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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
AOS icon
526
A.O. Smith
AOS
$8.48B
$3.12M 0.02%
34,733
-400
-1% -$33.1K
HII icon
527
Huntington Ingalls Industries
HII
$13B
$3.12M 0.02%
11,790
-100
-0.8% -$26.5K
EPAM icon
528
EPAM Systems
EPAM
$5.02B
$3.09M 0.02%
15,527
-400
-3% -$80.2K
SOLV icon
529
Solventum
SOLV
$14.5B
$3.07M 0.02%
44,076
-200
-0.5% -$12K
OVV icon
530
Ovintiv
OVV
$17.6B
$3.05M 0.02%
79,700
+2,700
+4% +$117K
JLL icon
531
Jones Lang LaSalle
JLL
$16.4B
$3.05M 0.02%
11,311
-100
-0.9% -$24.2K
ALB icon
532
Albemarle
ALB
$15.5B
$3.03M 0.02%
32,007
-200
-0.6% -$17.8K
TTEK icon
533
Tetra Tech
TTEK
$8.97B
$3M 0.01%
63,540
-1,000
-2% -$44.5K
CTLT
534
DELISTED
CATALENT, INC.
CTLT
$2.99M 0.01%
49,283
-300
-0.6% -$17.8K
CW icon
535
Curtiss-Wright
CW
$25.6B
$2.98M 0.01%
9,061
-200
-2% -$59.2K
XPO icon
536
XPO
XPO
$23.5B
$2.97M 0.01%
27,642
-400
-1% -$44.8K
TPR icon
537
Tapestry
TPR
$33.3B
$2.95M 0.01%
62,699
-200
-0.3% -$8.25K
FBIN icon
538
Fortune Brands Innovations
FBIN
$5.73B
$2.94M 0.01%
32,842
-700
-2% -$53.7K
BLD
539
DELISTED
TopBuild
BLD
$2.91M 0.01%
7,157
-500
-7% -$202K
ITT icon
540
ITT
ITT
$18.9B
$2.9M 0.01%
19,429
-400
-2% -$54.5K
CLH icon
541
Clean Harbors
CLH
$16.4B
$2.9M 0.01%
12,007
-100
-0.8% -$23.5K
WING icon
542
Wingstop
WING
$3.2B
$2.9M 0.01%
6,972
-100
-1% -$38.9K
PFGC icon
543
Performance Food Group
PFGC
$17.9B
$2.9M 0.01%
37,003
-500
-1% -$35K
CUBE icon
544
CubeSmart
CUBE
$9.23B
$2.88M 0.01%
53,500
-700
-1% -$34.8K
INCY icon
545
Incyte
INCY
$24.6B
$2.88M 0.01%
43,559
-3,900
-8% -$249K
DKS icon
546
Dick's Sporting Goods
DKS
$19.2B
$2.87M 0.01%
13,770
-300
-2% -$64.1K
AMH icon
547
American Homes 4 Rent
AMH
$12.3B
$2.87M 0.01%
74,700
-2,800
-4% -$107K
MKTX icon
548
MarketAxess Holdings
MKTX
$5.72B
$2.82M 0.01%
11,021
-100
-0.9% -$23.4K
SRPT icon
549
Sarepta Therapeutics
SRPT
$1.81B
$2.82M 0.01%
22,600
-200
-0.9% -$27.6K
TXRH icon
550
Texas Roadhouse
TXRH
$13.6B
$2.8M 0.01%
15,878
-200
-1% -$33.7K
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 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.