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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
FIVE icon
776
Five Below
FIVE
$13B
$1.37M 0.01%
13,022
-100
-0.8% -$9.57K
LITE icon
777
Lumentum
LITE
$63.3B
$1.36M 0.01%
16,228
+100
+0.6% +$7.79K
APPF icon
778
AppFolio
APPF
$7.07B
$1.36M 0.01%
5,500
– –
GBCI icon
779
Glacier Bancorp
GBCI
$6.35B
$1.35M 0.01%
26,836
-100
-0.4% -$5.23K
NOV icon
780
NOV
NOV
$7.38B
$1.35M 0.01%
92,177
-1,300
-1% -$20.3K
SIGI icon
781
Selective Insurance
SIGI
$5.66B
$1.34M 0.01%
14,381
-100
-0.7% -$9.58K
COLB icon
782
Columbia Banking Systems
COLB
$8.84B
$1.34M 0.01%
49,641
-100
-0.2% -$2.87K
CMC icon
783
Commercial Metals
CMC
$8.1B
$1.34M 0.01%
26,937
-400
-1% -$22.6K
RMBS icon
784
Rambus
RMBS
$10.4B
$1.33M 0.01%
25,200
-400
-2% -$20.4K
WTS icon
785
Watts Water Technologies
WTS
$12.8B
$1.32M 0.01%
6,495
– –
THG icon
786
Hanover Insurance
THG
$7.86B
$1.32M 0.01%
8,532
– –
AMG icon
787
Affiliated Managers Group
AMG
$9.6B
$1.32M 0.01%
7,119
– –
SAIC icon
788
Saic
SAIC
$5.3B
$1.31M 0.01%
11,755
-400
-3% -$52.8K
CYTK icon
789
Cytokinetics
CYTK
$10.5B
$1.31M 0.01%
27,900
– –
KRG icon
790
Kite Realty
KRG
$5.29B
$1.31M 0.01%
51,995
-200
-0.4% -$5.26K
NFG icon
791
National Fuel Gas
NFG
$7.78B
$1.31M 0.01%
21,612
-100
-0.5% -$6.13K
ALTM
792
DELISTED
Arcadium Lithium plc
ALTM
$1.31M 0.01%
254,758
+6,100
+2% +$31.1K
CHWY icon
793
Chewy
CHWY
$9.25B
$1.31M 0.01%
+39,000
New +$1.21M
GATX icon
794
GATX Corp
GATX
$6.23B
$1.3M 0.01%
8,412
– –
VNT icon
795
Vontier
VNT
$4.63B
$1.3M 0.01%
35,615
-900
-2% -$33.2K
NOVT icon
796
Novanta
NOVT
$6.2B
$1.3M 0.01%
8,500
– –
CNX icon
797
CNX Resources
CNX
$5.32B
$1.29M 0.01%
35,302
-600
-2% -$22.1K
POST icon
798
Post Holdings
POST
$3.45B
$1.29M 0.01%
11,247
– –
JHG
799
DELISTED
Janus Henderson
JHG
$1.28M 0.01%
30,113
-100
-0.3% -$4.24K
DAR icon
800
Darling Ingredients
DAR
$9.99B
$1.27M 0.01%
37,674
-100
-0.3% -$3.78K
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 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.