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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
PTON icon
576
Peloton Interactive
PTON
$2.44B
$2.56M 0.01%
596,477
+480,000
+412% +$2.37M
TXRH icon
577
Texas Roadhouse
TXRH
$13.8B
$2.53M 0.01%
16,378
+400
+3% +$54.8K
CUBE icon
578
CubeSmart
CUBE
$9.21B
$2.5M 0.01%
55,200
+1,300
+2% +$57.6K
CG icon
579
Carlyle Group
CG
$17.6B
$2.5M 0.01%
53,200
+1,300
+3% +$56.2K
WEX icon
580
WEX
WEX
$6.43B
$2.49M 0.01%
10,475
+200
+2% +$43K
CLH icon
581
Clean Harbors
CLH
$16.5B
$2.48M 0.01%
12,307
+200
+2% +$35.9K
BJ icon
582
BJs Wholesale Club
BJ
$12.1B
$2.47M 0.01%
32,715
+600
+2% +$41.8K
BEN icon
583
Franklin Resources
BEN
$17B
$2.46M 0.01%
87,595
+5,100
+6% +$140K
FIVE icon
584
Five Below
FIVE
$13.1B
$2.45M 0.01%
13,522
+200
+2% +$38.5K
NCLH icon
585
Norwegian Cruise Line
NCLH
$8.59B
$2.44M 0.01%
116,579
+100
+0.1% +$1.82K
CHRW icon
586
C.H. Robinson
CHRW
$17B
$2.44M 0.01%
31,992
+100
+0.3% +$7.82K
TTEK icon
587
Tetra Tech
TTEK
$9.11B
$2.42M 0.01%
65,540
+1,500
+2% +$52K
RHI icon
588
Robert Half
RHI
$4.35B
$2.42M 0.01%
30,492
-500
-2% -$40.3K
MKTX icon
589
MarketAxess Holdings
MKTX
$5.72B
$2.42M 0.01%
11,021
– –
SGI
590
Somnigroup International
SGI
$14B
$2.41M 0.01%
42,338
+1,000
+2% +$52.1K
CNM icon
591
Core & Main
CNM
$8.75B
$2.4M 0.01%
41,900
+9,100
+28% +$417K
CPB icon
592
Campbell Soup
CPB
$6.72B
$2.4M 0.01%
53,901
+100
+0.2% +$4.33K
CW icon
593
Curtiss-Wright
CW
$26.4B
$2.4M 0.01%
9,361
+200
+2% +$46.5K
UNM icon
594
Unum
UNM
$14.4B
$2.39M 0.01%
44,600
+600
+1% +$29.3K
CHE icon
595
Chemed
CHE
$7.22B
$2.38M 0.01%
3,709
+100
+3% +$60.8K
TTC icon
596
Toro Company
TTC
$9.53B
$2.35M 0.01%
25,632
+700
+3% +$64.6K
RGEN icon
597
Repligen
RGEN
$9.32B
$2.35M 0.01%
12,753
+300
+2% +$57.1K
AFG icon
598
American Financial Group
AFG
$12B
$2.34M 0.01%
17,110
+300
+2% +$37.3K
ATR icon
599
AptarGroup
ATR
$8.54B
$2.33M 0.01%
16,210
+400
+3% +$54.2K
CCK icon
600
Crown Holdings
CCK
$13.2B
$2.33M 0.01%
29,400
+500
+2% +$40.9K
22 23
24
25 26

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.