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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
CTAS icon
176
Cintas
CTAS
$81.1B
$17.4M 0.09%
101,372
-400
-0.4% -$61.6K
MAR icon
177
Marriott International
MAR
$90.9B
$17.1M 0.09%
67,636
+100
+0.1% +$24.2K
COF icon
178
Capital One
COF
$134B
$17M 0.09%
114,056
– –
ODFL icon
179
Old Dominion Freight Line
ODFL
$44.1B
$17M 0.09%
77,388
– –
MCO icon
180
Moody's
MCO
$82.8B
$16.9M 0.09%
43,106
– –
PXD
181
DELISTED
Pioneer Natural Resource Co.
PXD
$16.8M 0.09%
63,977
+100
+0.2% +$23.4K
MELI icon
182
Mercado Libre
MELI
$92.5B
$16.6M 0.09%
11,000
– –
AIG icon
183
American International
AIG
$40.7B
$16.5M 0.09%
210,467
+100
+0% +$7.14K
CELH icon
184
Celsius Holdings
CELH
$6.89B
$16.5M 0.09%
198,400
-17,200
-8% -$1.18M
ROP icon
185
Roper Technologies
ROP
$39.9B
$16.4M 0.09%
29,311
+100
+0.3% +$54.6K
CEG icon
186
Constellation Energy
CEG
$95.8B
$16.2M 0.09%
87,467
– –
MSI icon
187
Motorola Solutions
MSI
$76.5B
$16.2M 0.09%
45,508
+100
+0.2% +$32.9K
ECL icon
188
Ecolab
ECL
$79.7B
$16.1M 0.09%
69,540
+100
+0.1% +$21.2K
SPG icon
189
Simon Property Group
SPG
$71.5B
$15.9M 0.09%
101,649
– –
NSC icon
190
Norfolk Southern
NSC
$75B
$15.8M 0.08%
61,890
– –
LEN icon
191
Lennar Class A
LEN
$20.6B
$15.7M 0.08%
94,018
– –
APD icon
192
Air Products & Chemicals
APD
$68.6B
$15.5M 0.08%
64,021
+100
+0.2% +$24.5K
ADSK icon
193
Autodesk
ADSK
$54.1B
$15.5M 0.08%
59,423
+100
+0.2% +$25.3K
FDS icon
194
Factset
FDS
$10.1B
$15.4M 0.08%
33,835
– –
TFC icon
195
Truist Financial
TFC
$63.4B
$15.4M 0.08%
394,343
+300
+0.1% +$11K
URI icon
196
United Rentals
URI
$70.8B
$15.2M 0.08%
21,054
-200
-0.9% -$128K
AJG icon
197
Arthur J. Gallagher & Co
AJG
$64.7B
$14.8M 0.08%
59,387
+300
+0.5% +$72.1K
AZO icon
198
AutoZone
AZO
$50.1B
$14.8M 0.08%
4,706
-100
-2% -$286K
HLT icon
199
Hilton Worldwide
HLT
$70B
$14.7M 0.08%
69,123
-1,100
-2% -$216K
LULU icon
200
lululemon athletica
LULU
$14.5B
$14.7M 0.08%
37,708
– –
6 7
8
9 10

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
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
DSA
Davis Selected Advisers Tucson, Arizona $21.8B AUM 23.45% 1-Year Est. Return
CHP
Castle Hook Partners New York $23.4B AUM 158.96% 1-Year Est. Return
IC
IEQ Capital Foster City, California $21.5B AUM 75.26% 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.