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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
UNP icon
76
Union Pacific
UNP
$174B
$41.1M 0.22%
167,045
+100
+0.1% +$24.6K
LOW icon
77
Lowe's Companies
LOW
$122B
$40.1M 0.22%
157,570
-400
-0.3% -$92K
GS icon
78
Goldman Sachs
GS
$302B
$40M 0.21%
95,673
+100
+0.1% +$38.8K
RTX icon
79
RTX Corp
RTX
$304B
$39.2M 0.21%
402,032
-30,200
-7% -$2.73M
PM icon
80
Philip Morris
PM
$292B
$39M 0.21%
425,358
+300
+0.1% +$27.7K
QUAL icon
81
iShares MSCI USA Quality Factor ETF
QUAL
$48.1B
$38.6M 0.21%
234,950
+19,000
+9% +$2.97M
XLV icon
82
State Street Health Care Select Sector SPDR ETF
XLV
$43.8B
$37.8M 0.2%
255,788
+5,500
+2% +$789K
SPGI icon
83
S&P Global
SPGI
$121B
$37.5M 0.2%
88,053
-700
-0.8% -$303K
C icon
84
Citigroup
C
$228B
$37.3M 0.2%
589,536
-2,600
-0.4% -$145K
LRCX icon
85
Lam Research
LRCX
$386B
$37.1M 0.2%
381,800
-2,000
-0.5% -$176K
HON icon
86
Honeywell
HON
$77.2B
$37.1M 0.2%
191,633
+107
+0.1% +$20.1K
NKE icon
87
Nike
NKE
$62.1B
$36.3M 0.2%
386,315
-1,600
-0.4% -$163K
ELV icon
88
Elevance Health
ELV
$86.3B
$36M 0.19%
69,351
– –
ICE icon
89
Intercontinental Exchange
ICE
$85.2B
$35.8M 0.19%
260,442
+200
+0.1% +$26.6K
AXP icon
90
American Express
AXP
$229B
$35.7M 0.19%
156,677
-900
-0.6% -$187K
MU icon
91
Micron Technology
MU
$991B
$35.7M 0.19%
302,442
+1,800
+0.6% +$163K
APH icon
92
Amphenol
APH
$210B
$35.1M 0.19%
609,074
+1,000
+0.2% +$52.4K
PLD icon
93
Prologis
PLD
$131B
$34.8M 0.19%
267,218
+200
+0.1% +$26.1K
BKNG icon
94
Booking.com
BKNG
$158B
$34.7M 0.19%
238,975
– –
ETN icon
95
Eaton
ETN
$174B
$34.2M 0.18%
109,356
– –
BLK icon
96
Blackrock
BLK
$175B
$34M 0.18%
40,771
– –
SYK icon
97
Stryker
SYK
$131B
$33.2M 0.18%
92,699
+100
+0.1% +$33.6K
PGR icon
98
Progressive
PGR
$125B
$33.2M 0.18%
160,388
+200
+0.1% +$37.1K
TSM icon
99
TSMC
TSM
$2.2T
$33M 0.18%
242,600
-39,000
-14% -$4.84M
MS icon
100
Morgan Stanley
MS
$340B
$32.3M 0.17%
343,226
-2,800
-0.8% -$247K
2 3
4
5 6

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 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.