We are live on ! Find out more
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
SPY icon
1
State Street SPDR S&P 500 ETF Trust
SPY
$784B
$1.27B 6.6%
2,164,640
-1,007,700
-32% -$594M
NVDA icon
2
NVIDIA
NVDA
$4.72T
$1.14B 5.91%
8,459,560
-255,100
-3% -$35.2M
AAPL icon
3
Apple
AAPL
$4.9T
$1.13B 5.88%
4,512,899
+25,274
+0.6% +$5.96M
MSFT icon
4
Microsoft
MSFT
$3.35T
$989M 5.14%
2,346,867
-100,400
-4% -$42.8M
AMZN icon
5
Amazon
AMZN
$2.53T
$691M 3.59%
3,147,820
+101,000
+3% +$20.7M
META icon
6
Meta Platforms (Facebook)
META
$1.37T
$502M 2.61%
856,814
-6,300
-0.7% -$3.7M
AVGO icon
7
Broadcom
AVGO
$1.85T
$404M 2.1%
1,740,660
– –
GOOGL icon
8
Alphabet (Google) Class A
GOOGL
$4.08T
$387M 2.01%
2,044,880
-27,300
-1% -$4.78M
TSLA icon
9
Tesla
TSLA
$1.22T
$306M 1.59%
757,957
+2,300
+0.3% +$740K
GOOG icon
10
Alphabet (Google) Class C
GOOG
$4.08T
$288M 1.5%
1,514,360
+23,800
+2% +$4.2M
MTUM icon
11
iShares MSCI USA Momentum Factor ETF
MTUM
$24.9B
$267M 1.39%
1,290,890
-17,600
-1% -$3.69M
LQD icon
12
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$34.3B
$232M 1.21%
2,172,400
– –
LLY icon
13
Eli Lilly
LLY
$1.03T
$213M 1.11%
275,904
-10,200
-4% -$8.45M
T icon
14
AT&T
T
$159B
$193M 1%
8,465,313
-11,596,300
-58% -$261M
V icon
15
Visa
V
$673B
$188M 0.98%
595,423
+14,700
+3% +$4.42M
JPM icon
16
JPMorgan Chase
JPM
$933B
$183M 0.95%
764,131
-10,700
-1% -$2.49M
CVS icon
17
CVS Health
CVS
$134B
$161M 0.84%
3,584,177
+354,700
+11% +$19.9M
COST icon
18
Costco
COST
$423B
$160M 0.83%
175,069
-2,600
-1% -$2.41M
BRK.B icon
19
Berkshire Hathaway Class B
BRK.B
$1.1T
$156M 0.81%
345,229
-6,600
-2% -$3.05M
NFLX icon
20
Netflix
NFLX
$305B
$144M 0.75%
1,612,490
+51,000
+3% +$4.2M
MA icon
21
Mastercard
MA
$510B
$135M 0.7%
257,281
-1,300
-0.5% -$673K
UNH icon
22
UnitedHealth
UNH
$383B
$131M 0.68%
259,919
-3,300
-1% -$1.88M
XOM icon
23
ExxonMobil
XOM
$651B
$128M 0.67%
1,192,918
-17,000
-1% -$1.99M
IJH icon
24
iShares Core S&P Mid-Cap ETF
IJH
$122B
$128M 0.67%
2,054,510
+73,500
+4% +$4.71M
AMD icon
25
Advanced Micro Devices
AMD
$791B
$117M 0.61%
969,540
-137,300
-12% -$19.8M
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 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.