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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
+6.54%
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
$20.2B
AUM Growth
+$708M
Cap. Flow
-$325M
Cap. Flow %
-1.61%
Top 10 Hldgs %
37.4%
Holding
964
New
14
Increased
120
Reduced
748
Closed
14

Top Buys

Rank Stock Value
1
CVS icon
CVS Health
CVS
+$71.4M
2
AAPL icon
Apple
AAPL
+$43.1M
3
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$39M
4
BURL icon
Burlington
BURL
+$28.1M
5
GOOG icon
Alphabet (Google) Class C
GOOG
+$22.1M

Top Sells

Rank Stock Value
1
BMY icon
Bristol-Myers Squibb
BMY
+$190M
2
NEE icon
NextEra Energy
NEE
+$109M
3
AGG icon
iShares Core US Aggregate Bond ETF
AGG
+$99.8M
4
CRWD icon
CrowdStrike
CRWD
+$66.3M
5
VZ icon
Verizon
VZ
+$42M

Sector Composition

Rank Sector Weight
1 Technology 27.25%
2 Healthcare 10.14%
3 Financials 9.55%
4 Communication Services 9.49%
5 Consumer Discretionary 8.85%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
VOYA icon
676
Voya Financial
VOYA
$9.09B
$1.85M 0.01%
23,316
-900
-4% -$64.2K
COKE icon
677
Coca-Cola Consolidated
COKE
$12.4B
$1.84M 0.01%
14,000
+3,000
+27% +$368K
RGEN icon
678
Repligen
RGEN
$9.21B
$1.84M 0.01%
12,353
-200
-2% -$28.7K
CR icon
679
Crane Co
CR
$12.7B
$1.83M 0.01%
11,572
-300
-3% -$45.2K
BEN icon
680
Franklin Resources
BEN
$17B
$1.82M 0.01%
90,095
+1,900
+2% +$40.9K
DTM icon
681
DT Midstream
DTM
$13.7B
$1.81M 0.01%
23,055
-300
-1% -$22.4K
LNTH icon
682
Lantheus
LNTH
$6.59B
$1.81M 0.01%
16,500
-200
-1% -$20.8K
BRKR icon
683
Bruker
BRKR
$8.58B
$1.81M 0.01%
26,193
+2,700
+11% +$174K
MTZ icon
684
MasTec
MTZ
$21.5B
$1.8M 0.01%
14,639
– –
ADC icon
685
Agree Realty
ADC
$9.22B
$1.79M 0.01%
23,800
-400
-2% -$28.3K
PEN icon
686
Penumbra
PEN
$12.8B
$1.79M 0.01%
9,214
-100
-1% -$18.9K
WCC
687
WESCO International
WCC
$17.9B
$1.78M 0.01%
10,600
+100
+1% +$16.2K
PNFP icon
688
Pinnacle Financial Partners Inc
PNFP
$15.8B
$1.78M 0.01%
18,127
-300
-2% -$27.6K
MIDD icon
689
Middleby
MIDD
$5.89B
$1.77M 0.01%
12,720
-200
-2% -$26.9K
RRC icon
690
Range Resources
RRC
$9.41B
$1.77M 0.01%
57,486
-1,000
-2% -$30.9K
SEIC icon
691
SEI Investments
SEIC
$12.6B
$1.77M 0.01%
25,524
-700
-3% -$46.7K
FR icon
692
First Industrial Realty Trust
FR
$8.36B
$1.76M 0.01%
31,468
-400
-1% -$21.6K
SSB icon
693
SouthState Bank Corp
SSB
$10.5B
$1.76M 0.01%
18,100
-300
-2% -$27.4K
EXEL icon
694
Exelixis
EXEL
$13.1B
$1.76M 0.01%
67,716
-2,500
-4% -$62.1K
FOX icon
695
Fox Class B
FOX
$23.6B
$1.75M 0.01%
45,231
-300
-0.7% -$10.8K
AAL icon
696
American Airlines Group
AAL
$9.93B
$1.75M 0.01%
155,900
-23,805
-13% -$252K
TMHC
697
DELISTED
Taylor Morrison
TMHC
$1.74M 0.01%
24,795
-700
-3% -$44.8K
LSCC icon
698
Lattice Semiconductor
LSCC
$18.2B
$1.73M 0.01%
32,662
-3,300
-9% -$169K
MKSI icon
699
MKS Inc
MKSI
$19.8B
$1.73M 0.01%
15,940
+700
+5% +$83.2K
AAON icon
700
Aaon
AAON
$7.31B
$1.73M 0.01%
16,000
-400
-2% -$36.5K
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 Q3 2024 Portfolio in Review

As of Q3 2024, State of Michigan Retirement System held 964 positions worth $20.2B, up 3.6% from $19.5B the previous quarter. Its ten largest holdings account for 37% of the portfolio.

Trading was light in Q3 2024: portfolio turnover was 2.9%. State of Michigan Retirement System opened 14 new positions and exited 14, leaving the 964-position portfolio largely intact.

By sector, the portfolio is most concentrated in Technology at 27% of assets, down from 28% a quarter earlier, followed by Healthcare and Financials.

  • State of Michigan Retirement System's largest Q3 2024 buy was Grayscale Ethereum Staking ETF Shares: 460,000 shares worth $10.1M.
  • State of Michigan Retirement System added most to CVS Health in Q3 2024, an estimated $71.4M increase.
  • State of Michigan Retirement System's biggest Q3 2024 reduction was Bristol-Myers Squibb, cutting an estimated $190M.
  • State of Michigan Retirement System fully exited Novo Nordisk in Q3 2024, selling an estimated $28.5M.
  • State of Michigan Retirement System's ten largest holdings make up 37% of its $20.2B portfolio in Q3 2024.
  • State of Michigan Retirement System opened 14 new positions and closed 14 in Q3 2024.
  • State of Michigan Retirement System's portfolio value rose 3.6% quarter-over-quarter to $20.2B.

Based on State of Michigan Retirement System's 13F filing for Q3 2024, filed 4 Nov 2024.