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SOMRS

State of Michigan Retirement System Portfolio holdings

AUM $18.9B
1-Year Est. Return 27.96%
This Fund
S&P 500
This Quarter Est. Return
+4.91%
1 Year Est. Return
+27.96%
3 Year Est. Return
+96.72%
5 Year Est. Return
+118.4%
10 Year Est. Return
+412.12%
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
SPY icon
1
State Street SPDR S&P 500 ETF Trust
SPY
$771B
$1.69B 8.68%
3,101,740
-40,100
-1% -$21M
MSFT icon
2
Microsoft
MSFT
$2.9T
$1.1B 5.65%
2,458,467
-29,260
-1% -$12.4M
NVDA icon
3
NVIDIA
NVDA
$4.6T
$1.09B 5.62%
8,850,860
-204,200
-2% -$20.6M
AAPL icon
4
Apple
AAPL
$4.97T
$905M 4.65%
4,294,525
-15,600
-0.4% -$2.91M
AMZN icon
5
Amazon
AMZN
$2.44T
$582M 2.99%
3,010,920
+23,500
+0.8% +$4.32M
AGG icon
6
iShares Core US Aggregate Bond ETF
AGG
$138B
$498M 2.56%
+5,135,000
New +$496M
META icon
7
Meta Platforms (Facebook)
META
$1.49T
$438M 2.25%
868,314
+4,700
+0.5% +$2.28M
T icon
8
AT&T
T
$164B
$384M 1.97%
20,072,613
+1,662,100
+9% +$28.9M
GOOGL icon
9
Alphabet (Google) Class A
GOOGL
$4.12T
$380M 1.95%
2,085,180
-8,200
-0.4% -$1.38M
AVGO icon
10
Broadcom
AVGO
$1.76T
$267M 1.37%
1,665,660
-79,000
-5% -$11.1M
MTUM icon
11
iShares MSCI USA Momentum Factor ETF
MTUM
$23.6B
$252M 1.3%
1,293,590
-107,650
-8% -$20.1M
LLY icon
12
Eli Lilly
LLY
$1.08T
$251M 1.29%
276,904
+7,200
+3% +$5.76M
GOOG icon
13
Alphabet (Google) Class C
GOOG
$4.11T
$249M 1.28%
1,360,260
-15,800
-1% -$2.69M
LQD icon
14
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$34.3B
$233M 1.2%
2,172,400
– –
NEE icon
15
NextEra Energy
NEE
$185B
$199M 1.02%
2,812,698
+500
+0% +$35.5K
BMY icon
16
Bristol-Myers Squibb
BMY
$129B
$198M 1.02%
4,767,133
+2,842,400
+148% +$127M
AMD icon
17
Advanced Micro Devices
AMD
$700B
$170M 0.87%
1,045,440
+132,300
+14% +$21.3M
JPM icon
18
JPMorgan Chase
JPM
$916B
$159M 0.82%
786,431
-5,700
-0.7% -$1.11M
V icon
19
Visa
V
$677B
$153M 0.79%
581,923
-3,600
-0.6% -$987K
COST icon
20
Costco
COST
$432B
$152M 0.78%
178,369
+20,400
+13% +$15.9M
TSLA icon
21
Tesla
TSLA
$1.18T
$150M 0.77%
759,857
+700
+0.1% +$122K
BRK.B icon
22
Berkshire Hathaway Class B
BRK.B
$1.1T
$142M 0.73%
348,129
-20,520
-6% -$8.38M
XOM icon
23
ExxonMobil
XOM
$650B
$141M 0.73%
1,228,518
+140,444
+13% +$16.4M
UNH icon
24
UnitedHealth
UNH
$382B
$134M 0.69%
263,719
+1,300
+0.5% +$637K
MA icon
25
Mastercard
MA
$498B
$122M 0.63%
277,581
-48,400
-15% -$22M
1
2 3 4 5

Similar funds

BPA
Beacon Pointe Advisors Newport Beach, California $18.9B AUM 18.9% 1-Year Est. Return
NAM
Nissay Asset Management Tokyo, Japan $18.9B AUM 27.21% 1-Year Est. Return
JAM
Jupiter Asset Management London, United Kingdom $18.8B AUM 29.2% 1-Year Est. Return
LF
Lansforsakringar Fondforvaltning Stockholm, Sweden $19.1B AUM 26.9% 1-Year Est. Return
A
AustralianSuper Melbourne, Australia $19.2B AUM 31.95% 1-Year Est. Return
BBHC
Brown Brothers Harriman & Co New York $18.6B AUM 15.81% 1-Year Est. Return
CS
Candriam SCA Strassen, Luxembourg, Luxembourg $19.3B AUM 39.18% 1-Year Est. Return
PCM
Pentwater Capital Management Naples, Florida $19.3B AUM 58.13% 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.