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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
TMUS icon
126
T-Mobile US
TMUS
$190B
$24.9M 0.13%
141,241
-1,800
-1% -$302K
AMT icon
127
American Tower
AMT
$80.4B
$24.9M 0.13%
127,884
+200
+0.2% +$37.4K
CDNS icon
128
Cadence Design Systems
CDNS
$93.4B
$24.4M 0.13%
79,423
+900
+1% +$266K
BX icon
129
Blackstone
BX
$110B
$24.2M 0.12%
195,700
-1,400
-0.7% -$172K
SBUX icon
130
Starbucks
SBUX
$120B
$24.2M 0.12%
310,259
– –
MO icon
131
Altria Group
MO
$114B
$24.1M 0.12%
528,710
-11,700
-2% -$519K
MDLZ icon
132
Mondelez International
MDLZ
$79.9B
$24M 0.12%
367,370
-1,600
-0.4% -$110K
FISV
133
Fiserv Inc
FISV
$27.9B
$23.9M 0.12%
160,234
-4,200
-3% -$636K
SO icon
134
Southern Company
SO
$107B
$23.2M 0.12%
299,423
+600
+0.2% +$45.5K
ZTS icon
135
Zoetis
ZTS
$30B
$22.9M 0.12%
132,164
+1,700
+1% +$283K
NXPI icon
136
NXP Semiconductors
NXPI
$60.4B
$21.9M 0.11%
81,568
-1,300
-2% -$335K
ICLR icon
137
Icon
ICLR
$12.7B
$21.8M 0.11%
69,670
– –
CL icon
138
Colgate-Palmolive
CL
$74.4B
$21.8M 0.11%
224,729
-900
-0.4% -$83K
WM icon
139
Waste Management
WM
$91B
$21.3M 0.11%
99,988
-400
-0.4% -$83.1K
FDX icon
140
FedEx
FDX
$75.4B
$21.3M 0.11%
70,967
-1,200
-2% -$314K
DUK icon
141
Duke Energy
DUK
$97.3B
$21.2M 0.11%
211,336
+100
+0% +$10K
GM icon
142
General Motors
GM
$76.8B
$21.1M 0.11%
454,208
-35,000
-7% -$1.58M
ARM icon
143
Arm
ARM
$302B
$21M 0.11%
128,200
-100,000
-44% -$12.4M
CPRT icon
144
Copart
CPRT
$27.5B
$20.9M 0.11%
386,408
-49,800
-11% -$2.72M
SLB icon
145
SLB Ltd
SLB
$75B
$20.9M 0.11%
442,438
+51,300
+13% +$2.48M
CME icon
146
CME Group
CME
$94.8B
$20.5M 0.11%
104,344
+5,700
+6% +$1.18M
TT icon
147
Trane Technologies
TT
$106B
$20.4M 0.1%
62,013
-300
-0.5% -$95.4K
IDXX icon
148
Idexx Laboratories
IDXX
$46.2B
$20.4M 0.1%
41,855
+400
+1% +$201K
QUAL icon
149
iShares MSCI USA Quality Factor ETF
QUAL
$48.1B
$20.2M 0.1%
118,350
-116,600
-50% -$19.1M
SHW icon
150
Sherwin-Williams
SHW
$89.8B
$20.2M 0.1%
67,556
+3,000
+5% +$928K
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 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.