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
+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
(+3.6%)
Cap. Flow
-$325M
Cap. Flow
% of AUM
-1.61%
Top 10 Holdings %
Top 10 Hldgs %
37.4%
Holding
964
New
14
Increased
120
Reduced
748
Closed
14
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
CVS Health
CVS
|
+$71.4M |
| 2 |
Apple
AAPL
|
+$43.1M |
| 3 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$39M |
| 4 |
Burlington
BURL
|
+$28.1M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$22.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Bristol-Myers Squibb
BMY
|
+$190M |
| 2 |
NextEra Energy
NEE
|
+$109M |
| 3 |
iShares Core US Aggregate Bond ETF
AGG
|
+$99.8M |
| 4 |
CrowdStrike
CRWD
|
+$66.3M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
101
Stryker
SYK
$130B
| $33.7M | 0.17% |
93,399
+500
| +0.5% | +$173K |
|
102
Boston Scientific
BSX
$73.3B
| $33.6M | 0.17% |
401,008
-1,600
| -0.4% | -$126K |
|
103
TSMC
TSM
$2.19T
| $32.8M | 0.16% |
188,900
| – | – |
|
|
MRSH
104
Marsh
MRSH
$91.4B
| $31.7M | 0.16% |
142,075
-1,100
| -0.8% | -$244K |
|
105
Medtronic
MDT
$113B
| $31.4M | 0.16% |
349,298
-14,300
| -4% | -$1.2M |
|
106
Micron Technology
MU
$985B
| $31.3M | 0.16% |
301,942
-1,300
| -0.4% | -$136K |
|
107
Gilead Sciences
GILD
$166B
| $31.2M | 0.15% |
371,843
-2,100
| -0.6% | -$160K |
|
108
Analog Devices
ADI
$189B
| $31.1M | 0.15% |
135,155
-700
| -0.5% | -$158K |
|
109
Lam Research
LRCX
$385B
| $31.1M | 0.15% |
380,800
-3,000
| -0.8% | -$261K |
|
110
KLA
KLAC
$255B
| $30.7M | 0.15% |
396,680
-3,000
| -0.8% | -$235K |
|
111
GE HealthCare
GEHC
$32.9B
| $30.4M | 0.15% |
324,353
+208,100
| +179% | +$17.5M |
|
112
Regeneron Pharmaceuticals
REGN
$81.9B
| $30.4M | 0.15% |
28,921
-100
| -0.3% | -$111K |
|
113
Palo Alto Networks
PANW
$308B
| $30.1M | 0.15% |
176,400
-600
| -0.3% | -$101K |
|
114
HubSpot
HUBS
$10.4B
| $30.1M | 0.15% |
56,700
+13,000
| +30% | +$6.53M |
|
115
Starbucks
SBUX
$120B
| $30.1M | 0.15% |
308,659
-1,600
| -0.5% | -$137K |
|
116
Blackstone
BX
$110B
| $30M | 0.15% |
196,100
+400
| +0.2% | +$55.5K |
|
117
Cigna
CI
$74.3B
| $29.7M | 0.15% |
85,641
-1,700
| -2% | -$585K |
|
118
American Tower
AMT
$79.2B
| $29.6M | 0.15% |
127,184
-700
| -0.5% | -$155K |
|
119
Chubb
CB
$135B
| $29.5M | 0.15% |
102,287
-8,900
| -8% | -$2.44M |
|
120
Spotify
SPOT
$105B
| $29.1M | 0.14% |
79,031
-10,000
| -11% | -$3.32M |
|
121
Deere & Co
DE
$166B
| $29.1M | 0.14% |
69,757
-1,100
| -2% | -$415K |
|
|
FISV
122
Fiserv Inc
FISV
$27.5B
| $28.2M | 0.14% |
156,834
-3,400
| -2% | -$561K |
|
123
Amphenol
APH
$210B
| $28.1M | 0.14% |
430,974
-1,000
| -0.2% | -$64.8K |
|
124
T-Mobile US
TMUS
$188B
| $27.5M | 0.14% |
133,441
-7,800
| -6% | -$1.49M |
|
125
Alibaba
BABA
$313B
| $27.3M | 0.14% |
257,000
| – | – |
|
Similar funds
FAM
BA
AM
CAM
DSA
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.