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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
KD icon
676
Kyndryl
KD
$2.97B
$1.9M 0.01%
55,034
+100
+0.2% +$2.91K
ZION icon
677
Zions Bancorporation
ZION
$10.3B
$1.9M 0.01%
35,000
-100
-0.3% -$5.48K
FN icon
678
Fabrinet
FN
$18.9B
$1.89M 0.01%
8,600
– –
BWA icon
679
BorgWarner
BWA
$14.1B
$1.89M 0.01%
59,388
-2,600
-4% -$88.5K
AAON icon
680
Aaon
AAON
$7.31B
$1.88M 0.01%
16,000
– –
EGP icon
681
EastGroup Properties
EGP
$10.9B
$1.88M 0.01%
11,727
+200
+2% +$34.6K
WH icon
682
Wyndham Hotels & Resorts
WH
$5.29B
$1.86M 0.01%
18,453
-300
-2% -$27.8K
CHE icon
683
Chemed
CHE
$7.18B
$1.86M 0.01%
3,509
-100
-3% -$56.4K
LSCC icon
684
Lattice Semiconductor
LSCC
$18.2B
$1.85M 0.01%
32,662
– –
BEN icon
685
Franklin Resources
BEN
$17B
$1.85M 0.01%
91,095
+1,000
+1% +$21.1K
KBR icon
686
KBR
KBR
$4.83B
$1.83M 0.01%
31,511
-100
-0.3% -$6.38K
FYBR
687
DELISTED
Frontier Communications
FYBR
$1.82M 0.01%
52,500
– –
NNN icon
688
NNN REIT
NNN
$8.8B
$1.81M 0.01%
44,384
+800
+2% +$35.4K
X
689
DELISTED
US Steel
X
$1.81M 0.01%
53,299
+200
+0.4% +$7.38K
ANF icon
690
Abercrombie & Fitch
ANF
$5.27B
$1.81M 0.01%
12,100
– –
CBSH icon
691
Commerce Bancshares
CBSH
$8.44B
$1.81M 0.01%
30,423
-316
-1% -$19.1K
LNW
692
DELISTED
Light & Wonder
LNW
$1.81M 0.01%
20,899
-200
-0.9% -$18.7K
SSB icon
693
SouthState Bank Corp
SSB
$10.5B
$1.8M 0.01%
18,100
– –
ENSG icon
694
The Ensign Group
ENSG
$10.7B
$1.79M 0.01%
13,500
+100
+0.7% +$14.5K
FLS icon
695
Flowserve
FLS
$10.1B
$1.79M 0.01%
31,068
-100
-0.3% -$5.74K
MTSI icon
696
MACOM Technology Solutions
MTSI
$22.7B
$1.78M 0.01%
13,700
– –
RGEN icon
697
Repligen
RGEN
$9.21B
$1.78M 0.01%
12,353
– –
AXTA icon
698
Axalta
AXTA
$8.01B
$1.77M 0.01%
51,600
-500
-1% -$18.8K
COKE icon
699
Coca-Cola Consolidated
COKE
$12.4B
$1.76M 0.01%
14,000
– –
JAZZ icon
700
Jazz Pharmaceuticals
JAZZ
$16.7B
$1.76M 0.01%
14,304
-400
-3% -$47.1K
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 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.