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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
SYK icon
101
Stryker
SYK
$130B
$33.5M 0.17%
93,099
-300
-0.3% -$111K
PANW icon
102
Palo Alto Networks
PANW
$297B
$32.3M 0.17%
177,600
+1,200
+0.7% +$227K
FISV
103
Fiserv Inc
FISV
$27.9B
$31.7M 0.16%
154,434
-2,400
-2% -$490K
GILD icon
104
Gilead Sciences
GILD
$165B
$31.2M 0.16%
338,295
-33,548
-9% -$3.02M
INTC icon
105
Intel
INTC
$513B
$31.2M 0.16%
1,556,383
-742,800
-32% -$16.7M
NKE icon
106
Nike
NKE
$61.9B
$30.9M 0.16%
408,215
+5,800
+1% +$456K
LMT icon
107
Lockheed Martin
LMT
$136B
$30.4M 0.16%
62,518
-300
-0.5% -$164K
SCHW
108
Charles Schwab
SCHW
$187B
$30M 0.16%
405,766
-1,100
-0.3% -$82.3K
APH icon
109
Amphenol
APH
$209B
$30M 0.16%
432,174
+1,200
+0.3% +$84K
MRSH
110
Marsh
MRSH
$91.5B
$29.9M 0.16%
140,675
-1,400
-1% -$311K
TSM icon
111
TSMC
TSM
$2.18T
$29.3M 0.15%
148,200
-40,700
-22% -$7.88M
DE icon
112
Deere & Co
DE
$168B
$29.3M 0.15%
69,057
-700
-1% -$295K
TMUS icon
113
T-Mobile US
TMUS
$190B
$29.2M 0.15%
132,241
-1,200
-0.9% -$273K
VRTX icon
114
Vertex Pharmaceuticals
VRTX
$126B
$29.2M 0.15%
72,423
-1,200
-2% -$556K
ADI icon
115
Analog Devices
ADI
$190B
$28.6M 0.15%
134,755
-400
-0.3% -$88.4K
MU icon
116
Micron Technology
MU
$991B
$28.3M 0.15%
336,442
+34,500
+11% +$3.51M
CB icon
117
Chubb
CB
$135B
$28.1M 0.15%
101,787
-500
-0.5% -$142K
QUAL icon
118
iShares MSCI USA Quality Factor ETF
QUAL
$48.1B
$28.1M 0.15%
157,850
+33,200
+27% +$6.03M
SBUX icon
119
Starbucks
SBUX
$120B
$28.1M 0.15%
307,659
-1,000
-0.3% -$96.7K
MDT icon
120
Medtronic
MDT
$112B
$27.8M 0.14%
348,098
-1,200
-0.3% -$104K
LRCX icon
121
Lam Research
LRCX
$390B
$27.3M 0.14%
377,400
-3,400
-0.9% -$258K
KKR icon
122
KKR & Co
KKR
$92.3B
$27.1M 0.14%
183,200
-500
-0.3% -$73.4K
PLD icon
123
Prologis
PLD
$133B
$26.6M 0.14%
251,367
-16,351
-6% -$1.88M
ELV icon
124
Elevance Health
ELV
$85.5B
$25.7M 0.13%
69,551
+1,000
+1% +$418K
KLAC icon
125
KLA
KLAC
$259B
$25.2M 0.13%
399,680
+3,000
+0.8% +$203K
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 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.