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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
WTS icon
776
Watts Water Technologies
WTS
$12.8B
$1.35M 0.01%
6,495
-100
-2% -$19.3K
SRCL
777
DELISTED
Stericycle Inc
SRCL
$1.34M 0.01%
22,019
-300
-1% -$17.8K
PVH icon
778
PVH
PVH
$4.02B
$1.34M 0.01%
13,300
-300
-2% -$29.8K
MMS icon
779
Maximus
MMS
$2.9B
$1.33M 0.01%
14,318
-300
-2% -$26.8K
MDU icon
780
MDU Resources
MDU
$4.29B
$1.33M 0.01%
87,398
-1,264
-1% -$18K
BC icon
781
Brunswick
BC
$5.21B
$1.32M 0.01%
15,770
-500
-3% -$38.8K
NFG icon
782
National Fuel Gas
NFG
$7.78B
$1.32M 0.01%
21,712
-400
-2% -$23.4K
WLK icon
783
Westlake Corp
WLK
$10.1B
$1.31M 0.01%
8,700
+200
+2% +$28.8K
POST icon
784
Post Holdings
POST
$3.45B
$1.3M 0.01%
11,247
-900
-7% -$101K
XRAY icon
785
Dentsply Sirona
XRAY
$2.34B
$1.3M 0.01%
48,100
-1,900
-4% -$48.5K
IDA icon
786
Idacorp
IDA
$8.08B
$1.3M 0.01%
12,620
+400
+3% +$40K
COLB icon
787
Columbia Banking Systems
COLB
$8.84B
$1.3M 0.01%
49,741
-700
-1% -$16.7K
APPF icon
788
AppFolio
APPF
$7.07B
$1.29M 0.01%
5,500
+400
+8% +$93.6K
DOCS icon
789
Doximity
DOCS
$4.57B
$1.29M 0.01%
29,700
+300
+1% +$10K
ST icon
790
Sensata Technologies
ST
$6.66B
$1.28M 0.01%
35,800
-500
-1% -$18.6K
VVV icon
791
Valvoline
VVV
$4.3B
$1.28M 0.01%
30,615
-400
-1% -$17K
NXT icon
792
Nextpower Inc
NXT
$15.6B
$1.28M 0.01%
34,100
+4,500
+15% +$188K
SON icon
793
Sonoco
SON
$5.72B
$1.28M 0.01%
23,351
-300
-1% -$15.7K
UGI icon
794
UGI
UGI
$7.29B
$1.27M 0.01%
50,958
+500
+1% +$12K
TKR icon
795
Timken Company
TKR
$8.77B
$1.27M 0.01%
15,123
-500
-3% -$41.1K
OPCH icon
796
Option Care Health
OPCH
$3.67B
$1.27M 0.01%
40,559
-1,300
-3% -$39.9K
AMG icon
797
Affiliated Managers Group
AMG
$9.6B
$1.27M 0.01%
7,119
-600
-8% -$102K
THG icon
798
Hanover Insurance
THG
$7.86B
$1.26M 0.01%
8,532
-100
-1% -$13.7K
KD icon
799
Kyndryl
KD
$2.97B
$1.26M 0.01%
54,934
-500
-0.9% -$12.2K
GTLS
800
DELISTED
Chart Industries
GTLS
$1.24M 0.01%
10,000
-100
-1% -$13.1K
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 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.