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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
+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
Cap. Flow
+$202M
Cap. Flow %
1.04%
Top 10 Hldgs %
37.69%
Holding
972
New
17
Increased
273
Reduced
579
Closed
22

Top Buys

Rank Stock Value
1
AGG icon
iShares Core US Aggregate Bond ETF
AGG
+$496M
2
BMY icon
Bristol-Myers Squibb
BMY
+$127M
3
CVS icon
CVS Health
CVS
+$100M
4
KR icon
Kroger
KR
+$38.3M
5
BURL icon
Burlington
BURL
+$34M

Top Sells

Rank Stock Value
1
VZ icon
Verizon
VZ
+$238M
2
MBB icon
iShares MBS ETF
MBB
+$88M
3
APO icon
Apollo Global Management
APO
+$74.8M
4
OMF icon
OneMain Financial
OMF
+$58M
5
INTU icon
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
AFRM icon
951
Affirm
AFRM
$25.2B
– –
-26,895
Closed -$1M
APO icon
952
Apollo Global Management
APO
$73.4B
– –
-665,000
Closed -$74.8M
BASE
953
DELISTED
Couchbase
BASE
– –
-10,581
Closed -$278K
CABO icon
954
Cable One
CABO
$212M
– –
-1,159
Closed -$490K
CMA
955
DELISTED
Comerica
CMA
– –
-36,170
Closed -$1.99M
FOXF icon
956
Fox Factory Holding Corp
FOXF
$886M
– –
-10,189
Closed -$531K
GO icon
957
Grocery Outlet
GO
$980M
– –
-24,380
Closed -$702K
GTLB icon
958
GitLab
GTLB
$6.58B
– –
-17,276
Closed -$1.01M
HTZ icon
959
Hertz
HTZ
$809M
– –
-31,800
Closed -$249K
IART icon
960
Integra LifeSciences
IART
$1.34B
– –
-16,690
Closed -$592K
LBTYK icon
961
Liberty Global Class C
LBTYK
$3.49B
– –
-25,950
Closed -$458K
LEG icon
962
Leggett & Platt
LEG
$1.31B
– –
-32,748
Closed -$627K
OMF icon
963
OneMain Financial
OMF
$7.47B
– –
-1,135,000
Closed -$58M
PENN icon
964
PENN Entertainment
PENN
$2.71B
– –
-36,600
Closed -$666K
RHI icon
965
Robert Half
RHI
$4.37B
– –
-30,492
Closed -$2.42M
VFC icon
966
VF Corp
VFC
$5.89B
– –
-90,546
Closed -$1.39M
WERN icon
967
Werner Enterprises
WERN
$2.25B
– –
-15,198
Closed -$595K
XBI icon
968
State Street SPDR S&P Biotech ETF
XBI
$10.3B
– –
-50,000
Closed -$4.74M
Z icon
969
Zillow
Z
$7.56B
– –
-10,800
Closed -$527K
AIRC
970
DELISTED
Apartment Income REIT Corp.
AIRC
– –
-35,450
Closed -$1.15M
SWAV
971
DELISTED
Shockwave Medical, Inc. Common Stock
SWAV
– –
-9,100
Closed -$2.96M
PXD
972
DELISTED
Pioneer Natural Resource Co.
PXD
– –
-63,977
Closed -$16.8M
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
AM
AGF Management Toronto, Ontario, Canada $22.3B AUM 46.42% 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
Luther King Capital Management (LKCM)
Luther King Capital Management (LKCM) Fort Worth, Texas $23.1B AUM 21.31% 1-Year Est. Return
DSA
Davis Selected Advisers Tucson, Arizona $21.8B AUM 23.45% 1-Year Est. Return

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.