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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
(+3.6%)
Cap. Flow
-$325M
Cap. Flow
% of AUM
-1.61%
Top 10 Holdings %
Top 10 Hldgs %
37.4%
Holding
964
New
14
Increased
120
Reduced
748
Closed
14
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
CVS Health
CVS
|
+$71.4M |
| 2 |
Apple
AAPL
|
+$43.1M |
| 3 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$39M |
| 4 |
Burlington
BURL
|
+$28.1M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$22.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Bristol-Myers Squibb
BMY
|
+$190M |
| 2 |
NextEra Energy
NEE
|
+$109M |
| 3 |
iShares Core US Aggregate Bond ETF
AGG
|
+$99.8M |
| 4 |
CrowdStrike
CRWD
|
+$66.3M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
951
Adient
ADNT
$1.44B
| – | – |
-21,656
| Closed | -$535K |
|
952
Bath & Body Works
BBWI
$3.89B
| – | – |
-61,271
| Closed | -$2.39M |
|
953
Maplebear
CART
$11.9B
| – | – |
-15,053
| Closed | -$484K |
|
954
Etsy
ETSY
$7.38B
| – | – |
-32,043
| Closed | -$1.89M |
|
955
Helen of Troy
HELE
$680M
| – | – |
-5,727
| Closed | -$531K |
|
956
MP Materials
MP
$9.73B
| – | – |
-32,300
| Closed | -$411K |
|
|
NVO
957
Novo Nordisk
NVO
$211B
| – | – |
-200,000
| Closed | -$28.5M |
|
958
Progyny
PGNY
$2.18B
| – | – |
-19,979
| Closed | -$572K |
|
959
QuidelOrtho
QDEL
$938M
| – | – |
-11,927
| Closed | -$396K |
|
|
TGNA
960
DELISTED
TEGNA Inc
TGNA
| – | – |
-40,871
| Closed | -$570K |
|
961
Wolfspeed
WOLF
$1.52B
| – | – |
-30,322
| Closed | -$690K |
|
962
Ziff Davis
ZD
$2B
| – | – |
-11,140
| Closed | -$613K |
|
|
ETRN
963
DELISTED
Equitrans Midstream Corporation Common Stock
ETRN
| – | – |
-104,502
| Closed | -$1.36M |
|
|
WRK
964
DELISTED
WestRock Company
WRK
| – | – |
-76,464
| Closed | -$3.84M |
|
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IC
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.