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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
CNXC icon
926
Concentrix
CNXC
$1.56B
$574K ﹤0.01%
11,191
-100
-0.9% -$6.7K
ARWR icon
927
Arrowhead Research
ARWR
$12.5B
$571K ﹤0.01%
29,470
-400
-1% -$9.76K
AZTA icon
928
Azenta
AZTA
$1.54B
$563K ﹤0.01%
11,617
-1,400
-11% -$72.8K
VAC icon
929
Marriott Vacations Worldwide
VAC
$3.89B
$559K ﹤0.01%
7,613
-300
-4% -$23.2K
SSNC icon
930
SS&C Technologies
SSNC
$18.7B
$554K ﹤0.01%
7,470
– –
CRI icon
931
Carter's
CRI
$1.48B
$554K ﹤0.01%
8,529
-300
-3% -$19.3K
HGV icon
932
Hilton Grand Vacations
HGV
$3.31B
$552K ﹤0.01%
15,200
-1,300
-8% -$50.3K
RCM
933
DELISTED
R1 RCM Inc. Common Stock
RCM
$526K ﹤0.01%
37,101
-10,600
-22% -$144K
ENOV icon
934
Enovis
ENOV
$1.4B
$517K ﹤0.01%
12,002
– –
TWLO icon
935
Twilio
TWLO
$38B
$515K ﹤0.01%
7,900
– –
JWN
936
DELISTED
Nordstrom
JWN
$515K ﹤0.01%
22,908
-700
-3% -$15.6K
VSH icon
937
Vishay Intertechnology
VSH
$5.08B
$508K ﹤0.01%
26,888
-3,300
-11% -$68.7K
IPGP icon
938
IPG Photonics
IPGP
$3.61B
$483K ﹤0.01%
6,500
-400
-6% -$29.9K
RPRX icon
939
Royalty Pharma
RPRX
$25.8B
$472K ﹤0.01%
16,700
– –
PPC icon
940
Pilgrim's Pride
PPC
$6.31B
$441K ﹤0.01%
9,571
-100
-1% -$4.23K
UAA icon
941
Under Armour
UAA
$2.5B
$399K ﹤0.01%
44,800
-500
-1% -$3.72K
GEF icon
942
Greif
GEF
$4.97B
$385K ﹤0.01%
6,139
– –
OMGA
943
DELISTED
Omega Therapeutics, Inc. Common Stock
OMGA
$383K ﹤0.01%
314,117
– –
VEEV icon
944
Veeva Systems
VEEV
$38.1B
$378K ﹤0.01%
1,800
– –
CAR icon
945
Avis
CAR
$4.9B
$357K ﹤0.01%
4,073
-300
-7% -$27.1K
LPLA icon
946
LPL Financial
LPLA
$29.3B
$326K ﹤0.01%
1,400
– –
UHAL.B icon
947
U-Haul Holding Co Series N
UHAL.B
$12.6B
$292K ﹤0.01%
4,054
– –
ACI icon
948
Albertsons Companies
ACI
$5.89B
$261K ﹤0.01%
14,100
– –
UA icon
949
Under Armour Class C
UA
$2.42B
$257K ﹤0.01%
30,700
-15,300
-33% -$110K
FRSH icon
950
Freshworks
FRSH
$3.31B
$178K ﹤0.01%
+15,469
New +$185K
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.