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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
Cap. Flow
+$202M
Cap. Flow %
1.04%
Top 10 Hldgs %
37.69%
Holding
972
New
17
Increased
273
Reduced
579
Closed
22

Top Buys

Rank Stock Value
1
AGG icon
iShares Core US Aggregate Bond ETF
AGG
+$496M
2
BMY icon
Bristol-Myers Squibb
BMY
+$127M
3
CVS icon
CVS Health
CVS
+$100M
4
KR icon
Kroger
KR
+$38.3M
5
BURL icon
Burlington
BURL
+$34M

Top Sells

Rank Stock Value
1
VZ icon
Verizon
VZ
+$238M
2
MBB icon
iShares MBS ETF
MBB
+$88M
3
APO icon
Apollo Global Management
APO
+$74.8M
4
OMF icon
OneMain Financial
OMF
+$58M
5
INTU icon
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
NXT icon
751
Nextpower Inc
NXT
$15.7B
$1.39M 0.01%
+29,600
New +$1.47M
MTG icon
752
MGIC Investment
MTG
$6.25B
$1.38M 0.01%
64,217
-2,700
-4% -$56K
PCTY icon
753
Paylocity
PCTY
$7.98B
$1.38M 0.01%
10,472
-200
-2% -$31K
SIGI icon
754
Selective Insurance
SIGI
$5.73B
$1.38M 0.01%
14,681
-200
-1% -$19.6K
STWD icon
755
Starwood Property Trust
STWD
$6.09B
$1.37M 0.01%
72,300
-800
-1% -$15.6K
RLI icon
756
RLI Corp
RLI
$5.89B
$1.37M 0.01%
19,432
-200
-1% -$14.3K
ST icon
757
Sensata Technologies
ST
$6.79B
$1.36M 0.01%
36,300
-900
-2% -$34.7K
SFIX
758
Stitch Fix
SFIX
$560M
$1.36M 0.01%
326,983
– –
ETRN
759
DELISTED
Equitrans Midstream Corporation Common Stock
ETRN
$1.36M 0.01%
104,502
-1,900
-2% -$25.5K
WHR icon
760
Whirlpool
WHR
$2.82B
$1.35M 0.01%
13,200
-300
-2% -$29.2K
MAT icon
761
Mattel
MAT
$4.23B
$1.35M 0.01%
82,933
-3,800
-4% -$68.9K
MASI
762
DELISTED
Masimo
MASI
$1.35M 0.01%
10,696
-200
-2% -$26.3K
FAF icon
763
First American
FAF
$7.58B
$1.35M 0.01%
24,964
-400
-2% -$22.2K
ALTR
764
DELISTED
Altair Engineering Inc
ALTR
$1.34M 0.01%
+13,700
New +$1.21M
VMI icon
765
Valmont Industries
VMI
$9.53B
$1.34M 0.01%
4,888
-200
-4% -$48.8K
LNTH icon
766
Lantheus
LNTH
$6.59B
$1.34M 0.01%
16,700
-100
-0.6% -$7.34K
VVV icon
767
Valvoline
VVV
$4.51B
$1.34M 0.01%
31,015
-800
-3% -$33.6K
DBX icon
768
Dropbox
DBX
$8.12B
$1.31M 0.01%
58,200
-4,700
-7% -$107K
ONB icon
769
Old National Bancorp
ONB
$10.2B
$1.31M 0.01%
76,042
+4,200
+6% +$69.8K
R icon
770
Ryder
R
$10.1B
$1.3M 0.01%
10,530
-400
-4% -$48.3K
SRCL
771
DELISTED
Stericycle Inc
SRCL
$1.3M 0.01%
22,319
-400
-2% -$20.5K
ESAB icon
772
ESAB
ESAB
$5.71B
$1.29M 0.01%
13,702
-200
-1% -$20.8K
G icon
773
Genpact
G
$5.76B
$1.28M 0.01%
39,884
-700
-2% -$22.6K
EDIT icon
774
Editas Medicine
EDIT
$442M
$1.28M 0.01%
273,721
– –
M icon
775
Macy's
M
$6.68B
$1.27M 0.01%
66,270
-1,000
-1% -$19.1K
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
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 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.