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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
EGP icon
626
EastGroup Properties
EGP
$10.9B
$2.15M 0.01%
11,527
-100
-0.9% -$18.4K
IVZ icon
627
Invesco
IVZ
$14B
$2.15M 0.01%
122,598
-600
-0.5% -$9.85K
CG icon
628
Carlyle Group
CG
$17.2B
$2.15M 0.01%
49,900
-2,100
-4% -$88.1K
TTC icon
629
Toro Company
TTC
$9.4B
$2.14M 0.01%
24,632
-500
-2% -$45K
INGR icon
630
Ingredion
INGR
$6.53B
$2.13M 0.01%
15,488
-300
-2% -$38.2K
PRI icon
631
Primerica
PRI
$9.65B
$2.13M 0.01%
8,019
-300
-4% -$75.8K
NNN icon
632
NNN REIT
NNN
$8.8B
$2.11M 0.01%
43,584
-600
-1% -$27.7K
GME icon
633
GameStop
GME
$8.43B
$2.11M 0.01%
92,100
+27,200
+42% +$622K
GPK icon
634
Graphic Packaging
GPK
$3.53B
$2.11M 0.01%
71,300
-2,700
-4% -$76.8K
RL icon
635
Ralph Lauren
RL
$24.2B
$2.11M 0.01%
10,880
+200
+2% +$34.6K
HRB icon
636
H&R Block
HRB
$5.82B
$2.11M 0.01%
33,168
-400
-1% -$23.8K
DCI icon
637
Donaldson
DCI
$11.2B
$2.1M 0.01%
28,558
-400
-1% -$28.9K
SKX
638
DELISTED
Skechers
SKX
$2.1M 0.01%
31,444
-500
-2% -$32.8K
DINO icon
639
HF Sinclair
DINO
$15.2B
$2.1M 0.01%
47,200
+2,400
+5% +$115K
CIEN icon
640
Ciena
CIEN
$54.9B
$2.1M 0.01%
34,096
-700
-2% -$36.9K
RBC icon
641
RBC Bearings
RBC
$17.6B
$2.07M 0.01%
6,900
-100
-1% -$28.8K
KBR icon
642
KBR
KBR
$4.83B
$2.06M 0.01%
31,611
-700
-2% -$45.6K
PR
643
Permian Resources
PR
$17.8B
$2.05M 0.01%
150,700
+27,000
+22% +$397K
WEX icon
644
WEX
WEX
$6.35B
$2.05M 0.01%
9,775
-300
-3% -$55.9K
CROX icon
645
Crocs
CROX
$6.63B
$2.05M 0.01%
14,138
-500
-3% -$68.2K
MORN icon
646
Morningstar
MORN
$7.54B
$2.04M 0.01%
6,400
+100
+2% +$31.1K
CNM icon
647
Core & Main
CNM
$8.67B
$2.03M 0.01%
45,800
+4,600
+11% +$220K
FN icon
648
Fabrinet
FN
$18.9B
$2.03M 0.01%
+8,600
New +$1.99M
AIT icon
649
Applied Industrial Technologies
AIT
$13.2B
$2.03M 0.01%
9,100
-200
-2% -$40.8K
LAD icon
650
Lithia Motors
LAD
$8.35B
$2.03M 0.01%
6,387
-200
-3% -$55.8K
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
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.