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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
AA icon
676
Alcoa
AA
$13.2B
$1.72M 0.01%
43,275
-600
-1% -$23.2K
CR icon
677
Crane Co
CR
$12.7B
$1.72M 0.01%
11,872
-100
-0.8% -$14.2K
SSD icon
678
Simpson Manufacturing
SSD
$8.16B
$1.71M 0.01%
10,127
-400
-4% -$70K
OSK icon
679
Oshkosh
OSK
$9.59B
$1.7M 0.01%
15,708
-400
-2% -$46.3K
HLI icon
680
Houlihan Lokey
HLI
$9.02B
$1.7M 0.01%
12,600
-200
-2% -$26.2K
SEIC icon
681
SEI Investments
SEIC
$12.6B
$1.7M 0.01%
26,224
-400
-2% -$26.9K
KEX icon
682
Kirby Corp
KEX
$6.93B
$1.68M 0.01%
14,059
-500
-3% -$55.9K
MSA icon
683
Mine Safety
MSA
$7.49B
$1.68M 0.01%
8,955
-100
-1% -$18.6K
BRX icon
684
Brixmor Property Group
BRX
$9.32B
$1.68M 0.01%
72,607
-1,200
-2% -$26.5K
CIEN icon
685
Ciena
CIEN
$58.4B
$1.68M 0.01%
34,796
-800
-2% -$38K
PEN icon
686
Penumbra
PEN
$12.8B
$1.68M 0.01%
9,314
-200
-2% -$39.9K
MTDR icon
687
Matador Resources
MTDR
$6.09B
$1.67M 0.01%
28,000
+800
+3% +$50.2K
UFPI icon
688
UFP Industries
UFPI
$5.19B
$1.67M 0.01%
14,900
-300
-2% -$34.9K
CRUS icon
689
Cirrus Logic
CRUS
$6.26B
$1.66M 0.01%
13,041
-200
-2% -$21K
WCC
690
WESCO International
WCC
$17.7B
$1.66M 0.01%
10,500
-300
-3% -$51.1K
LAD icon
691
Lithia Motors
LAD
$8.26B
$1.66M 0.01%
6,587
-200
-3% -$52.4K
DTM icon
692
DT Midstream
DTM
$13.4B
$1.66M 0.01%
23,355
-500
-2% -$32.8K
H icon
693
Hyatt Hotels
H
$16.7B
$1.66M 0.01%
10,900
– –
MHK icon
694
Mohawk Industries
MHK
$9.22B
$1.65M 0.01%
14,545
+100
+0.7% +$11.6K
MTN icon
695
Vail Resorts
MTN
$5.3B
$1.64M 0.01%
9,100
-200
-2% -$39.8K
BIO icon
696
Bio-Rad Laboratories Class A
BIO
$9.42B
$1.63M 0.01%
5,950
+200
+3% +$58.2K
BERY
697
DELISTED
Berry Global Group, Inc.
BERY
$1.62M 0.01%
30,056
-981
-3% -$53.3K
JAZZ icon
698
Jazz Pharmaceuticals
JAZZ
$16.7B
$1.62M 0.01%
15,204
-2,560
-14% -$281K
RYAN icon
699
Ryan Specialty Holdings
RYAN
$11B
$1.62M 0.01%
+28,000
New +$1.49M
HALO icon
700
Halozyme
HALO
$12.2B
$1.6M 0.01%
30,638
-1,800
-6% -$78.9K
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
AM
AGF Management Toronto, Ontario, Canada $22.3B AUM 46.42% 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

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.