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
Cap. Flow
-$325M
Cap. Flow %
-1.61%
Top 10 Hldgs %
37.4%
Holding
964
New
14
Increased
120
Reduced
748
Closed
14

Top Buys

Rank Stock Value
1
CVS icon
CVS Health
CVS
+$71.4M
2
AAPL icon
Apple
AAPL
+$43.1M
3
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$39M
4
BURL icon
Burlington
BURL
+$28.1M
5
GOOG icon
Alphabet (Google) Class C
GOOG
+$22.1M

Top Sells

Rank Stock Value
1
BMY icon
Bristol-Myers Squibb
BMY
+$190M
2
NEE icon
NextEra Energy
NEE
+$109M
3
AGG icon
iShares Core US Aggregate Bond ETF
AGG
+$99.8M
4
CRWD icon
CrowdStrike
CRWD
+$66.3M
5
VZ icon
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
UPS icon
126
United Parcel Service
UPS
$88.9B
$27.2M 0.13%
199,514
-200
-0.1% -$26.3K
SO icon
127
Southern Company
SO
$107B
$26.9M 0.13%
297,823
-1,600
-0.5% -$137K
MDLZ icon
128
Mondelez International
MDLZ
$79.9B
$26.8M 0.13%
363,770
-3,600
-1% -$253K
MO icon
129
Altria Group
MO
$114B
$26.7M 0.13%
522,910
-5,800
-1% -$293K
SCHW
130
Charles Schwab
SCHW
$187B
$26.4M 0.13%
406,866
-2,000
-0.5% -$131K
SHW icon
131
Sherwin-Williams
SHW
$89.8B
$25.5M 0.13%
66,856
-700
-1% -$244K
ZTS icon
132
Zoetis
ZTS
$30B
$25.5M 0.13%
130,564
-1,600
-1% -$295K
DUK icon
133
Duke Energy
DUK
$97.3B
$24.2M 0.12%
210,236
-1,100
-0.5% -$122K
BA icon
134
Boeing
BA
$185B
$24.2M 0.12%
159,396
+1,400
+0.9% +$240K
KKR icon
135
KKR & Co
KKR
$92.3B
$24M 0.12%
183,700
+1,400
+0.8% +$166K
TT icon
136
Trane Technologies
TT
$106B
$23.9M 0.12%
61,413
-600
-1% -$208K
CL icon
137
Colgate-Palmolive
CL
$74.4B
$23.1M 0.11%
222,529
-2,200
-1% -$224K
EQIX icon
138
Equinix
EQIX
$103B
$22.9M 0.11%
25,817
-200
-0.8% -$164K
CME icon
139
CME Group
CME
$94.8B
$22.9M 0.11%
103,744
-600
-0.6% -$124K
MELI icon
140
Mercado Libre
MELI
$92.3B
$22.6M 0.11%
11,000
– –
QUAL icon
141
iShares MSCI USA Quality Factor ETF
QUAL
$48.1B
$22.3M 0.11%
124,650
+6,300
+5% +$1.09M
SNPS icon
142
Synopsys
SNPS
$79.7B
$22.3M 0.11%
44,127
– –
MSCI icon
143
MSCI
MSCI
$40.9B
$22.3M 0.11%
38,302
-300
-0.8% -$163K
CEG icon
144
Constellation Energy
CEG
$95.6B
$22.1M 0.11%
85,167
-1,200
-1% -$238K
PH icon
145
Parker-Hannifin
PH
$135B
$22.1M 0.11%
34,996
-200
-0.6% -$114K
MMM icon
146
3M
MMM
$94.3B
$21.8M 0.11%
159,205
-1,900
-1% -$233K
PYPL icon
147
PayPal
PYPL
$50.5B
$21.7M 0.11%
278,392
-8,100
-3% -$542K
CDNS icon
148
Cadence Design Systems
CDNS
$93.4B
$21.6M 0.11%
79,523
+100
+0.1% +$27.6K
MCO icon
149
Moody's
MCO
$82.7B
$21.5M 0.11%
45,406
-400
-0.9% -$185K
GD icon
150
General Dynamics
GD
$106B
$21.2M 0.11%
70,212
+7,900
+13% +$2.32M
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 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.