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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
SLGN icon
851
Silgan Holdings
SLGN
$4.31B
$999K 0.01%
19,200
-100
-0.5% -$5.33K
BKH icon
852
Black Hills Corp
BKH
$5.62B
$989K 0.01%
16,900
+300
+2% +$18.2K
CELH icon
853
Celsius Holdings
CELH
$6.69B
$982K 0.01%
37,300
+200
+0.5% +$5.93K
MUR icon
854
Murphy Oil
MUR
$5.12B
$982K 0.01%
32,447
-1,200
-4% -$38.6K
SBRA icon
855
Sabra Healthcare REIT
SBRA
$5.3B
$971K 0.01%
56,049
+400
+0.7% +$7.3K
NEU icon
856
NewMarket
NEU
$8.4B
$971K 0.01%
1,837
– –
ST icon
857
Sensata Technologies
ST
$6.76B
$970K 0.01%
35,400
-400
-1% -$13K
CIVI
858
DELISTED
Civitas Resources
CIVI
$963K 0.01%
21,000
-500
-2% -$24.9K
BCO icon
859
Brink's
BCO
$4.56B
$963K 0.01%
10,377
-100
-1% -$10K
FLO icon
860
Flowers Foods
FLO
$1.51B
$957K 0.01%
46,342
-200
-0.4% -$4.4K
SLAB icon
861
Silicon Laboratories
SLAB
$7.2B
$956K 0.01%
7,697
– –
FCFS icon
862
FirstCash
FCFS
$9.06B
$955K 0.01%
9,215
– –
KMPR icon
863
Kemper
KMPR
$1.55B
$950K ﹤0.01%
14,296
-100
-0.7% -$6.6K
TWLO icon
864
Twilio
TWLO
$38.4B
$940K ﹤0.01%
8,700
+800
+10% +$73.1K
OPCH icon
865
Option Care Health
OPCH
$3.66B
$934K ﹤0.01%
40,259
-300
-0.7% -$7.58K
OGS icon
866
ONE Gas
OGS
$4.96B
$928K ﹤0.01%
13,404
– –
HAE icon
867
Haemonetics
HAE
$3.95B
$927K ﹤0.01%
11,874
-300
-2% -$24.1K
SR icon
868
Spire
SR
$4.8B
$925K ﹤0.01%
13,636
-100
-0.7% -$6.7K
NWS icon
869
News Corp Class B
NWS
$17.6B
$923K ﹤0.01%
30,345
-200
-0.7% -$6.03K
ORA icon
870
Ormat Technologies
ORA
$6.79B
$914K ﹤0.01%
13,500
+700
+5% +$54.1K
ASB icon
871
Associated Banc-Corp
ASB
$5.91B
$910K ﹤0.01%
38,078
+2,800
+8% +$68.6K
CNO icon
872
CNO Financial Group
CNO
$5.11B
$910K ﹤0.01%
24,451
-700
-3% -$26K
XRAY icon
873
Dentsply Sirona
XRAY
$2.37B
$894K ﹤0.01%
47,100
-1,000
-2% -$21.1K
ALE
874
DELISTED
Allete
ALE
$884K ﹤0.01%
13,646
-100
-0.7% -$6.45K
AVNT icon
875
Avient
AVNT
$4.18B
$884K ﹤0.01%
21,624
-100
-0.5% -$4.84K
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
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.