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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
EEFT icon
801
Euronet Worldwide
EEFT
$2.65B
$1.18M 0.01%
10,717
+200
+2% +$21K
AM icon
802
Antero Midstream
AM
$10.4B
$1.18M 0.01%
83,625
+1,900
+2% +$24.3K
OZK icon
803
Bank OZK
OZK
$5.63B
$1.17M 0.01%
25,812
+600
+2% +$26.9K
KRG icon
804
Kite Realty
KRG
$5.29B
$1.17M 0.01%
53,895
+1,300
+2% +$28K
GATX icon
805
GATX Corp
GATX
$6.23B
$1.17M 0.01%
8,712
+200
+2% +$25.2K
GTM
806
ZoomInfo Technologies
GTM
$1.23B
$1.17M 0.01%
72,700
+1,600
+2% +$26K
FCFS icon
807
FirstCash
FCFS
$9.05B
$1.16M 0.01%
9,115
+200
+2% +$23.2K
VMI icon
808
Valmont Industries
VMI
$9.5B
$1.16M 0.01%
5,088
+100
+2% +$22.4K
VAL icon
809
Valaris
VAL
$5.94B
$1.16M 0.01%
15,400
+400
+3% +$26.8K
IDA icon
810
Idacorp
IDA
$8.08B
$1.15M 0.01%
12,420
+300
+2% +$27.5K
AIRC
811
DELISTED
Apartment Income REIT Corp.
AIRC
$1.15M 0.01%
35,450
+200
+0.6% +$6.5K
OMGA
812
DELISTED
Omega Therapeutics, Inc. Common Stock
OMGA
$1.15M 0.01%
314,117
– –
BYD icon
813
Boyd Gaming
BYD
$5.92B
$1.15M 0.01%
17,024
+400
+2% +$25.5K
HOMB icon
814
Home BancShares
HOMB
$6.17B
$1.13M 0.01%
46,030
+1,000
+2% +$23.8K
VNO icon
815
Vornado Realty Trust
VNO
$7.26B
$1.13M 0.01%
39,300
+900
+2% +$24K
KNF icon
816
Knife River
KNF
$3.83B
$1.12M 0.01%
13,855
+300
+2% +$21.1K
SWX icon
817
Southwest Gas
SWX
$6.56B
$1.12M 0.01%
14,729
+300
+2% +$19.4K
SLAB icon
818
Silicon Laboratories
SLAB
$7.2B
$1.12M 0.01%
7,797
+200
+3% +$26.5K
FLO icon
819
Flowers Foods
FLO
$1.51B
$1.12M 0.01%
47,142
+1,000
+2% +$22.8K
RYN icon
820
Rayonier
RYN
$6.52B
$1.11M 0.01%
36,917
+882
+2% +$26.3K
COTY icon
821
Coty
COTY
$2.51B
$1.1M 0.01%
92,298
+2,400
+3% +$29.3K
NEU icon
822
NewMarket
NEU
$8.37B
$1.1M 0.01%
1,737
+100
+6% +$59.9K
AVT icon
823
Avnet
AVT
$7.99B
$1.1M 0.01%
22,205
+500
+2% +$23.4K
GBCI icon
824
Glacier Bancorp
GBCI
$6.35B
$1.1M 0.01%
27,236
+600
+2% +$23.2K
MSM icon
825
MSC Industrial Direct
MSM
$6.87B
$1.09M 0.01%
11,265
+100
+0.9% +$9.8K
31 32
33
34 35

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.