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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
ARMK icon
601
Aramark
ARMK
$14.6B
$2.16M 0.01%
63,400
-1,100
-2% -$35.7K
WFRD icon
602
Weatherford International
WFRD
$6.48B
$2.16M 0.01%
17,600
-200
-1% -$23.9K
DAY
603
DELISTED
Dayforce
DAY
$2.14M 0.01%
43,210
+400
+0.9% +$22.9K
CROX icon
604
Crocs
CROX
$6.71B
$2.14M 0.01%
14,638
-200
-1% -$28.1K
CCK icon
605
Crown Holdings
CCK
$13B
$2.13M 0.01%
28,700
-700
-2% -$56.5K
MUSA icon
606
Murphy USA
MUSA
$9.99B
$2.12M 0.01%
4,524
-100
-2% -$43.6K
DVA icon
607
DaVita
DVA
$11.6B
$2.11M 0.01%
15,239
-700
-4% -$96.5K
HAS icon
608
Hasbro
HAS
$13.3B
$2.1M 0.01%
35,812
+100
+0.3% +$5.93K
BWXT icon
609
BWX Technologies
BWXT
$15.6B
$2.09M 0.01%
22,000
-500
-2% -$46.4K
CG icon
610
Carlyle Group
CG
$17.2B
$2.09M 0.01%
52,000
-1,200
-2% -$51.8K
LSCC icon
611
Lattice Semiconductor
LSCC
$18.5B
$2.09M 0.01%
35,962
+2,100
+6% +$145K
EHC icon
612
Encompass Health
EHC
$12.4B
$2.08M 0.01%
24,245
-400
-2% -$33.6K
FHN icon
613
First Horizon
FHN
$12B
$2.08M 0.01%
131,756
-5,500
-4% -$83.3K
SF
614
Stifel
SF
$12.7B
$2.08M 0.01%
37,031
-600
-2% -$31.8K
KBR icon
615
KBR
KBR
$4.84B
$2.07M 0.01%
32,311
-800
-2% -$51.7K
DCI icon
616
Donaldson
DCI
$11.2B
$2.07M 0.01%
28,958
-500
-2% -$36.7K
AFG icon
617
American Financial Group
AFG
$12B
$2.07M 0.01%
16,810
-300
-2% -$38.6K
FRT icon
618
Federal Realty Investment Trust
FRT
$10.2B
$2.07M 0.01%
20,462
+300
+1% +$30.3K
CLF icon
619
Cleveland-Cliffs
CLF
$7.25B
$2.06M 0.01%
133,927
-4,100
-3% -$73.4K
KNSL icon
620
Kinsale Capital Group
KNSL
$8.4B
$2.06M 0.01%
5,345
-100
-2% -$40.6K
CELH icon
621
Celsius Holdings
CELH
$6.8B
$2.05M 0.01%
35,900
-162,500
-82% -$12.3M
OHI icon
622
Omega Healthcare
OHI
$14.4B
$2.04M 0.01%
59,563
-700
-1% -$22.1K
X
623
DELISTED
US Steel
X
$2.04M 0.01%
53,899
-1,000
-2% -$38.2K
AAL icon
624
American Airlines Group
AAL
$10.3B
$2.04M 0.01%
179,705
+400
+0.2% +$5.26K
JEF icon
625
Jefferies Financial Group
JEF
$12.9B
$2.03M 0.01%
40,816
-800
-2% -$35.9K
23 24
25
26 27

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
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
CHP
Castle Hook Partners New York $23.4B AUM 158.96% 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.