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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
HLT icon
201
Hilton Worldwide
HLT
$70.7B
$15.5M 0.08%
67,123
-1,400
-2% -$303K
FDS icon
202
Factset
FDS
$10.2B
$15.5M 0.08%
33,635
-100
-0.3% -$42.5K
BNY
203
Bank of New York Mellon
BNY
$108B
$15.4M 0.08%
214,455
-3,900
-2% -$257K
JCI icon
204
Johnson Controls International
JCI
$92B
$15.4M 0.08%
198,142
-2,500
-1% -$175K
NSC icon
205
Norfolk Southern
NSC
$75.5B
$15.3M 0.08%
61,590
-300
-0.5% -$71.9K
ABNB icon
206
Airbnb
ABNB
$109B
$15.2M 0.08%
119,800
-1,100
-0.9% -$143K
WMB icon
207
Williams Companies
WMB
$86.8B
$15.2M 0.08%
331,921
-1,900
-0.6% -$83.5K
O icon
208
Realty Income
O
$58.1B
$15M 0.07%
237,148
-1,300
-0.5% -$77.4K
PSX icon
209
Phillips 66
PSX
$83.9B
$15M 0.07%
114,012
-2,100
-2% -$284K
AEP icon
210
American Electric Power
AEP
$67B
$14.9M 0.07%
144,958
+600
+0.4% +$58.6K
F icon
211
Ford
F
$55.4B
$14.8M 0.07%
1,406,179
-10,700
-0.8% -$122K
MPC icon
212
Marathon Petroleum
MPC
$87.2B
$14.8M 0.07%
91,110
-5,400
-6% -$913K
TEL icon
213
TE Connectivity
TEL
$62.6B
$14.8M 0.07%
98,223
-1,100
-1% -$165K
TRV icon
214
Travelers Companies
TRV
$79.3B
$14.5M 0.07%
62,053
-700
-1% -$154K
AZO icon
215
AutoZone
AZO
$50.3B
$14.5M 0.07%
4,606
-100
-2% -$307K
OKE icon
216
Oneok
OKE
$55.6B
$14.5M 0.07%
159,081
-800
-0.5% -$69.6K
D icon
217
Dominion Energy
D
$59B
$14.3M 0.07%
246,767
-1,100
-0.4% -$60.1K
MET icon
218
MetLife
MET
$62.3B
$14.2M 0.07%
172,556
-3,400
-2% -$254K
CCI icon
219
Crown Castle
CCI
$31.6B
$14M 0.07%
118,352
-600
-0.5% -$66.1K
AIG icon
220
American International
AIG
$41B
$13.9M 0.07%
190,067
-6,400
-3% -$477K
GWW icon
221
W.W. Grainger
GWW
$60.9B
$13.8M 0.07%
13,317
+100
+0.8% +$96.8K
PEG icon
222
Public Service Enterprise Group
PEG
$37.2B
$13.8M 0.07%
154,966
-700
-0.4% -$55.9K
ROST icon
223
Ross Stores
ROST
$81.9B
$13.7M 0.07%
90,856
-1,000
-1% -$148K
ALL icon
224
Allstate
ALL
$68.5B
$13.6M 0.07%
71,889
-400
-0.6% -$71K
DLR icon
225
Digital Realty Trust
DLR
$70.8B
$13.6M 0.07%
83,781
-5,100
-6% -$782K
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 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.