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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
+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
TOL icon
526
Toll Brothers
TOL
$14B
$2.89M 0.01%
25,126
-500
-2% -$60.5K
ACM icon
527
Aecom
ACM
$9.42B
$2.89M 0.01%
32,776
-600
-2% -$54.7K
USFD icon
528
US Foods
USFD
$23.9B
$2.89M 0.01%
54,500
-1,000
-2% -$52.6K
AMH icon
529
American Homes 4 Rent
AMH
$12.3B
$2.88M 0.01%
77,500
-600
-0.8% -$21.6K
INCY icon
530
Incyte
INCY
$24.6B
$2.88M 0.01%
47,459
-3,500
-7% -$198K
RPT
531
Rithm Property Trust
RPT
$96M
$2.87M 0.01%
134,166
-28
-0% -$597
AOS icon
532
A.O. Smith
AOS
$8.48B
$2.87M 0.01%
35,133
+1,500
+4% +$127K
NWSA icon
533
News Corp Class A
NWSA
$15.4B
$2.86M 0.01%
103,854
-300
-0.3% -$7.75K
RNR icon
534
RenaissanceRe
RNR
$13.2B
$2.85M 0.01%
12,765
-200
-2% -$44.8K
ALLY icon
535
Ally Financial
ALLY
$13.3B
$2.85M 0.01%
71,864
-3,100
-4% -$121K
CHRW icon
536
C.H. Robinson
CHRW
$17.3B
$2.83M 0.01%
32,092
+100
+0.3% +$7.98K
ALLE icon
537
Allegion
ALLE
$14.1B
$2.83M 0.01%
23,928
-100
-0.4% -$12.3K
ELF icon
538
e.l.f. Beauty
ELF
$5.62B
$2.82M 0.01%
13,400
-200
-1% -$35.5K
BJ icon
539
BJs Wholesale Club
BJ
$12.3B
$2.81M 0.01%
32,015
-700
-2% -$56.7K
REG icon
540
Regency Centers
REG
$13.9B
$2.8M 0.01%
45,004
– –
CTLT
541
DELISTED
CATALENT, INC.
CTLT
$2.79M 0.01%
49,583
+100
+0.2% +$5.58K
TXRH icon
542
Texas Roadhouse
TXRH
$13.6B
$2.76M 0.01%
16,078
-300
-2% -$48.9K
CLH icon
543
Clean Harbors
CLH
$16.4B
$2.74M 0.01%
12,107
-200
-2% -$41.9K
FOXA icon
544
Fox Class A
FOXA
$26.6B
$2.74M 0.01%
79,612
-2,400
-3% -$78.4K
TFX icon
545
Teleflex
TFX
$5.89B
$2.72M 0.01%
12,917
– –
TPR icon
546
Tapestry
TPR
$33.3B
$2.69M 0.01%
62,899
+100
+0.2% +$4.18K
TTEK icon
547
Tetra Tech
TTEK
$8.97B
$2.64M 0.01%
64,540
-1,000
-2% -$40.8K
WMS icon
548
Advanced Drainage Systems
WMS
$10.7B
$2.63M 0.01%
16,400
-400
-2% -$66.8K
FIX icon
549
Comfort Systems
FIX
$58.9B
$2.62M 0.01%
8,600
-100
-1% -$31.8K
ONTO icon
550
Onto Innovation
ONTO
$14.5B
$2.61M 0.01%
11,900
-200
-2% -$41.3K
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
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 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.