We are live on ! Find out more
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
BC icon
801
Brunswick
BC
$5.28B
$1.18M 0.01%
16,270
-600
-4% -$49K
KRG icon
802
Kite Realty
KRG
$5.36B
$1.18M 0.01%
52,895
-1,000
-2% -$21.3K
PBF icon
803
PBF Energy
PBF
$7.31B
$1.17M 0.01%
25,400
-1,300
-5% -$66.6K
EXPO icon
804
Exponent
EXPO
$3.24B
$1.16M 0.01%
12,200
-200
-2% -$18K
OPCH icon
805
Option Care Health
OPCH
$3.56B
$1.16M 0.01%
41,859
-1,600
-4% -$47.7K
UGI icon
806
UGI
UGI
$7.33B
$1.16M 0.01%
50,458
-1,000
-2% -$24.2K
DLB icon
807
Dolby
DLB
$5.79B
$1.14M 0.01%
14,400
-200
-1% -$16.1K
GATX icon
808
GATX Corp
GATX
$6.27B
$1.14M 0.01%
8,612
-100
-1% -$13.2K
IDA icon
809
Idacorp
IDA
$8.2B
$1.14M 0.01%
12,220
-200
-2% -$18.8K
ASH icon
810
Ashland
ASH
$3.5B
$1.14M 0.01%
12,039
-300
-2% -$29.2K
AVT icon
811
Avnet
AVT
$7.92B
$1.12M 0.01%
21,805
-400
-2% -$20.5K
VAL icon
812
Valaris
VAL
$5.47B
$1.12M 0.01%
15,000
-400
-3% -$29K
SLM icon
813
SLM Corp
SLM
$5.15B
$1.1M 0.01%
52,899
-1,200
-2% -$25.3K
BCO icon
814
Brink's
BCO
$4.62B
$1.09M 0.01%
10,677
-400
-4% -$38.1K
EEFT icon
815
Euronet Worldwide
EEFT
$2.7B
$1.09M 0.01%
10,517
-200
-2% -$21.9K
THG icon
816
Hanover Insurance
THG
$7.98B
$1.08M 0.01%
8,632
-200
-2% -$26K
HOMB icon
817
Home BancShares
HOMB
$6.18B
$1.07M 0.01%
44,830
-1,200
-3% -$28.5K
POR icon
818
Portland General Electric
POR
$5.77B
$1.07M 0.01%
24,800
– –
UBSI icon
819
United Bankshares
UBSI
$6.62B
$1.05M 0.01%
32,513
-500
-2% -$16.5K
WMG icon
820
Warner Music
WMG
$13.8B
$1.05M 0.01%
+34,100
New +$1.09M
JHG
821
DELISTED
Janus Henderson
JHG
$1.04M 0.01%
30,913
-1,600
-5% -$52.4K
OZK icon
822
Bank OZK
OZK
$5.61B
$1.04M 0.01%
25,412
-400
-2% -$17.4K
FLO icon
823
Flowers Foods
FLO
$1.57B
$1.03M 0.01%
46,242
-900
-2% -$21.3K
SWX icon
824
Southwest Gas
SWX
$6.67B
$1.02M 0.01%
14,529
-200
-1% -$15K
GBCI icon
825
Glacier Bancorp
GBCI
$6.35B
$1.02M 0.01%
27,336
+100
+0.4% +$3.72K
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
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.