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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
TREX icon
701
Trex
TREX
$4.91B
$1.75M 0.01%
25,422
-400
-2% -$28.2K
BERY
702
DELISTED
Berry Global Group, Inc.
BERY
$1.75M 0.01%
27,100
-2,521
-9% -$166K
CR icon
703
Crane Co
CR
$12.7B
$1.74M 0.01%
11,472
-100
-0.9% -$16.5K
MASI
704
DELISTED
Masimo
MASI
$1.73M 0.01%
10,496
– –
ADC icon
705
Agree Realty
ADC
$9.22B
$1.73M 0.01%
24,500
+700
+3% +$52.1K
MIDD icon
706
Middleby
MIDD
$5.89B
$1.72M 0.01%
12,720
– –
SNV
707
DELISTED
Synovus
SNV
$1.72M 0.01%
33,504
-700
-2% -$36.3K
HRB icon
708
H&R Block
HRB
$5.82B
$1.72M 0.01%
32,468
-700
-2% -$41.1K
PB icon
709
Prosperity Bancshares
PB
$8.81B
$1.7M 0.01%
22,597
– –
MHK icon
710
Mohawk Industries
MHK
$9.19B
$1.7M 0.01%
14,245
– –
CHRD icon
711
Chord Energy
CHRD
$7.58B
$1.7M 0.01%
14,500
-200
-1% -$25.1K
FOUR icon
712
Shift4
FOUR
$3.41B
$1.69M 0.01%
+16,300
New +$1.62M
EXLS icon
713
EXL Service
EXLS
$5.32B
$1.69M 0.01%
38,100
-200
-0.5% -$8.65K
PARA
714
DELISTED
Paramount Global Class B
PARA
$1.69M 0.01%
161,512
-55,736
-26% -$599K
ELF icon
715
e.l.f. Beauty
ELF
$5.62B
$1.67M 0.01%
13,300
-100
-0.7% -$12K
MTN icon
716
Vail Resorts
MTN
$5.21B
$1.67M 0.01%
8,900
– –
MKSI icon
717
MKS Inc
MKSI
$19.8B
$1.66M 0.01%
15,940
– –
SSD icon
718
Simpson Manufacturing
SSD
$8B
$1.66M 0.01%
10,027
– –
DINO icon
719
HF Sinclair
DINO
$15.2B
$1.66M 0.01%
47,300
+100
+0.2% +$4.09K
VNO icon
720
Vornado Realty Trust
VNO
$7.26B
$1.65M 0.01%
39,300
– –
G icon
721
Genpact
G
$5.74B
$1.65M 0.01%
38,384
-500
-1% -$21.1K
FMC icon
722
FMC
FMC
$1.31B
$1.65M 0.01%
33,858
-100
-0.3% -$5.84K
WEX icon
723
WEX
WEX
$6.35B
$1.64M 0.01%
9,375
-400
-4% -$75K
BIO icon
724
Bio-Rad Laboratories Class A
BIO
$9.48B
$1.64M 0.01%
5,000
+100
+2% +$33.9K
ONB icon
725
Old National Bancorp
ONB
$10.1B
$1.64M 0.01%
75,542
-200
-0.3% -$4.16K
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 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.