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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
Cap. Flow
-$325M
Cap. Flow %
-1.61%
Top 10 Hldgs %
37.4%
Holding
964
New
14
Increased
120
Reduced
748
Closed
14

Top Buys

Rank Stock Value
1
CVS icon
CVS Health
CVS
+$71.4M
2
AAPL icon
Apple
AAPL
+$43.1M
3
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$39M
4
BURL icon
Burlington
BURL
+$28.1M
5
GOOG icon
Alphabet (Google) Class C
GOOG
+$22.1M

Top Sells

Rank Stock Value
1
BMY icon
Bristol-Myers Squibb
BMY
+$190M
2
NEE icon
NextEra Energy
NEE
+$109M
3
AGG icon
iShares Core US Aggregate Bond ETF
AGG
+$99.8M
4
CRWD icon
CrowdStrike
CRWD
+$66.3M
5
VZ icon
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
MRNA icon
176
Moderna
MRNA
$23.6B
$18.4M 0.09%
275,048
+800
+0.3% +$73.4K
SLB icon
177
SLB Ltd
SLB
$75B
$18.4M 0.09%
437,738
-4,700
-1% -$209K
ARM icon
178
Arm
ARM
$302B
$18.3M 0.09%
128,200
– –
CSX icon
179
CSX Corp
CSX
$93.1B
$18.2M 0.09%
527,984
-7,400
-1% -$251K
ORLY icon
180
O'Reilly Automotive
ORLY
$76.3B
$18.2M 0.09%
236,445
-6,000
-2% -$441K
EW icon
181
Edwards Lifesciences
EW
$51.7B
$18M 0.09%
272,851
-1,000
-0.4% -$72.7K
CRWD icon
182
CrowdStrike
CRWD
$218B
$17.6M 0.09%
251,600
-933,200
-79% -$66.3M
ECL icon
183
Ecolab
ECL
$79.9B
$17.6M 0.09%
68,940
-700
-1% -$171K
PSA icon
184
Public Storage
PSA
$61.3B
$17.1M 0.08%
46,921
-400
-0.8% -$130K
EMR icon
185
Emerson Electric
EMR
$88.3B
$17.1M 0.08%
155,920
-800
-0.5% -$86.1K
AJG icon
186
Arthur J. Gallagher & Co
AJG
$63.6B
$16.8M 0.08%
59,687
-200
-0.3% -$56.4K
COF icon
187
Capital One
COF
$134B
$16.8M 0.08%
111,956
-700
-0.6% -$99.7K
SPG icon
188
Simon Property Group
SPG
$72.3B
$16.8M 0.08%
99,149
-5,800
-6% -$918K
TFC icon
189
Truist Financial
TFC
$64B
$16.7M 0.08%
390,843
-1,700
-0.4% -$71.8K
NEM icon
190
Newmont
NEM
$119B
$16.7M 0.08%
312,445
-3,400
-1% -$169K
LEN icon
191
Lennar Class A
LEN
$21.2B
$16.7M 0.08%
91,849
– –
SRE icon
192
Sempra
SRE
$54.8B
$16.5M 0.08%
197,320
-900
-0.5% -$72K
URI icon
193
United Rentals
URI
$72.4B
$16.4M 0.08%
20,254
-100
-0.5% -$71.9K
ADSK icon
194
Autodesk
ADSK
$52.6B
$16.4M 0.08%
59,523
+100
+0.2% +$25.2K
AFL icon
195
Aflac
AFL
$62.6B
$16.4M 0.08%
146,507
-4,300
-3% -$437K
ROP icon
196
Roper Technologies
ROP
$39.8B
$16.3M 0.08%
29,211
-100
-0.3% -$55K
XYZ
197
Block Inc
XYZ
$47.5B
$16.2M 0.08%
241,246
– –
MAR icon
198
Marriott International
MAR
$92.3B
$15.8M 0.08%
63,636
-2,100
-3% -$489K
ODFL icon
199
Old Dominion Freight Line
ODFL
$44.9B
$15.8M 0.08%
79,388
+2,600
+3% +$506K
PCAR icon
200
PACCAR
PCAR
$70.1B
$15.6M 0.08%
157,966
-800
-0.5% -$78.2K
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 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.