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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
ZTS icon
151
Zoetis
ZTS
$30B
$20.8M 0.11%
127,964
-2,600
-2% -$465K
PNC icon
152
PNC Financial Services
PNC
$101B
$20.8M 0.11%
107,656
-600
-0.6% -$118K
MMM icon
153
3M
MMM
$94.3B
$20.4M 0.11%
158,305
-900
-0.6% -$118K
REGN icon
154
Regeneron Pharmaceuticals
REGN
$80.8B
$20.4M 0.11%
28,621
-300
-1% -$252K
ITW icon
155
Illinois Tool Works
ITW
$84.5B
$20.2M 0.11%
79,836
-400
-0.5% -$106K
WELL icon
156
Welltower
WELL
$171B
$20.2M 0.11%
160,509
+2,900
+2% +$381K
CL icon
157
Colgate-Palmolive
CL
$74.4B
$20.2M 0.1%
221,729
-800
-0.4% -$76.3K
APO icon
158
Apollo Global Management
APO
$73.4B
$20M 0.1%
+121,300
New +$19.2M
WM icon
159
Waste Management
WM
$91B
$20M 0.1%
99,088
-400
-0.4% -$85.9K
COF icon
160
Capital One
COF
$134B
$19.8M 0.1%
110,756
-1,200
-1% -$208K
EW icon
161
Edwards Lifesciences
EW
$51.7B
$19.7M 0.1%
266,151
-6,700
-2% -$469K
FDX icon
162
FedEx
FDX
$75.4B
$19.6M 0.1%
69,667
-700
-1% -$195K
AJG icon
163
Arthur J. Gallagher & Co
AJG
$63.6B
$19.2M 0.1%
67,787
+8,100
+14% +$2.36M
EMR icon
164
Emerson Electric
EMR
$88.3B
$19.2M 0.1%
154,720
-1,200
-0.8% -$146K
CEG icon
165
Constellation Energy
CEG
$95.6B
$19M 0.1%
84,867
-300
-0.4% -$74.8K
EOG icon
166
EOG Resources
EOG
$70.7B
$18.7M 0.1%
152,652
-2,200
-1% -$281K
MELI icon
167
Mercado Libre
MELI
$92.3B
$18.7M 0.1%
11,000
– –
ORLY icon
168
O'Reilly Automotive
ORLY
$76.3B
$18.6M 0.1%
234,945
-1,500
-0.6% -$121K
GD icon
169
General Dynamics
GD
$106B
$18.4M 0.1%
70,012
-200
-0.3% -$57.6K
CTAS icon
170
Cintas
CTAS
$81.3B
$18.2M 0.09%
99,472
-600
-0.6% -$126K
IBB icon
171
iShares Biotechnology ETF
IBB
$9.71B
$18.1M 0.09%
137,000
– –
APD icon
172
Air Products & Chemicals
APD
$67.6B
$18.1M 0.09%
62,421
-800
-1% -$251K
SPG icon
173
Simon Property Group
SPG
$72.3B
$18M 0.09%
104,549
+5,400
+5% +$948K
WMB icon
174
Williams Companies
WMB
$86.1B
$17.9M 0.09%
330,821
-1,100
-0.3% -$59.3K
BDX icon
175
Becton Dickinson
BDX
$48.2B
$17.8M 0.09%
78,488
-200
-0.3% -$46.2K
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 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.