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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
RYAN icon
726
Ryan Specialty Holdings
RYAN
$10.9B
$1.61M 0.01%
24,300
-3,700
-13% -$231K
FLS icon
727
Flowserve
FLS
$10.1B
$1.61M 0.01%
31,168
-500
-2% -$24.1K
CVLT icon
728
Commault Systems
CVLT
$5.78B
$1.6M 0.01%
10,412
– –
LPX icon
729
Louisiana-Pacific
LPX
$5.2B
$1.6M 0.01%
14,858
-500
-3% -$47.2K
LSTR icon
730
Landstar System
LSTR
$6.05B
$1.58M 0.01%
8,370
-200
-2% -$36.9K
MTG icon
731
MGIC Investment
MTG
$6.21B
$1.57M 0.01%
61,517
-2,700
-4% -$65K
CRUS icon
732
Cirrus Logic
CRUS
$6.11B
$1.57M 0.01%
12,641
-400
-3% -$53K
HR icon
733
Healthcare Realty
HR
$6.73B
$1.56M 0.01%
86,153
-5,000
-5% -$88.6K
LFUS icon
734
Littelfuse
LFUS
$11.6B
$1.55M 0.01%
5,853
-100
-2% -$25.8K
MTN icon
735
Vail Resorts
MTN
$5.21B
$1.55M 0.01%
8,900
-200
-2% -$35.8K
VNO icon
736
Vornado Realty Trust
VNO
$7.26B
$1.55M 0.01%
39,300
+800
+2% +$25.7K
OSK icon
737
Oshkosh
OSK
$9.59B
$1.54M 0.01%
15,408
-300
-2% -$31.3K
MAT icon
738
Mattel
MAT
$4.21B
$1.54M 0.01%
80,733
-2,200
-3% -$40.5K
RLI icon
739
RLI Corp
RLI
$5.83B
$1.54M 0.01%
19,832
+400
+2% +$29.6K
STWD icon
740
Starwood Property Trust
STWD
$6.16B
$1.54M 0.01%
75,400
+3,100
+4% +$61.9K
G icon
741
Genpact
G
$5.73B
$1.52M 0.01%
38,884
-1,000
-3% -$36.2K
MTSI icon
742
MACOM Technology Solutions
MTSI
$22.7B
$1.52M 0.01%
13,700
+500
+4% +$52.4K
SNV
743
DELISTED
Synovus
SNV
$1.52M 0.01%
34,204
-1,100
-3% -$48.1K
NOVT icon
744
Novanta
NOVT
$6.2B
$1.52M 0.01%
8,500
-100
-1% -$17.4K
CMC icon
745
Commercial Metals
CMC
$8.1B
$1.5M 0.01%
27,337
-500
-2% -$27K
NOV icon
746
NOV
NOV
$7.38B
$1.49M 0.01%
93,477
-1,800
-2% -$32K
R icon
747
Ryder
R
$9.98B
$1.49M 0.01%
10,230
-300
-3% -$40.7K
WFRD icon
748
Weatherford International
WFRD
$6.66B
$1.48M 0.01%
17,400
-200
-1% -$21.6K
GXO icon
749
GXO Logistics
GXO
$5.4B
$1.47M 0.01%
28,327
-400
-1% -$20.3K
CYTK icon
750
Cytokinetics
CYTK
$10.5B
$1.47M 0.01%
27,900
+300
+1% +$16.7K
28 29
30
31 32

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 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.