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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
Cap. Flow
-$325M
Cap. Flow %
-1.61%
Top 10 Hldgs %
37.4%
Holding
964
New
14
Increased
120
Reduced
748
Closed
14

Top Buys

Rank Stock Value
1
CVS icon
CVS Health
CVS
+$71.4M
2
AAPL icon
Apple
AAPL
+$43.1M
3
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$39M
4
BURL icon
Burlington
BURL
+$28.1M
5
GOOG icon
Alphabet (Google) Class C
GOOG
+$22.1M

Top Sells

Rank Stock Value
1
BMY icon
Bristol-Myers Squibb
BMY
+$190M
2
NEE icon
NextEra Energy
NEE
+$109M
3
AGG icon
iShares Core US Aggregate Bond ETF
AGG
+$99.8M
4
CRWD icon
CrowdStrike
CRWD
+$66.3M
5
VZ icon
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
LOW icon
76
Lowe's Companies
LOW
$122B
$42M 0.21%
155,170
-1,500
-1% -$363K
ICE icon
77
Intercontinental Exchange
ICE
$84.9B
$41.7M 0.21%
259,842
-700
-0.3% -$108K
AXP icon
78
American Express
AXP
$228B
$41.5M 0.21%
152,977
-2,600
-2% -$647K
KR icon
79
Kroger
KR
$34.6B
$41.3M 0.2%
720,087
-202,400
-22% -$10.9M
TJX icon
80
TJX Companies
TJX
$177B
$41.1M 0.2%
349,482
-2,400
-0.7% -$275K
UNP icon
81
Union Pacific
UNP
$174B
$40.9M 0.2%
165,945
-1,100
-0.7% -$267K
PGR icon
82
Progressive
PGR
$124B
$40.5M 0.2%
159,488
-900
-0.6% -$209K
PLTR icon
83
Palantir
PLTR
$426B
$39.5M 0.2%
1,061,400
+548,400
+107% +$16.8M
ANET icon
84
Arista Networks
ANET
$243B
$39.4M 0.2%
410,356
+2,800
+0.7% +$244K
BKNG icon
85
Booking.com
BKNG
$158B
$38.6M 0.19%
228,975
-2,500
-1% -$383K
BLK icon
86
Blackrock
BLK
$175B
$38.1M 0.19%
40,171
-400
-1% -$346K
COP icon
87
ConocoPhillips
COP
$145B
$37.3M 0.19%
354,291
-4,000
-1% -$439K
BMY icon
88
Bristol-Myers Squibb
BMY
$132B
$36.9M 0.18%
714,133
-4,053,000
-85% -$190M
LMT icon
89
Lockheed Martin
LMT
$139B
$36.7M 0.18%
62,818
-700
-1% -$376K
HON icon
90
Honeywell
HON
$77.2B
$36.7M 0.18%
188,131
-1,061
-0.6% -$206K
XLV icon
91
State Street Health Care Select Sector SPDR ETF
XLV
$43.7B
$36.6M 0.18%
237,488
-30,800
-11% -$4.67M
C icon
92
Citigroup
C
$227B
$36.2M 0.18%
577,736
-2,900
-0.5% -$179K
ETN icon
93
Eaton
ETN
$175B
$35.9M 0.18%
108,456
-1,000
-0.9% -$306K
ELV icon
94
Elevance Health
ELV
$85.9B
$35.6M 0.18%
68,551
-500
-0.7% -$267K
NKE icon
95
Nike
NKE
$61.4B
$35.6M 0.18%
402,415
-4,600
-1% -$361K
MS icon
96
Morgan Stanley
MS
$340B
$35.4M 0.18%
339,226
-3,500
-1% -$352K
ADP icon
97
Automatic Data Processing
ADP
$107B
$34.8M 0.17%
125,603
-1,000
-0.8% -$262K
SMCI icon
98
Super Micro Computer
SMCI
$21.2B
$34.5M 0.17%
828,000
-171,000
-17% -$10.4M
VRTX icon
99
Vertex Pharmaceuticals
VRTX
$134B
$34.2M 0.17%
73,623
-300
-0.4% -$144K
PLD icon
100
Prologis
PLD
$131B
$33.8M 0.17%
267,718
-1,400
-0.5% -$174K
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 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.