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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
+3.97%
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
$19.2B
AUM Growth
-$930M
Cap. Flow
-$1.27B
Cap. Flow %
-6.6%
Top 10 Hldgs %
36.92%
Holding
967
New
17
Increased
176
Reduced
601
Closed
16

Top Buys

Rank Stock Value
1
CI icon
Cigna
CI
+$47.8M
2
HUBS icon
HubSpot
HUBS
+$32M
3
XYZ
Block Inc
XYZ
+$24.7M
4
AMZN icon
Amazon
AMZN
+$20.7M
5
CVS icon
CVS Health
CVS
+$19.9M

Top Sells

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$594M
2
AGG icon
iShares Core US Aggregate Bond ETF
AGG
+$419M
3
T icon
AT&T
T
+$261M
4
MSFT icon
Microsoft
MSFT
+$42.8M
5
NVDA icon
NVIDIA
NVDA
+$35.2M

Sector Composition

Rank Sector Weight
1 Technology 29.57%
2 Financials 10.76%
3 Consumer Discretionary 10.46%
4 Healthcare 9.52%
5 Communication Services 9.33%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
RLI icon
726
RLI Corp
RLI
$5.83B
$1.63M 0.01%
19,832
– –
UFPI icon
727
UFP Industries
UFPI
$5.01B
$1.62M 0.01%
14,400
-100
-0.7% -$12.9K
ESAB icon
728
ESAB
ESAB
$5.32B
$1.62M 0.01%
13,502
– –
DOCS icon
729
Doximity
DOCS
$4.57B
$1.62M 0.01%
30,300
+600
+2% +$29.4K
RYAN icon
730
Ryan Specialty Holdings
RYAN
$10.9B
$1.62M 0.01%
25,200
+900
+4% +$62.7K
ALV icon
731
Autoliv
ALV
$8.92B
$1.61M 0.01%
17,200
-200
-1% -$19.2K
FCN icon
732
FTI Consulting
FCN
$4.17B
$1.61M 0.01%
8,404
– –
OLLI icon
733
Ollie's Bargain Outlet
OLLI
$4.8B
$1.59M 0.01%
14,503
– –
DBX icon
734
Dropbox
DBX
$8.07B
$1.58M 0.01%
52,700
-3,600
-6% -$99.4K
R icon
735
Ryder
R
$9.98B
$1.57M 0.01%
10,030
-200
-2% -$31.3K
FR icon
736
First Industrial Realty Trust
FR
$8.36B
$1.57M 0.01%
31,368
-100
-0.3% -$5.31K
VOYA icon
737
Voya Financial
VOYA
$9.09B
$1.57M 0.01%
22,816
-500
-2% -$39.1K
H icon
738
Hyatt Hotels
H
$16B
$1.57M 0.01%
10,000
-700
-7% -$109K
CVLT icon
739
Commault Systems
CVLT
$5.78B
$1.56M 0.01%
10,312
-100
-1% -$16.1K
MSA icon
740
Mine Safety
MSA
$7.45B
$1.55M 0.01%
9,355
– –
ALTR
741
DELISTED
Altair Engineering Inc
ALTR
$1.55M 0.01%
14,200
+100
+0.7% +$10.3K
MTDR icon
742
Matador Resources
MTDR
$6.49B
$1.55M 0.01%
27,500
-100
-0.4% -$5.51K
GNTX icon
743
Gentex
GNTX
$5.02B
$1.55M 0.01%
53,840
-800
-1% -$23.9K
BRKR icon
744
Bruker
BRKR
$8.58B
$1.54M 0.01%
26,193
– –
LPX icon
745
Louisiana-Pacific
LPX
$5.2B
$1.53M 0.01%
14,758
-100
-0.7% -$10.9K
FAF icon
746
First American
FAF
$7.37B
$1.52M 0.01%
24,364
-100
-0.4% -$6.52K
OLED icon
747
Universal Display
OLED
$4.16B
$1.52M 0.01%
10,405
-100
-1% -$17.8K
CROX icon
748
Crocs
CROX
$6.63B
$1.52M 0.01%
13,838
-300
-2% -$34.9K
WHR icon
749
Whirlpool
WHR
$2.75B
$1.5M 0.01%
13,100
+100
+0.8% +$11K
TMHC
750
DELISTED
Taylor Morrison
TMHC
$1.5M 0.01%
24,495
-300
-1% -$20.5K
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 Q4 2024 Portfolio in Review

As of Q4 2024, State of Michigan Retirement System held 967 positions worth $19.2B, down 4.6% from $20.2B the previous quarter. Its ten largest holdings account for 37% of the portfolio.

State of Michigan Retirement System withdrew a net $1.27B in Q4 2024, closing 16 positions and reducing 601 holdings. Its most notable exit was iShares Core US Aggregate Bond ETF, an estimated $419M position sold in full.

By sector, the portfolio is most concentrated in Technology at 30% of assets, up from 27% a quarter earlier, followed by Financials and Consumer Discretionary.

Against the trend, State of Michigan Retirement System opened a new position in Apollo Global Management worth $20M.

  • State of Michigan Retirement System's largest Q4 2024 buy was Apollo Global Management: 121,300 shares worth $20M.
  • State of Michigan Retirement System added most to Cigna in Q4 2024, an estimated $47.8M increase.
  • State of Michigan Retirement System's biggest Q4 2024 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $594M.
  • State of Michigan Retirement System fully exited iShares Core US Aggregate Bond ETF in Q4 2024, selling an estimated $419M.
  • State of Michigan Retirement System's ten largest holdings make up 37% of its $19.2B portfolio in Q4 2024.
  • State of Michigan Retirement System opened 17 new positions and closed 16 in Q4 2024.
  • State of Michigan Retirement System's portfolio value fell 4.6% quarter-over-quarter to $19.2B.

Based on State of Michigan Retirement System's 13F filing for Q4 2024, filed 6 Feb 2025.