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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
GT icon
851
Goodyear
GT
$1.74B
$956K 0.01%
69,626
+1,600
+2% +$20.9K
NSP icon
852
Insperity
NSP
$1.96B
$948K 0.01%
8,650
+200
+2% +$21.3K
BDC icon
853
Belden
BDC
$5.28B
$944K 0.01%
10,198
+200
+2% +$16.3K
ENS icon
854
EnerSys
ENS
$6.79B
$942K 0.01%
9,972
+300
+3% +$28.2K
SYNA icon
855
Synaptics
SYNA
$4.09B
$940K 0.01%
9,633
+200
+2% +$21K
UMBF icon
856
UMB Financial
UMBF
$11.1B
$934K 0.01%
10,741
+300
+3% +$24.4K
TDC icon
857
Teradata
TDC
$2.58B
$930K 0.01%
24,042
+600
+3% +$25.3K
MAN icon
858
ManpowerGroup
MAN
$2.63B
$929K 0.01%
11,963
+300
+3% +$22.3K
KMPR icon
859
Kemper
KMPR
$1.55B
$922K 0.01%
14,896
+400
+3% +$22.9K
PCH
860
DELISTED
PotlatchDeltic
PCH
$918K ﹤0.01%
19,531
+500
+3% +$23K
WOLF icon
861
Wolfspeed
WOLF
$1.52B
$912K ﹤0.01%
30,922
+900
+3% +$27.1K
BKH icon
862
Black Hills Corp
BKH
$5.62B
$912K ﹤0.01%
16,700
+400
+2% +$20.9K
NVST icon
863
Envista
NVST
$4.53B
$901K ﹤0.01%
42,163
+1,000
+2% +$22.7K
PK icon
864
Park Hotels & Resorts
PK
$2.92B
$901K ﹤0.01%
51,529
+1,100
+2% +$17.8K
CUZ icon
865
Cousins Properties
CUZ
$4.83B
$895K ﹤0.01%
37,244
+800
+2% +$18.7K
IRT icon
866
Independence Realty Trust
IRT
$3.94B
$889K ﹤0.01%
55,100
+1,200
+2% +$18.3K
CNX icon
867
CNX Resources
CNX
$5.32B
$885K ﹤0.01%
37,302
-800
-2% -$16.6K
OGS icon
868
ONE Gas
OGS
$4.96B
$878K ﹤0.01%
13,604
+300
+2% +$18.4K
VAC icon
869
Marriott Vacations Worldwide
VAC
$3.89B
$874K ﹤0.01%
8,113
+200
+3% +$18.1K
ORA icon
870
Ormat Technologies
ORA
$6.87B
$874K ﹤0.01%
13,200
+300
+2% +$20K
TNL icon
871
Travel + Leisure Co
TNL
$4.5B
$872K ﹤0.01%
17,807
+400
+2% +$17.1K
ARWR icon
872
Arrowhead Research
ARWR
$12.5B
$871K ﹤0.01%
30,470
+4,800
+19% +$154K
SFIX
873
Stitch Fix
SFIX
$530M
$863K ﹤0.01%
326,983
-350,000
-52% -$1.08M
ROIV icon
874
Roivant Sciences
ROIV
$25.8B
$853K ﹤0.01%
+80,900
New +$872K
FERG icon
875
Ferguson
FERG
$51.2B
$852K ﹤0.01%
3,900
– –
33 34
35
36 37

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.