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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
JEF icon
601
Jefferies Financial Group
JEF
$12.8B
$2.37M 0.01%
38,516
-2,300
-6% -$130K
AA icon
602
Alcoa
AA
$13.6B
$2.37M 0.01%
61,375
+18,100
+42% +$617K
CHDN icon
603
Churchill Downs
CHDN
$6.02B
$2.36M 0.01%
17,480
+1,400
+9% +$194K
PAYC icon
604
Paycom
PAYC
$9.62B
$2.36M 0.01%
14,173
+100
+0.7% +$16K
BWXT icon
605
BWX Technologies
BWXT
$15.5B
$2.36M 0.01%
21,700
-300
-1% -$29.8K
FRT icon
606
Federal Realty Investment Trust
FRT
$10.2B
$2.35M 0.01%
20,462
– –
WBA
607
DELISTED
Walgreens Boots Alliance
WBA
$2.33M 0.01%
260,200
-1,000
-0.4% -$10.3K
EXP icon
608
Eagle Materials
EXP
$6.47B
$2.31M 0.01%
8,029
-300
-4% -$75K
PARA
609
DELISTED
Paramount Global Class B
PARA
$2.31M 0.01%
217,248
+26,500
+14% +$288K
WTRG icon
610
Essential Utilities
WTRG
$11.3B
$2.31M 0.01%
59,771
-800
-1% -$31.4K
EHC icon
611
Encompass Health
EHC
$12.4B
$2.3M 0.01%
23,845
-400
-2% -$35.9K
SF
612
Stifel
SF
$12.6B
$2.29M 0.01%
36,581
-450
-1% -$25.7K
MHK icon
613
Mohawk Industries
MHK
$9.19B
$2.29M 0.01%
14,245
-300
-2% -$43.2K
SGI
614
Somnigroup International
SGI
$13.6B
$2.25M 0.01%
41,238
-600
-1% -$30.5K
BWA icon
615
BorgWarner
BWA
$14.1B
$2.25M 0.01%
61,988
-400
-0.6% -$13.2K
WAL icon
616
Western Alliance Bancorporation
WAL
$8.78B
$2.24M 0.01%
+25,900
New +$1.99M
FMC icon
617
FMC
FMC
$1.31B
$2.24M 0.01%
33,958
-200
-0.6% -$12.2K
DVA icon
618
DaVita
DVA
$11.7B
$2.24M 0.01%
13,639
-1,600
-10% -$236K
OLED icon
619
Universal Display
OLED
$4.16B
$2.21M 0.01%
10,505
– –
RGLD icon
620
Royal Gold
RGLD
$19.8B
$2.2M 0.01%
15,648
-200
-1% -$27.4K
MUSA icon
621
Murphy USA
MUSA
$10.2B
$2.18M 0.01%
4,424
-100
-2% -$50.2K
CHE icon
622
Chemed
CHE
$7.18B
$2.17M 0.01%
3,609
– –
SNX icon
623
TD Synnex
SNX
$20.3B
$2.16M 0.01%
18,021
-700
-4% -$81K
NYT icon
624
New York Times
NYT
$10.5B
$2.16M 0.01%
38,816
-600
-2% -$32.3K
EVR icon
625
Evercore
EVR
$11.5B
$2.15M 0.01%
8,505
– –
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
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.