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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
SPY icon
1
State Street SPDR S&P 500 ETF Trust
SPY
$784B
$1.82B 9.03%
3,172,340
+70,600
+2% +$39M
NVDA icon
2
NVIDIA
NVDA
$4.72T
$1.06B 5.25%
8,714,660
-136,200
-2% -$16.1M
MSFT icon
3
Microsoft
MSFT
$3.35T
$1.05B 5.22%
2,447,267
-11,200
-0.5% -$4.79M
AAPL icon
4
Apple
AAPL
$4.9T
$1.05B 5.19%
4,487,625
+193,100
+4% +$43.1M
AMZN icon
5
Amazon
AMZN
$2.53T
$568M 2.82%
3,046,820
+35,900
+1% +$6.55M
META icon
6
Meta Platforms (Facebook)
META
$1.37T
$494M 2.45%
863,114
-5,200
-0.6% -$2.68M
T icon
7
AT&T
T
$159B
$441M 2.19%
20,061,613
-11,000
-0.1% -$219K
AGG icon
8
iShares Core US Aggregate Bond ETF
AGG
$138B
$419M 2.08%
4,135,000
-1,000,000
-19% -$99.8M
GOOGL icon
9
Alphabet (Google) Class A
GOOGL
$4.08T
$344M 1.7%
2,072,180
-13,000
-0.6% -$2.18M
AVGO icon
10
Broadcom
AVGO
$1.85T
$300M 1.49%
1,740,660
+75,000
+5% +$12M
MTUM icon
11
iShares MSCI USA Momentum Factor ETF
MTUM
$24.9B
$265M 1.32%
1,308,490
+14,900
+1% +$2.89M
LLY icon
12
Eli Lilly
LLY
$1.03T
$253M 1.26%
286,104
+9,200
+3% +$8.27M
GOOG icon
13
Alphabet (Google) Class C
GOOG
$4.08T
$249M 1.24%
1,490,560
+130,300
+10% +$22.1M
LQD icon
14
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$34.3B
$245M 1.22%
2,172,400
– –
CVS icon
15
CVS Health
CVS
$134B
$203M 1.01%
3,229,477
+1,223,800
+61% +$71.4M
TSLA icon
16
Tesla
TSLA
$1.22T
$198M 0.98%
755,657
-4,200
-0.6% -$958K
AMD icon
17
Advanced Micro Devices
AMD
$791B
$182M 0.9%
1,106,840
+61,400
+6% +$9.33M
JPM icon
18
JPMorgan Chase
JPM
$933B
$163M 0.81%
774,831
-11,600
-1% -$2.44M
BRK.B icon
19
Berkshire Hathaway Class B
BRK.B
$1.1T
$162M 0.8%
351,829
+3,700
+1% +$1.64M
V icon
20
Visa
V
$684B
$160M 0.79%
580,723
-1,200
-0.2% -$324K
COST icon
21
Costco
COST
$423B
$158M 0.78%
177,669
-700
-0.4% -$608K
UNH icon
22
UnitedHealth
UNH
$383B
$154M 0.76%
263,219
-500
-0.2% -$283K
XOM icon
23
ExxonMobil
XOM
$651B
$142M 0.7%
1,209,918
-18,600
-2% -$2.15M
MA icon
24
Mastercard
MA
$510B
$128M 0.63%
258,581
-19,000
-7% -$8.84M
IJH icon
25
iShares Core S&P Mid-Cap ETF
IJH
$122B
$123M 0.61%
1,981,010
-55,600
-3% -$3.35M
1
2 3 4 5

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
SAM
SEB Asset Management Stockholm $23.4B AUM

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.