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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
(+4.6%)
Cap. Flow
+$202M
Cap. Flow
% of AUM
1.04%
Top 10 Holdings %
Top 10 Hldgs %
37.69%
Holding
972
New
17
Increased
273
Reduced
579
Closed
22
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Core US Aggregate Bond ETF
AGG
|
+$496M |
| 2 |
Bristol-Myers Squibb
BMY
|
+$127M |
| 3 |
CVS Health
CVS
|
+$100M |
| 4 |
Kroger
KR
|
+$38.3M |
| 5 |
Burlington
BURL
|
+$34M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Verizon
VZ
|
+$238M |
| 2 |
iShares MBS ETF
MBB
|
+$88M |
| 3 |
Apollo Global Management
APO
|
+$74.8M |
| 4 |
OneMain Financial
OMF
|
+$58M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
701
GameStop
GME
$8.6B
| $1.6M | 0.01% |
64,900
-1,100
| -2% | -$21.8K |
|
702
Middleby
MIDD
$6.08B
| $1.58M | 0.01% |
12,920
-200
| -2% | -$27.1K |
|
703
Commerce Bancshares
CBSH
$8.5B
| $1.58M | 0.01% |
31,290
-772
| -2% | -$38.2K |
|
704
STAG Industrial
STAG
$7.19B
| $1.58M | 0.01% |
43,900
-700
| -2% | -$24.9K |
|
705
Repligen
RGEN
$9.25B
| $1.58M | 0.01% |
12,553
-200
| -2% | -$31.3K |
|
706
Landstar System
LSTR
$6.21B
| $1.58M | 0.01% |
8,570
-300
| -3% | -$54.1K |
|
707
Exelixis
EXEL
$13.4B
| $1.58M | 0.01% |
70,216
-4,200
| -6% | -$93.2K |
|
708
Cullen/Frost Bankers
CFR
$10.2B
| $1.57M | 0.01% |
15,464
-300
| -2% | -$31.4K |
|
709
MasTec
MTZ
$21.9B
| $1.57M | 0.01% |
14,639
-200
| -1% | -$20.2K |
|
710
Lear
LEA
$8.18B
| $1.56M | 0.01% |
13,655
-4,738
| -26% | -$606K |
|
711
Planet Fitness
PLNT
$3.78B
| $1.55M | 0.01% |
21,100
+100
| +0.5% | +$6.49K |
|
712
Zions Bancorporation
ZION
$10.3B
| $1.54M | 0.01% |
35,600
-800
| -2% | -$33.8K |
|
713
Arrow Electronics
ARW
$10.4B
| $1.54M | 0.01% |
12,775
-400
| -3% | -$51.1K |
|
714
TKO Group
TKO
$13.6B
| $1.53M | 0.01% |
14,210
-500
| -3% | -$50.8K |
|
|
CIVI
715
DELISTED
Civitas Resources
CIVI
| $1.53M | 0.01% |
22,200
+1,100
| +5% | +$79.6K |
|
716
Commercial Metals
CMC
$8.31B
| $1.53M | 0.01% |
27,837
-700
| -2% | -$38.6K |
|
717
Rambus
RMBS
$11B
| $1.53M | 0.01% |
26,000
-400
| -2% | -$22.9K |
|
|
CHX
718
DELISTED
ChampionX
CHX
| $1.52M | 0.01% |
45,895
-1,000
| -2% | -$34.1K |
|
719
Flowserve
FLS
$10.2B
| $1.52M | 0.01% |
31,668
-600
| -2% | -$28.7K |
|
720
Littelfuse
LFUS
$11.6B
| $1.52M | 0.01% |
5,953
-200
| -3% | -$49.5K |
|
721
First Industrial Realty Trust
FR
$8.44B
| $1.51M | 0.01% |
31,868
-600
| -2% | -$28.7K |
|
722
Acadia Healthcare
ACHC
$2.94B
| $1.51M | 0.01% |
22,330
-300
| -1% | -$20.9K |
|
723
Healthcare Realty
HR
$6.84B
| $1.5M | 0.01% |
91,153
-2,400
| -3% | -$36.7K |
|
724
Bruker
BRKR
$8.14B
| $1.5M | 0.01% |
23,493
+700
| +3% | +$52.7K |
|
725
Agree Realty
ADC
$9.41B
| $1.5M | 0.01% |
24,200
-400
| -2% | -$23.6K |
|
Similar funds
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BA
AM
CAM
DSA
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.