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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
TTEK icon
576
Tetra Tech
TTEK
$8.97B
$2.53M 0.01%
63,440
-100
-0.2% -$4.49K
CG icon
577
Carlyle Group
CG
$17.2B
$2.52M 0.01%
50,000
+100
+0.2% +$5.07K
ENPH icon
578
Enphase Energy
ENPH
$5.41B
$2.52M 0.01%
36,715
-2,500
-6% -$198K
RL icon
579
Ralph Lauren
RL
$24.2B
$2.51M 0.01%
10,880
– –
LECO icon
580
Lincoln Electric
LECO
$15.1B
$2.51M 0.01%
13,389
-100
-0.7% -$20.1K
GNRC icon
581
Generac Holdings
GNRC
$12.2B
$2.5M 0.01%
16,116
-300
-2% -$51.8K
AFG icon
582
American Financial Group
AFG
$11.9B
$2.49M 0.01%
18,210
– –
WBA
583
DELISTED
Walgreens Boots Alliance
WBA
$2.49M 0.01%
266,702
+6,502
+2% +$60.4K
HRL icon
584
Hormel Foods
HRL
$13.6B
$2.47M 0.01%
78,875
-300
-0.4% -$9.4K
ATR icon
585
AptarGroup
ATR
$8.5B
$2.47M 0.01%
15,710
-100
-0.6% -$16.7K
MKTX icon
586
MarketAxess Holdings
MKTX
$5.72B
$2.45M 0.01%
10,821
-200
-2% -$52.6K
WTRG icon
587
Essential Utilities
WTRG
$11.3B
$2.44M 0.01%
67,271
+7,500
+13% +$291K
KNSL icon
588
Kinsale Capital Group
KNSL
$8.4B
$2.44M 0.01%
5,245
– –
RRX icon
589
Regal Rexnord
RRX
$11.5B
$2.44M 0.01%
15,701
-100
-0.6% -$16.9K
S icon
590
SentinelOne
S
$7.62B
$2.43M 0.01%
+109,510
New +$2.79M
AR icon
591
Antero Resources
AR
$11.4B
$2.43M 0.01%
69,300
-100
-0.1% -$3.03K
OHI icon
592
Omega Healthcare
OHI
$14.4B
$2.42M 0.01%
63,963
+2,700
+4% +$108K
KNX icon
593
Knight Transportation
KNX
$11.2B
$2.42M 0.01%
45,631
-500
-1% -$27.2K
BWXT icon
594
BWX Technologies
BWXT
$15.5B
$2.42M 0.01%
21,700
– –
RPT
595
Rithm Property Trust
RPT
$96M
$2.39M 0.01%
134,166
– –
WWD icon
596
Woodward
WWD
$21B
$2.35M 0.01%
14,110
-100
-0.7% -$17.1K
HSIC icon
597
Henry Schein
HSIC
$9.82B
$2.35M 0.01%
33,888
-600
-2% -$43.1K
SGI
598
Somnigroup International
SGI
$13.6B
$2.33M 0.01%
41,138
-100
-0.2% -$5.34K
EVR icon
599
Evercore
EVR
$11.5B
$2.33M 0.01%
8,405
-100
-1% -$28.3K
AOS icon
600
A.O. Smith
AOS
$8.48B
$2.33M 0.01%
34,133
-600
-2% -$45.4K
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 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.