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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
+14.11%
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
$18.6B
AUM Growth
+$1.79B
Cap. Flow
+$12.3M
Cap. Flow %
0.07%
Top 10 Hldgs %
34.69%
Holding
974
New
16
Increased
601
Reduced
158
Closed
19

Top Buys

Rank Stock Value
1
NEE icon
NextEra Energy
NEE
+$132M
2
MBB icon
iShares MBS ETF
MBB
+$94.8M
3
BMY icon
Bristol-Myers Squibb
BMY
+$66.2M
4
SMCI icon
Super Micro Computer
SMCI
+$40.2M
5
MSFT icon
Microsoft
MSFT
+$40.2M

Top Sells

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$117M
2
AGG icon
iShares Core US Aggregate Bond ETF
AGG
+$97M
3
PANW icon
Palo Alto Networks
PANW
+$66.1M
4
APO icon
Apollo Global Management
APO
+$52.8M
5
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$32.1M

Sector Composition

Rank Sector Weight
1 Technology 26.33%
2 Financials 10.76%
3 Communication Services 10.57%
4 Healthcare 9.84%
5 Consumer Discretionary 8.58%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
VVV icon
751
Valvoline
VVV
$4.3B
$1.42M 0.01%
31,815
-1,500
-5% -$59.8K
ADC icon
752
Agree Realty
ADC
$9.22B
$1.41M 0.01%
24,600
+500
+2% +$29.3K
AMG icon
753
Affiliated Managers Group
AMG
$9.6B
$1.39M 0.01%
8,319
+200
+2% +$31.1K
TKR icon
754
Timken Company
TKR
$8.77B
$1.39M 0.01%
15,923
+400
+3% +$33K
SON icon
755
Sonoco
SON
$5.72B
$1.39M 0.01%
24,051
+500
+2% +$28.5K
VFC icon
756
VF Corp
VFC
$5.86B
$1.39M 0.01%
90,546
– –
KEX icon
757
Kirby Corp
KEX
$7B
$1.39M 0.01%
14,559
+400
+3% +$33.8K
MTZ icon
758
MasTec
MTZ
$21.5B
$1.38M 0.01%
14,839
+300
+2% +$22.8K
ST icon
759
Sensata Technologies
ST
$6.66B
$1.37M 0.01%
37,200
+900
+2% +$31.5K
HOG icon
760
Harley-Davidson
HOG
$2.72B
$1.36M 0.01%
31,161
+800
+3% +$29.6K
NXST icon
761
Nexstar Media Group
NXST
$5.91B
$1.36M 0.01%
7,900
+200
+3% +$33.6K
M icon
762
Macy's
M
$6.55B
$1.34M 0.01%
67,270
+1,600
+2% +$30.9K
WLK icon
763
Westlake Corp
WLK
$10.1B
$1.34M 0.01%
8,800
+200
+2% +$28.2K
G icon
764
Genpact
G
$5.73B
$1.34M 0.01%
40,584
+500
+1% +$17.4K
FYBR
765
DELISTED
Frontier Communications
FYBR
$1.33M 0.01%
54,300
+1,200
+2% +$28.4K
ETRN
766
DELISTED
Equitrans Midstream Corporation Common Stock
ETRN
$1.33M 0.01%
106,402
+2,500
+2% +$26.8K
HR icon
767
Healthcare Realty
HR
$6.73B
$1.32M 0.01%
93,553
+2,200
+2% +$33.2K
LPX icon
768
Louisiana-Pacific
LPX
$5.2B
$1.32M 0.01%
15,758
+400
+3% +$28.8K
HALO icon
769
Halozyme
HALO
$12.2B
$1.32M 0.01%
32,438
+700
+2% +$26.2K
PLNT icon
770
Planet Fitness
PLNT
$3.7B
$1.32M 0.01%
21,000
+500
+2% +$33.4K
R icon
771
Ryder
R
$9.98B
$1.31M 0.01%
10,930
+300
+3% +$34.2K
POST icon
772
Post Holdings
POST
$3.45B
$1.31M 0.01%
12,347
+200
+2% +$20K
PII icon
773
Polaris
PII
$3.97B
$1.31M 0.01%
13,079
+300
+2% +$27.6K
CADE
774
DELISTED
Cadence Bank
CADE
$1.3M 0.01%
44,810
+1,000
+2% +$27.8K
CPRI icon
775
Capri Holdings
CPRI
$1.75B
$1.3M 0.01%
28,665
+800
+3% +$38.1K
29 30
31
32 33

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 Q1 2024 Portfolio in Review

As of Q1 2024, State of Michigan Retirement System held 974 positions worth $18.6B, up 11% from $16.8B the previous quarter. Its ten largest holdings account for 35% of the portfolio.

Trading was light in Q1 2024: portfolio turnover was 3.6%. State of Michigan Retirement System opened 16 new positions and exited 19, leaving the 974-position portfolio largely intact.

By sector, the portfolio is most concentrated in Technology at 26% of assets, up from 25% a quarter earlier, followed by Financials and Communication Services.

  • State of Michigan Retirement System's largest Q1 2024 buy was Arm: 228,200 shares worth $28.5M.
  • State of Michigan Retirement System added most to NextEra Energy in Q1 2024, an estimated $132M increase.
  • State of Michigan Retirement System's biggest Q1 2024 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $117M.
  • State of Michigan Retirement System fully exited iShares Core US Aggregate Bond ETF in Q1 2024, selling an estimated $97M.
  • State of Michigan Retirement System's ten largest holdings make up 35% of its $18.6B portfolio in Q1 2024.
  • State of Michigan Retirement System opened 16 new positions and closed 19 in Q1 2024.
  • State of Michigan Retirement System's portfolio value rose 11% quarter-over-quarter to $18.6B.

Based on State of Michigan Retirement System's 13F filing for Q1 2024, filed 18 Apr 2024.