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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
ROP icon
201
Roper Technologies
ROP
$39.8B
$15.1M 0.08%
29,111
-100
-0.3% -$54.9K
TSCO icon
202
Tractor Supply
TSCO
$18B
$15.1M 0.08%
284,435
+118,100
+71% +$6.67M
DLR icon
203
Digital Realty Trust
DLR
$71.7B
$15M 0.08%
84,581
+800
+1% +$142K
WDAY icon
204
Workday
WDAY
$44.4B
$14.9M 0.08%
+57,800
New +$14.8M
AFL icon
205
Aflac
AFL
$62.6B
$14.9M 0.08%
144,107
-2,400
-2% -$262K
HCA icon
206
HCA Healthcare
HCA
$89.5B
$14.9M 0.08%
49,509
-1,100
-2% -$384K
FCX icon
207
Freeport-McMoran
FCX
$97.5B
$14.9M 0.08%
390,033
-1,300
-0.3% -$58.2K
TRV icon
208
Travelers Companies
TRV
$80.2B
$14.9M 0.08%
61,653
-400
-0.6% -$99.9K
AZO icon
209
AutoZone
AZO
$51.1B
$14.7M 0.08%
4,606
– –
SHOP icon
210
Shopify
SHOP
$195B
$14.7M 0.08%
138,700
-21,300
-13% -$2.07M
ICLR icon
211
Icon
ICLR
$12.7B
$14.6M 0.08%
69,670
– –
F icon
212
Ford
F
$55.7B
$14.4M 0.08%
1,457,879
+51,700
+4% +$551K
NSC icon
213
Norfolk Southern
NSC
$75.1B
$14.4M 0.07%
61,390
-200
-0.3% -$50.9K
KMI icon
214
Kinder Morgan
KMI
$68.7B
$14.4M 0.07%
524,545
-1,300
-0.2% -$33.9K
CMI icon
215
Cummins
CMI
$88.7B
$14.3M 0.07%
40,937
-100
-0.2% -$35.1K
PSA icon
216
Public Storage
PSA
$61.3B
$14.1M 0.07%
47,121
+200
+0.4% +$66.4K
LULU icon
217
lululemon athletica
LULU
$14.6B
$14.1M 0.07%
36,808
+400
+1% +$131K
MET icon
218
MetLife
MET
$62.1B
$13.9M 0.07%
169,856
-2,700
-2% -$225K
TEL icon
219
TE Connectivity
TEL
$62.6B
$13.9M 0.07%
97,123
-1,100
-1% -$164K
ODFL icon
220
Old Dominion Freight Line
ODFL
$44.9B
$13.9M 0.07%
78,688
-700
-0.9% -$143K
ALL icon
221
Allstate
ALL
$67.5B
$13.9M 0.07%
71,889
– –
VST icon
222
Vistra
VST
$47.4B
$13.8M 0.07%
100,100
-500
-0.5% -$69.4K
GWW icon
223
W.W. Grainger
GWW
$60.2B
$13.7M 0.07%
13,017
-300
-2% -$338K
URI icon
224
United Rentals
URI
$72.4B
$13.7M 0.07%
19,454
-800
-4% -$650K
ROST icon
225
Ross Stores
ROST
$81.9B
$13.6M 0.07%
90,056
-800
-0.9% -$118K
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 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.