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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
FLR icon
651
Fluor
FLR
$7.3B
$2M 0.01%
40,597
-100
-0.2% -$5.27K
ORI icon
652
Old Republic International
ORI
$10.3B
$2M 0.01%
55,278
-1,200
-2% -$43.8K
DVA icon
653
DaVita
DVA
$11.7B
$1.99M 0.01%
13,339
-300
-2% -$47K
MEDP icon
654
Medpace
MEDP
$16.8B
$1.99M 0.01%
5,999
– –
HAS icon
655
Hasbro
HAS
$13.3B
$1.99M 0.01%
35,612
-100
-0.3% -$6.53K
BRX icon
656
Brixmor Property Group
BRX
$9.15B
$1.99M 0.01%
71,507
– –
HQY icon
657
HealthEquity
HQY
$8.93B
$1.99M 0.01%
20,722
+100
+0.5% +$9.32K
MTZ icon
658
MasTec
MTZ
$21.5B
$1.98M 0.01%
14,539
-100
-0.7% -$13.4K
PLNT icon
659
Planet Fitness
PLNT
$3.7B
$1.97M 0.01%
19,900
-200
-1% -$18.3K
WTFC icon
660
Wintrust Financial
WTFC
$10.7B
$1.97M 0.01%
15,763
– –
OGE icon
661
OGE Energy
OGE
$9.54B
$1.96M 0.01%
47,614
-100
-0.2% -$4.16K
EXP icon
662
Eagle Materials
EXP
$6.47B
$1.96M 0.01%
7,929
-100
-1% -$28.9K
WING icon
663
Wingstop
WING
$3.2B
$1.95M 0.01%
6,872
-100
-1% -$34K
ONTO icon
664
Onto Innovation
ONTO
$14.5B
$1.95M 0.01%
11,700
– –
TTC icon
665
Toro Company
TTC
$9.4B
$1.95M 0.01%
24,332
-300
-1% -$25.2K
FOX icon
666
Fox Class B
FOX
$23.6B
$1.94M 0.01%
42,431
-2,800
-6% -$118K
GPK icon
667
Graphic Packaging
GPK
$3.53B
$1.93M 0.01%
71,100
-200
-0.3% -$5.78K
WMS icon
668
Advanced Drainage Systems
WMS
$10.7B
$1.93M 0.01%
16,700
– –
CZR icon
669
Caesars Entertainment
CZR
$6.13B
$1.93M 0.01%
57,697
-1,200
-2% -$47.5K
BF.B icon
670
Brown-Forman Class B
BF.B
$12.9B
$1.92M 0.01%
50,681
-1,400
-3% -$61.6K
CMA
671
DELISTED
Comerica
CMA
$1.92M 0.01%
+31,100
New +$2.02M
WCC
672
WESCO International
WCC
$17.9B
$1.92M 0.01%
10,600
– –
BILL icon
673
BILL Holdings
BILL
$4.91B
$1.91M 0.01%
+22,600
New +$1.69M
DCI icon
674
Donaldson
DCI
$11.2B
$1.91M 0.01%
28,358
-200
-0.7% -$14.8K
GTLS
675
DELISTED
Chart Industries
GTLS
$1.91M 0.01%
10,000
– –
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 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.