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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
SPGI icon
76
S&P Global
SPGI
$120B
$42.9M 0.22%
86,153
-1,000
-1% -$507K
BLK icon
77
Blackrock
BLK
$176B
$42.8M 0.22%
41,771
+1,600
+4% +$1.62M
TJX icon
78
TJX Companies
TJX
$178B
$42.5M 0.22%
351,482
+2,000
+0.6% +$239K
MS icon
79
Morgan Stanley
MS
$340B
$42.3M 0.22%
336,726
-2,500
-0.7% -$308K
CMCSA icon
80
Comcast
CMCSA
$90B
$41.5M 0.22%
1,106,289
+54,200
+5% +$2.25M
C icon
81
Citigroup
C
$226B
$40.3M 0.21%
572,436
-5,300
-0.9% -$357K
DHR icon
82
Danaher
DHR
$144B
$40M 0.21%
174,446
-600
-0.3% -$147K
HON icon
83
Honeywell
HON
$78B
$39.9M 0.21%
187,282
-849
-0.5% -$177K
COP icon
84
ConocoPhillips
COP
$141B
$38.3M 0.2%
386,328
+32,037
+9% +$3.4M
PGR icon
85
Progressive
PGR
$125B
$38.1M 0.2%
158,988
-500
-0.3% -$126K
AMGN icon
86
Amgen
AMGN
$222B
$38M 0.2%
145,897
-400
-0.3% -$119K
LOW icon
87
Lowe's Companies
LOW
$125B
$38M 0.2%
153,970
-1,200
-0.8% -$320K
KR icon
88
Kroger
KR
$34.8B
$37.8M 0.2%
618,087
-102,000
-14% -$5.98M
XLV icon
89
State Street Health Care Select Sector SPDR ETF
XLV
$43.3B
$37.8M 0.2%
274,588
+37,100
+16% +$5.43M
UNP icon
90
Union Pacific
UNP
$174B
$37.5M 0.2%
164,545
-1,400
-0.8% -$331K
GEHC icon
91
GE HealthCare
GEHC
$32.4B
$37.1M 0.19%
473,953
+149,600
+46% +$12.7M
ADP icon
92
Automatic Data Processing
ADP
$108B
$36.4M 0.19%
124,503
-1,100
-0.9% -$325K
BA icon
93
Boeing
BA
$185B
$35.9M 0.19%
202,896
+43,500
+27% +$6.83M
BSX icon
94
Boston Scientific
BSX
$71.5B
$35.7M 0.19%
400,008
-1,000
-0.2% -$88K
ICE icon
95
Intercontinental Exchange
ICE
$84.4B
$35.7M 0.19%
239,442
-20,400
-8% -$3.23M
ETN icon
96
Eaton
ETN
$174B
$35.6M 0.19%
107,256
-1,200
-1% -$421K
BMY icon
97
Bristol-Myers Squibb
BMY
$132B
$34.7M 0.18%
613,133
-101,000
-14% -$5.64M
UBER icon
98
Uber
UBER
$153B
$34.5M 0.18%
571,500
-700
-0.1% -$50K
BX icon
99
Blackstone
BX
$110B
$33.8M 0.18%
196,000
-100
-0.1% -$17.4K
SPOT icon
100
Spotify
SPOT
$100B
$33.6M 0.17%
75,031
-4,000
-5% -$1.71M
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 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.