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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
RYN icon
851
Rayonier
RYN
$6.52B
$1.02M 0.01%
35,043
-1,323
-4% -$36.1K
LITE icon
852
Lumentum
LITE
$63.3B
$1.02M 0.01%
16,128
-200
-1% -$10.8K
BKH icon
853
Black Hills Corp
BKH
$5.62B
$1.01M 0.01%
16,600
– –
NEU icon
854
NewMarket
NEU
$8.37B
$1.01M 0.01%
1,837
+200
+12% +$110K
SLGN icon
855
Silgan Holdings
SLGN
$4.35B
$1.01M 0.01%
19,300
-200
-1% -$9.73K
ASH icon
856
Ashland
ASH
$3.45B
$1.01M 0.01%
11,639
-400
-3% -$35.8K
GTLB icon
857
GitLab
GTLB
$6.88B
$1.01M 0.01%
+19,533
New +$976K
OGS icon
858
ONE Gas
OGS
$4.96B
$998K ﹤0.01%
13,404
-200
-1% -$13.8K
EEFT icon
859
Euronet Worldwide
EEFT
$2.65B
$994K ﹤0.01%
10,017
-500
-5% -$50.6K
EFOR
860
Everforth Inc
EFOR
$1.33B
$990K ﹤0.01%
10,621
-400
-4% -$37.1K
ORA icon
861
Ormat Technologies
ORA
$6.87B
$985K ﹤0.01%
12,800
-200
-2% -$14.8K
HAE icon
862
Haemonetics
HAE
$3.94B
$979K ﹤0.01%
12,174
-100
-0.8% -$8.08K
ENS icon
863
EnerSys
ENS
$6.79B
$977K ﹤0.01%
9,572
-200
-2% -$20.2K
LOPE icon
864
Grand Canyon Education
LOPE
$3.82B
$973K ﹤0.01%
6,859
-200
-3% -$28.9K
KRC icon
865
Kilroy Realty
KRC
$4.32B
$970K ﹤0.01%
25,065
-700
-3% -$24.7K
WU icon
866
Western Union
WU
$2.19B
$956K ﹤0.01%
80,166
-1,300
-2% -$15.7K
TXNM
867
TXNM Energy Inc
TXNM
$5.91B
$941K ﹤0.01%
21,489
-200
-0.9% -$8.12K
EDIT icon
868
Editas Medicine
EDIT
$432M
$933K ﹤0.01%
273,721
– –
SR icon
869
Spire
SR
$4.79B
$924K ﹤0.01%
13,736
-200
-1% -$13K
SFIX
870
Stitch Fix
SFIX
$530M
$922K ﹤0.01%
326,983
– –
VLY icon
871
Valley National Bancorp
VLY
$8.1B
$920K ﹤0.01%
101,581
-1,500
-1% -$12.2K
MSM icon
872
MSC Industrial Direct
MSM
$6.87B
$918K ﹤0.01%
10,665
-300
-3% -$24.5K
SLAB icon
873
Silicon Laboratories
SLAB
$7.2B
$890K ﹤0.01%
7,697
– –
CNO icon
874
CNO Financial Group
CNO
$5.12B
$883K ﹤0.01%
25,151
-900
-3% -$28.9K
ALE
875
DELISTED
Allete
ALE
$882K ﹤0.01%
13,746
-200
-1% -$12.7K
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 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.