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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
SFM icon
626
Sprouts Farmers Market
SFM
$7.99B
$2.02M 0.01%
24,196
-700
-3% -$51K
NYT icon
627
New York Times
NYT
$10.4B
$2.02M 0.01%
39,416
-800
-2% -$37.6K
CNM icon
628
Core & Main
CNM
$8.65B
$2.02M 0.01%
41,200
-700
-2% -$38.9K
PTON icon
629
Peloton Interactive
PTON
$2.51B
$2.02M 0.01%
596,477
– –
PAYC icon
630
Paycom
PAYC
$9.62B
$2.01M 0.01%
14,073
+900
+7% +$154K
BWA icon
631
BorgWarner
BWA
$14.1B
$2.01M 0.01%
62,388
-20,794
-25% -$720K
PR
632
Permian Resources
PR
$17.3B
$2M 0.01%
123,700
+11,000
+10% +$182K
MKSI icon
633
MKS Inc
MKSI
$20.7B
$1.99M 0.01%
15,240
-200
-1% -$25.2K
RGLD icon
634
Royal Gold
RGLD
$19.4B
$1.98M 0.01%
15,848
-300
-2% -$37.5K
PARA
635
DELISTED
Paramount Global Class B
PARA
$1.98M 0.01%
190,748
+11,600
+6% +$136K
SGI
636
Somnigroup International
SGI
$13.6B
$1.98M 0.01%
41,838
-500
-1% -$25.3K
EGP icon
637
EastGroup Properties
EGP
$10.8B
$1.98M 0.01%
11,627
-100
-0.9% -$16.5K
BEN icon
638
Franklin Resources
BEN
$17B
$1.97M 0.01%
88,195
+600
+0.7% +$14.4K
PRI icon
639
Primerica
PRI
$9.77B
$1.97M 0.01%
8,319
-300
-3% -$68K
FMC icon
640
FMC
FMC
$1.33B
$1.97M 0.01%
34,158
-1,600
-4% -$95.6K
RRC icon
641
Range Resources
RRC
$9.08B
$1.96M 0.01%
58,486
-800
-1% -$28.8K
CHE icon
642
Chemed
CHE
$7.22B
$1.96M 0.01%
3,609
-100
-3% -$57.3K
TREX icon
643
Trex
TREX
$4.94B
$1.94M 0.01%
26,222
-400
-2% -$35K
GPK icon
644
Graphic Packaging
GPK
$3.52B
$1.94M 0.01%
74,000
-1,200
-2% -$33.1K
CGNX icon
645
Cognex
CGNX
$10.9B
$1.93M 0.01%
41,353
-900
-2% -$39.6K
GL icon
646
Globe Life
GL
$14.5B
$1.9M 0.01%
23,036
-400
-2% -$33.1K
ETSY icon
647
Etsy
ETSY
$7.77B
$1.89M 0.01%
32,043
-800
-2% -$51.2K
RBC icon
648
RBC Bearings
RBC
$17.9B
$1.89M 0.01%
7,000
-100
-1% -$26.9K
NNN icon
649
NNN REIT
NNN
$8.92B
$1.88M 0.01%
44,184
-600
-1% -$25K
ORI icon
650
Old Republic International
ORI
$10.4B
$1.88M 0.01%
60,878
-3,200
-5% -$98K
24 25
26
27 28

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
AM
AGF Management Toronto, Ontario, Canada $22.3B AUM 46.42% 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

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.