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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
(+4.6%)
Cap. Flow
+$202M
Cap. Flow
% of AUM
1.04%
Top 10 Holdings %
Top 10 Hldgs %
37.69%
Holding
972
New
17
Increased
273
Reduced
579
Closed
22
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Core US Aggregate Bond ETF
AGG
|
+$496M |
| 2 |
Bristol-Myers Squibb
BMY
|
+$127M |
| 3 |
CVS Health
CVS
|
+$100M |
| 4 |
Kroger
KR
|
+$38.3M |
| 5 |
Burlington
BURL
|
+$34M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Verizon
VZ
|
+$238M |
| 2 |
iShares MBS ETF
MBB
|
+$88M |
| 3 |
Apollo Global Management
APO
|
+$74.8M |
| 4 |
OneMain Financial
OMF
|
+$58M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
726
Cytokinetics
CYTK
$10.4B
| $1.5M | 0.01% |
27,600
+3,500
| +15% | +$211K |
|
727
Pinnacle Financial Partners Inc
PNFP
$15.8B
| $1.47M | 0.01% |
18,427
-300
| -2% | -$23.9K |
|
728
MACOM Technology Solutions
MTSI
$23.7B
| $1.47M | 0.01% |
13,200
-300
| -2% | -$30.6K |
|
729
Wintrust Financial
WTFC
$10.7B
| $1.46M | 0.01% |
14,863
-200
| -1% | -$19.6K |
|
730
AGCO
AGCO
$7.2B
| $1.46M | 0.01% |
14,958
-300
| -2% | -$33.4K |
|
731
Kyndryl
KD
$3.05B
| $1.46M | 0.01% |
55,434
-1,100
| -2% | -$26.4K |
|
732
Fox Class B
FOX
$23.9B
| $1.46M | 0.01% |
45,531
+500
| +1% | +$15.1K |
|
|
GTLS
733
DELISTED
Chart Industries
GTLS
| $1.46M | 0.01% |
10,100
-200
| -2% | -$30.2K |
|
734
Ollie's Bargain Outlet
OLLI
$4.94B
| $1.45M | 0.01% |
14,803
-300
| -2% | -$23.9K |
|
735
Saic
SAIC
$5.35B
| $1.45M | 0.01% |
12,355
-400
| -3% | -$50.7K |
|
736
Five Below
FIVE
$13.5B
| $1.45M | 0.01% |
13,322
-200
| -1% | -$27.7K |
|
737
GXO Logistics
GXO
$5.55B
| $1.45M | 0.01% |
28,727
-500
| -2% | -$25.2K |
|
738
Essent Group
ESNT
$6.33B
| $1.45M | 0.01% |
25,733
-400
| -2% | -$22.3K |
|
739
Murphy Oil
MUR
$4.78B
| $1.44M | 0.01% |
34,947
-700
| -2% | -$30.5K |
|
740
PVH
PVH
$4.04B
| $1.44M | 0.01% |
13,600
-1,000
| -7% | -$113K |
|
741
Wyndham Hotels & Resorts
WH
$5.48B
| $1.44M | 0.01% |
19,453
-900
| -4% | -$64.8K |
|
742
Aaon
AAON
$7.77B
| $1.43M | 0.01% |
+16,400
| New | +$1.34M |
|
743
Vontier
VNT
$4.74B
| $1.42M | 0.01% |
37,215
-700
| -2% | -$28.2K |
|
|
SNV
744
DELISTED
Synovus
SNV
| $1.42M | 0.01% |
35,304
-600
| -2% | -$22.7K |
|
745
Darling Ingredients
DAR
$9.44B
| $1.41M | 0.01% |
38,474
-4,600
| -11% | -$191K |
|
|
TMHC
746
DELISTED
Taylor Morrison
TMHC
| $1.41M | 0.01% |
25,495
-900
| -3% | -$51.4K |
|
747
Prosperity Bancshares
PB
$8.89B
| $1.41M | 0.01% |
23,097
+100
| +0.4% | +$6.16K |
|
|
FYBR
748
DELISTED
Frontier Communications
FYBR
| $1.41M | 0.01% |
53,900
-400
| -0.7% | -$9.95K |
|
749
SouthState Bank Corp
SSB
$10.5B
| $1.41M | 0.01% |
18,400
-300
| -2% | -$23.2K |
|
750
Novanta
NOVT
$6.29B
| $1.4M | 0.01% |
8,600
-200
| -2% | -$32.4K |
|
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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.