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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
+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
(+3.6%)
Cap. Flow
-$325M
Cap. Flow
% of AUM
-1.61%
Top 10 Holdings %
Top 10 Hldgs %
37.4%
Holding
964
New
14
Increased
120
Reduced
748
Closed
14
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
CVS Health
CVS
|
+$71.4M |
| 2 |
Apple
AAPL
|
+$43.1M |
| 3 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$39M |
| 4 |
Burlington
BURL
|
+$28.1M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$22.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Bristol-Myers Squibb
BMY
|
+$190M |
| 2 |
NextEra Energy
NEE
|
+$109M |
| 3 |
iShares Core US Aggregate Bond ETF
AGG
|
+$99.8M |
| 4 |
CrowdStrike
CRWD
|
+$66.3M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
151
Idexx Laboratories
IDXX
$46.2B
| $21M | 0.1% |
41,655
-200
| -0.5% | -$97.2K |
|
152
Illinois Tool Works
ITW
$84.5B
| $21M | 0.1% |
80,236
-800
| -1% | -$197K |
|
153
D.R. Horton
DHI
$42.3B
| $21M | 0.1% |
110,099
-1,200
| -1% | -$211K |
|
154
Waste Management
WM
$91B
| $20.7M | 0.1% |
99,488
-500
| -0.5% | -$104K |
|
155
Cintas
CTAS
$81.3B
| $20.6M | 0.1% |
100,072
-1,300
| -1% | -$251K |
|
156
HCA Healthcare
HCA
$89.5B
| $20.6M | 0.1% |
50,609
-2,500
| -5% | -$915K |
|
157
Aon
AON
$76B
| $20.5M | 0.1% |
59,158
-400
| -0.7% | -$131K |
|
158
US Bancorp
USB
$99.6B
| $20.4M | 0.1% |
446,482
-2,400
| -0.5% | -$105K |
|
159
Motorola Solutions
MSI
$77.4B
| $20.4M | 0.1% |
45,408
-300
| -0.7% | -$125K |
|
160
Copart
CPRT
$27.5B
| $20.2M | 0.1% |
385,308
-1,100
| -0.3% | -$57.1K |
|
161
Welltower
WELL
$171B
| $20.2M | 0.1% |
157,609
-6,100
| -4% | -$712K |
|
162
General Motors
GM
$76.8B
| $20.1M | 0.1% |
447,808
-6,400
| -1% | -$297K |
|
163
Icon
ICLR
$12.7B
| $20M | 0.1% |
69,670
| – | – |
|
164
PNC Financial Services
PNC
$101B
| $20M | 0.1% |
108,256
-700
| -0.6% | -$123K |
|
165
iShares Biotechnology ETF
IBB
$9.71B
| $19.9M | 0.1% |
137,000
+12,000
| +10% | +$1.74M |
|
166
Northrop Grumman
NOC
$81.2B
| $19.8M | 0.1% |
37,418
-700
| -2% | -$343K |
|
167
Target
TGT
$68B
| $19.6M | 0.1% |
126,022
-700
| -0.6% | -$104K |
|
168
Freeport-McMoran
FCX
$97.5B
| $19.5M | 0.1% |
391,333
-2,100
| -0.5% | -$94.6K |
|
169
NXP Semiconductors
NXPI
$60.4B
| $19.4M | 0.1% |
80,968
-600
| -0.7% | -$150K |
|
170
FedEx
FDX
$75.4B
| $19.3M | 0.1% |
70,367
-600
| -0.8% | -$174K |
|
171
GE Vernova
GEV
$264B
| $19.1M | 0.09% |
74,840
-200
| -0.3% | -$38.4K |
|
172
EOG Resources
EOG
$70.7B
| $19M | 0.09% |
154,852
-2,500
| -2% | -$314K |
|
173
Becton Dickinson
BDX
$48.2B
| $19M | 0.09% |
78,688
-500
| -0.6% | -$117K |
|
174
Air Products & Chemicals
APD
$67.6B
| $18.8M | 0.09% |
63,221
-400
| -0.6% | -$109K |
|
175
Carrier Global
CARR
$52.8B
| $18.4M | 0.09% |
228,625
-900
| -0.4% | -$62.7K |
|
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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.