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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
UPS icon
126
United Parcel Service
UPS
$88.9B
$25M 0.13%
198,514
-1,000
-0.5% -$132K
EQIX icon
127
Equinix
EQIX
$103B
$24.7M 0.13%
26,217
+400
+2% +$368K
GEV icon
128
GE Vernova
GEV
$264B
$24.6M 0.13%
74,840
– –
SO icon
129
Southern Company
SO
$107B
$24.5M 0.13%
297,423
-400
-0.1% -$35.1K
MO icon
130
Altria Group
MO
$114B
$24.1M 0.13%
459,942
-62,968
-12% -$3.35M
CME icon
131
CME Group
CME
$94.8B
$24M 0.12%
103,344
-400
-0.4% -$92K
CDNS icon
132
Cadence Design Systems
CDNS
$93.4B
$23.8M 0.12%
79,323
-200
-0.3% -$58.1K
TT icon
133
Trane Technologies
TT
$106B
$23.8M 0.12%
64,513
+3,100
+5% +$1.23M
GM icon
134
General Motors
GM
$76.8B
$23.7M 0.12%
444,508
-3,300
-0.7% -$173K
AMT icon
135
American Tower
AMT
$80.4B
$23.3M 0.12%
126,784
-400
-0.3% -$82.9K
PYPL icon
136
PayPal
PYPL
$50.5B
$23.2M 0.12%
272,092
-6,300
-2% -$530K
SOFI icon
137
SoFi Technologies
SOFI
$23.7B
$23.1M 0.12%
1,500,000
– –
DUK icon
138
Duke Energy
DUK
$97.3B
$22.6M 0.12%
209,636
-600
-0.3% -$68K
SHW icon
139
Sherwin-Williams
SHW
$89.8B
$22.3M 0.12%
65,656
-1,200
-2% -$448K
PH icon
140
Parker-Hannifin
PH
$135B
$22.2M 0.12%
34,896
-100
-0.3% -$66.2K
CPRT icon
141
Copart
CPRT
$27.5B
$22.1M 0.11%
384,708
-600
-0.2% -$34.2K
BABA icon
142
Alibaba
BABA
$308B
$21.8M 0.11%
257,000
– –
MDLZ icon
143
Mondelez International
MDLZ
$79.9B
$21.7M 0.11%
362,970
-800
-0.2% -$52.9K
CRWD icon
144
CrowdStrike
CRWD
$218B
$21.6M 0.11%
252,800
+1,200
+0.5% +$99.8K
SNPS icon
145
Synopsys
SNPS
$79.7B
$21.5M 0.11%
44,327
+200
+0.5% +$105K
USB icon
146
US Bancorp
USB
$99.6B
$21.3M 0.11%
445,482
-1,000
-0.2% -$49.2K
MCO icon
147
Moody's
MCO
$82.7B
$21.3M 0.11%
44,906
-500
-1% -$239K
MSCI icon
148
MSCI
MSCI
$40.9B
$21.1M 0.11%
35,202
-3,100
-8% -$1.86M
AON icon
149
Aon
AON
$76B
$21.1M 0.11%
58,658
-500
-0.8% -$184K
MSI icon
150
Motorola Solutions
MSI
$77.4B
$21M 0.11%
45,408
– –
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 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.