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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
Cap. Flow
+$202M
Cap. Flow %
1.04%
Top 10 Hldgs %
37.69%
Holding
972
New
17
Increased
273
Reduced
579
Closed
22

Top Buys

Rank Stock Value
1
AGG icon
iShares Core US Aggregate Bond ETF
AGG
+$496M
2
BMY icon
Bristol-Myers Squibb
BMY
+$127M
3
CVS icon
CVS Health
CVS
+$100M
4
KR icon
Kroger
KR
+$38.3M
5
BURL icon
Burlington
BURL
+$34M

Top Sells

Rank Stock Value
1
VZ icon
Verizon
VZ
+$238M
2
MBB icon
iShares MBS ETF
MBB
+$88M
3
APO icon
Apollo Global Management
APO
+$74.8M
4
OMF icon
OneMain Financial
OMF
+$58M
5
INTU icon
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
CMG icon
51
Chipotle Mexican Grill
CMG
$41.5B
$64.5M 0.33%
1,029,900
-5,000
-0.5% -$311K
QCOM icon
52
Qualcomm
QCOM
$176B
$64.5M 0.33%
323,866
+1,800
+0.6% +$340K
ORCL icon
53
Oracle
ORCL
$423B
$61.7M 0.32%
436,632
-200
-0% -$24.8K
LIN icon
54
Linde
LIN
$226B
$60.5M 0.31%
137,904
-1,600
-1% -$704K
WFC icon
55
Wells Fargo
WFC
$264B
$60.1M 0.31%
1,012,749
-49,800
-5% -$2.94M
ACN icon
56
Accenture
ACN
$108B
$55.8M 0.29%
183,838
+2,100
+1% +$643K
MBB icon
57
iShares MBS ETF
MBB
$39.1B
$55.1M 0.28%
600,000
-965,800
-62% -$88M
TXN icon
58
Texas Instruments
TXN
$261B
$51.7M 0.27%
265,865
+700
+0.3% +$129K
IBM icon
59
IBM
IBM
$224B
$50.8M 0.26%
293,886
+3,900
+1% +$678K
INTU icon
60
Intuit
INTU
$89B
$50.4M 0.26%
76,690
-90,900
-54% -$56.4M
MCD icon
61
McDonald's
MCD
$195B
$50.3M 0.26%
197,415
-1,300
-0.7% -$345K
DIS icon
62
Walt Disney
DIS
$181B
$49.6M 0.25%
499,266
-283,300
-36% -$30.5M
ABT icon
63
Abbott
ABT
$187B
$49.5M 0.25%
476,457
+800
+0.2% +$84.8K
PFE icon
64
Pfizer
PFE
$153B
$48.7M 0.25%
1,739,484
-39,000
-2% -$1.07M
GE icon
65
GE Aerospace
GE
$384B
$47.7M 0.24%
299,761
-73,835
-20% -$11.8M
CAT icon
66
Caterpillar
CAT
$387B
$47.6M 0.24%
142,972
+3,500
+3% +$1.21M
INTC icon
67
Intel
INTC
$513B
$46.5M 0.24%
1,502,983
+28,700
+2% +$940K
KR icon
68
Kroger
KR
$34.8B
$46.1M 0.24%
922,487
+711,600
+337% +$38.3M
AMGN icon
69
Amgen
AMGN
$222B
$45.9M 0.24%
146,897
+300
+0.2% +$88.1K
DHR icon
70
Danaher
DHR
$144B
$45.1M 0.23%
180,546
+400
+0.2% +$101K
NOW icon
71
ServiceNow
NOW
$129B
$44.2M 0.23%
280,775
– –
BURL icon
72
Burlington
BURL
$23.2B
$43.4M 0.22%
180,700
+165,000
+1,051% +$34M
PM icon
73
Philip Morris
PM
$295B
$43.1M 0.22%
425,758
+400
+0.1% +$39.1K
GS icon
74
Goldman Sachs
GS
$303B
$42.4M 0.22%
93,673
-2,000
-2% -$878K
CMCSA icon
75
Comcast
CMCSA
$90B
$42M 0.22%
1,071,989
-13,700
-1% -$536K
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 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.