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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
+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
(+4.6%)
Cap. Flow
+$202M
Cap. Flow
% of AUM
1.04%
Top 10 Holdings %
Top 10 Hldgs %
37.69%
Holding
972
New
17
Increased
273
Reduced
579
Closed
22
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Core US Aggregate Bond ETF
AGG
|
+$496M |
| 2 |
Bristol-Myers Squibb
BMY
|
+$127M |
| 3 |
CVS Health
CVS
|
+$100M |
| 4 |
Kroger
KR
|
+$38.3M |
| 5 |
Burlington
BURL
|
+$34M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Verizon
VZ
|
+$238M |
| 2 |
iShares MBS ETF
MBB
|
+$88M |
| 3 |
Apollo Global Management
APO
|
+$74.8M |
| 4 |
OneMain Financial
OMF
|
+$58M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
851
Black Hills Corp
BKH
$5.69B
| $903K | ﹤0.01% |
16,600
-100
| -0.6% | -$5.45K |
|
852
CNX Resources
CNX
$5.2B
| $897K | ﹤0.01% |
36,902
-400
| -1% | -$9.76K |
|
853
Boyd Gaming
BYD
$6.06B
| $894K | ﹤0.01% |
16,224
-800
| -5% | -$45.7K |
|
854
News Corp Class B
NWS
$17.5B
| $890K | ﹤0.01% |
31,345
-100
| -0.3% | -$2.66K |
|
855
Terex
TEX
$7.74B
| $889K | ﹤0.01% |
16,218
-200
| -1% | -$11.9K |
|
856
Coty
COTY
$2.48B
| $880K | ﹤0.01% |
87,798
-4,500
| -5% | -$48.2K |
|
857
UMB Financial
UMBF
$11.1B
| $879K | ﹤0.01% |
10,541
-200
| -2% | -$16.4K |
|
|
GTM
858
ZoomInfo Technologies
GTM
$1.22B
| $875K | ﹤0.01% |
68,500
-4,200
| -6% | -$58.8K |
|
859
MSC Industrial Direct
MSM
$6.86B
| $870K | ﹤0.01% |
10,965
-300
| -3% | -$26.6K |
|
|
ALE
860
DELISTED
Allete
ALE
| $870K | ﹤0.01% |
13,946
-200
| -1% | -$12.3K |
|
861
ONE Gas
OGS
$5.04B
| $869K | ﹤0.01% |
13,604
| – | – |
|
862
Kemper
KMPR
$1.68B
| $866K | ﹤0.01% |
14,596
-300
| -2% | -$17.6K |
|
863
Roivant Sciences
ROIV
$26.2B
| $861K | ﹤0.01% |
81,500
+600
| +0.7% | +$6.58K |
|
864
Sabra Healthcare REIT
SBRA
$5.37B
| $859K | ﹤0.01% |
55,749
-1,000
| -2% | -$14.3K |
|
865
Silicon Laboratories
SLAB
$7.23B
| $852K | ﹤0.01% |
7,697
-100
| -1% | -$12.3K |
|
866
Cousins Properties
CUZ
$4.88B
| $848K | ﹤0.01% |
36,644
-600
| -2% | -$13.8K |
|
867
Spire
SR
$4.85B
| $846K | ﹤0.01% |
13,936
+400
| +3% | +$24.2K |
|
868
NewMarket
NEU
$8.18B
| $844K | ﹤0.01% |
1,637
-100
| -6% | -$55.6K |
|
869
Perrigo
PRGO
$1.78B
| $844K | ﹤0.01% |
32,858
-400
| -1% | -$11.8K |
|
870
Synaptics
SYNA
$4.15B
| $841K | ﹤0.01% |
9,533
-100
| -1% | -$9.06K |
|
|
ALTM
871
DELISTED
Arcadium Lithium plc
ALTM
| $835K | ﹤0.01% |
248,658
-4,500
| -2% | -$18.8K |
|
872
Lumentum
LITE
$69.3B
| $831K | ﹤0.01% |
16,328
-200
| -1% | -$9.06K |
|
873
Silgan Holdings
SLGN
$4.41B
| $825K | ﹤0.01% |
19,500
-400
| -2% | -$18.6K |
|
874
Doximity
DOCS
$4.88B
| $822K | ﹤0.01% |
29,400
-600
| -2% | -$15.8K |
|
875
Chemours
CC
$2.37B
| $810K | ﹤0.01% |
35,879
-600
| -2% | -$15.7K |
|
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DSA
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.