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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
KBH icon
751
KB Home
KBH
$3.47B
$1.47M 0.01%
17,138
-600
-3% -$48.2K
WH icon
752
Wyndham Hotels & Resorts
WH
$5.29B
$1.47M 0.01%
18,753
-700
-4% -$53.1K
EXLS icon
753
EXL Service
EXLS
$5.32B
$1.46M 0.01%
38,300
-800
-2% -$27.9K
ELF icon
754
e.l.f. Beauty
ELF
$5.62B
$1.46M 0.01%
13,400
– –
CBT icon
755
Cabot Corp
CBT
$4.46B
$1.46M 0.01%
13,065
-200
-2% -$19.9K
LEA icon
756
Lear
LEA
$8.05B
$1.46M 0.01%
13,355
-300
-2% -$34.1K
AGCO icon
757
AGCO
AGCO
$7.06B
$1.44M 0.01%
14,758
-200
-1% -$18.6K
ESAB icon
758
ESAB
ESAB
$5.32B
$1.44M 0.01%
13,502
-200
-1% -$19.8K
DBX icon
759
Dropbox
DBX
$8.07B
$1.43M 0.01%
56,300
-1,900
-3% -$44.7K
CLF icon
760
Cleveland-Cliffs
CLF
$7.13B
$1.42M 0.01%
111,127
-22,800
-17% -$310K
ONB icon
761
Old National Bancorp
ONB
$10.1B
$1.41M 0.01%
75,742
-300
-0.4% -$5.62K
OLLI icon
762
Ollie's Bargain Outlet
OLLI
$4.8B
$1.41M 0.01%
14,503
-300
-2% -$28.9K
DAR icon
763
Darling Ingredients
DAR
$9.99B
$1.4M 0.01%
37,774
-700
-2% -$26.4K
MASI
764
DELISTED
Masimo
MASI
$1.4M 0.01%
10,496
-200
-2% -$23.2K
ACHC icon
765
Acadia Healthcare
ACHC
$2.96B
$1.4M 0.01%
22,030
-300
-1% -$21.7K
WHR icon
766
Whirlpool
WHR
$2.75B
$1.39M 0.01%
13,000
-200
-2% -$20.1K
VMI icon
767
Valmont Industries
VMI
$9.5B
$1.39M 0.01%
4,788
-100
-2% -$28K
THO icon
768
Thor Industries
THO
$4.14B
$1.39M 0.01%
12,618
-200
-2% -$20.3K
KRG icon
769
Kite Realty
KRG
$5.29B
$1.39M 0.01%
52,195
-700
-1% -$17.4K
EXPO icon
770
Exponent
EXPO
$3.28B
$1.38M 0.01%
12,000
-200
-2% -$20.9K
CADE
771
DELISTED
Cadence Bank
CADE
$1.38M 0.01%
43,310
-700
-2% -$21.7K
MTDR icon
772
Matador Resources
MTDR
$6.49B
$1.36M 0.01%
27,600
-400
-1% -$22.5K
CHX
773
DELISTED
ChampionX
CHX
$1.36M 0.01%
45,195
-700
-2% -$22.1K
SIGI icon
774
Selective Insurance
SIGI
$5.66B
$1.35M 0.01%
14,481
-200
-1% -$18.1K
ALTR
775
DELISTED
Altair Engineering Inc
ALTR
$1.35M 0.01%
14,100
+400
+3% +$36.3K
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 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.