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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
Cap. Flow
-$1.27B
Cap. Flow %
-6.6%
Top 10 Hldgs %
36.92%
Holding
967
New
17
Increased
176
Reduced
601
Closed
16

Top Buys

Rank Stock Value
1
CI icon
Cigna
CI
+$47.8M
2
HUBS icon
HubSpot
HUBS
+$32M
3
XYZ
Block Inc
XYZ
+$24.7M
4
AMZN icon
Amazon
AMZN
+$20.7M
5
CVS icon
CVS Health
CVS
+$19.9M

Top Sells

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$594M
2
AGG icon
iShares Core US Aggregate Bond ETF
AGG
+$419M
3
T icon
AT&T
T
+$261M
4
MSFT icon
Microsoft
MSFT
+$42.8M
5
NVDA icon
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
OMGA
951
DELISTED
Omega Therapeutics, Inc. Common Stock
OMGA
$167K ﹤0.01%
224,117
-90,000
-29% -$89.7K
AGG icon
952
iShares Core US Aggregate Bond ETF
AGG
$137B
– –
-4,135,000
Closed -$419M
AZTA icon
953
Azenta
AZTA
$1.53B
– –
-11,617
Closed -$563K
CRI icon
954
Carter's
CRI
$1.48B
– –
-8,529
Closed -$554K
EDIT icon
955
Editas Medicine
EDIT
$438M
– –
-273,721
Closed -$933K
FERG icon
956
Ferguson
FERG
$51.1B
– –
-3,500
Closed -$695K
FRSH icon
957
Freshworks
FRSH
$3.31B
– –
-15,469
Closed -$178K
GTLB icon
958
GitLab
GTLB
$6.88B
– –
-19,533
Closed -$1.01M
MDU icon
959
MDU Resources
MDU
$4.29B
– –
-87,398
Closed -$1.33M
VSH icon
960
Vishay Intertechnology
VSH
$5.18B
– –
-26,888
Closed -$508K
ETH
961
Grayscale Ethereum Staking Mini ETF Shares
ETH
$1.71B
– –
-46,000
Closed -$1.12M
AMTM
962
Amentum Holdings
AMTM
$6B
– –
-34,099
Closed -$1.1M
CTLT
963
DELISTED
CATALENT, INC.
CTLT
– –
-49,283
Closed -$2.99M
MRO
964
DELISTED
Marathon Oil Corporation
MRO
– –
-186,605
Closed -$4.97M
RCM
965
DELISTED
R1 RCM Inc. Common Stock
RCM
– –
-37,101
Closed -$526K
SRCL
966
DELISTED
Stericycle Inc
SRCL
– –
-22,019
Closed -$1.34M
SWN
967
DELISTED
Southwestern Energy Company
SWN
– –
-261,900
Closed -$1.86M
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
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
CHP
Castle Hook Partners New York $23.4B AUM 158.96% 1-Year Est. Return

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.