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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
CI icon
101
Cigna
CI
$74.6B
$32.3M 0.17%
88,941
– –
CVS icon
102
CVS Health
CVS
$122B
$31.8M 0.17%
399,177
-6,900
-2% -$527K
MDT icon
103
Medtronic
MDT
$113B
$31.7M 0.17%
364,298
– –
TJX icon
104
TJX Companies
TJX
$177B
$31.7M 0.17%
312,282
-900
-0.3% -$87.3K
ADP icon
105
Automatic Data Processing
ADP
$107B
$31.6M 0.17%
126,603
– –
VRTX icon
106
Vertex Pharmaceuticals
VRTX
$134B
$30.6M 0.16%
73,123
+100
+0.1% +$42.3K
BA icon
107
Boeing
BA
$186B
$30.3M 0.16%
157,096
-68,600
-30% -$14.1M
LMT icon
108
Lockheed Martin
LMT
$139B
$29.7M 0.16%
65,218
-1,500
-2% -$657K
SCHW
109
Charles Schwab
SCHW
$189B
$29.5M 0.16%
407,766
+300
+0.1% +$19.8K
UPS icon
110
United Parcel Service
UPS
$88.3B
$29.5M 0.16%
198,214
+200
+0.1% +$30.4K
MRSH
111
Marsh
MRSH
$90.8B
$29.4M 0.16%
142,875
-200
-0.1% -$39.9K
DE icon
112
Deere & Co
DE
$166B
$29.3M 0.16%
71,357
-2,000
-3% -$767K
ANET icon
113
Arista Networks
ANET
$243B
$29.2M 0.16%
402,356
+110,800
+38% +$7.47M
SPOT icon
114
Spotify
SPOT
$104B
$29M 0.16%
110,031
– –
CB icon
115
Chubb
CB
$135B
$28.8M 0.15%
111,087
-600
-0.5% -$148K
ARM icon
116
Arm
ARM
$290B
$28.5M 0.15%
+228,200
New +$24.2M
SBUX icon
117
Starbucks
SBUX
$120B
$28.4M 0.15%
310,259
-2,600
-0.8% -$242K
REGN icon
118
Regeneron Pharmaceuticals
REGN
$81.8B
$27.8M 0.15%
28,921
-400
-1% -$380K
KLAC icon
119
KLA
KLAC
$259B
$27.6M 0.15%
395,680
-1,000
-0.3% -$64.2K
BSX icon
120
Boston Scientific
BSX
$72.6B
$27.5M 0.15%
401,408
+500
+0.1% +$32.1K
GILD icon
121
Gilead Sciences
GILD
$165B
$27M 0.15%
369,043
+300
+0.1% +$23.1K
ADI icon
122
Analog Devices
ADI
$190B
$26.9M 0.14%
135,855
-600
-0.4% -$115K
FISV
123
Fiserv Inc
FISV
$27.3B
$26.3M 0.14%
164,434
+100
+0.1% +$14.6K
EW icon
124
Edwards Lifesciences
EW
$53B
$26.1M 0.14%
272,951
+100
+0% +$8.4K
BX icon
125
Blackstone
BX
$110B
$25.9M 0.14%
197,100
+2,600
+1% +$325K
3 4
5
6 7

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 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.