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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
EXE
551
Expand Energy Corp
EXE
$22.3B
$2.6M 0.01%
31,600
-600
-2% -$53K
DT icon
552
Dynatrace
DT
$14.7B
$2.59M 0.01%
57,900
-1,000
-2% -$46.1K
LECO icon
553
Lincoln Electric
LECO
$15.2B
$2.58M 0.01%
13,689
-400
-3% -$86.8K
WWD icon
554
Woodward
WWD
$21.1B
$2.57M 0.01%
14,710
-100
-0.7% -$17K
FND icon
555
Floor & Decor
FND
$6.32B
$2.56M 0.01%
25,800
-400
-2% -$46K
ITT icon
556
ITT
ITT
$18.9B
$2.56M 0.01%
19,829
-300
-1% -$39.4K
NLY icon
557
Annaly Capital Management
NLY
$17.1B
$2.55M 0.01%
133,531
-3,500
-3% -$68K
LAMR icon
558
Lamar Advertising Co
LAMR
$16B
$2.53M 0.01%
21,138
-400
-2% -$46.5K
CHRD icon
559
Chord Energy
CHRD
$7.75B
$2.52M 0.01%
15,000
+4,900
+49% +$870K
CW icon
560
Curtiss-Wright
CW
$25.9B
$2.51M 0.01%
9,261
-100
-1% -$26.7K
SCI icon
561
Service Corp International
SCI
$11.4B
$2.49M 0.01%
35,062
-1,200
-3% -$85.2K
PFGC icon
562
Performance Food Group
PFGC
$17.8B
$2.48M 0.01%
37,503
-700
-2% -$48.8K
EWBC icon
563
East-West Bancorp
EWBC
$18B
$2.45M 0.01%
33,522
-1,100
-3% -$81.6K
CUBE icon
564
CubeSmart
CUBE
$9.18B
$2.45M 0.01%
54,200
-1,000
-2% -$43.1K
CPB icon
565
Campbell Soup
CPB
$6.73B
$2.44M 0.01%
53,901
– –
BXP icon
566
Boston Properties
BXP
$10.7B
$2.44M 0.01%
39,557
– –
HRL icon
567
Hormel Foods
HRL
$13.6B
$2.42M 0.01%
79,475
+100
+0.1% +$3.36K
BBWI icon
568
Bath & Body Works
BBWI
$3.93B
$2.39M 0.01%
61,271
-600
-1% -$27.5K
DINO icon
569
HF Sinclair
DINO
$15.1B
$2.39M 0.01%
44,800
-5,800
-11% -$326K
PNW icon
570
Pinnacle West Capital
PNW
$12.1B
$2.37M 0.01%
31,061
– –
AIZ icon
571
Assurant
AIZ
$14.2B
$2.37M 0.01%
14,267
– –
ERIE icon
572
Erie Indemnity
ERIE
$13.1B
$2.37M 0.01%
6,532
– –
CZR icon
573
Caesars Entertainment
CZR
$6.14B
$2.36M 0.01%
59,297
+200
+0.3% +$7.51K
TTC icon
574
Toro Company
TTC
$9.35B
$2.35M 0.01%
25,132
-500
-2% -$44.1K
MEDP icon
575
Medpace
MEDP
$16.6B
$2.35M 0.01%
5,699
– –
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
Luther King Capital Management (LKCM)
Luther King Capital Management (LKCM) Fort Worth, Texas $23.1B AUM 21.31% 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

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.