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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
(-4.6%)
Cap. Flow
-$1.27B
Cap. Flow
% of AUM
-6.6%
Top 10 Holdings %
Top 10 Hldgs %
36.92%
Holding
967
New
17
Increased
176
Reduced
601
Closed
16
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Cigna
CI
|
+$47.8M |
| 2 |
HubSpot
HUBS
|
+$32M |
| 3 |
XYZ
Block Inc
XYZ
|
+$24.7M |
| 4 |
Amazon
AMZN
|
+$20.7M |
| 5 |
CVS Health
CVS
|
+$19.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$594M |
| 2 |
iShares Core US Aggregate Bond ETF
AGG
|
+$419M |
| 3 |
AT&T
T
|
+$261M |
| 4 |
Microsoft
MSFT
|
+$42.8M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
926
Chemours
CC
$2.23B
| $598K | ﹤0.01% |
35,379
-100
| -0.3% | -$1.95K |
|
927
LivaNova
LIVN
$4.19B
| $593K | ﹤0.01% |
12,811
-100
| -0.8% | -$5.13K |
|
928
Capri Holdings
CPRI
$1.74B
| $589K | ﹤0.01% |
27,965
| – | – |
|
929
Enovis
ENOV
$1.45B
| $579K | ﹤0.01% |
13,202
+1,200
| +10% | +$52.7K |
|
930
Visteon
VC
$2.78B
| $577K | ﹤0.01% |
6,507
| – | – |
|
931
Hilton Grand Vacations
HGV
$3.33B
| $573K | ﹤0.01% |
14,700
-500
| -3% | -$19.7K |
|
932
Neogen
NEOG
$2.5B
| $566K | ﹤0.01% |
46,653
-200
| -0.4% | -$2.8K |
|
933
Arrowhead Research
ARWR
$12.4B
| $554K | ﹤0.01% |
29,470
| – | – |
|
|
JWN
934
DELISTED
Nordstrom
JWN
| $553K | ﹤0.01% |
22,908
| – | – |
|
935
SS&C Technologies
SSNC
$18.6B
| $543K | ﹤0.01% |
7,170
-300
| -4% | -$22.4K |
|
936
Sotera Health
SHC
$5.39B
| $495K | ﹤0.01% |
36,200
-100
| -0.3% | -$1.45K |
|
937
Royalty Pharma
RPRX
$25.5B
| $495K | ﹤0.01% |
19,400
+2,700
| +16% | +$71.6K |
|
938
Concentrix
CNXC
$1.57B
| $480K | ﹤0.01% |
11,091
-100
| -0.9% | -$4.45K |
|
939
IPG Photonics
IPGP
$3.68B
| $458K | ﹤0.01% |
6,300
-200
| -3% | -$15.4K |
|
940
Pilgrim's Pride
PPC
$6.38B
| $434K | ﹤0.01% |
9,571
| – | – |
|
941
Qorvo
QRVO
$8.6B
| $430K | ﹤0.01% |
6,142
-25,877
| -81% | -$2.07M |
|
942
First Citizens BancShares
FCNCA
$25.3B
| $423K | ﹤0.01% |
+200
| New | +$419K |
|
943
Albertsons Companies
ACI
$5.86B
| $407K | ﹤0.01% |
20,700
+6,600
| +47% | +$125K |
|
944
Greif
GEF
$4.99B
| $375K | ﹤0.01% |
6,139
| – | – |
|
945
Under Armour
UAA
$2.4B
| $370K | ﹤0.01% |
44,700
-100
| -0.2% | -$914 |
|
946
LPL Financial
LPLA
$29.2B
| $359K | ﹤0.01% |
1,100
-300
| -21% | -$88.7K |
|
947
Avis
CAR
$4.92B
| $320K | ﹤0.01% |
3,973
-100
| -2% | -$9.12K |
|
948
Under Armour Class C
UA
$2.35B
| $229K | ﹤0.01% |
30,700
| – | – |
|
949
U-Haul Holding Co Series N
UHAL.B
$12.7B
| $221K | ﹤0.01% |
3,454
-600
| -15% | -$39.5K |
|
950
Phinia Inc
PHIN
$2.72B
| $203K | ﹤0.01% |
+4,218
| New | +$208K |
|
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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.