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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
CVLT icon
776
Commault Systems
CVLT
$5.61B
$1.27M 0.01%
10,412
-300
-3% -$32.2K
QLYS icon
777
Qualys
QLYS
$6.35B
$1.27M 0.01%
8,876
-200
-2% -$30.5K
POST icon
778
Post Holdings
POST
$3.57B
$1.27M 0.01%
12,147
-200
-2% -$20.8K
LPX icon
779
Louisiana-Pacific
LPX
$5.49B
$1.26M 0.01%
15,358
-400
-3% -$33.4K
MMS icon
780
Maximus
MMS
$3.1B
$1.25M 0.01%
14,618
-400
-3% -$33.6K
TKR icon
781
Timken Company
TKR
$9.03B
$1.25M 0.01%
15,623
-300
-2% -$25.9K
HXL icon
782
Hexcel
HXL
$7.82B
$1.25M 0.01%
19,997
-700
-3% -$46.9K
GAP
783
The Gap Inc
GAP
$7.37B
$1.25M 0.01%
52,230
-600
-1% -$14K
APPF icon
784
AppFolio
APPF
$7.04B
$1.25M 0.01%
5,100
+200
+4% +$46.6K
XRAY icon
785
Dentsply Sirona
XRAY
$2.43B
$1.25M 0.01%
50,000
-8,060
-14% -$231K
NXST icon
786
Nexstar Media Group
NXST
$5.97B
$1.25M 0.01%
7,500
-400
-5% -$65K
KBH icon
787
KB Home
KBH
$3.59B
$1.24M 0.01%
17,738
-300
-2% -$20.4K
CADE
788
DELISTED
Cadence Bank
CADE
$1.24M 0.01%
44,010
-800
-2% -$22.5K
MDU icon
789
MDU Resources
MDU
$4.32B
$1.23M 0.01%
88,662
-1,624
-2% -$22.4K
WLK icon
790
Westlake Corp
WLK
$9.9B
$1.23M 0.01%
8,500
-300
-3% -$46.1K
EXLS icon
791
EXL Service
EXLS
$5.29B
$1.23M 0.01%
39,100
-1,400
-3% -$42K
CBT icon
792
Cabot Corp
CBT
$4.52B
$1.22M 0.01%
13,265
-300
-2% -$29.1K
AM icon
793
Antero Midstream
AM
$10.1B
$1.21M 0.01%
82,325
-1,300
-2% -$18.7K
WTS icon
794
Watts Water Technologies
WTS
$13.1B
$1.21M 0.01%
6,595
-100
-1% -$20.1K
AMG icon
795
Affiliated Managers Group
AMG
$9.76B
$1.21M 0.01%
7,719
-600
-7% -$95.5K
SON icon
796
Sonoco
SON
$5.74B
$1.2M 0.01%
23,651
-400
-2% -$23.1K
NFG icon
797
National Fuel Gas
NFG
$7.65B
$1.2M 0.01%
22,112
-500
-2% -$27.4K
THO icon
798
Thor Industries
THO
$4.14B
$1.2M 0.01%
12,818
-300
-2% -$30K
COKE icon
799
Coca-Cola Consolidated
COKE
$12.8B
$1.19M 0.01%
11,000
-1,000
-8% -$92.6K
FNB icon
800
FNB Corp
FNB
$6.75B
$1.19M 0.01%
86,651
-1,500
-2% -$20.2K
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
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.