We are live on ! Find out more
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
UBER icon
76
Uber
UBER
$153B
$41.6M 0.21%
572,300
+8,500
+2% +$591K
VLUE icon
77
iShares MSCI USA Value Factor ETF
VLUE
$9.47B
$41.2M 0.21%
398,200
-58,200
-13% -$6.01M
COP icon
78
ConocoPhillips
COP
$141B
$41M 0.21%
358,291
-7,500
-2% -$911K
LRCX icon
79
Lam Research
LRCX
$390B
$40.9M 0.21%
383,800
+2,000
+0.5% +$192K
RTX icon
80
RTX Corp
RTX
$301B
$39.9M 0.21%
397,632
-4,400
-1% -$455K
MU icon
81
Micron Technology
MU
$991B
$39.9M 0.21%
303,242
+800
+0.3% +$101K
XLV icon
82
State Street Health Care Select Sector SPDR ETF
XLV
$43.3B
$39.1M 0.2%
268,288
+12,500
+5% +$1.79M
SPGI icon
83
S&P Global
SPGI
$120B
$39.1M 0.2%
87,653
-400
-0.5% -$172K
TJX icon
84
TJX Companies
TJX
$178B
$38.7M 0.2%
351,882
+39,600
+13% +$3.99M
HON icon
85
Honeywell
HON
$78B
$38.1M 0.2%
189,192
-2,441
-1% -$464K
UNP icon
86
Union Pacific
UNP
$174B
$37.8M 0.19%
167,045
– –
ELV icon
87
Elevance Health
ELV
$85.5B
$37.4M 0.19%
69,051
-300
-0.4% -$159K
C icon
88
Citigroup
C
$226B
$36.8M 0.19%
580,636
-8,900
-2% -$549K
BKNG icon
89
Booking.com
BKNG
$161B
$36.7M 0.19%
231,475
-7,500
-3% -$1.11M
AXP icon
90
American Express
AXP
$230B
$36M 0.19%
155,577
-1,100
-0.7% -$255K
ANET icon
91
Arista Networks
ANET
$238B
$35.7M 0.18%
407,556
+5,200
+1% +$387K
ICE icon
92
Intercontinental Exchange
ICE
$84.4B
$35.7M 0.18%
260,542
+100
+0% +$13.4K
VRTX icon
93
Vertex Pharmaceuticals
VRTX
$126B
$34.6M 0.18%
73,923
+800
+1% +$347K
LOW icon
94
Lowe's Companies
LOW
$125B
$34.5M 0.18%
156,670
-900
-0.6% -$205K
ETN icon
95
Eaton
ETN
$174B
$34.3M 0.18%
109,456
+100
+0.1% +$32.3K
PGR icon
96
Progressive
PGR
$125B
$33.3M 0.17%
160,388
– –
MS icon
97
Morgan Stanley
MS
$340B
$33.3M 0.17%
342,726
-500
-0.1% -$47.6K
KLAC icon
98
KLA
KLAC
$259B
$33M 0.17%
399,680
+4,000
+1% +$295K
TSM icon
99
TSMC
TSM
$2.18T
$32.8M 0.17%
188,900
-53,700
-22% -$8.15M
MRNA icon
100
Moderna
MRNA
$23.6B
$32.6M 0.17%
274,248
+183,407
+202% +$23.2M
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
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.