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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
+14.11%
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
$18.6B
AUM Growth
+$1.79B
Cap. Flow
+$12.3M
Cap. Flow %
0.07%
Top 10 Hldgs %
34.69%
Holding
974
New
16
Increased
601
Reduced
158
Closed
19

Top Buys

Rank Stock Value
1
NEE icon
NextEra Energy
NEE
+$132M
2
MBB icon
iShares MBS ETF
MBB
+$94.8M
3
BMY icon
Bristol-Myers Squibb
BMY
+$66.2M
4
SMCI icon
Super Micro Computer
SMCI
+$40.2M
5
MSFT icon
Microsoft
MSFT
+$40.2M

Top Sells

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$117M
2
AGG icon
iShares Core US Aggregate Bond ETF
AGG
+$97M
3
PANW icon
Palo Alto Networks
PANW
+$66.1M
4
APO icon
Apollo Global Management
APO
+$52.8M
5
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$32.1M

Sector Composition

Rank Sector Weight
1 Technology 26.33%
2 Financials 10.76%
3 Communication Services 10.57%
4 Healthcare 9.84%
5 Consumer Discretionary 8.58%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
KO icon
51
Coca-Cola
KO
$375B
$68.5M 0.37%
1,120,048
+800
+0.1% +$48.1K
SMCI icon
52
Super Micro Computer
SMCI
$20.1B
$67.4M 0.36%
667,000
+549,000
+465% +$40.2M
INTC icon
53
Intel
INTC
$513B
$65.1M 0.35%
1,474,283
+4,200
+0.3% +$187K
LIN icon
54
Linde
LIN
$226B
$64.8M 0.35%
139,504
+100
+0.1% +$43.3K
ACN icon
55
Accenture
ACN
$108B
$63M 0.34%
181,738
– –
WFC icon
56
Wells Fargo
WFC
$264B
$61.6M 0.33%
1,062,549
-8,200
-0.8% -$429K
CMG icon
57
Chipotle Mexican Grill
CMG
$41.5B
$60.2M 0.32%
1,034,900
– –
OMF icon
58
OneMain Financial
OMF
$7.47B
$58M 0.31%
1,135,000
-75,000
-6% -$3.58M
MCD icon
59
McDonald's
MCD
$195B
$56M 0.3%
198,715
+100
+0.1% +$29.1K
AMAT icon
60
Applied Materials
AMAT
$428B
$56M 0.3%
271,355
-1,000
-0.4% -$183K
IBM icon
61
IBM
IBM
$224B
$55.4M 0.3%
289,986
+700
+0.2% +$128K
ORCL icon
62
Oracle
ORCL
$423B
$54.9M 0.3%
436,832
+1,800
+0.4% +$206K
QCOM icon
63
Qualcomm
QCOM
$176B
$54.5M 0.29%
322,066
+1,000
+0.3% +$155K
ABT icon
64
Abbott
ABT
$187B
$54.1M 0.29%
475,657
+500
+0.1% +$57.3K
GE icon
65
GE Aerospace
GE
$384B
$52.3M 0.28%
373,596
+251
+0.1% +$29.6K
CAT icon
66
Caterpillar
CAT
$387B
$51.1M 0.27%
139,472
-200
-0.1% -$63.9K
VLUE icon
67
iShares MSCI USA Value Factor ETF
VLUE
$9.47B
$49.4M 0.27%
456,400
+132,900
+41% +$13.6M
PFE icon
68
Pfizer
PFE
$153B
$49.4M 0.27%
1,778,484
+1,200
+0.1% +$33.3K
CMCSA icon
69
Comcast
CMCSA
$90B
$47.1M 0.25%
1,085,689
-13,700
-1% -$591K
COP icon
70
ConocoPhillips
COP
$141B
$46.6M 0.25%
365,791
-2,300
-0.6% -$262K
TXN icon
71
Texas Instruments
TXN
$261B
$46.2M 0.25%
265,165
+500
+0.2% +$83.4K
DHR icon
72
Danaher
DHR
$144B
$45M 0.24%
180,146
+100
+0.1% +$24.4K
UBER icon
73
Uber
UBER
$153B
$43.4M 0.23%
563,800
-2,317
-0.4% -$166K
NOW icon
74
ServiceNow
NOW
$129B
$42.8M 0.23%
280,775
– –
AMGN icon
75
Amgen
AMGN
$222B
$41.7M 0.22%
146,597
+100
+0.1% +$29.3K
1 2
3
4 5

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
AM
AGF Management Toronto, Ontario, Canada $22.3B AUM 46.42% 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
Luther King Capital Management (LKCM)
Luther King Capital Management (LKCM) Fort Worth, Texas $23.1B AUM 21.31% 1-Year Est. Return
DSA
Davis Selected Advisers Tucson, Arizona $21.8B AUM 23.45% 1-Year Est. Return

State of Michigan Retirement System's Q1 2024 Portfolio in Review

As of Q1 2024, State of Michigan Retirement System held 974 positions worth $18.6B, up 11% from $16.8B the previous quarter. Its ten largest holdings account for 35% of the portfolio.

Trading was light in Q1 2024: portfolio turnover was 3.6%. State of Michigan Retirement System opened 16 new positions and exited 19, leaving the 974-position portfolio largely intact.

By sector, the portfolio is most concentrated in Technology at 26% of assets, up from 25% a quarter earlier, followed by Financials and Communication Services.

  • State of Michigan Retirement System's largest Q1 2024 buy was Arm: 228,200 shares worth $28.5M.
  • State of Michigan Retirement System added most to NextEra Energy in Q1 2024, an estimated $132M increase.
  • State of Michigan Retirement System's biggest Q1 2024 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $117M.
  • State of Michigan Retirement System fully exited iShares Core US Aggregate Bond ETF in Q1 2024, selling an estimated $97M.
  • State of Michigan Retirement System's ten largest holdings make up 35% of its $18.6B portfolio in Q1 2024.
  • State of Michigan Retirement System opened 16 new positions and closed 19 in Q1 2024.
  • State of Michigan Retirement System's portfolio value rose 11% quarter-over-quarter to $18.6B.

Based on State of Michigan Retirement System's 13F filing for Q1 2024, filed 18 Apr 2024.