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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
RH icon
776
RH
RH
$3.47B
$1.29M 0.01%
3,715
– –
MTSI icon
777
MACOM Technology Solutions
MTSI
$22.7B
$1.29M 0.01%
13,500
+500
+4% +$44.2K
FOX icon
778
Fox Class B
FOX
$23.6B
$1.29M 0.01%
45,031
+100
+0.2% +$2.8K
EXLS icon
779
EXL Service
EXLS
$5.32B
$1.29M 0.01%
40,500
+900
+2% +$28K
KBH icon
780
KB Home
KBH
$3.47B
$1.28M 0.01%
18,038
-300
-2% -$19.1K
TKO icon
781
TKO Group
TKO
$13.8B
$1.27M 0.01%
14,710
+300
+2% +$25K
UGI icon
782
UGI
UGI
$7.29B
$1.26M 0.01%
51,458
+1,200
+2% +$28.8K
MDU icon
783
MDU Resources
MDU
$4.29B
$1.26M 0.01%
90,286
+2,166
+2% +$25.1K
MMS icon
784
Maximus
MMS
$2.9B
$1.26M 0.01%
15,018
+400
+3% +$32.9K
ONB icon
785
Old National Bancorp
ONB
$10.1B
$1.25M 0.01%
71,842
+1,600
+2% +$26.5K
CBT icon
786
Cabot Corp
CBT
$4.46B
$1.25M 0.01%
13,565
+300
+2% +$24.4K
FNB icon
787
FNB Corp
FNB
$6.75B
$1.24M 0.01%
88,151
+2,100
+2% +$28.3K
KD icon
788
Kyndryl
KD
$2.97B
$1.23M 0.01%
56,534
+1,500
+3% +$31.9K
CRUS icon
789
Cirrus Logic
CRUS
$6.11B
$1.23M 0.01%
13,241
+300
+2% +$25.9K
DLB icon
790
Dolby
DLB
$5.82B
$1.22M 0.01%
14,600
+300
+2% +$24.8K
EFOR
791
Everforth Inc
EFOR
$1.33B
$1.22M 0.01%
11,621
+300
+3% +$29K
NFG icon
792
National Fuel Gas
NFG
$7.78B
$1.21M 0.01%
22,612
+600
+3% +$29.7K
APPF icon
793
AppFolio
APPF
$7.07B
$1.21M 0.01%
+4,900
New +$1.06M
WU icon
794
Western Union
WU
$2.19B
$1.2M 0.01%
86,066
-1,400
-2% -$18K
THG icon
795
Hanover Insurance
THG
$7.86B
$1.2M 0.01%
8,832
+300
+4% +$38.9K
OLLI icon
796
Ollie's Bargain Outlet
OLLI
$4.8B
$1.2M 0.01%
15,103
+300
+2% +$22.7K
ASH icon
797
Ashland
ASH
$3.45B
$1.2M 0.01%
12,339
– –
SRCL
798
DELISTED
Stericycle Inc
SRCL
$1.2M 0.01%
22,719
+500
+2% +$25.2K
UBSI icon
799
United Bankshares
UBSI
$6.58B
$1.18M 0.01%
33,013
+600
+2% +$21.2K
SLM icon
800
SLM Corp
SLM
$5.14B
$1.18M 0.01%
54,099
-200
-0.4% -$3.99K
30 31
32
33 34

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.