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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
CADE
751
DELISTED
Cadence Bank
CADE
$1.49M 0.01%
43,310
– –
LNTH icon
752
Lantheus
LNTH
$6.59B
$1.48M 0.01%
16,500
– –
VMI icon
753
Valmont Industries
VMI
$9.5B
$1.47M 0.01%
4,788
– –
HLNE icon
754
Hamilton Lane
HLNE
$5.53B
$1.47M 0.01%
9,900
+300
+3% +$53.5K
OSK icon
755
Oshkosh
OSK
$9.59B
$1.46M 0.01%
15,408
– –
CGNX icon
756
Cognex
CGNX
$10.8B
$1.46M 0.01%
40,653
-100
-0.2% -$3.92K
STAG icon
757
STAG Industrial
STAG
$7.09B
$1.46M 0.01%
43,100
-100
-0.2% -$3.66K
HALO icon
758
Halozyme
HALO
$12.2B
$1.44M 0.01%
30,138
+100
+0.3% +$5.13K
LSTR icon
759
Landstar System
LSTR
$6.05B
$1.44M 0.01%
8,370
– –
STWD icon
760
Starwood Property Trust
STWD
$6.16B
$1.44M 0.01%
75,900
+500
+0.7% +$9.91K
UGI icon
761
UGI
UGI
$7.29B
$1.44M 0.01%
50,858
-100
-0.2% -$2.6K
KEX icon
762
Kirby Corp
KEX
$7B
$1.43M 0.01%
13,559
-200
-1% -$24.1K
HR icon
763
Healthcare Realty
HR
$6.73B
$1.42M 0.01%
83,953
-2,200
-3% -$38.7K
MTG icon
764
MGIC Investment
MTG
$6.21B
$1.42M 0.01%
60,017
-1,500
-2% -$37.5K
MAT icon
765
Mattel
MAT
$4.21B
$1.41M 0.01%
79,733
-1,000
-1% -$18.9K
ARW icon
766
Arrow Electronics
ARW
$10.3B
$1.41M 0.01%
12,475
-100
-0.8% -$12.3K
SFIX
767
Stitch Fix
SFIX
$530M
$1.41M 0.01%
326,983
– –
PVH icon
768
PVH
PVH
$4.02B
$1.4M 0.01%
13,200
-100
-0.8% -$10.2K
SLM icon
769
SLM Corp
SLM
$5.14B
$1.39M 0.01%
50,299
-1,300
-3% -$32.1K
RH icon
770
RH
RH
$3.47B
$1.38M 0.01%
3,515
– –
LFUS icon
771
Littelfuse
LFUS
$11.6B
$1.38M 0.01%
5,853
– –
IDA icon
772
Idacorp
IDA
$8.08B
$1.38M 0.01%
12,620
– –
AGCO icon
773
AGCO
AGCO
$7.06B
$1.37M 0.01%
14,658
-100
-0.7% -$9.68K
ESNT icon
774
Essent Group
ESNT
$6.23B
$1.37M 0.01%
25,133
-100
-0.4% -$5.81K
KNF icon
775
Knife River
KNF
$3.83B
$1.37M 0.01%
13,455
– –
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 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.