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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
+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
BLK icon
101
Blackrock
BLK
$176B
$31.9M 0.16%
40,571
-200
-0.5% -$156K
SYK icon
102
Stryker
SYK
$130B
$31.6M 0.16%
92,899
+200
+0.2% +$67.7K
ADI icon
103
Analog Devices
ADI
$190B
$31M 0.16%
135,855
– –
BSX icon
104
Boston Scientific
BSX
$71.5B
$31M 0.16%
402,608
+1,200
+0.3% +$87.8K
NKE icon
105
Nike
NKE
$61.9B
$30.7M 0.16%
407,015
+20,700
+5% +$1.92M
REGN icon
106
Regeneron Pharmaceuticals
REGN
$80.8B
$30.5M 0.16%
29,021
+100
+0.3% +$96.9K
PLD icon
107
Prologis
PLD
$133B
$30.2M 0.16%
269,118
+1,900
+0.7% +$210K
ADP icon
108
Automatic Data Processing
ADP
$108B
$30.2M 0.16%
126,603
– –
MRSH
109
Marsh
MRSH
$91.5B
$30.2M 0.16%
143,175
+300
+0.2% +$61.6K
SCHW
110
Charles Schwab
SCHW
$187B
$30.1M 0.15%
408,866
+1,100
+0.3% +$81.3K
PANW icon
111
Palo Alto Networks
PANW
$297B
$30M 0.15%
177,000
+4,200
+2% +$628K
LMT icon
112
Lockheed Martin
LMT
$136B
$29.7M 0.15%
63,518
-1,700
-3% -$786K
APH icon
113
Amphenol
APH
$209B
$29.1M 0.15%
431,974
-177,100
-29% -$11.2M
CI icon
114
Cigna
CI
$74.6B
$28.9M 0.15%
87,341
-1,600
-2% -$552K
BA icon
115
Boeing
BA
$185B
$28.8M 0.15%
157,996
+900
+0.6% +$160K
MDT icon
116
Medtronic
MDT
$112B
$28.6M 0.15%
363,598
-700
-0.2% -$57.4K
NVO
117
Novo Nordisk
NVO
$209B
$28.5M 0.15%
200,000
– –
CB icon
118
Chubb
CB
$135B
$28.4M 0.15%
111,187
+100
+0.1% +$25.7K
SPOT icon
119
Spotify
SPOT
$100B
$27.9M 0.14%
89,031
-21,000
-19% -$6.32M
UPS icon
120
United Parcel Service
UPS
$88.9B
$27.3M 0.14%
199,714
+1,500
+0.8% +$215K
DE icon
121
Deere & Co
DE
$168B
$26.5M 0.14%
70,857
-500
-0.7% -$195K
SNPS icon
122
Synopsys
SNPS
$79.7B
$26.3M 0.13%
44,127
+2,300
+5% +$1.3M
HUBS icon
123
HubSpot
HUBS
$10.5B
$25.8M 0.13%
+43,700
New +$26.8M
GILD icon
124
Gilead Sciences
GILD
$165B
$25.7M 0.13%
373,943
+4,900
+1% +$327K
EW icon
125
Edwards Lifesciences
EW
$51.7B
$25.3M 0.13%
273,851
+900
+0.3% +$79.7K
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 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.