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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
HCA icon
176
HCA Healthcare
HCA
$89.5B
$17.1M 0.09%
53,109
-1,200
-2% -$390K
PNC icon
177
PNC Financial Services
PNC
$101B
$16.9M 0.09%
108,956
-100
-0.1% -$15.5K
MPC icon
178
Marathon Petroleum
MPC
$83.7B
$16.7M 0.09%
96,510
-4,300
-4% -$800K
PYPL icon
179
PayPal
PYPL
$50.5B
$16.6M 0.09%
286,492
-7,200
-2% -$458K
NOC icon
180
Northrop Grumman
NOC
$81.2B
$16.6M 0.09%
38,118
-500
-1% -$228K
ECL icon
181
Ecolab
ECL
$79.9B
$16.6M 0.09%
69,640
+100
+0.1% +$23.1K
ROP icon
182
Roper Technologies
ROP
$39.8B
$16.5M 0.08%
29,311
– –
MMM icon
183
3M
MMM
$94.3B
$16.5M 0.08%
161,105
-41,623
-21% -$4.06M
APD icon
184
Air Products & Chemicals
APD
$67.6B
$16.4M 0.08%
63,621
-400
-0.6% -$101K
PSX icon
185
Phillips 66
PSX
$81.4B
$16.4M 0.08%
116,112
-1,700
-1% -$252K
PCAR icon
186
PACCAR
PCAR
$70.1B
$16.3M 0.08%
158,766
+800
+0.5% +$88.2K
VLO icon
187
Valero Energy
VLO
$85.9B
$16M 0.08%
101,962
-4,200
-4% -$678K
SPG icon
188
Simon Property Group
SPG
$72.3B
$15.9M 0.08%
104,949
+3,300
+3% +$486K
MAR icon
189
Marriott International
MAR
$92.3B
$15.9M 0.08%
65,736
-1,900
-3% -$456K
DHI icon
190
D.R. Horton
DHI
$42.3B
$15.7M 0.08%
111,299
-5,600
-5% -$823K
COF icon
191
Capital One
COF
$134B
$15.6M 0.08%
112,656
-1,400
-1% -$196K
XYZ
192
Block Inc
XYZ
$47.5B
$15.6M 0.08%
241,246
– –
AJG icon
193
Arthur J. Gallagher & Co
AJG
$63.6B
$15.5M 0.08%
59,887
+500
+0.8% +$124K
TFC icon
194
Truist Financial
TFC
$64B
$15.3M 0.08%
392,543
-1,800
-0.5% -$68K
SRE icon
195
Sempra
SRE
$54.8B
$15.1M 0.08%
198,220
-3,400
-2% -$251K
HLT icon
196
Hilton Worldwide
HLT
$71.5B
$15M 0.08%
68,523
-600
-0.9% -$123K
TEL icon
197
TE Connectivity
TEL
$62.6B
$14.9M 0.08%
99,323
+1,200
+1% +$176K
ADSK icon
198
Autodesk
ADSK
$52.6B
$14.7M 0.08%
59,423
– –
AIG icon
199
American International
AIG
$41.3B
$14.6M 0.08%
196,467
-14,000
-7% -$1.07M
CARR icon
200
Carrier Global
CARR
$52.8B
$14.5M 0.07%
229,525
+600
+0.3% +$36.8K
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
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.