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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
MCD icon
51
McDonald's
MCD
$193B
$59.5M 0.29%
195,315
-2,100
-1% -$579K
CMG icon
52
Chipotle Mexican Grill
CMG
$41.3B
$59.2M 0.29%
1,028,000
-1,900
-0.2% -$105K
VZ icon
53
Verizon
VZ
$193B
$58.5M 0.29%
1,303,450
-1,006,300
-44% -$42M
MBB icon
54
iShares MBS ETF
MBB
$39B
$57.5M 0.29%
600,000
– –
GE icon
55
GE Aerospace
GE
$383B
$55.7M 0.28%
295,261
-4,500
-2% -$762K
WFC icon
56
Wells Fargo
WFC
$264B
$55.6M 0.28%
984,949
-27,800
-3% -$1.57M
AMAT icon
57
Applied Materials
AMAT
$427B
$55.4M 0.27%
274,255
-2,000
-0.7% -$410K
CAT icon
58
Caterpillar
CAT
$386B
$55.2M 0.27%
141,072
-1,900
-1% -$656K
TXN icon
59
Texas Instruments
TXN
$260B
$54.8M 0.27%
265,165
-700
-0.3% -$141K
QCOM icon
60
Qualcomm
QCOM
$175B
$54.6M 0.27%
321,066
-2,800
-0.9% -$494K
ABT icon
61
Abbott
ABT
$188B
$54M 0.27%
473,857
-2,600
-0.5% -$285K
INTC icon
62
Intel
INTC
$491B
$53.9M 0.27%
2,299,183
+796,200
+53% +$19.9M
PM icon
63
Philip Morris
PM
$291B
$51.4M 0.25%
423,458
-2,300
-0.5% -$267K
NOW icon
64
ServiceNow
NOW
$129B
$50.1M 0.25%
280,275
-500
-0.2% -$82.2K
PFE icon
65
Pfizer
PFE
$154B
$50.1M 0.25%
1,730,884
-8,600
-0.5% -$251K
DHR icon
66
Danaher
DHR
$144B
$48.7M 0.24%
175,046
-5,500
-3% -$1.46M
RTX icon
67
RTX Corp
RTX
$304B
$48M 0.24%
395,832
-1,800
-0.5% -$205K
DIS icon
68
Walt Disney
DIS
$178B
$47.5M 0.24%
493,866
-5,400
-1% -$497K
INTU icon
69
Intuit
INTU
$89.4B
$47.3M 0.23%
76,090
-600
-0.8% -$383K
AMGN icon
70
Amgen
AMGN
$221B
$47.1M 0.23%
146,297
-600
-0.4% -$196K
GS icon
71
Goldman Sachs
GS
$303B
$45.2M 0.22%
91,373
-2,300
-2% -$1.12M
SPGI icon
72
S&P Global
SPGI
$121B
$45M 0.22%
87,153
-500
-0.6% -$247K
CMCSA icon
73
Comcast
CMCSA
$88.3B
$43.9M 0.22%
1,052,089
-19,900
-2% -$786K
VLUE icon
74
iShares MSCI USA Value Factor ETF
VLUE
$9.49B
$43.3M 0.21%
397,500
-700
-0.2% -$73.9K
UBER icon
75
Uber
UBER
$158B
$43M 0.21%
572,200
-100
-0% -$7.04K
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 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.