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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
XYZ
151
Block Inc
XYZ
$47.3B
$20.4M 0.11%
241,246
– –
CL icon
152
Colgate-Palmolive
CL
$73.8B
$20.3M 0.11%
225,629
+200
+0.1% +$16.9K
MPC icon
153
Marathon Petroleum
MPC
$87.4B
$20.3M 0.11%
100,810
-3,100
-3% -$530K
CSX icon
154
CSX Corp
CSX
$93.2B
$20.1M 0.11%
541,484
+500
+0.1% +$18.2K
USB icon
155
US Bancorp
USB
$99.7B
$19.8M 0.11%
443,682
+300
+0.1% +$12.7K
ABNB icon
156
Airbnb
ABNB
$109B
$19.7M 0.11%
119,300
+300
+0.3% +$45.4K
PYPL icon
157
PayPal
PYPL
$50.2B
$19.7M 0.11%
293,692
-1,500
-0.5% -$92.1K
BDX icon
158
Becton Dickinson
BDX
$48.3B
$19.6M 0.11%
79,188
-200
-0.3% -$47.9K
PCAR icon
159
PACCAR
PCAR
$69.8B
$19.6M 0.11%
157,966
+100
+0.1% +$10.7K
PH icon
160
Parker-Hannifin
PH
$135B
$19.6M 0.11%
35,196
– –
F icon
161
Ford
F
$55B
$19.3M 0.1%
1,454,179
-7,200
-0.5% -$87.3K
PSX icon
162
Phillips 66
PSX
$84.1B
$19.2M 0.1%
117,812
-2,600
-2% -$375K
DHI icon
163
D.R. Horton
DHI
$40.8B
$19.2M 0.1%
116,899
-700
-0.6% -$105K
FAST icon
164
Fastenal
FAST
$59.3B
$19.1M 0.1%
494,956
-46,400
-9% -$1.64M
TT icon
165
Trane Technologies
TT
$106B
$18.7M 0.1%
62,313
-200
-0.3% -$54.3K
NOC icon
166
Northrop Grumman
NOC
$82B
$18.5M 0.1%
38,618
-200
-0.5% -$92.1K
FCX icon
167
Freeport-McMoran
FCX
$97.2B
$18.5M 0.1%
392,933
+300
+0.1% +$12.1K
AON icon
168
Aon
AON
$75.7B
$18.3M 0.1%
54,858
– –
ORLY icon
169
O'Reilly Automotive
ORLY
$75.3B
$18.2M 0.1%
242,445
– –
VLO icon
170
Valero Energy
VLO
$89.3B
$18.1M 0.1%
106,162
+100
+0.1% +$14.3K
HCA icon
171
HCA Healthcare
HCA
$89.7B
$18.1M 0.1%
54,309
+100
+0.2% +$30.6K
MMM icon
172
3M
MMM
$93.5B
$18M 0.1%
202,728
+239
+0.1% +$19.8K
EMR icon
173
Emerson Electric
EMR
$88B
$17.8M 0.1%
156,620
+500
+0.3% +$51.4K
PNC icon
174
PNC Financial Services
PNC
$100B
$17.6M 0.09%
109,056
– –
GD icon
175
General Dynamics
GD
$107B
$17.6M 0.09%
62,212
+200
+0.3% +$53.5K
5 6
7
8 9

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.