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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
MDLZ icon
126
Mondelez International
MDLZ
$78.9B
$25.8M 0.14%
368,970
-3,500
-0.9% -$255K
NVO
127
Novo Nordisk
NVO
$208B
$25.7M 0.14%
+200,000
New +$23.8M
CPRT icon
128
Copart
CPRT
$27.2B
$25.3M 0.14%
436,208
+200
+0% +$10.3K
AMT icon
129
American Tower
AMT
$79.3B
$25.2M 0.14%
127,684
+100
+0.1% +$19.9K
PANW icon
130
Palo Alto Networks
PANW
$308B
$24.5M 0.13%
172,800
-418,720
-71% -$66.1M
CDNS icon
131
Cadence Design Systems
CDNS
$93.3B
$24.4M 0.13%
78,523
– –
SNPS icon
132
Synopsys
SNPS
$80.1B
$23.9M 0.13%
41,827
+200
+0.5% +$110K
MO icon
133
Altria Group
MO
$112B
$23.6M 0.13%
540,410
-1,100
-0.2% -$45.6K
ICLR icon
134
Icon
ICLR
$12.7B
$23.4M 0.13%
69,670
– –
TMUS icon
135
T-Mobile US
TMUS
$189B
$23.3M 0.13%
143,041
+3,700
+3% +$602K
SHW icon
136
Sherwin-Williams
SHW
$88.4B
$22.4M 0.12%
64,556
+100
+0.2% +$31.9K
TGT icon
137
Target
TGT
$68.2B
$22.4M 0.12%
126,522
+100
+0.1% +$15.2K
IDXX icon
138
Idexx Laboratories
IDXX
$46.8B
$22.4M 0.12%
41,455
– –
GM icon
139
General Motors
GM
$77.3B
$22.2M 0.12%
489,208
-58,700
-11% -$2.27M
ZTS icon
140
Zoetis
ZTS
$29.9B
$22.1M 0.12%
130,464
+100
+0.1% +$18.7K
ITW icon
141
Illinois Tool Works
ITW
$84.3B
$21.8M 0.12%
81,336
-500
-0.6% -$130K
SLB icon
142
SLB Ltd
SLB
$77.1B
$21.4M 0.12%
391,138
+100
+0% +$5.04K
SO icon
143
Southern Company
SO
$106B
$21.4M 0.12%
298,823
+200
+0.1% +$13.8K
WM icon
144
Waste Management
WM
$91B
$21.4M 0.12%
100,388
– –
CME icon
145
CME Group
CME
$96.5B
$21.2M 0.11%
98,644
+100
+0.1% +$21K
EQIX icon
146
Equinix
EQIX
$103B
$21.2M 0.11%
25,717
– –
FDX icon
147
FedEx
FDX
$76.3B
$20.9M 0.11%
72,167
-300
-0.4% -$75K
NXPI icon
148
NXP Semiconductors
NXPI
$59.4B
$20.5M 0.11%
82,868
– –
DUK icon
149
Duke Energy
DUK
$95.7B
$20.4M 0.11%
211,236
+200
+0.1% +$19K
EOG icon
150
EOG Resources
EOG
$73.7B
$20.4M 0.11%
159,752
+100
+0.1% +$11.7K
4 5
6
7 8

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.