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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
+9.66%
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
$15.2B
AUM Growth
+$859M
Cap. Flow
-$148M
Cap. Flow %
-0.97%
Top 10 Hldgs %
31.98%
Holding
987
New
20
Increased
448
Reduced
393
Closed
19

Top Buys

Rank Stock Value
1
APO icon
Apollo Global Management
APO
+$65.3M
2
CRWD icon
CrowdStrike
CRWD
+$20.8M
3
HXL icon
Hexcel
HXL
+$17.1M
4
ZM icon
Zoom
ZM
+$14.4M
5
MTUM icon
iShares MSCI USA Momentum Factor ETF
MTUM
+$14.4M

Top Sells

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$99.9M
2
T icon
AT&T
T
+$92.3M
3
WBD icon
Warner Bros
WBD
+$71.2M
4
EPAM icon
EPAM Systems
EPAM
+$39.8M
5
MSCI icon
MSCI
MSCI
+$19.5M

Sector Composition

Rank Sector Weight
1 Technology 22.58%
2 Healthcare 11.64%
3 Financials 11.47%
4 Communication Services 9.03%
5 Consumer Discretionary 8.25%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SSYS icon
226
Stratasys
SSYS
$769M
$11.5M 0.08%
697,503
– –
MET icon
227
MetLife
MET
$61.7B
$11.5M 0.08%
198,756
+1,900
+1% +$128K
LHX icon
228
L3Harris
LHX
$54B
$11.5M 0.08%
58,530
+600
+1% +$123K
O icon
229
Realty Income
O
$58.6B
$11.4M 0.08%
180,604
+1,800
+1% +$117K
EXC icon
230
Exelon
EXC
$45.8B
$11.4M 0.08%
272,903
+2,800
+1% +$117K
WNS
231
DELISTED
WNS Holdings
WNS
$11.4M 0.07%
+121,900
New +$10.6M
ECL icon
232
Ecolab
ECL
$79.7B
$11.3M 0.07%
68,040
+700
+1% +$109K
ON icon
233
ON Semiconductor
ON
$31.1B
$11.2M 0.07%
136,436
+1,100
+0.8% +$83.6K
AJG icon
234
Arthur J. Gallagher & Co
AJG
$64.7B
$11.2M 0.07%
58,287
+1,000
+2% +$190K
XYZ
235
Block Inc
XYZ
$47.5B
$11.1M 0.07%
161,246
– –
FIS icon
236
Fidelity National Information Services
FIS
$21.9B
$11M 0.07%
203,225
+1,600
+0.8% +$104K
TRV icon
237
Travelers Companies
TRV
$78.3B
$10.9M 0.07%
63,453
-200
-0.3% -$36.4K
PAYX icon
238
Paychex
PAYX
$43.1B
$10.8M 0.07%
94,077
+900
+1% +$102K
SYY icon
239
Sysco
SYY
$40.1B
$10.8M 0.07%
139,417
+1,700
+1% +$130K
KR icon
240
Kroger
KR
$34.6B
$10.8M 0.07%
218,087
+1,800
+0.8% +$82.3K
DVN icon
241
Devon Energy
DVN
$49.9B
$10.7M 0.07%
211,291
+1,800
+0.9% +$102K
NEM icon
242
Newmont
NEM
$124B
$10.7M 0.07%
217,945
+2,200
+1% +$107K
DOW icon
243
Dow Inc
DOW
$22.1B
$10.6M 0.07%
193,611
+2,300
+1% +$129K
KHC icon
244
Kraft Heinz
KHC
$29.6B
$10.6M 0.07%
273,839
+2,200
+0.8% +$87.1K
CMI icon
245
Cummins
CMI
$87.4B
$10.5M 0.07%
44,037
+500
+1% +$122K
CARR icon
246
Carrier Global
CARR
$52.3B
$10.5M 0.07%
229,125
+1,800
+0.8% +$80.6K
CNC icon
247
Centene
CNC
$32.9B
$10.5M 0.07%
165,427
-2,600
-2% -$185K
LEN icon
248
Lennar Class A
LEN
$20.6B
$10.4M 0.07%
102,282
– –
AMRS
249
DELISTED
Amyris Inc.
AMRS
$10.4M 0.07%
7,645,000
– –
GPN icon
250
Global Payments
GPN
$22.8B
$10.4M 0.07%
98,578
-1,300
-1% -$141K
8 9
10
11 12

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
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
DSA
Davis Selected Advisers Tucson, Arizona $21.8B AUM 23.45% 1-Year Est. Return
CHP
Castle Hook Partners New York $23.4B AUM 158.96% 1-Year Est. Return
IC
IEQ Capital Foster City, California $21.5B AUM 75.26% 1-Year Est. Return

State of Michigan Retirement System's Q1 2023 Portfolio in Review

As of Q1 2023, State of Michigan Retirement System held 987 positions worth $15.2B, up 6% from $14.4B the previous quarter. Its ten largest holdings account for 32% of the portfolio.

Trading was light in Q1 2023: portfolio turnover was 4%. State of Michigan Retirement System opened 20 new positions and exited 19, leaving the 987-position portfolio largely intact.

By sector, the portfolio is most concentrated in Technology at 23% of assets, up from 20% a quarter earlier, followed by Healthcare and Financials.

  • State of Michigan Retirement System's largest Q1 2023 buy was CrowdStrike: 720,800 shares worth $24.7M.
  • State of Michigan Retirement System added most to Apollo Global Management in Q1 2023, an estimated $65.3M increase.
  • State of Michigan Retirement System's biggest Q1 2023 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $99.9M.
  • State of Michigan Retirement System fully exited SVB Financial Group in Q1 2023, selling an estimated $3.94M.
  • State of Michigan Retirement System's ten largest holdings make up 32% of its $15.2B portfolio in Q1 2023.
  • State of Michigan Retirement System opened 20 new positions and closed 19 in Q1 2023.
  • State of Michigan Retirement System's portfolio value rose 6% quarter-over-quarter to $15.2B.

Based on State of Michigan Retirement System's 13F filing for Q1 2023, filed 28 Apr 2023.