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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
VNT icon
801
Vontier
VNT
$4.63B
$1.23M 0.01%
36,515
-700
-2% -$24.9K
GBCI icon
802
Glacier Bancorp
GBCI
$6.35B
$1.23M 0.01%
26,936
-400
-1% -$17.3K
BCO icon
803
Brink's
BCO
$4.55B
$1.21M 0.01%
10,477
-200
-2% -$21.2K
AM icon
804
Antero Midstream
AM
$10.4B
$1.2M 0.01%
80,025
-2,300
-3% -$33.5K
FNB icon
805
FNB Corp
FNB
$6.75B
$1.2M 0.01%
85,351
-1,300
-2% -$18.6K
KNF icon
806
Knife River
KNF
$3.83B
$1.2M 0.01%
13,455
-200
-1% -$15.6K
HXL icon
807
Hexcel
HXL
$7.63B
$1.2M 0.01%
19,397
-600
-3% -$37.7K
ROIV icon
808
Roivant Sciences
ROIV
$25.8B
$1.2M 0.01%
103,600
+22,100
+27% +$252K
HOMB icon
809
Home BancShares
HOMB
$6.17B
$1.2M 0.01%
44,130
-700
-2% -$18.6K
NXST icon
810
Nexstar Media Group
NXST
$5.91B
$1.19M 0.01%
7,200
-300
-4% -$50.8K
UBSI icon
811
United Bankshares
UBSI
$6.58B
$1.19M 0.01%
32,013
-500
-2% -$18.2K
CPRI icon
812
Capri Holdings
CPRI
$1.75B
$1.19M 0.01%
27,965
-100
-0.4% -$3.51K
SLM icon
813
SLM Corp
SLM
$5.14B
$1.18M 0.01%
51,599
-1,300
-2% -$28K
RH icon
814
RH
RH
$3.47B
$1.18M 0.01%
3,515
-200
-5% -$55.1K
POR icon
815
Portland General Electric
POR
$5.66B
$1.17M 0.01%
24,500
-300
-1% -$14K
CNX icon
816
CNX Resources
CNX
$5.32B
$1.17M 0.01%
35,902
-1,000
-3% -$26.9K
CELH icon
817
Celsius Holdings
CELH
$6.89B
$1.16M 0.01%
37,100
+1,200
+3% +$50.4K
FIVE icon
818
Five Below
FIVE
$13B
$1.16M 0.01%
13,122
-200
-2% -$16.8K
GAP
819
The Gap Inc
GAP
$7.74B
$1.16M 0.01%
52,530
+300
+0.6% +$6.66K
PSN icon
820
Parsons
PSN
$4.93B
$1.15M 0.01%
+11,100
New +$996K
JHG
821
DELISTED
Janus Henderson
JHG
$1.15M 0.01%
30,213
-700
-2% -$25.3K
BDC icon
822
Belden
BDC
$5.28B
$1.14M 0.01%
9,698
-100
-1% -$10K
AVT icon
823
Avnet
AVT
$7.99B
$1.14M 0.01%
20,905
-900
-4% -$47.4K
MUR icon
824
Murphy Oil
MUR
$5.09B
$1.14M 0.01%
33,647
-1,300
-4% -$49.1K
FFIN icon
825
First Financial Bankshares
FFIN
$4.93B
$1.13M 0.01%
30,563
-400
-1% -$14.1K
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 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.