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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
PII icon
901
Polaris
PII
$3.99B
$713K ﹤0.01%
12,379
-100
-0.8% -$6.96K
AMED
902
DELISTED
Amedisys
AMED
$706K ﹤0.01%
7,775
– –
TDC icon
903
Teradata
TDC
$2.57B
$705K ﹤0.01%
22,642
-200
-0.9% -$6.26K
AMKR icon
904
Amkor Technology
AMKR
$13.3B
$690K ﹤0.01%
26,849
-100
-0.4% -$2.75K
PK icon
905
Park Hotels & Resorts
PK
$2.89B
$687K ﹤0.01%
48,829
-800
-2% -$11.7K
VAL icon
906
Valaris
VAL
$5.93B
$686K ﹤0.01%
15,500
+500
+3% +$24.1K
VAC icon
907
Marriott Vacations Worldwide
VAC
$3.96B
$684K ﹤0.01%
7,613
– –
BLKB icon
908
Blackbaud
BLKB
$2.08B
$684K ﹤0.01%
9,248
-200
-2% -$16.4K
CXT icon
909
Crane NXT
CXT
$2.97B
$680K ﹤0.01%
11,672
– –
BHF icon
910
Brighthouse Financial
BHF
$3.47B
$676K ﹤0.01%
14,068
-400
-3% -$19.5K
ALGM icon
911
Allegro MicroSystems
ALGM
$8.05B
$675K ﹤0.01%
30,900
-6,000
-16% -$128K
GTM
912
ZoomInfo Technologies
GTM
$1.24B
$675K ﹤0.01%
64,200
-4,300
-6% -$46K
PAG icon
913
Penske Automotive Group
PAG
$14.2B
$671K ﹤0.01%
4,400
– –
SMG icon
914
ScottsMiracle-Gro
SMG
$3.56B
$670K ﹤0.01%
10,100
– –
FLG
915
Flagstar Bank National Association
FLG
$5.83B
$670K ﹤0.01%
71,795
+1,000
+1% +$10.9K
PCH
916
DELISTED
PotlatchDeltic
PCH
$665K ﹤0.01%
16,931
-100
-0.6% -$4.24K
WEN icon
917
Wendy's
WEN
$1.39B
$662K ﹤0.01%
40,585
+600
+2% +$10.9K
NSP icon
918
Insperity
NSP
$1.99B
$655K ﹤0.01%
8,450
– –
MAN icon
919
ManpowerGroup
MAN
$2.61B
$644K ﹤0.01%
11,163
-100
-0.9% -$6.37K
COLM icon
920
Columbia Sportswear
COLM
$2.92B
$636K ﹤0.01%
7,574
-200
-3% -$16.8K
NSA
921
DELISTED
National Storage Affiliates Trust
NSA
$629K ﹤0.01%
16,601
– –
SAM icon
922
Boston Beer
SAM
$1.87B
$625K ﹤0.01%
2,083
– –
PBF icon
923
PBF Energy
PBF
$7.81B
$616K ﹤0.01%
23,200
-400
-2% -$12.2K
GT icon
924
Goodyear
GT
$1.74B
$607K ﹤0.01%
67,426
-200
-0.3% -$1.83K
COTY icon
925
Coty
COTY
$2.5B
$602K ﹤0.01%
86,498
– –
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
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.