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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
WMB icon
201
Williams Companies
WMB
$86.1B
$14.2M 0.07%
333,821
+500
+0.2% +$20.1K
AZO icon
202
AutoZone
AZO
$51.1B
$13.9M 0.07%
4,706
– –
FDS icon
203
Factset
FDS
$10.2B
$13.8M 0.07%
33,735
-100
-0.3% -$42.5K
PSA icon
204
Public Storage
PSA
$61.3B
$13.6M 0.07%
47,321
-700
-1% -$193K
ODFL icon
205
Old Dominion Freight Line
ODFL
$44.9B
$13.6M 0.07%
76,788
-600
-0.8% -$113K
MCHP icon
206
Microchip Technology
MCHP
$46B
$13.5M 0.07%
148,018
-11,600
-7% -$1.06M
DLR icon
207
Digital Realty Trust
DLR
$71.7B
$13.5M 0.07%
88,881
+5,900
+7% +$847K
AFL icon
208
Aflac
AFL
$62.6B
$13.5M 0.07%
150,807
-3,700
-2% -$318K
ROST icon
209
Ross Stores
ROST
$81.9B
$13.3M 0.07%
91,856
-400
-0.4% -$55.3K
JCI icon
210
Johnson Controls International
JCI
$92.2B
$13.3M 0.07%
200,642
-4,000
-2% -$269K
LEN icon
211
Lennar Class A
LEN
$21.2B
$13.3M 0.07%
91,849
-2,169
-2% -$330K
NSC icon
212
Norfolk Southern
NSC
$75.1B
$13.3M 0.07%
61,890
– –
NEM icon
213
Newmont
NEM
$119B
$13.2M 0.07%
315,845
+100
+0% +$4.09K
URI icon
214
United Rentals
URI
$72.4B
$13.2M 0.07%
20,354
-700
-3% -$465K
BNY
215
Bank of New York Mellon
BNY
$107B
$13.1M 0.07%
218,355
-5,500
-2% -$318K
OKE icon
216
Oneok
OKE
$54.5B
$13M 0.07%
159,881
+300
+0.2% +$24K
PLTR icon
217
Palantir
PLTR
$413B
$13M 0.07%
513,000
– –
GEV icon
218
GE Vernova
GEV
$264B
$12.9M 0.07%
+75,040
New +$11.9M
LHX icon
219
L3Harris
LHX
$53.4B
$12.8M 0.07%
56,830
-300
-0.5% -$64.8K
TRV icon
220
Travelers Companies
TRV
$80.2B
$12.8M 0.07%
62,753
+200
+0.3% +$43K
KMB icon
221
Kimberly-Clark
KMB
$36.5B
$12.7M 0.07%
92,216
-100
-0.1% -$13.4K
AEP icon
222
American Electric Power
AEP
$68.4B
$12.7M 0.07%
144,358
+300
+0.2% +$26.2K
O icon
223
Realty Income
O
$59.1B
$12.6M 0.06%
238,448
+10,600
+5% +$566K
PRU icon
224
Prudential Financial
PRU
$41.8B
$12.5M 0.06%
106,355
-1,100
-1% -$127K
MET icon
225
MetLife
MET
$62.1B
$12.4M 0.06%
175,956
-6,000
-3% -$428K
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
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.