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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
QLYS icon
826
Qualys
QLYS
$6.43B
$1.13M 0.01%
8,776
-100
-1% -$13.2K
ETH
827
Grayscale Ethereum Staking Mini ETF Shares
ETH
$1.71B
$1.12M 0.01%
+46,000
New +$1.15M
AN icon
828
AutoNation
AN
$6.88B
$1.12M 0.01%
6,248
+300
+5% +$51.5K
GATX icon
829
GATX Corp
GATX
$6.23B
$1.11M 0.01%
8,412
-200
-2% -$27.5K
NJR icon
830
New Jersey Resources
NJR
$5.45B
$1.11M 0.01%
23,585
-200
-0.8% -$9.13K
UMBF icon
831
UMB Financial
UMBF
$11.1B
$1.11M 0.01%
10,541
– –
AMTM
832
Amentum Holdings
AMTM
$5.97B
$1.1M 0.01%
+34,099
New +$971K
IRT icon
833
Independence Realty Trust
IRT
$3.94B
$1.09M 0.01%
53,400
-700
-1% -$13.8K
AVNT icon
834
Avient
AVNT
$4.19B
$1.09M 0.01%
21,724
-300
-1% -$13.8K
CIVI
835
DELISTED
Civitas Resources
CIVI
$1.09M 0.01%
21,500
-700
-3% -$43.4K
DLB icon
836
Dolby
DLB
$5.82B
$1.09M 0.01%
14,200
-200
-1% -$14.9K
HOG icon
837
Harley-Davidson
HOG
$2.72B
$1.09M 0.01%
28,161
-1,300
-4% -$47.1K
VNOM icon
838
Viper Energy
VNOM
$15.3B
$1.08M 0.01%
+24,000
New +$1.06M
RMBS icon
839
Rambus
RMBS
$10.4B
$1.08M 0.01%
25,600
-400
-2% -$19.4K
OZK icon
840
Bank OZK
OZK
$5.63B
$1.08M 0.01%
25,012
-400
-2% -$17K
FLO icon
841
Flowers Foods
FLO
$1.51B
$1.07M 0.01%
46,542
+300
+0.6% +$6.81K
CUZ icon
842
Cousins Properties
CUZ
$4.83B
$1.07M 0.01%
36,144
-500
-1% -$13.5K
FCFS icon
843
FirstCash
FCFS
$9.05B
$1.06M 0.01%
9,215
+200
+2% +$22.6K
SWX icon
844
Southwest Gas
SWX
$6.56B
$1.06M 0.01%
14,329
-200
-1% -$14.5K
BYD icon
845
Boyd Gaming
BYD
$5.92B
$1.06M 0.01%
16,324
+100
+0.6% +$5.9K
WMG icon
846
Warner Music
WMG
$13.8B
$1.05M 0.01%
33,600
-500
-1% -$14.8K
HWC icon
847
Hancock Whitney
HWC
$6.21B
$1.05M 0.01%
20,540
-300
-1% -$15.3K
PII icon
848
Polaris
PII
$3.97B
$1.04M 0.01%
12,479
-300
-2% -$24.4K
SBRA icon
849
Sabra Healthcare REIT
SBRA
$5.28B
$1.04M 0.01%
55,649
-100
-0.2% -$1.69K
M icon
850
Macy's
M
$6.55B
$1.03M 0.01%
65,670
-600
-0.9% -$9.74K
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 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.