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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
EPR icon
876
EPR Properties
EPR
$4.63B
$882K ﹤0.01%
17,989
-200
-1% -$9.13K
KMPR icon
877
Kemper
KMPR
$1.55B
$882K ﹤0.01%
14,396
-200
-1% -$12.3K
SMG icon
878
ScottsMiracle-Gro
SMG
$3.63B
$876K ﹤0.01%
10,100
– –
POWI icon
879
Power Integrations
POWI
$3.46B
$867K ﹤0.01%
13,518
-200
-1% -$13.2K
ALGM icon
880
Allegro MicroSystems
ALGM
$7.91B
$860K ﹤0.01%
36,900
+19,700
+115% +$495K
IRDM icon
881
Iridium Communications
IRDM
$5.23B
$854K ﹤0.01%
28,059
-1,200
-4% -$32.7K
NWS icon
882
News Corp Class B
NWS
$17.6B
$854K ﹤0.01%
30,545
-800
-3% -$22.6K
PRGO icon
883
Perrigo
PRGO
$1.75B
$849K ﹤0.01%
32,358
-500
-2% -$13.8K
TEX icon
884
Terex
TEX
$7.58B
$842K ﹤0.01%
15,918
-300
-2% -$16.6K
VAL icon
885
Valaris
VAL
$5.94B
$836K ﹤0.01%
15,000
– –
NWE icon
886
NorthWestern Energy
NWE
$4.38B
$831K ﹤0.01%
14,528
-200
-1% -$10.7K
MAN icon
887
ManpowerGroup
MAN
$2.63B
$828K ﹤0.01%
11,263
-200
-2% -$14.4K
YETI icon
888
Yeti Holdings
YETI
$3.99B
$827K ﹤0.01%
20,147
-400
-2% -$15.7K
AMKR icon
889
Amkor Technology
AMKR
$13.1B
$825K ﹤0.01%
26,949
+2,000
+8% +$68.1K
COTY icon
890
Coty
COTY
$2.51B
$812K ﹤0.01%
86,498
-1,300
-1% -$12.4K
CDP icon
891
COPT Defense Properties
CDP
$4.14B
$810K ﹤0.01%
26,713
-400
-1% -$11.4K
NVST icon
892
Envista
NVST
$4.53B
$807K ﹤0.01%
40,863
-500
-1% -$8.71K
MZTI
893
The Marzetti Company
MZTI
$3.13B
$800K ﹤0.01%
4,532
-400
-8% -$73.6K
NSA
894
DELISTED
National Storage Affiliates Trust
NSA
$800K ﹤0.01%
16,601
-200
-1% -$8.93K
BLKB icon
895
Blackbaud
BLKB
$2.09B
$800K ﹤0.01%
9,448
-300
-3% -$23.9K
FLG
896
Flagstar Bank National Association
FLG
$5.84B
$795K ﹤0.01%
70,795
+12,100
+21% +$129K
NEOG icon
897
Neogen
NEOG
$2.49B
$788K ﹤0.01%
46,853
-600
-1% -$9.87K
TCBI icon
898
Texas Capital Bancshares
TCBI
$4.32B
$783K ﹤0.01%
10,952
-300
-3% -$19.6K
PCH
899
DELISTED
PotlatchDeltic
PCH
$767K ﹤0.01%
17,031
-2,100
-11% -$88.9K
TNL icon
900
Travel + Leisure Co
TNL
$4.5B
$765K ﹤0.01%
16,607
-600
-3% -$26.5K
34 35
36
37 38

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.