We are live on ! Find out more
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
DXCM icon
201
DexCom
DXCM
$33B
$14.6M 0.08%
105,600
-200
-0.2% -$25.1K
NUE icon
202
Nucor
NUE
$62.4B
$14.6M 0.08%
73,910
+100
+0.1% +$18.3K
SRE icon
203
Sempra
SRE
$55.4B
$14.5M 0.08%
201,620
+100
+0% +$7.17K
TRV icon
204
Travelers Companies
TRV
$79.1B
$14.4M 0.08%
62,553
– –
MCHP icon
205
Microchip Technology
MCHP
$44.5B
$14.3M 0.08%
159,618
-100
-0.1% -$8.62K
TEL icon
206
TE Connectivity
TEL
$62.5B
$14.3M 0.08%
98,123
-400
-0.4% -$56K
WELL icon
207
Welltower
WELL
$170B
$14.2M 0.08%
151,609
+100
+0.1% +$9.05K
PSA icon
208
Public Storage
PSA
$60B
$13.9M 0.07%
48,021
– –
BABA icon
209
Alibaba
BABA
$313B
$13.7M 0.07%
189,250
– –
GWW icon
210
W.W. Grainger
GWW
$60.9B
$13.5M 0.07%
13,317
– –
ROST icon
211
Ross Stores
ROST
$82.2B
$13.5M 0.07%
92,256
-500
-0.5% -$71.6K
MET icon
212
MetLife
MET
$62.2B
$13.5M 0.07%
181,956
-2,000
-1% -$139K
JCI icon
213
Johnson Controls International
JCI
$92B
$13.4M 0.07%
204,642
+500
+0.2% +$29.1K
CARR icon
214
Carrier Global
CARR
$52.6B
$13.3M 0.07%
228,925
-800
-0.3% -$44.9K
AFL icon
215
Aflac
AFL
$62.3B
$13.3M 0.07%
154,507
-1,400
-0.9% -$115K
FTNT icon
216
Fortinet
FTNT
$122B
$13.3M 0.07%
193,970
+200
+0.1% +$13.3K
CNC icon
217
Centene
CNC
$33B
$13M 0.07%
165,527
+200
+0.1% +$15.4K
WMB icon
218
Williams Companies
WMB
$86.7B
$13M 0.07%
333,321
+300
+0.1% +$10.7K
FIS icon
219
Fidelity National Information Services
FIS
$21.9B
$13M 0.07%
174,625
+100
+0.1% +$6.51K
AMP icon
220
Ameriprise Financial
AMP
$49.6B
$12.9M 0.07%
29,478
-200
-0.7% -$80.1K
BNY
221
Bank of New York Mellon
BNY
$108B
$12.9M 0.07%
223,855
-2,500
-1% -$138K
OKE icon
222
Oneok
OKE
$55.6B
$12.8M 0.07%
159,581
+100
+0.1% +$7.3K
IQV icon
223
IQVIA
IQV
$39.6B
$12.6M 0.07%
49,994
-100
-0.2% -$23.3K
MNST icon
224
Monster Beverage
MNST
$90.3B
$12.6M 0.07%
213,216
+200
+0.1% +$11.5K
PRU icon
225
Prudential Financial
PRU
$42.1B
$12.6M 0.07%
107,455
+100
+0.1% +$10.8K
7 8
9
10 11

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
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
CHP
Castle Hook Partners New York $23.4B AUM 158.96% 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.