528
Fortune Brands Innovations
FBIN
$5.97B
$2.95M 0.02%
34,842
+700
+2% +$55.6K
ELS icon
529
Equity Lifestyle Properties
ELS
$12.6B
$2.95M 0.02%
45,800
+1,100
+2% +$73.8K
RRX icon
530
Regal Rexnord
RRX
$11.6B
$2.94M 0.02%
16,301
+400
+3% +$62.3K
IBKR icon
531
Interactive Brokers
IBKR
$40.6B
$2.94M 0.02%
105,116
+2,400
+2% +$59.8K
TFX icon
532
Teleflex
TFX
$5.9B
$2.92M 0.02%
12,917
+100
+0.8% +$23.8K
CASY icon
533
Casey's General Stores
CASY
$31.3B
$2.9M 0.02%
9,121
+200
+2% +$58.4K
INCY icon
534
Incyte
INCY
$24.6B
$2.9M 0.02%
50,959
– –
WMS icon
535
Advanced Drainage Systems
WMS
$10.8B
$2.89M 0.02%
16,800
+400
+2% +$60.2K
BWA icon
536
BorgWarner
BWA
$14B
$2.89M 0.02%
83,182
-1,400
-2% -$45.8K
CPT icon
537
Camden Property Trust
CPT
$10.9B
$2.88M 0.02%
29,300
+100
+0.3% +$9.68K
AMH icon
538
American Homes 4 Rent
AMH
$12.3B
$2.87M 0.02%
+78,100
New +$2.79M
EXE
539
Expand Energy Corp
EXE
$22.8B
$2.86M 0.02%
32,200
+600
+2% +$48.2K
KNSL icon
540
Kinsale Capital Group
KNSL
$8.57B
$2.86M 0.02%
5,445
+200
+4% +$90.3K
PFGC icon
541
Performance Food Group
PFGC
$17.9B
$2.85M 0.02%
38,203
+900
+2% +$66.2K
DAY
542
DELISTED
Dayforce
DAY
$2.83M 0.02%
42,810
+100
+0.2% +$6.83K
UTHR icon
543
United Therapeutics
UTHR
$22.6B
$2.81M 0.02%
12,232
+300
+3% +$67.7K
CTLT
544
DELISTED
CATALENT, INC.
CTLT
$2.79M 0.02%
49,483
+100
+0.2% +$5.42K
HIMS icon
545
Hims & Hers Health
HIMS
$7.08B
$2.78M 0.02%
+180,000
New +$2.03M
HRL icon
546
Hormel Foods
HRL
$13.5B
$2.77M 0.01%
79,375
+100
+0.1% +$3.19K
FIX icon
547
Comfort Systems
FIX
$59.6B
$2.76M 0.01%
8,700
+100
+1% +$25.5K
AAL icon
548
American Airlines Group
AAL
$10.2B
$2.75M 0.01%
179,305
+400
+0.2% +$5.8K
EWBC icon
549
East-West Bancorp
EWBC
$18.1B
$2.74M 0.01%
34,622
+800
+2% +$58.6K
ITT icon
550
ITT
ITT
$19.5B
$2.74M 0.01%
20,129
+400
+2% +$49.6K
20 21
22
23 24

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.