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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 | |
|---|---|---|---|---|---|---|
876
Teradata
TDC
$2.55B
| $807K | ﹤0.01% |
23,342
-700
| -3% | -$24.4K |
|
877
Kilroy Realty
KRC
$4.42B
| $803K | ﹤0.01% |
25,765
-500
| -2% | -$16.6K |
|
|
TXNM
878
TXNM Energy Inc
TXNM
$5.94B
| $802K | ﹤0.01% |
21,689
+600
| +3% | +$22.3K |
|
879
ManpowerGroup
MAN
$2.63B
| $800K | ﹤0.01% |
11,463
-500
| -4% | -$37K |
|
880
Insperity
NSP
$2.01B
| $789K | ﹤0.01% |
8,650
| – | – |
|
881
Yeti Holdings
YETI
$3.95B
| $784K | ﹤0.01% |
20,547
-800
| -4% | -$31.1K |
|
882
Goodyear
GT
$1.85B
| $779K | ﹤0.01% |
68,626
-1,000
| -1% | -$12.2K |
|
883
Iridium Communications
IRDM
$5.29B
| $779K | ﹤0.01% |
29,259
-1,200
| -4% | -$33.8K |
|
884
Arrowhead Research
ARWR
$12.4B
| $776K | ﹤0.01% |
29,870
-600
| -2% | -$14.7K |
|
885
Travel + Leisure Co
TNL
$4.7B
| $774K | ﹤0.01% |
17,207
-600
| -3% | -$26.9K |
|
886
EPR Properties
EPR
$4.77B
| $764K | ﹤0.01% |
18,189
-300
| -2% | -$12.3K |
|
887
Park Hotels & Resorts
PK
$2.97B
| $760K | ﹤0.01% |
50,729
-800
| -2% | -$12.8K |
|
888
Associated Banc-Corp
ASB
$5.91B
| $755K | ﹤0.01% |
35,678
-800
| -2% | -$16.8K |
|
|
PCH
889
DELISTED
PotlatchDeltic
PCH
| $754K | ﹤0.01% |
19,131
-400
| -2% | -$16.9K |
|
890
Blackbaud
BLKB
$2.08B
| $743K | ﹤0.01% |
9,748
-600
| -6% | -$46.2K |
|
891
Neogen
NEOG
$2.5B
| $742K | ﹤0.01% |
47,453
-900
| -2% | -$12.5K |
|
892
International Bancshares
IBOC
$4.57B
| $739K | ﹤0.01% |
12,912
-200
| -2% | -$11.3K |
|
893
NorthWestern Energy
NWE
$4.43B
| $738K | ﹤0.01% |
14,728
-300
| -2% | -$15.2K |
|
|
AMED
894
DELISTED
Amedisys
AMED
| $723K | ﹤0.01% |
7,875
-100
| -1% | -$9.28K |
|
895
CNO Financial Group
CNO
$5.1B
| $722K | ﹤0.01% |
26,051
-800
| -3% | -$21.8K |
|
896
Valley National Bancorp
VLY
$8.04B
| $720K | ﹤0.01% |
103,081
-1,700
| -2% | -$12.4K |
|
897
Crane NXT
CXT
$3.07B
| $717K | ﹤0.01% |
11,672
-200
| -2% | -$12.3K |
|
898
Concentrix
CNXC
$1.57B
| $714K | ﹤0.01% |
11,291
-300
| -3% | -$18K |
|
899
LivaNova
LIVN
$4.2B
| $713K | ﹤0.01% |
13,011
-200
| -2% | -$11.4K |
|
900
Visteon
VC
$2.78B
| $705K | ﹤0.01% |
6,607
-200
| -3% | -$22.1K |
|
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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.