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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
ALTM
826
DELISTED
Arcadium Lithium plc
ALTM
$1.09M 0.01%
+253,158
New +$1.27M
CVLT icon
827
Commault Systems
CVLT
$5.78B
$1.09M 0.01%
10,712
+200
+2% +$18.1K
PRGO icon
828
Perrigo
PRGO
$1.75B
$1.07M 0.01%
33,258
+700
+2% +$22.1K
JHG
829
DELISTED
Janus Henderson
JHG
$1.07M 0.01%
32,513
+700
+2% +$21.4K
HAE icon
830
Haemonetics
HAE
$3.94B
$1.06M 0.01%
12,474
+300
+2% +$23.5K
TEX icon
831
Terex
TEX
$7.58B
$1.06M 0.01%
16,418
+300
+2% +$17.6K
AN icon
832
AutoNation
AN
$6.88B
$1.05M 0.01%
6,348
+100
+2% +$14.7K
LNTH icon
833
Lantheus
LNTH
$6.59B
$1.05M 0.01%
16,800
+400
+2% +$23.5K
MZTI
834
The Marzetti Company
MZTI
$3.13B
$1.04M 0.01%
5,032
+100
+2% +$19K
POR icon
835
Portland General Electric
POR
$5.66B
$1.04M 0.01%
24,800
+500
+2% +$20.6K
NJR icon
836
New Jersey Resources
NJR
$5.45B
$1.04M 0.01%
24,185
+800
+3% +$33.7K
FFIN icon
837
First Financial Bankshares
FFIN
$4.93B
$1.04M 0.01%
31,563
+700
+2% +$21.5K
EXPO icon
838
Exponent
EXPO
$3.28B
$1.03M 0.01%
12,400
+300
+2% +$24.8K
BCO icon
839
Brink's
BCO
$4.55B
$1.02M 0.01%
11,077
+300
+3% +$24.9K
COKE icon
840
Coca-Cola Consolidated
COKE
$12.4B
$1.02M 0.01%
12,000
+1,000
+9% +$86.2K
GTLB icon
841
GitLab
GTLB
$6.88B
$1.01M 0.01%
+17,276
New +$1.13M
AFRM icon
842
Affirm
AFRM
$25.3B
$1M 0.01%
+26,895
New +$1.07M
POWI icon
843
Power Integrations
POWI
$3.46B
$996K 0.01%
13,918
+300
+2% +$22.4K
COLB icon
844
Columbia Banking Systems
COLB
$8.84B
$992K 0.01%
51,241
+1,200
+2% +$24.7K
LOPE icon
845
Grand Canyon Education
LOPE
$3.82B
$989K 0.01%
7,259
+200
+3% +$26.1K
HWC icon
846
Hancock Whitney
HWC
$6.23B
$973K 0.01%
21,140
+500
+2% +$22.2K
AVNT icon
847
Avient
AVNT
$4.19B
$973K 0.01%
22,424
+600
+3% +$23.4K
SLGN icon
848
Silgan Holdings
SLGN
$4.35B
$966K 0.01%
19,900
+500
+3% +$22.2K
CC icon
849
Chemours
CC
$2.2B
$958K 0.01%
36,479
+900
+3% +$25.6K
KRC icon
850
Kilroy Realty
KRC
$4.32B
$957K 0.01%
26,265
+700
+3% +$25.8K
32 33
34
35 36

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.