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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
GNRC icon
576
Generac Holdings
GNRC
$12.2B
$2.61M 0.01%
16,416
-200
-1% -$29.7K
BJ icon
577
BJs Wholesale Club
BJ
$12.3B
$2.6M 0.01%
31,515
-500
-2% -$42.3K
LECO icon
578
Lincoln Electric
LECO
$15.1B
$2.59M 0.01%
13,489
-200
-1% -$38.4K
GL icon
579
Globe Life
GL
$14.2B
$2.59M 0.01%
24,436
+1,400
+6% +$134K
HAS icon
580
Hasbro
HAS
$13.3B
$2.58M 0.01%
35,712
-100
-0.3% -$6.49K
EXE
581
Expand Energy Corp
EXE
$22.6B
$2.57M 0.01%
31,300
-300
-0.9% -$22.9K
BF.B icon
582
Brown-Forman Class B
BF.B
$12.9B
$2.56M 0.01%
52,081
+900
+2% +$40.5K
LW icon
583
Lamb Weston
LW
$7.12B
$2.53M 0.01%
39,132
-400
-1% -$26.4K
ATR icon
584
AptarGroup
ATR
$8.5B
$2.53M 0.01%
15,810
-200
-1% -$29.6K
ALLY icon
585
Ally Financial
ALLY
$13.3B
$2.53M 0.01%
71,064
-800
-1% -$32K
HSIC icon
586
Henry Schein
HSIC
$9.82B
$2.51M 0.01%
34,488
-600
-2% -$41.6K
DUOL icon
587
Duolingo
DUOL
$6.42B
$2.51M 0.01%
8,900
– –
HRL icon
588
Hormel Foods
HRL
$13.6B
$2.51M 0.01%
79,175
-300
-0.4% -$9.53K
OHI icon
589
Omega Healthcare
OHI
$14.4B
$2.49M 0.01%
61,263
+1,700
+3% +$64.3K
KNX icon
590
Knight Transportation
KNX
$11.2B
$2.49M 0.01%
46,131
-500
-1% -$25.9K
CZR icon
591
Caesars Entertainment
CZR
$6.13B
$2.46M 0.01%
58,897
-400
-0.7% -$15K
NCLH icon
592
Norwegian Cruise Line
NCLH
$8.52B
$2.46M 0.01%
119,779
+2,300
+2% +$41.8K
MGM icon
593
MGM Resorts International
MGM
$10.9B
$2.46M 0.01%
62,844
-5,900
-9% -$233K
AFG icon
594
American Financial Group
AFG
$11.9B
$2.45M 0.01%
18,210
+1,400
+8% +$181K
WYNN icon
595
Wynn Resorts
WYNN
$10.6B
$2.44M 0.01%
25,472
-400
-2% -$32.2K
KNSL icon
596
Kinsale Capital Group
KNSL
$8.4B
$2.44M 0.01%
5,245
-100
-2% -$44.2K
WWD icon
597
Woodward
WWD
$21B
$2.44M 0.01%
14,210
-500
-3% -$83.2K
ONTO icon
598
Onto Innovation
ONTO
$14.3B
$2.43M 0.01%
11,700
-200
-2% -$40.4K
ARMK icon
599
Aramark
ARMK
$14.6B
$2.42M 0.01%
62,500
-900
-1% -$31.8K
UNM icon
600
Unum
UNM
$14.5B
$2.41M 0.01%
40,600
-2,300
-5% -$125K
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
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.