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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
+14.11%
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
$18.6B
AUM Growth
+$1.79B
Cap. Flow
+$12.3M
Cap. Flow %
0.07%
Top 10 Hldgs %
34.69%
Holding
974
New
16
Increased
601
Reduced
158
Closed
19

Top Buys

Rank Stock Value
1
NEE icon
NextEra Energy
NEE
+$132M
2
MBB icon
iShares MBS ETF
MBB
+$94.8M
3
BMY icon
Bristol-Myers Squibb
BMY
+$66.2M
4
SMCI icon
Super Micro Computer
SMCI
+$40.2M
5
MSFT icon
Microsoft
MSFT
+$40.2M

Top Sells

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$117M
2
AGG icon
iShares Core US Aggregate Bond ETF
AGG
+$97M
3
PANW icon
Palo Alto Networks
PANW
+$66.1M
4
APO icon
Apollo Global Management
APO
+$52.8M
5
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$32.1M

Sector Composition

Rank Sector Weight
1 Technology 26.33%
2 Financials 10.76%
3 Communication Services 10.57%
4 Healthcare 9.84%
5 Consumer Discretionary 8.58%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
RL icon
651
Ralph Lauren
RL
$24.2B
$2.01M 0.01%
10,680
-200
-2% -$33.1K
DAR icon
652
Darling Ingredients
DAR
$9.91B
$2M 0.01%
43,074
+900
+2% +$39.6K
PR
653
Permian Resources
PR
$17.8B
$1.99M 0.01%
112,700
+22,300
+25% +$327K
CMA
654
DELISTED
Comerica
CMA
$1.99M 0.01%
36,170
+100
+0.3% +$5.22K
BIO icon
655
Bio-Rad Laboratories Class A
BIO
$9.48B
$1.99M 0.01%
5,750
– –
MORN icon
656
Morningstar
MORN
$7.54B
$1.97M 0.01%
6,400
+200
+3% +$57.6K
ORI icon
657
Old Republic International
ORI
$10.3B
$1.97M 0.01%
64,078
+1,500
+2% +$43.6K
RGLD icon
658
Royal Gold
RGLD
$19.8B
$1.97M 0.01%
16,148
+400
+3% +$45.2K
COHR icon
659
Coherent
COHR
$63.6B
$1.96M 0.01%
32,406
+800
+3% +$43.9K
SF
660
Stifel
SF
$12.6B
$1.96M 0.01%
37,631
+900
+2% +$44.3K
MUSA icon
661
Murphy USA
MUSA
$10.2B
$1.94M 0.01%
4,624
– –
XRAY icon
662
Dentsply Sirona
XRAY
$2.32B
$1.93M 0.01%
58,060
+100
+0.2% +$3.42K
RBC icon
663
RBC Bearings
RBC
$17.6B
$1.92M 0.01%
7,100
+100
+1% +$27K
SEIC icon
664
SEI Investments
SEIC
$12.6B
$1.91M 0.01%
26,624
+500
+2% +$33.2K
NNN icon
665
NNN REIT
NNN
$8.8B
$1.91M 0.01%
44,784
+1,000
+2% +$41.6K
OHI icon
666
Omega Healthcare
OHI
$14.4B
$1.91M 0.01%
60,263
+1,500
+3% +$45.6K
BRBR icon
667
BellRing Brands
BRBR
$1.32B
$1.9M 0.01%
32,145
+600
+2% +$34.2K
MHK icon
668
Mohawk Industries
MHK
$9.19B
$1.89M 0.01%
14,445
– –
NOV icon
669
NOV
NOV
$7.38B
$1.89M 0.01%
96,777
+2,300
+2% +$42.8K
AZPN
670
DELISTED
Aspen Technology Inc
AZPN
$1.88M 0.01%
8,807
+200
+2% +$39.4K
AGCO icon
671
AGCO
AGCO
$7.06B
$1.88M 0.01%
15,258
+300
+2% +$34.9K
AIT icon
672
Applied Industrial Technologies
AIT
$13.2B
$1.88M 0.01%
+9,500
New +$1.74M
VOYA icon
673
Voya Financial
VOYA
$9.08B
$1.87M 0.01%
25,316
+300
+1% +$21.1K
UFPI icon
674
UFP Industries
UFPI
$5.01B
$1.87M 0.01%
15,200
+400
+3% +$46.5K
INGR icon
675
Ingredion
INGR
$6.53B
$1.87M 0.01%
15,988
+300
+2% +$33.8K
25 26
27
28 29

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 Q1 2024 Portfolio in Review

As of Q1 2024, State of Michigan Retirement System held 974 positions worth $18.6B, up 11% from $16.8B the previous quarter. Its ten largest holdings account for 35% of the portfolio.

Trading was light in Q1 2024: portfolio turnover was 3.6%. State of Michigan Retirement System opened 16 new positions and exited 19, leaving the 974-position portfolio largely intact.

By sector, the portfolio is most concentrated in Technology at 26% of assets, up from 25% a quarter earlier, followed by Financials and Communication Services.

  • State of Michigan Retirement System's largest Q1 2024 buy was Arm: 228,200 shares worth $28.5M.
  • State of Michigan Retirement System added most to NextEra Energy in Q1 2024, an estimated $132M increase.
  • State of Michigan Retirement System's biggest Q1 2024 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $117M.
  • State of Michigan Retirement System fully exited iShares Core US Aggregate Bond ETF in Q1 2024, selling an estimated $97M.
  • State of Michigan Retirement System's ten largest holdings make up 35% of its $18.6B portfolio in Q1 2024.
  • State of Michigan Retirement System opened 16 new positions and closed 19 in Q1 2024.
  • State of Michigan Retirement System's portfolio value rose 11% quarter-over-quarter to $18.6B.

Based on State of Michigan Retirement System's 13F filing for Q1 2024, filed 18 Apr 2024.