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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
Cap. Flow
+$202M
Cap. Flow %
1.04%
Top 10 Hldgs %
37.69%
Holding
972
New
17
Increased
273
Reduced
579
Closed
22

Top Buys

Rank Stock Value
1
AGG icon
iShares Core US Aggregate Bond ETF
AGG
+$496M
2
BMY icon
Bristol-Myers Squibb
BMY
+$127M
3
CVS icon
CVS Health
CVS
+$100M
4
KR icon
Kroger
KR
+$38.3M
5
BURL icon
Burlington
BURL
+$34M

Top Sells

Rank Stock Value
1
VZ icon
Verizon
VZ
+$238M
2
MBB icon
iShares MBS ETF
MBB
+$88M
3
APO icon
Apollo Global Management
APO
+$74.8M
4
OMF icon
OneMain Financial
OMF
+$58M
5
INTU icon
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
PAG icon
901
Penske Automotive Group
PAG
$14.2B
$700K ﹤0.01%
4,700
-100
-2% -$15.2K
NSA
902
DELISTED
National Storage Affiliates Trust
NSA
$693K ﹤0.01%
16,801
-2,200
-12% -$82.9K
VAC icon
903
Marriott Vacations Worldwide
VAC
$4.25B
$691K ﹤0.01%
7,913
-200
-2% -$19K
WOLF icon
904
Wolfspeed
WOLF
$1.71B
$690K ﹤0.01%
30,322
-600
-2% -$15.5K
TCBI icon
905
Texas Capital Bancshares
TCBI
$4.32B
$688K ﹤0.01%
11,252
-300
-3% -$17.7K
NVST icon
906
Envista
NVST
$4.52B
$688K ﹤0.01%
41,363
-800
-2% -$15.1K
AZTA icon
907
Azenta
AZTA
$1.48B
$685K ﹤0.01%
13,017
-700
-5% -$37.4K
CHH icon
908
Choice Hotels
CHH
$4.8B
$682K ﹤0.01%
5,732
-300
-5% -$35.4K
CDP icon
909
COPT Defense Properties
CDP
$4.21B
$679K ﹤0.01%
27,113
-400
-1% -$9.62K
WEN icon
910
Wendy's
WEN
$1.46B
$678K ﹤0.01%
39,985
-1,000
-2% -$18.2K
FERG icon
911
Ferguson
FERG
$49.8B
$678K ﹤0.01%
3,500
-400
-10% -$83.9K
VSH icon
912
Vishay Intertechnology
VSH
$5.43B
$673K ﹤0.01%
30,188
-800
-3% -$18.1K
HGV icon
913
Hilton Grand Vacations
HGV
$3.55B
$667K ﹤0.01%
16,500
-1,000
-6% -$42.5K
SAM icon
914
Boston Beer
SAM
$1.92B
$666K ﹤0.01%
2,183
-100
-4% -$28.6K
SMG icon
915
ScottsMiracle-Gro
SMG
$3.66B
$657K ﹤0.01%
10,100
-200
-2% -$13.7K
OMGA
916
DELISTED
Omega Therapeutics, Inc. Common Stock
OMGA
$650K ﹤0.01%
314,117
– –
BHF icon
917
Brighthouse Financial
BHF
$3.5B
$649K ﹤0.01%
14,968
-800
-5% -$36.9K
COLM icon
918
Columbia Sportswear
COLM
$2.94B
$638K ﹤0.01%
8,074
-400
-5% -$32.3K
FHI icon
919
Federated Hermes
FHI
$4.72B
$637K ﹤0.01%
19,376
-700
-3% -$23.5K
ZD icon
920
Ziff Davis
ZD
$1.98B
$613K ﹤0.01%
11,140
-200
-2% -$11K
RCM
921
DELISTED
R1 RCM Inc. Common Stock
RCM
$599K ﹤0.01%
47,701
-700
-1% -$8.71K
IPGP icon
922
IPG Photonics
IPGP
$3.84B
$582K ﹤0.01%
6,900
-400
-5% -$34.6K
PSNL icon
923
Personalis
PSNL
$1.51B
$578K ﹤0.01%
493,798
– –
GHC icon
924
Graham Holdings Company
GHC
$5.02B
$576K ﹤0.01%
824
– –
PGNY icon
925
Progyny
PGNY
$2.2B
$572K ﹤0.01%
19,979
-500
-2% -$15.1K
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
AM
AGF Management Toronto, Ontario, Canada $22.3B AUM 46.42% 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

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.