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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
EOG icon
151
EOG Resources
EOG
$70.7B
$19.8M 0.1%
157,352
-2,400
-2% -$308K
EQIX icon
152
Equinix
EQIX
$103B
$19.7M 0.1%
26,017
+300
+1% +$228K
MCO icon
153
Moody's
MCO
$82.7B
$19.3M 0.1%
45,806
+2,700
+6% +$1.07M
ITW icon
154
Illinois Tool Works
ITW
$84.5B
$19.2M 0.1%
81,036
-300
-0.4% -$74.1K
KKR icon
155
KKR & Co
KKR
$92.3B
$19.2M 0.1%
+182,300
New +$18.6M
FCX icon
156
Freeport-McMoran
FCX
$97.5B
$19.1M 0.1%
393,433
+500
+0.1% +$25.2K
TGT icon
157
Target
TGT
$68B
$18.8M 0.1%
126,722
+200
+0.2% +$31.5K
MSCI icon
158
MSCI
MSCI
$40.9B
$18.6M 0.1%
38,602
-87,500
-69% -$43.4M
BDX icon
159
Becton Dickinson
BDX
$48.2B
$18.5M 0.1%
79,188
– –
BABA icon
160
Alibaba
BABA
$308B
$18.5M 0.1%
257,000
+67,750
+36% +$5.19M
ABNB icon
161
Airbnb
ABNB
$107B
$18.3M 0.09%
120,900
+1,600
+1% +$244K
GD icon
162
General Dynamics
GD
$106B
$18.1M 0.09%
62,312
+100
+0.2% +$29.3K
MELI icon
163
Mercado Libre
MELI
$92.3B
$18.1M 0.09%
11,000
– –
CSX icon
164
CSX Corp
CSX
$93.1B
$17.9M 0.09%
535,384
-6,100
-1% -$207K
USB icon
165
US Bancorp
USB
$99.6B
$17.8M 0.09%
448,882
+5,200
+1% +$212K
PH icon
166
Parker-Hannifin
PH
$135B
$17.8M 0.09%
35,196
– –
F icon
167
Ford
F
$55.7B
$17.8M 0.09%
1,416,879
-37,300
-3% -$461K
CTAS icon
168
Cintas
CTAS
$81.3B
$17.7M 0.09%
101,372
– –
MSI icon
169
Motorola Solutions
MSI
$77.4B
$17.6M 0.09%
45,708
+200
+0.4% +$72.2K
AON icon
170
Aon
AON
$76B
$17.5M 0.09%
59,558
+4,700
+9% +$1.39M
CEG icon
171
Constellation Energy
CEG
$95.6B
$17.3M 0.09%
86,367
-1,100
-1% -$224K
EMR icon
172
Emerson Electric
EMR
$88.3B
$17.3M 0.09%
156,720
+100
+0.1% +$11.1K
IBB icon
173
iShares Biotechnology ETF
IBB
$9.71B
$17.2M 0.09%
125,000
+75,000
+150% +$10M
ORLY icon
174
O'Reilly Automotive
ORLY
$76.3B
$17.1M 0.09%
242,445
– –
WELL icon
175
Welltower
WELL
$171B
$17.1M 0.09%
163,709
+12,100
+8% +$1.19M
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 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.