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
NJR icon
826
New Jersey Resources
NJR
$5.58B
$1.02M 0.01%
23,785
-400
-2% -$17.3K
HAE icon
827
Haemonetics
HAE
$4B
$1.02M 0.01%
12,274
-200
-2% -$17.6K
IRT icon
828
Independence Realty Trust
IRT
$4.07B
$1.01M 0.01%
54,100
-1,000
-2% -$16.7K
VNO icon
829
Vornado Realty Trust
VNO
$7.38B
$1.01M 0.01%
38,500
-800
-2% -$20.5K
ENS icon
830
EnerSys
ENS
$6.99B
$1.01M 0.01%
9,772
-200
-2% -$19.6K
COLB icon
831
Columbia Banking Systems
COLB
$8.84B
$1M 0.01%
50,441
-800
-2% -$15.2K
PII icon
832
Polaris
PII
$4.07B
$1M 0.01%
12,779
-300
-2% -$25.4K
AMKR icon
833
Amkor Technology
AMKR
$13.7B
$998K 0.01%
24,949
-400
-2% -$13.2K
HWC icon
834
Hancock Whitney
HWC
$6.24B
$997K 0.01%
20,840
-300
-1% -$13.7K
WU icon
835
Western Union
WU
$2.21B
$996K 0.01%
81,466
-4,600
-5% -$59.8K
HOG icon
836
Harley-Davidson
HOG
$2.71B
$988K 0.01%
29,461
-1,700
-5% -$61.8K
LOPE icon
837
Grand Canyon Education
LOPE
$3.98B
$988K 0.01%
7,059
-200
-3% -$27.6K
EFOR
838
Everforth Inc
EFOR
$1.32B
$972K 0.01%
11,021
-600
-5% -$57.3K
POWI icon
839
Power Integrations
POWI
$3.61B
$963K ﹤0.01%
13,718
-200
-1% -$14.4K
AVNT icon
840
Avient
AVNT
$4.19B
$961K ﹤0.01%
22,024
-400
-2% -$17.5K
RYN icon
841
Rayonier
RYN
$6.55B
$960K ﹤0.01%
36,366
-551
-1% -$15.1K
KNF icon
842
Knife River
KNF
$3.79B
$958K ﹤0.01%
13,655
-200
-1% -$14.9K
AN icon
843
AutoNation
AN
$6.92B
$948K ﹤0.01%
5,948
-400
-6% -$65.3K
FCFS icon
844
FirstCash
FCFS
$8.78B
$945K ﹤0.01%
9,015
-100
-1% -$11.8K
ORA icon
845
Ormat Technologies
ORA
$6.65B
$932K ﹤0.01%
13,000
-200
-2% -$13.9K
MZTI
846
The Marzetti Company
MZTI
$3.11B
$932K ﹤0.01%
4,932
-100
-2% -$19.1K
CPRI icon
847
Capri Holdings
CPRI
$1.74B
$928K ﹤0.01%
28,065
-600
-2% -$21.7K
BDC icon
848
Belden
BDC
$5.19B
$919K ﹤0.01%
9,798
-400
-4% -$36.4K
FFIN icon
849
First Financial Bankshares
FFIN
$4.97B
$914K ﹤0.01%
30,963
-600
-2% -$18K
RH icon
850
RH
RH
$3.71B
$908K ﹤0.01%
3,715
– –
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
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.