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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
ADSK icon
176
Autodesk
ADSK
$52.6B
$17.5M 0.09%
59,123
-400
-0.7% -$118K
MAR icon
177
Marriott International
MAR
$92.3B
$17.5M 0.09%
62,636
-1,000
-2% -$275K
NOC icon
178
Northrop Grumman
NOC
$81.2B
$17.5M 0.09%
37,218
-200
-0.5% -$101K
IDXX icon
179
Idexx Laboratories
IDXX
$46.2B
$16.9M 0.09%
40,955
-700
-2% -$307K
HIMS icon
180
Hims & Hers Health
HIMS
$7.31B
$16.9M 0.09%
700,000
– –
TGT icon
181
Target
TGT
$68B
$16.9M 0.09%
125,022
-1,000
-0.8% -$143K
CSX icon
182
CSX Corp
CSX
$93.1B
$16.9M 0.09%
523,384
-4,600
-0.9% -$158K
TFC icon
183
Truist Financial
TFC
$64B
$16.8M 0.09%
387,043
-3,800
-1% -$170K
SRE icon
184
Sempra
SRE
$54.8B
$16.8M 0.09%
191,320
-6,000
-3% -$525K
NXPI icon
185
NXP Semiconductors
NXPI
$60.4B
$16.7M 0.09%
80,368
-600
-0.7% -$136K
SLB icon
186
SLB Ltd
SLB
$75B
$16.7M 0.09%
434,438
-3,300
-0.8% -$139K
ECL icon
187
Ecolab
ECL
$79.9B
$16.6M 0.09%
70,740
+1,800
+3% +$447K
PCAR icon
188
PACCAR
PCAR
$70.1B
$16.5M 0.09%
158,366
+400
+0.3% +$43.8K
HLT icon
189
Hilton Worldwide
HLT
$71.5B
$16.3M 0.09%
66,123
-1,000
-1% -$245K
FTNT icon
190
Fortinet
FTNT
$117B
$16.3M 0.08%
172,670
-200
-0.1% -$17.8K
FDS icon
191
Factset
FDS
$10.2B
$16.2M 0.08%
33,635
– –
BNY
192
Bank of New York Mellon
BNY
$107B
$16M 0.08%
208,655
-5,800
-3% -$448K
OKE icon
193
Oneok
OKE
$54.5B
$15.9M 0.08%
158,581
-500
-0.3% -$51.1K
ARM icon
194
Arm
ARM
$302B
$15.8M 0.08%
128,200
– –
DHI icon
195
D.R. Horton
DHI
$42.3B
$15.6M 0.08%
111,799
+1,700
+2% +$284K
RCL icon
196
Royal Caribbean
RCL
$85.6B
$15.5M 0.08%
67,101
+2,600
+4% +$576K
CARR icon
197
Carrier Global
CARR
$52.8B
$15.5M 0.08%
226,425
-2,200
-1% -$166K
ABNB icon
198
Airbnb
ABNB
$107B
$15.4M 0.08%
117,500
-2,300
-2% -$310K
JCI icon
199
Johnson Controls International
JCI
$92.2B
$15.4M 0.08%
195,242
-2,900
-1% -$233K
AMP icon
200
Ameriprise Financial
AMP
$48.8B
$15.2M 0.08%
28,578
+400
+1% +$213K
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 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.