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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
LOPE icon
826
Grand Canyon Education
LOPE
$3.83B
$1.11M 0.01%
6,759
-100
-1% -$15.3K
VVV icon
827
Valvoline
VVV
$4.3B
$1.1M 0.01%
30,515
-100
-0.3% -$4K
DLB icon
828
Dolby
DLB
$5.82B
$1.1M 0.01%
14,100
-100
-0.7% -$7.62K
FFIN icon
829
First Financial Bankshares
FFIN
$4.91B
$1.1M 0.01%
30,463
-100
-0.3% -$3.88K
NJR icon
830
New Jersey Resources
NJR
$5.46B
$1.1M 0.01%
23,485
-100
-0.4% -$4.74K
KBH icon
831
KB Home
KBH
$3.47B
$1.09M 0.01%
16,638
-500
-3% -$38.9K
POR icon
832
Portland General Electric
POR
$5.65B
$1.09M 0.01%
25,000
+500
+2% +$23.3K
NXST icon
833
Nexstar Media Group
NXST
$5.9B
$1.09M 0.01%
6,900
-300
-4% -$50.4K
BDC icon
834
Belden
BDC
$5.27B
$1.08M 0.01%
9,598
-100
-1% -$11.9K
TKR icon
835
Timken Company
TKR
$8.78B
$1.08M 0.01%
15,123
– –
AVT icon
836
Avnet
AVT
$8.07B
$1.08M 0.01%
20,605
-300
-1% -$16.3K
CLF icon
837
Cleveland-Cliffs
CLF
$7.15B
$1.08M 0.01%
114,627
+3,500
+3% +$42.2K
EXPO icon
838
Exponent
EXPO
$3.26B
$1.07M 0.01%
12,000
– –
MMS icon
839
Maximus
MMS
$2.91B
$1.06M 0.01%
14,218
-100
-0.7% -$8.16K
IRT icon
840
Independence Realty Trust
IRT
$3.97B
$1.06M 0.01%
53,200
-200
-0.4% -$4.08K
TXNM
841
TXNM Energy Inc
TXNM
$5.91B
$1.05M 0.01%
21,389
-100
-0.5% -$4.62K
AN icon
842
AutoNation
AN
$6.89B
$1.04M 0.01%
6,148
-100
-2% -$16.9K
WMG icon
843
Warner Music
WMG
$13.9B
$1.04M 0.01%
33,500
-100
-0.3% -$3.2K
PSN icon
844
Parsons
PSN
$4.92B
$1.02M 0.01%
11,100
– –
WLK icon
845
Westlake Corp
WLK
$10.1B
$1.02M 0.01%
8,900
+200
+2% +$26K
VLY icon
846
Valley National Bancorp
VLY
$8.08B
$1.02M 0.01%
112,481
+10,900
+11% +$106K
KRC icon
847
Kilroy Realty
KRC
$4.34B
$1.02M 0.01%
25,165
+100
+0.4% +$4.04K
BC icon
848
Brunswick
BC
$5.2B
$1.01M 0.01%
15,670
-100
-0.6% -$7.84K
EEFT icon
849
Euronet Worldwide
EEFT
$2.63B
$1.01M 0.01%
9,817
-200
-2% -$20.4K
SWX icon
850
Southwest Gas
SWX
$6.55B
$1.01M 0.01%
14,229
-100
-0.7% -$7.43K
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
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.