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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
AIZ icon
551
Assurant
AIZ
$14.2B
$2.8M 0.01%
14,067
-200
-1% -$36.4K
PTON icon
552
Peloton Interactive
PTON
$2.42B
$2.79M 0.01%
596,477
– –
LAMR icon
553
Lamar Advertising Co
LAMR
$15.7B
$2.78M 0.01%
20,838
-300
-1% -$36.6K
NVT icon
554
nVent Electric
NVT
$26.3B
$2.78M 0.01%
39,506
-500
-1% -$34.5K
CRL icon
555
Charles River Laboratories
CRL
$13.2B
$2.76M 0.01%
14,030
-100
-0.7% -$20.8K
NBIX icon
556
Neurocrine Biosciences
NBIX
$16.8B
$2.76M 0.01%
23,981
-300
-1% -$41.1K
SAIA icon
557
Saia
SAIA
$9.49B
$2.75M 0.01%
6,286
-100
-2% -$42.4K
NWSA icon
558
News Corp Class A
NWSA
$15.4B
$2.74M 0.01%
103,054
-800
-0.8% -$21.7K
PNW icon
559
Pinnacle West Capital
PNW
$12B
$2.74M 0.01%
30,961
-100
-0.3% -$8.54K
SCI icon
560
Service Corp International
SCI
$11.4B
$2.73M 0.01%
34,562
-500
-1% -$38K
EWBC icon
561
East-West Bancorp
EWBC
$18.1B
$2.72M 0.01%
32,922
-600
-2% -$48.1K
MOS icon
562
The Mosaic Company
MOS
$7.46B
$2.71M 0.01%
101,376
-1,200
-1% -$33K
CCK icon
563
Crown Holdings
CCK
$13.1B
$2.71M 0.01%
28,300
-400
-1% -$34.4K
CNH
564
CNH Industrial
CNH
$16.9B
$2.71M 0.01%
244,100
+208,400
+584% +$2.12M
CACI icon
565
CACI
CACI
$14.3B
$2.68M 0.01%
5,321
-100
-2% -$46.3K
RPT
566
Rithm Property Trust
RPT
$96M
$2.68M 0.01%
134,166
– –
MTCH icon
567
Match Group
MTCH
$8.43B
$2.66M 0.01%
70,253
-2,500
-3% -$87.5K
PSNL icon
568
Personalis
PSNL
$1.55B
$2.66M 0.01%
493,798
– –
NLY icon
569
Annaly Capital Management
NLY
$17.3B
$2.65M 0.01%
131,931
-1,600
-1% -$32K
DAY
570
DELISTED
Dayforce
DAY
$2.63M 0.01%
43,010
-200
-0.5% -$11K
SFM icon
571
Sprouts Farmers Market
SFM
$7.96B
$2.63M 0.01%
23,796
-400
-2% -$38.2K
CPB icon
572
Campbell Soup
CPB
$6.69B
$2.63M 0.01%
53,701
-200
-0.4% -$9.73K
WMS icon
573
Advanced Drainage Systems
WMS
$10.7B
$2.62M 0.01%
16,700
+300
+2% +$46.8K
RRX icon
574
Regal Rexnord
RRX
$11.5B
$2.62M 0.01%
15,801
-200
-1% -$30.9K
REXR icon
575
Rexford Industrial Realty
REXR
$8.13B
$2.62M 0.01%
51,982
-400
-0.8% -$19.9K
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
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.