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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
(+11%)
Cap. Flow
+$12.3M
Cap. Flow
% of AUM
0.07%
Top 10 Holdings %
Top 10 Hldgs %
34.69%
Holding
974
New
16
Increased
601
Reduced
158
Closed
19
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
NextEra Energy
NEE
|
+$132M |
| 2 |
iShares MBS ETF
MBB
|
+$94.8M |
| 3 |
Bristol-Myers Squibb
BMY
|
+$66.2M |
| 4 |
Super Micro Computer
SMCI
|
+$40.2M |
| 5 |
Microsoft
MSFT
|
+$40.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$117M |
| 2 |
iShares Core US Aggregate Bond ETF
AGG
|
+$97M |
| 3 |
Palo Alto Networks
PANW
|
+$66.1M |
| 4 |
Apollo Global Management
APO
|
+$52.8M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
926
Graham Holdings Company
GHC
$4.99B
| $633K | ﹤0.01% |
824
+12
| +1% | +$8.59K |
|
927
Leggett & Platt
LEG
$1.29B
| $627K | ﹤0.01% |
32,748
+800
| +3% | +$17.4K |
|
|
RCM
928
DELISTED
R1 RCM Inc. Common Stock
RCM
| $623K | ﹤0.01% |
48,401
+1,200
| +3% | +$13.9K |
|
929
Werner Enterprises
WERN
$2.2B
| $595K | ﹤0.01% |
15,198
| – | – |
|
930
Integra LifeSciences
IART
$1.33B
| $592K | ﹤0.01% |
16,690
+400
| +2% | +$16K |
|
931
QuidelOrtho
QDEL
$938M
| $581K | ﹤0.01% |
12,127
+300
| +3% | +$17.5K |
|
932
Avis
CAR
$4.9B
| $560K | ﹤0.01% |
4,573
+100
| +2% | +$13.8K |
|
|
FLG
933
Flagstar Bank National Association
FLG
$5.84B
| $558K | ﹤0.01% |
57,781
| – | – |
|
934
Fox Factory Holding Corp
FOXF
$882M
| $531K | ﹤0.01% |
10,189
| – | – |
|
935
Zillow
Z
$7.59B
| $527K | ﹤0.01% |
10,800
| – | – |
|
936
SS&C Technologies
SSNC
$18.7B
| $513K | ﹤0.01% |
7,970
| – | – |
|
937
MP Materials
MP
$9.73B
| $506K | ﹤0.01% |
35,400
+800
| +2% | +$12.7K |
|
938
Cable One
CABO
$203M
| $490K | ﹤0.01% |
1,159
+100
| +9% | +$49.2K |
|
|
JWN
939
DELISTED
Nordstrom
JWN
| $485K | ﹤0.01% |
23,908
+600
| +3% | +$11.4K |
|
940
Allegro MicroSystems
ALGM
$7.91B
| $472K | ﹤0.01% |
17,500
+400
| +2% | +$11.6K |
|
941
Liberty Global Class C
LBTYK
$3.41B
| $458K | ﹤0.01% |
25,950
| – | – |
|
942
LPL Financial
LPLA
$29.3B
| $449K | ﹤0.01% |
1,700
| – | – |
|
943
Greif
GEF
$4.97B
| $424K | ﹤0.01% |
6,139
| – | – |
|
|
CNH
944
CNH Industrial
CNH
$16.9B
| $388K | ﹤0.01% |
29,900
| – | – |
|
945
Sotera Health
SHC
$5.41B
| $366K | ﹤0.01% |
30,500
+6,800
| +29% | +$101K |
|
946
Royalty Pharma
RPRX
$25.8B
| $361K | ﹤0.01% |
11,900
| – | – |
|
947
Pilgrim's Pride
PPC
$6.31B
| $339K | ﹤0.01% |
9,871
+200
| +2% | +$6K |
|
948
Under Armour
UAA
$2.5B
| $334K | ﹤0.01% |
45,300
| – | – |
|
949
Under Armour Class C
UA
$2.42B
| $331K | ﹤0.01% |
46,400
| – | – |
|
950
Veeva Systems
VEEV
$38.1B
| $324K | ﹤0.01% |
1,400
| – | – |
|
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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.