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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
GNTX icon
651
Gentex
GNTX
$5.01B
$1.88M 0.01%
55,740
-1,500
-3% -$51.8K
RL icon
652
Ralph Lauren
RL
$24B
$1.87M 0.01%
10,680
– –
MORN icon
653
Morningstar
MORN
$7.65B
$1.86M 0.01%
6,300
-100
-2% -$29.6K
ALV icon
654
Autoliv
ALV
$8.91B
$1.86M 0.01%
17,400
-700
-4% -$83.3K
GMED icon
655
Globus Medical
GMED
$11.5B
$1.86M 0.01%
27,161
-1,200
-4% -$71.7K
DUOL icon
656
Duolingo
DUOL
$6.31B
$1.86M 0.01%
+8,900
New +$1.82M
IVZ icon
657
Invesco
IVZ
$14.1B
$1.84M 0.01%
123,198
– –
HRB icon
658
H&R Block
HRB
$5.86B
$1.82M 0.01%
33,568
-700
-2% -$34.8K
AXTA icon
659
Axalta
AXTA
$8.05B
$1.82M 0.01%
53,200
-800
-1% -$27.4K
FCN icon
660
FTI Consulting
FCN
$4.18B
$1.81M 0.01%
8,404
-100
-1% -$21.4K
EXP icon
661
Eagle Materials
EXP
$6.42B
$1.81M 0.01%
8,329
-100
-1% -$24.5K
NOV icon
662
NOV
NOV
$7.34B
$1.81M 0.01%
95,277
-1,500
-2% -$28.1K
INGR icon
663
Ingredion
INGR
$6.55B
$1.81M 0.01%
15,788
-200
-1% -$23.1K
AIT icon
664
Applied Industrial Technologies
AIT
$13.3B
$1.8M 0.01%
9,300
-200
-2% -$38.1K
HQY icon
665
HealthEquity
HQY
$8.88B
$1.8M 0.01%
20,922
-100
-0.5% -$8.08K
WBS icon
666
Webster Financial
WBS
$12.8B
$1.8M 0.01%
41,344
-900
-2% -$40.1K
BRBR icon
667
BellRing Brands
BRBR
$1.33B
$1.8M 0.01%
31,445
-700
-2% -$40.1K
FLR icon
668
Fluor
FLR
$7.44B
$1.79M 0.01%
41,197
-600
-1% -$25K
SWN
669
DELISTED
Southwestern Energy Company
SWN
$1.79M 0.01%
265,600
-4,900
-2% -$35.8K
AYI icon
670
Acuity Brands
AYI
$10.7B
$1.79M 0.01%
7,394
-100
-1% -$25.6K
WEX icon
671
WEX
WEX
$6.36B
$1.78M 0.01%
10,075
-400
-4% -$81.6K
EVR icon
672
Evercore
EVR
$11.5B
$1.77M 0.01%
8,505
– –
AZPN
673
DELISTED
Aspen Technology Inc
AZPN
$1.75M 0.01%
8,807
– –
OGE icon
674
OGE Energy
OGE
$9.59B
$1.72M 0.01%
48,314
-900
-2% -$31.6K
VOYA icon
675
Voya Financial
VOYA
$9.21B
$1.72M 0.01%
24,216
-1,100
-4% -$79.2K
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
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
CHP
Castle Hook Partners New York $23.4B AUM 158.96% 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.