We are live on
!
Find out more
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
(+4.6%)
Cap. Flow
+$202M
Cap. Flow
% of AUM
1.04%
Top 10 Holdings %
Top 10 Hldgs %
37.69%
Holding
972
New
17
Increased
273
Reduced
579
Closed
22
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Core US Aggregate Bond ETF
AGG
|
+$496M |
| 2 |
Bristol-Myers Squibb
BMY
|
+$127M |
| 3 |
CVS Health
CVS
|
+$100M |
| 4 |
Kroger
KR
|
+$38.3M |
| 5 |
Burlington
BURL
|
+$34M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Verizon
VZ
|
+$238M |
| 2 |
iShares MBS ETF
MBB
|
+$88M |
| 3 |
Apollo Global Management
APO
|
+$74.8M |
| 4 |
OneMain Financial
OMF
|
+$58M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
|
TGNA
926
DELISTED
TEGNA Inc
TGNA
| $570K | ﹤0.01% |
40,871
-7,500
| -16% | -$106K |
|
|
FLG
927
Flagstar Bank National Association
FLG
$5.82B
| $567K | ﹤0.01% |
58,695
+914
| +2% | +$8.84K |
|
928
Carter's
CRI
$1.47B
| $547K | ﹤0.01% |
8,829
-200
| -2% | -$13.9K |
|
929
Enovis
ENOV
$1.53B
| $542K | ﹤0.01% |
12,002
-200
| -2% | -$10.4K |
|
930
Adient
ADNT
$1.5B
| $535K | ﹤0.01% |
21,656
-800
| -4% | -$22.7K |
|
931
Helen of Troy
HELE
$693M
| $531K | ﹤0.01% |
5,727
-100
| -2% | -$10.1K |
|
|
JWN
932
DELISTED
Nordstrom
JWN
| $501K | ﹤0.01% |
23,608
-300
| -1% | -$6.13K |
|
933
Allegro MicroSystems
ALGM
$8.16B
| $486K | ﹤0.01% |
17,200
-300
| -2% | -$8.54K |
|
934
Maplebear
CART
$11.8B
| $484K | ﹤0.01% |
+15,053
| New | +$518K |
|
935
SS&C Technologies
SSNC
$18.6B
| $468K | ﹤0.01% |
7,470
-500
| -6% | -$31K |
|
936
Avis
CAR
$5.02B
| $457K | ﹤0.01% |
4,373
-200
| -4% | -$22.4K |
|
937
Twilio
TWLO
$36.6B
| $449K | ﹤0.01% |
7,900
+4,100
| +108% | +$242K |
|
938
Royalty Pharma
RPRX
$25.3B
| $440K | ﹤0.01% |
16,700
+4,800
| +40% | +$133K |
|
939
MP Materials
MP
$9.1B
| $411K | ﹤0.01% |
32,300
-3,100
| -9% | -$48.7K |
|
940
QuidelOrtho
QDEL
$838M
| $396K | ﹤0.01% |
11,927
-200
| -2% | -$8.18K |
|
941
LPL Financial
LPLA
$28.6B
| $391K | ﹤0.01% |
1,400
-300
| -18% | -$81.4K |
|
942
Pilgrim's Pride
PPC
$6.54B
| $372K | ﹤0.01% |
9,671
-200
| -2% | -$7.21K |
|
|
CNH
943
CNH Industrial
CNH
$17.5B
| $362K | ﹤0.01% |
35,700
+5,800
| +19% | +$65.7K |
|
944
Sotera Health
SHC
$5.38B
| $356K | ﹤0.01% |
30,000
-500
| -2% | -$5.71K |
|
945
Greif
GEF
$5.04B
| $353K | ﹤0.01% |
6,139
| – | – |
|
946
Veeva Systems
VEEV
$37.4B
| $329K | ﹤0.01% |
1,800
+400
| +29% | +$79.4K |
|
947
Under Armour
UAA
$2.6B
| $302K | ﹤0.01% |
45,300
| – | – |
|
948
Under Armour Class C
UA
$2.53B
| $300K | ﹤0.01% |
46,000
-400
| -0.9% | -$2.65K |
|
949
Albertsons Companies
ACI
$5.83B
| $278K | ﹤0.01% |
14,100
+2,600
| +23% | +$53.1K |
|
950
U-Haul Holding Co Series N
UHAL.B
$12.8B
| $243K | ﹤0.01% |
4,054
-500
| -11% | -$31.5K |
|
Similar funds
FAM
BA
AM
CAM
DSA
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.