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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
+14.11%
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
$18.6B
AUM Growth
+$1.79B
Cap. Flow
+$12.3M
Cap. Flow %
0.07%
Top 10 Hldgs %
34.69%
Holding
974
New
16
Increased
601
Reduced
158
Closed
19

Top Buys

Rank Stock Value
1
NEE icon
NextEra Energy
NEE
+$132M
2
MBB icon
iShares MBS ETF
MBB
+$94.8M
3
BMY icon
Bristol-Myers Squibb
BMY
+$66.2M
4
SMCI icon
Super Micro Computer
SMCI
+$40.2M
5
MSFT icon
Microsoft
MSFT
+$40.2M

Top Sells

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$117M
2
AGG icon
iShares Core US Aggregate Bond ETF
AGG
+$97M
3
PANW icon
Palo Alto Networks
PANW
+$66.1M
4
APO icon
Apollo Global Management
APO
+$52.8M
5
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$32.1M

Sector Composition

Rank Sector Weight
1 Technology 26.33%
2 Financials 10.76%
3 Communication Services 10.57%
4 Healthcare 9.84%
5 Consumer Discretionary 8.58%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CRI icon
901
Carter's
CRI
$1.48B
$765K ﹤0.01%
9,029
+200
+2% +$15.9K
NEOG icon
902
Neogen
NEOG
$2.49B
$763K ﹤0.01%
48,353
+1,100
+2% +$18.4K
CHH icon
903
Choice Hotels
CHH
$4.62B
$762K ﹤0.01%
6,032
+100
+2% +$12K
ENOV icon
904
Enovis
ENOV
$1.4B
$762K ﹤0.01%
12,202
+300
+3% +$18K
NSA
905
DELISTED
National Storage Affiliates Trust
NSA
$744K ﹤0.01%
19,001
+500
+3% +$18.8K
ADNT icon
906
Adient
ADNT
$1.44B
$739K ﹤0.01%
22,456
– –
LIVN icon
907
LivaNova
LIVN
$4.21B
$739K ﹤0.01%
13,211
+300
+2% +$15.6K
CNO icon
908
CNO Financial Group
CNO
$5.12B
$738K ﹤0.01%
26,851
-100
-0.4% -$2.7K
IBOC icon
909
International Bancshares
IBOC
$4.53B
$736K ﹤0.01%
13,112
+300
+2% +$15.9K
PSNL icon
910
Personalis
PSNL
$1.55B
$736K ﹤0.01%
493,798
+50,000
+11% +$77.5K
AMED
911
DELISTED
Amedisys
AMED
$735K ﹤0.01%
7,975
+100
+1% +$9.37K
CXT icon
912
Crane NXT
CXT
$2.96B
$735K ﹤0.01%
11,872
+300
+3% +$17.6K
FHI icon
913
Federated Hermes
FHI
$4.71B
$725K ﹤0.01%
20,076
-600
-3% -$21.1K
TGNA
914
DELISTED
TEGNA Inc
TGNA
$723K ﹤0.01%
48,371
+1,100
+2% +$16.3K
ZD icon
915
Ziff Davis
ZD
$2B
$715K ﹤0.01%
11,340
+300
+3% +$19.9K
TCBI icon
916
Texas Capital Bancshares
TCBI
$4.32B
$711K ﹤0.01%
11,552
– –
VSH icon
917
Vishay Intertechnology
VSH
$5.08B
$703K ﹤0.01%
30,988
+700
+2% +$15.6K
GO icon
918
Grocery Outlet
GO
$972M
$702K ﹤0.01%
24,380
+600
+3% +$15.8K
SAM icon
919
Boston Beer
SAM
$1.86B
$695K ﹤0.01%
2,283
– –
TPL icon
920
Texas Pacific Land
TPL
$24.2B
$694K ﹤0.01%
3,600
– –
COLM icon
921
Columbia Sportswear
COLM
$2.92B
$688K ﹤0.01%
8,474
+200
+2% +$15.9K
HELE icon
922
Helen of Troy
HELE
$680M
$672K ﹤0.01%
5,827
+100
+2% +$11.9K
PENN icon
923
PENN Entertainment
PENN
$2.53B
$666K ﹤0.01%
36,600
+200
+0.5% +$4.13K
CDP icon
924
COPT Defense Properties
CDP
$4.14B
$665K ﹤0.01%
27,513
+500
+2% +$12.2K
IPGP icon
925
IPG Photonics
IPGP
$3.61B
$662K ﹤0.01%
7,300
+200
+3% +$18.8K
35 36
37
38 39

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 Q1 2024 Portfolio in Review

As of Q1 2024, State of Michigan Retirement System held 974 positions worth $18.6B, up 11% from $16.8B the previous quarter. Its ten largest holdings account for 35% of the portfolio.

Trading was light in Q1 2024: portfolio turnover was 3.6%. State of Michigan Retirement System opened 16 new positions and exited 19, leaving the 974-position portfolio largely intact.

By sector, the portfolio is most concentrated in Technology at 26% of assets, up from 25% a quarter earlier, followed by Financials and Communication Services.

  • State of Michigan Retirement System's largest Q1 2024 buy was Arm: 228,200 shares worth $28.5M.
  • State of Michigan Retirement System added most to NextEra Energy in Q1 2024, an estimated $132M increase.
  • State of Michigan Retirement System's biggest Q1 2024 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $117M.
  • State of Michigan Retirement System fully exited iShares Core US Aggregate Bond ETF in Q1 2024, selling an estimated $97M.
  • State of Michigan Retirement System's ten largest holdings make up 35% of its $18.6B portfolio in Q1 2024.
  • State of Michigan Retirement System opened 16 new positions and closed 19 in Q1 2024.
  • State of Michigan Retirement System's portfolio value rose 11% quarter-over-quarter to $18.6B.

Based on State of Michigan Retirement System's 13F filing for Q1 2024, filed 18 Apr 2024.