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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
+3.97%
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
$19.2B
AUM Growth
-$930M
Cap. Flow
-$1.27B
Cap. Flow %
-6.6%
Top 10 Hldgs %
36.92%
Holding
967
New
17
Increased
176
Reduced
601
Closed
16

Top Buys

Rank Stock Value
1
CI icon
Cigna
CI
+$47.8M
2
HUBS icon
HubSpot
HUBS
+$32M
3
XYZ
Block Inc
XYZ
+$24.7M
4
AMZN icon
Amazon
AMZN
+$20.7M
5
CVS icon
CVS Health
CVS
+$19.9M

Top Sells

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$594M
2
AGG icon
iShares Core US Aggregate Bond ETF
AGG
+$419M
3
T icon
AT&T
T
+$261M
4
MSFT icon
Microsoft
MSFT
+$42.8M
5
NVDA icon
NVIDIA
NVDA
+$35.2M

Sector Composition

Rank Sector Weight
1 Technology 29.57%
2 Financials 10.76%
3 Consumer Discretionary 10.46%
4 Healthcare 9.52%
5 Communication Services 9.33%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
JLL icon
551
Jones Lang LaSalle
JLL
$16.4B
$2.84M 0.01%
11,211
-100
-0.9% -$26.6K
NWSA icon
552
News Corp Class A
NWSA
$15.4B
$2.83M 0.01%
102,854
-200
-0.2% -$5.57K
WPC icon
553
W.P. Carey
WPC
$16.1B
$2.82M 0.01%
51,800
-200
-0.4% -$11.4K
AMH icon
554
American Homes 4 Rent
AMH
$12.3B
$2.81M 0.01%
75,100
+400
+0.5% +$15K
BJ icon
555
BJs Wholesale Club
BJ
$12.3B
$2.81M 0.01%
31,415
-100
-0.3% -$9.04K
CLH icon
556
Clean Harbors
CLH
$16.4B
$2.76M 0.01%
12,007
– –
ITT icon
557
ITT
ITT
$18.9B
$2.76M 0.01%
19,329
-100
-0.5% -$15K
CNH
558
CNH Industrial
CNH
$16.9B
$2.76M 0.01%
243,700
-400
-0.2% -$4.55K
SRPT icon
559
Sarepta Therapeutics
SRPT
$1.81B
$2.75M 0.01%
22,600
– –
ALB icon
560
Albemarle
ALB
$15.5B
$2.75M 0.01%
31,907
-100
-0.3% -$9.96K
SCI icon
561
Service Corp International
SCI
$11.4B
$2.73M 0.01%
34,262
-300
-0.9% -$24.5K
AAL icon
562
American Airlines Group
AAL
$9.93B
$2.71M 0.01%
155,600
-300
-0.2% -$4.31K
NLY icon
563
Annaly Capital Management
NLY
$17.3B
$2.68M 0.01%
146,631
+14,700
+11% +$287K
NVT icon
564
nVent Electric
NVT
$26.3B
$2.66M 0.01%
39,006
-500
-1% -$36.8K
AES icon
565
AES
AES
$10.5B
$2.62M 0.01%
203,695
+10,100
+5% +$151K
PNW icon
566
Pinnacle West Capital
PNW
$12B
$2.62M 0.01%
30,861
-100
-0.3% -$8.88K
LW icon
567
Lamb Weston
LW
$7.12B
$2.59M 0.01%
38,732
-400
-1% -$29.8K
ALLY icon
568
Ally Financial
ALLY
$13.3B
$2.58M 0.01%
71,664
+600
+0.8% +$21.8K
SF
569
Stifel
SF
$12.7B
$2.58M 0.01%
36,431
-150
-0.4% -$10.7K
MOS icon
570
The Mosaic Company
MOS
$7.46B
$2.55M 0.01%
103,876
+2,500
+2% +$65.4K
CRL icon
571
Charles River Laboratories
CRL
$13.2B
$2.55M 0.01%
13,830
-200
-1% -$38.5K
LAMR icon
572
Lamar Advertising Co
LAMR
$15.7B
$2.54M 0.01%
20,838
– –
GL icon
573
Globe Life
GL
$14.2B
$2.54M 0.01%
22,736
-1,700
-7% -$183K
FND icon
574
Floor & Decor
FND
$6.3B
$2.53M 0.01%
25,400
– –
FHN icon
575
First Horizon
FHN
$12B
$2.53M 0.01%
125,556
-1,700
-1% -$32K
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 Q4 2024 Portfolio in Review

As of Q4 2024, State of Michigan Retirement System held 967 positions worth $19.2B, down 4.6% from $20.2B the previous quarter. Its ten largest holdings account for 37% of the portfolio.

State of Michigan Retirement System withdrew a net $1.27B in Q4 2024, closing 16 positions and reducing 601 holdings. Its most notable exit was iShares Core US Aggregate Bond ETF, an estimated $419M position sold in full.

By sector, the portfolio is most concentrated in Technology at 30% of assets, up from 27% a quarter earlier, followed by Financials and Consumer Discretionary.

Against the trend, State of Michigan Retirement System opened a new position in Apollo Global Management worth $20M.

  • State of Michigan Retirement System's largest Q4 2024 buy was Apollo Global Management: 121,300 shares worth $20M.
  • State of Michigan Retirement System added most to Cigna in Q4 2024, an estimated $47.8M increase.
  • State of Michigan Retirement System's biggest Q4 2024 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $594M.
  • State of Michigan Retirement System fully exited iShares Core US Aggregate Bond ETF in Q4 2024, selling an estimated $419M.
  • State of Michigan Retirement System's ten largest holdings make up 37% of its $19.2B portfolio in Q4 2024.
  • State of Michigan Retirement System opened 17 new positions and closed 16 in Q4 2024.
  • State of Michigan Retirement System's portfolio value fell 4.6% quarter-over-quarter to $19.2B.

Based on State of Michigan Retirement System's 13F filing for Q4 2024, filed 6 Feb 2025.