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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
DT icon
551
Dynatrace
DT
$14.4B
$2.74M 0.01%
58,900
+1,700
+3% +$88.5K
GL icon
552
Globe Life
GL
$14.2B
$2.73M 0.01%
23,436
– –
NWSA icon
553
News Corp Class A
NWSA
$15.4B
$2.73M 0.01%
104,154
– –
REG icon
554
Regency Centers
REG
$13.9B
$2.73M 0.01%
45,004
– –
MTCH icon
555
Match Group
MTCH
$8.42B
$2.7M 0.01%
74,453
– –
NLY icon
556
Annaly Capital Management
NLY
$17.4B
$2.7M 0.01%
137,031
+2,800
+2% +$54K
SCI icon
557
Service Corp International
SCI
$11.4B
$2.69M 0.01%
36,262
+800
+2% +$56.4K
HSIC icon
558
Henry Schein
HSIC
$9.97B
$2.69M 0.01%
35,588
-200
-0.6% -$15K
AIZ icon
559
Assurant
AIZ
$14B
$2.69M 0.01%
14,267
-100
-0.7% -$17.4K
ELF icon
560
e.l.f. Beauty
ELF
$5.6B
$2.67M 0.01%
+13,600
New +$2.42M
WYNN icon
561
Wynn Resorts
WYNN
$10.7B
$2.67M 0.01%
26,072
-200
-0.8% -$19.8K
LEA icon
562
Lear
LEA
$8.16B
$2.66M 0.01%
18,393
+100
+0.5% +$13.7K
WING icon
563
Wingstop
WING
$3.07B
$2.66M 0.01%
7,272
+200
+3% +$62.2K
TREX icon
564
Trex
TREX
$5.06B
$2.66M 0.01%
26,622
+600
+2% +$53.4K
LSCC icon
565
Lattice Semiconductor
LSCC
$17.9B
$2.65M 0.01%
33,862
+700
+2% +$50.1K
KNX icon
566
Knight Transportation
KNX
$11.1B
$2.63M 0.01%
47,731
+900
+2% +$50.8K
ERIE icon
567
Erie Indemnity
ERIE
$13.4B
$2.62M 0.01%
6,532
+100
+2% +$36.8K
PAYC icon
568
Paycom
PAYC
$9.57B
$2.62M 0.01%
13,173
-300
-2% -$57.4K
THC icon
569
Tenet Healthcare
THC
$21.1B
$2.62M 0.01%
24,893
+500
+2% +$44.9K
REXR icon
570
Rexford Industrial Realty
REXR
$8.09B
$2.6M 0.01%
51,782
+1,100
+2% +$58.2K
CZR icon
571
Caesars Entertainment
CZR
$6.06B
$2.58M 0.01%
59,097
– –
BXP icon
572
Boston Properties
BXP
$10.9B
$2.58M 0.01%
39,557
– –
LAMR icon
573
Lamar Advertising Co
LAMR
$15.7B
$2.57M 0.01%
21,538
+500
+2% +$54.8K
FOXA icon
574
Fox Class A
FOXA
$26B
$2.56M 0.01%
82,012
-2,100
-2% -$63.8K
BF.B icon
575
Brown-Forman Class B
BF.B
$12.8B
$2.56M 0.01%
49,581
-500
-1% -$27.8K
21 22
23
24 25

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.