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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
HALO icon
701
Halozyme
HALO
$12.2B
$1.72M 0.01%
30,038
-600
-2% -$34.4K
TREX icon
702
Trex
TREX
$4.91B
$1.72M 0.01%
25,822
-400
-2% -$28.1K
WTFC icon
703
Wintrust Financial
WTFC
$10.7B
$1.71M 0.01%
15,763
+900
+6% +$93.9K
CFR icon
704
Cullen/Frost Bankers
CFR
$10.3B
$1.7M 0.01%
15,164
-300
-2% -$32.8K
PCTY icon
705
Paylocity
PCTY
$7.73B
$1.69M 0.01%
10,272
-200
-2% -$30.4K
SAIC icon
706
Saic
SAIC
$5.3B
$1.69M 0.01%
12,155
-200
-2% -$25.3K
ANF icon
707
Abercrombie & Fitch
ANF
$5.27B
$1.69M 0.01%
+12,100
New +$1.84M
STAG icon
708
STAG Industrial
STAG
$7.09B
$1.69M 0.01%
43,200
-700
-2% -$27.4K
HQY icon
709
HealthEquity
HQY
$8.93B
$1.69M 0.01%
20,622
-300
-1% -$23.1K
KEX icon
710
Kirby Corp
KEX
$7B
$1.68M 0.01%
13,759
-300
-2% -$35.8K
ARW icon
711
Arrow Electronics
ARW
$10.3B
$1.67M 0.01%
12,575
-200
-2% -$25.4K
MSA icon
712
Mine Safety
MSA
$7.45B
$1.66M 0.01%
9,355
+400
+4% +$72.7K
ZION icon
713
Zions Bancorporation
ZION
$10.3B
$1.66M 0.01%
35,100
-500
-1% -$23.7K
CBSH icon
714
Commerce Bancshares
CBSH
$8.44B
$1.66M 0.01%
30,739
-551
-2% -$30.6K
CGNX icon
715
Cognex
CGNX
$10.8B
$1.65M 0.01%
40,753
-600
-1% -$25.6K
BIO icon
716
Bio-Rad Laboratories Class A
BIO
$9.48B
$1.64M 0.01%
4,900
-1,050
-18% -$333K
JAZZ icon
717
Jazz Pharmaceuticals
JAZZ
$16.7B
$1.64M 0.01%
14,704
-500
-3% -$54.8K
PLNT icon
718
Planet Fitness
PLNT
$3.7B
$1.63M 0.01%
20,100
-1,000
-5% -$78.3K
PB icon
719
Prosperity Bancshares
PB
$8.81B
$1.63M 0.01%
22,597
-500
-2% -$34.9K
H icon
720
Hyatt Hotels
H
$16B
$1.63M 0.01%
10,700
-200
-2% -$29.5K
ALV icon
721
Autoliv
ALV
$8.92B
$1.62M 0.01%
17,400
– –
GNTX icon
722
Gentex
GNTX
$5.02B
$1.62M 0.01%
54,640
-1,100
-2% -$34.2K
ESNT icon
723
Essent Group
ESNT
$6.23B
$1.62M 0.01%
25,233
-500
-2% -$30.6K
HLNE icon
724
Hamilton Lane
HLNE
$5.53B
$1.62M 0.01%
+9,600
New +$1.39M
FAF icon
725
First American
FAF
$7.37B
$1.61M 0.01%
24,464
-500
-2% -$30.5K
27 28
29
30 31

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.