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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
AXTA icon
676
Axalta
AXTA
$8.01B
$1.86M 0.01%
54,000
+1,200
+2% +$39.2K
WCC
677
WESCO International
WCC
$17.9B
$1.85M 0.01%
10,800
+300
+3% +$49.6K
JEF icon
678
Jefferies Financial Group
JEF
$12.8B
$1.84M 0.01%
41,616
+1,200
+3% +$50K
PCTY icon
679
Paylocity
PCTY
$7.73B
$1.83M 0.01%
10,672
+300
+3% +$49.5K
MTDR icon
680
Matador Resources
MTDR
$6.46B
$1.82M 0.01%
27,200
+600
+2% +$35.7K
OLED icon
681
Universal Display
OLED
$4.16B
$1.8M 0.01%
10,705
+300
+3% +$52.2K
CHRD icon
682
Chord Energy
CHRD
$7.58B
$1.8M 0.01%
10,100
+200
+2% +$32.2K
ACHC icon
683
Acadia Healthcare
ACHC
$2.96B
$1.79M 0.01%
22,630
+500
+2% +$40.9K
CGNX icon
684
Cognex
CGNX
$10.8B
$1.79M 0.01%
42,253
+1,000
+2% +$38.9K
FCN icon
685
FTI Consulting
FCN
$4.17B
$1.79M 0.01%
8,504
– –
CFR icon
686
Cullen/Frost Bankers
CFR
$10.3B
$1.77M 0.01%
15,764
+400
+3% +$42.8K
FLR icon
687
Fluor
FLR
$6.99B
$1.77M 0.01%
41,797
+900
+2% +$34.5K
EXEL icon
688
Exelixis
EXEL
$13.1B
$1.77M 0.01%
74,416
-200
-0.3% -$4.45K
CIEN icon
689
Ciena
CIEN
$54.9B
$1.76M 0.01%
35,596
+100
+0.3% +$5.28K
MSA icon
690
Mine Safety
MSA
$7.45B
$1.75M 0.01%
9,055
+200
+2% +$35.2K
H icon
691
Hyatt Hotels
H
$16B
$1.74M 0.01%
10,900
+300
+3% +$42.3K
NYT icon
692
New York Times
NYT
$10.5B
$1.74M 0.01%
40,216
+1,000
+3% +$45.5K
BRX icon
693
Brixmor Property Group
BRX
$9.15B
$1.73M 0.01%
73,807
+1,700
+2% +$38.6K
BERY
694
DELISTED
Berry Global Group, Inc.
BERY
$1.72M 0.01%
31,037
+218
+0.7% +$12.4K
VNT icon
695
Vontier
VNT
$4.63B
$1.72M 0.01%
37,915
+900
+2% +$35.1K
MAT icon
696
Mattel
MAT
$4.21B
$1.72M 0.01%
86,733
+2,000
+2% +$37.9K
HQY icon
697
HealthEquity
HQY
$8.93B
$1.72M 0.01%
21,022
+500
+2% +$39K
STAG icon
698
STAG Industrial
STAG
$7.09B
$1.71M 0.01%
44,600
+1,000
+2% +$37.9K
LSTR icon
699
Landstar System
LSTR
$6.05B
$1.71M 0.01%
8,870
+200
+2% +$38K
FR icon
700
First Industrial Realty Trust
FR
$8.36B
$1.71M 0.01%
32,468
+700
+2% +$37K
26 27
28
29 30

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.