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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
ARMK icon
601
Aramark
ARMK
$14.6B
$2.33M 0.01%
62,400
-100
-0.2% -$3.89K
CNM icon
602
Core & Main
CNM
$8.67B
$2.32M 0.01%
45,600
-200
-0.4% -$9.42K
CHDN icon
603
Churchill Downs
CHDN
$6.02B
$2.32M 0.01%
17,380
-100
-0.6% -$13.9K
CCK icon
604
Crown Holdings
CCK
$13.1B
$2.32M 0.01%
28,000
-300
-1% -$27.3K
AA icon
605
Alcoa
AA
$13.6B
$2.31M 0.01%
61,175
-200
-0.3% -$8.31K
FRT icon
606
Federal Realty Investment Trust
FRT
$10.2B
$2.31M 0.01%
20,624
+162
+0.8% +$18.3K
BRBR icon
607
BellRing Brands
BRBR
$1.32B
$2.31M 0.01%
30,645
– –
HII icon
608
Huntington Ingalls Industries
HII
$13B
$2.3M 0.01%
12,190
+400
+3% +$86.4K
CUBE icon
609
CubeSmart
CUBE
$9.23B
$2.3M 0.01%
53,600
+100
+0.2% +$4.79K
DTM icon
610
DT Midstream
DTM
$13.7B
$2.29M 0.01%
23,055
– –
EXEL icon
611
Exelixis
EXEL
$13.1B
$2.25M 0.01%
67,616
-100
-0.1% -$3.24K
LAD icon
612
Lithia Motors
LAD
$8.35B
$2.25M 0.01%
6,287
-100
-2% -$35.2K
TFX icon
613
Teleflex
TFX
$5.89B
$2.25M 0.01%
12,617
-200
-2% -$41.1K
WBS icon
614
Webster Financial
WBS
$12.8B
$2.24M 0.01%
40,544
-200
-0.5% -$11K
TKO icon
615
TKO Group
TKO
$13.8B
$2.23M 0.01%
15,710
-100
-0.6% -$13.1K
CPB icon
616
Campbell Soup
CPB
$6.69B
$2.23M 0.01%
53,301
-400
-0.7% -$18.1K
GMED icon
617
Globus Medical
GMED
$11.7B
$2.23M 0.01%
26,961
+100
+0.4% +$7.89K
MTCH icon
618
Match Group
MTCH
$8.43B
$2.23M 0.01%
68,153
-2,100
-3% -$72K
FBIN icon
619
Fortune Brands Innovations
FBIN
$5.73B
$2.22M 0.01%
32,542
-300
-0.9% -$24K
RBC icon
620
RBC Bearings
RBC
$17.6B
$2.21M 0.01%
7,400
+500
+7% +$154K
HLI icon
621
Houlihan Lokey
HLI
$8.62B
$2.21M 0.01%
12,700
+100
+0.8% +$17.6K
EHC icon
622
Encompass Health
EHC
$12.5B
$2.2M 0.01%
23,845
– –
AIT icon
623
Applied Industrial Technologies
AIT
$13.2B
$2.18M 0.01%
9,100
– –
MUSA icon
624
Murphy USA
MUSA
$10.2B
$2.17M 0.01%
4,324
-100
-2% -$51.1K
PR
625
Permian Resources
PR
$17.8B
$2.17M 0.01%
150,700
– –
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 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.