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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
APP icon
801
Applovin
APP
$114B
$1.26M 0.01%
+3,900
New +$987K
FNB icon
802
FNB Corp
FNB
$6.73B
$1.26M 0.01%
85,151
-200
-0.2% -$3.07K
CRUS icon
803
Cirrus Logic
CRUS
$6.15B
$1.25M 0.01%
12,541
-100
-0.8% -$11K
NXT icon
804
Nextpower Inc
NXT
$15.7B
$1.24M 0.01%
34,000
-100
-0.3% -$3.66K
GAP
805
The Gap Inc
GAP
$7.76B
$1.24M 0.01%
52,530
– –
HOMB icon
806
Home BancShares
HOMB
$6.15B
$1.24M 0.01%
43,830
-300
-0.7% -$8.66K
GXO icon
807
GXO Logistics
GXO
$5.39B
$1.23M 0.01%
28,327
– –
WFRD icon
808
Weatherford International
WFRD
$6.64B
$1.23M 0.01%
17,200
-200
-1% -$16.4K
CHX
809
DELISTED
ChampionX
CHX
$1.23M 0.01%
45,095
-100
-0.2% -$2.97K
LEA icon
810
Lear
LEA
$8.04B
$1.22M 0.01%
12,855
-500
-4% -$49.8K
QLYS icon
811
Qualys
QLYS
$6.41B
$1.22M 0.01%
8,676
-100
-1% -$13.9K
CUZ icon
812
Cousins Properties
CUZ
$4.84B
$1.21M 0.01%
39,544
+3,400
+9% +$104K
THO icon
813
Thor Industries
THO
$4.13B
$1.21M 0.01%
12,618
– –
AM icon
814
Antero Midstream
AM
$10.4B
$1.2M 0.01%
79,825
-200
-0.2% -$3.04K
HXL icon
815
Hexcel
HXL
$7.59B
$1.2M 0.01%
19,197
-200
-1% -$12.4K
ROIV icon
816
Roivant Sciences
ROIV
$26B
$1.2M 0.01%
101,700
-1,900
-2% -$22.5K
UBSI icon
817
United Bankshares
UBSI
$6.56B
$1.2M 0.01%
31,913
-100
-0.3% -$3.94K
VNOM icon
818
Viper Energy
VNOM
$15.3B
$1.2M 0.01%
24,400
+400
+2% +$20.6K
UMBF icon
819
UMB Financial
UMBF
$11B
$1.19M 0.01%
10,541
– –
CBT icon
820
Cabot Corp
CBT
$4.45B
$1.18M 0.01%
12,965
-100
-0.8% -$10.7K
BYD icon
821
Boyd Gaming
BYD
$5.92B
$1.14M 0.01%
15,724
-600
-4% -$42.1K
SON icon
822
Sonoco
SON
$5.69B
$1.14M 0.01%
23,251
-100
-0.4% -$5.16K
OZK icon
823
Bank OZK
OZK
$5.6B
$1.11M 0.01%
25,012
– –
HWC icon
824
Hancock Whitney
HWC
$6.21B
$1.11M 0.01%
20,340
-200
-1% -$11.1K
M icon
825
Macy's
M
$6.58B
$1.11M 0.01%
65,670
– –
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
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
CHP
Castle Hook Partners New York $23.4B AUM 158.96% 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.