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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
IBOC icon
901
International Bancshares
IBOC
$4.53B
$760K ﹤0.01%
12,712
-200
-2% -$12.3K
ASB icon
902
Associated Banc-Corp
ASB
$5.92B
$760K ﹤0.01%
35,278
-400
-1% -$8.69K
AMED
903
DELISTED
Amedisys
AMED
$750K ﹤0.01%
7,775
-100
-1% -$9.76K
NSP icon
904
Insperity
NSP
$1.96B
$744K ﹤0.01%
8,450
-200
-2% -$18.5K
PBF icon
905
PBF Energy
PBF
$7.86B
$730K ﹤0.01%
23,600
-1,800
-7% -$65.4K
SYNA icon
906
Synaptics
SYNA
$4.09B
$724K ﹤0.01%
9,333
-200
-2% -$16K
CC icon
907
Chemours
CC
$2.2B
$721K ﹤0.01%
35,479
-400
-1% -$8.18K
PAG icon
908
Penske Automotive Group
PAG
$14.2B
$715K ﹤0.01%
4,400
-300
-6% -$47.8K
ALTM
909
DELISTED
Arcadium Lithium plc
ALTM
$709K ﹤0.01%
248,658
– –
GTM
910
ZoomInfo Technologies
GTM
$1.23B
$707K ﹤0.01%
68,500
– –
WEN icon
911
Wendy's
WEN
$1.39B
$701K ﹤0.01%
39,985
– –
PK icon
912
Park Hotels & Resorts
PK
$2.92B
$700K ﹤0.01%
49,629
-1,100
-2% -$16K
FERG icon
913
Ferguson
FERG
$51.2B
$695K ﹤0.01%
3,500
– –
CHH icon
914
Choice Hotels
CHH
$4.62B
$695K ﹤0.01%
5,332
-400
-7% -$50.1K
TDC icon
915
Teradata
TDC
$2.58B
$693K ﹤0.01%
22,842
-500
-2% -$14.9K
FHI icon
916
Federated Hermes
FHI
$4.71B
$687K ﹤0.01%
18,676
-700
-4% -$24K
LIVN icon
917
LivaNova
LIVN
$4.21B
$678K ﹤0.01%
12,911
-100
-0.8% -$4.96K
GHC icon
918
Graham Holdings Company
GHC
$4.99B
$677K ﹤0.01%
824
– –
CXT icon
919
Crane NXT
CXT
$2.96B
$655K ﹤0.01%
11,672
– –
BHF icon
920
Brighthouse Financial
BHF
$3.46B
$651K ﹤0.01%
14,468
-500
-3% -$22.5K
COLM icon
921
Columbia Sportswear
COLM
$2.92B
$647K ﹤0.01%
7,774
-300
-4% -$24.1K
VC icon
922
Visteon
VC
$2.8B
$620K ﹤0.01%
6,507
-100
-2% -$10.2K
SHC icon
923
Sotera Health
SHC
$5.41B
$606K ﹤0.01%
36,300
+6,300
+21% +$92K
SAM icon
924
Boston Beer
SAM
$1.86B
$602K ﹤0.01%
2,083
-100
-5% -$27.9K
GT icon
925
Goodyear
GT
$1.74B
$598K ﹤0.01%
67,626
-1,000
-1% -$9.44K
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 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.