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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
Cap. Flow
+$12.3M
Cap. Flow %
0.07%
Top 10 Hldgs %
34.69%
Holding
974
New
16
Increased
601
Reduced
158
Closed
19

Top Buys

Rank Stock Value
1
NEE icon
NextEra Energy
NEE
+$132M
2
MBB icon
iShares MBS ETF
MBB
+$94.8M
3
BMY icon
Bristol-Myers Squibb
BMY
+$66.2M
4
SMCI icon
Super Micro Computer
SMCI
+$40.2M
5
MSFT icon
Microsoft
MSFT
+$40.2M

Top Sells

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$117M
2
AGG icon
iShares Core US Aggregate Bond ETF
AGG
+$97M
3
PANW icon
Palo Alto Networks
PANW
+$66.1M
4
APO icon
Apollo Global Management
APO
+$52.8M
5
GOOGL icon
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
UHAL.B icon
951
U-Haul Holding Co Series N
UHAL.B
$12.6B
$304K ﹤0.01%
4,554
– –
BASE
952
DELISTED
Couchbase
BASE
$278K ﹤0.01%
10,581
-2,697
-20% -$70.1K
HTZ icon
953
Hertz
HTZ
$756M
$249K ﹤0.01%
31,800
– –
ACI icon
954
Albertsons Companies
ACI
$5.89B
$247K ﹤0.01%
11,500
– –
TWLO icon
955
Twilio
TWLO
$38B
$232K ﹤0.01%
3,800
– –
AGG icon
956
iShares Core US Aggregate Bond ETF
AGG
$137B
– –
-977,500
Closed -$97M
BB icon
957
BlackBerry
BB
$5.18B
– –
-1,000,000
Closed -$3.54M
CALX icon
958
Calix
CALX
$2.4B
– –
-14,018
Closed -$612K
FOUR icon
959
Shift4
FOUR
$3.41B
– –
-175,000
Closed -$13M
MPT
960
Medical Properties Trust
MPT
$2.48B
– –
-143,700
Closed -$706K
PATH icon
961
UiPath
PATH
$8.08B
– –
-260,949
Closed -$6.48M
RUN icon
962
Sunrun
RUN
$2.38B
– –
-52,147
Closed -$1.02M
SNAP icon
963
Snap
SNAP
$9.05B
– –
-359,370
Closed -$6.08M
TDOC icon
964
Teladoc Health
TDOC
$1.29B
– –
-133,000
Closed -$2.87M
TLT icon
965
iShares 20+ Year Treasury Bond ETF
TLT
$40.5B
– –
-200,000
Closed -$19.8M
XLE icon
966
State Street Energy Select Sector SPDR ETF
XLE
$39.3B
– –
-400,000
Closed -$16.8M
PDCO
967
DELISTED
Patterson Companies, Inc.
PDCO
– –
-20,426
Closed -$581K
NARI
968
DELISTED
Inari Medical, Inc. Common Stock
NARI
– –
-12,300
Closed -$799K
DMTK
969
DELISTED
DermTech, Inc. Common Stock
DMTK
– –
-60,000
Closed -$105K
ROVR
970
DELISTED
Rover Group, Inc. Class A Common Stock
ROVR
– –
-137,631
Closed -$1.5M
NVTA
971
DELISTED
Invitae Corporation
NVTA
– –
-959,939
Closed -$602K
SRC
972
DELISTED
SPIRIT REALTY CAPITAL, INC.
SRC
– –
-33,916
Closed -$1.48M
LTHM
973
DELISTED
Livent Corporation
LTHM
– –
-43,000
Closed -$773K
DOC
974
DELISTED
PHYSICIANS REALTY TRUST
DOC
– –
-57,220
Closed -$762K
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 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.