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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
BLD
626
DELISTED
TopBuild
BLD
$2.17M 0.01%
6,957
-200
-3% -$73.3K
PEN icon
627
Penumbra
PEN
$12.8B
$2.16M 0.01%
9,114
-100
-1% -$22.7K
WYNN icon
628
Wynn Resorts
WYNN
$10.6B
$2.16M 0.01%
25,072
-400
-2% -$37.8K
WAL icon
629
Western Alliance Bancorporation
WAL
$8.78B
$2.16M 0.01%
25,800
-100
-0.4% -$8.8K
MORN icon
630
Morningstar
MORN
$7.54B
$2.16M 0.01%
6,400
– –
CACI icon
631
CACI
CACI
$14.3B
$2.15M 0.01%
5,321
– –
PRI icon
632
Primerica
PRI
$9.65B
$2.15M 0.01%
7,919
-100
-1% -$28.4K
MLI icon
633
Mueller Industries
MLI
$15.2B
$2.13M 0.01%
+53,800
New +$2.19M
IVZ icon
634
Invesco
IVZ
$14B
$2.13M 0.01%
121,998
-600
-0.5% -$10.7K
MGM icon
635
MGM Resorts International
MGM
$10.9B
$2.13M 0.01%
61,444
-1,400
-2% -$52.9K
INGR icon
636
Ingredion
INGR
$6.53B
$2.12M 0.01%
15,388
-100
-0.6% -$14.1K
SNX icon
637
TD Synnex
SNX
$20.3B
$2.1M 0.01%
17,921
-100
-0.6% -$12K
AYI icon
638
Acuity Brands
AYI
$10.6B
$2.1M 0.01%
7,194
-100
-1% -$31.2K
SKX
639
DELISTED
Skechers
SKX
$2.09M 0.01%
31,144
-300
-1% -$19.5K
SEIC icon
640
SEI Investments
SEIC
$12.6B
$2.08M 0.01%
25,224
-300
-1% -$23.5K
AZPN
641
DELISTED
Aspen Technology Inc
AZPN
$2.07M 0.01%
8,307
-100
-1% -$24.4K
PNFP icon
642
Pinnacle Financial Partners Inc
PNFP
$15.8B
$2.07M 0.01%
18,127
– –
RRC icon
643
Range Resources
RRC
$9.41B
$2.06M 0.01%
57,186
-300
-0.5% -$9.92K
CE icon
644
Celanese
CE
$4.88B
$2.05M 0.01%
29,652
-100
-0.3% -$9.61K
RGLD icon
645
Royal Gold
RGLD
$19.8B
$2.05M 0.01%
15,548
-100
-0.6% -$14.4K
PCTY icon
646
Paylocity
PCTY
$7.73B
$2.05M 0.01%
10,272
– –
CFR icon
647
Cullen/Frost Bankers
CFR
$10.3B
$2.04M 0.01%
15,164
– –
REXR icon
648
Rexford Industrial Realty
REXR
$8.13B
$2.03M 0.01%
52,582
+600
+1% +$25.8K
NYT icon
649
New York Times
NYT
$10.5B
$2.01M 0.01%
38,616
-200
-0.5% -$10.9K
CRS icon
650
Carpenter Technology
CRS
$27.8B
$2M 0.01%
+11,800
New +$2.02M
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 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.