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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
ENS icon
876
EnerSys
ENS
$6.84B
$875K ﹤0.01%
9,472
-100
-1% -$9.73K
ACHC icon
877
Acadia Healthcare
ACHC
$2.96B
$873K ﹤0.01%
22,030
– –
EFOR
878
Everforth Inc
EFOR
$1.34B
$868K ﹤0.01%
10,421
-200
-2% -$18.3K
TCBI icon
879
Texas Capital Bancshares
TCBI
$4.31B
$856K ﹤0.01%
10,952
– –
WU icon
880
Western Union
WU
$2.17B
$848K ﹤0.01%
79,966
-200
-0.2% -$2.22K
RYN icon
881
Rayonier
RYN
$6.5B
$830K ﹤0.01%
33,345
-1,698
-5% -$47.3K
PRGO icon
882
Perrigo
PRGO
$1.74B
$829K ﹤0.01%
32,258
-100
-0.3% -$2.63K
POWI icon
883
Power Integrations
POWI
$3.49B
$828K ﹤0.01%
13,418
-100
-0.7% -$6.36K
ASH icon
884
Ashland
ASH
$3.44B
$825K ﹤0.01%
11,539
-100
-0.9% -$8.01K
CDP icon
885
COPT Defense Properties
CDP
$4.14B
$824K ﹤0.01%
26,613
-100
-0.4% -$3.18K
HOG icon
886
Harley-Davidson
HOG
$2.7B
$818K ﹤0.01%
27,161
-1,000
-4% -$33.1K
TNL icon
887
Travel + Leisure Co
TNL
$4.5B
$818K ﹤0.01%
16,207
-400
-2% -$20.3K
IBOC icon
888
International Bancshares
IBOC
$4.49B
$803K ﹤0.01%
12,712
– –
EPR icon
889
EPR Properties
EPR
$4.63B
$792K ﹤0.01%
17,889
-100
-0.6% -$4.58K
MSM icon
890
MSC Industrial Direct
MSM
$6.84B
$789K ﹤0.01%
10,565
-100
-0.9% -$8.24K
NVST icon
891
Envista
NVST
$4.53B
$786K ﹤0.01%
40,763
-100
-0.2% -$1.98K
MZTI
892
The Marzetti Company
MZTI
$3.11B
$785K ﹤0.01%
4,532
– –
IRDM icon
893
Iridium Communications
IRDM
$5.21B
$782K ﹤0.01%
26,959
-1,100
-4% -$32.7K
NWE icon
894
NorthWestern Energy
NWE
$4.38B
$777K ﹤0.01%
14,528
– –
YETI icon
895
Yeti Holdings
YETI
$3.95B
$772K ﹤0.01%
20,047
-100
-0.5% -$3.97K
FHI icon
896
Federated Hermes
FHI
$4.71B
$760K ﹤0.01%
18,476
-200
-1% -$8.08K
CHH icon
897
Choice Hotels
CHH
$4.64B
$757K ﹤0.01%
5,332
– –
TEX icon
898
Terex
TEX
$7.57B
$731K ﹤0.01%
15,818
-100
-0.6% -$5.21K
SYNA icon
899
Synaptics
SYNA
$4.15B
$728K ﹤0.01%
9,533
+200
+2% +$15.1K
GHC icon
900
Graham Holdings Company
GHC
$4.97B
$718K ﹤0.01%
824
– –
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
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.