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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
JLL icon
576
Jones Lang LaSalle
JLL
$16.5B
$2.34M 0.01%
11,411
-300
-3% -$58.2K
SOLV icon
577
Solventum
SOLV
$14.4B
$2.34M 0.01%
+44,276
New +$2.69M
REXR icon
578
Rexford Industrial Realty
REXR
$8.05B
$2.34M 0.01%
52,382
+600
+1% +$27K
CACI icon
579
CACI
CACI
$14B
$2.33M 0.01%
5,421
-100
-2% -$40.8K
KNX icon
580
Knight Transportation
KNX
$11.3B
$2.33M 0.01%
46,631
-1,100
-2% -$53.9K
WYNN icon
581
Wynn Resorts
WYNN
$10.5B
$2.32M 0.01%
25,872
-200
-0.8% -$19.2K
COHR icon
582
Coherent
COHR
$65.7B
$2.31M 0.01%
31,906
-500
-2% -$30.1K
AR icon
583
Antero Resources
AR
$11.1B
$2.3M 0.01%
70,400
+1,000
+1% +$32.7K
LNW
584
DELISTED
Light & Wonder
LNW
$2.28M 0.01%
21,699
-400
-2% -$38.2K
DELL icon
585
Dell
DELL
$303B
$2.27M 0.01%
16,479
-2,417
-13% -$324K
WTRG icon
586
Essential Utilities
WTRG
$11.2B
$2.26M 0.01%
60,571
-1,200
-2% -$44.5K
ATR icon
587
AptarGroup
ATR
$8.53B
$2.25M 0.01%
16,010
-200
-1% -$28.9K
HSIC icon
588
Henry Schein
HSIC
$9.81B
$2.25M 0.01%
35,088
-500
-1% -$35.2K
CHDN icon
589
Churchill Downs
CHDN
$6.09B
$2.24M 0.01%
16,080
-600
-4% -$78.8K
MKTX icon
590
MarketAxess Holdings
MKTX
$5.72B
$2.23M 0.01%
11,121
+100
+0.9% +$20.6K
BF.B icon
591
Brown-Forman Class B
BF.B
$12.9B
$2.21M 0.01%
51,181
+1,600
+3% +$75.2K
MTCH icon
592
Match Group
MTCH
$8.49B
$2.21M 0.01%
72,753
-1,700
-2% -$53.7K
OLED icon
593
Universal Display
OLED
$4.13B
$2.21M 0.01%
10,505
-200
-2% -$35.2K
SKX
594
DELISTED
Skechers
SKX
$2.21M 0.01%
31,944
-900
-3% -$59.6K
NCLH icon
595
Norwegian Cruise Line
NCLH
$8.62B
$2.21M 0.01%
117,479
+900
+0.8% +$15.8K
GNRC icon
596
Generac Holdings
GNRC
$12.4B
$2.2M 0.01%
16,616
-200
-1% -$27.6K
UNM icon
597
Unum
UNM
$14.4B
$2.19M 0.01%
42,900
-1,700
-4% -$88K
FBIN icon
598
Fortune Brands Innovations
FBIN
$5.76B
$2.18M 0.01%
33,542
-1,300
-4% -$93.8K
RRX icon
599
Regal Rexnord
RRX
$11.8B
$2.16M 0.01%
16,001
-300
-2% -$46.7K
SNX icon
600
TD Synnex
SNX
$20.6B
$2.16M 0.01%
18,721
+4,700
+34% +$574K
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
AM
AGF Management Toronto, Ontario, Canada $22.3B AUM 46.42% 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

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.