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
+9.1%
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
$16.2B
AUM Growth
+$993M
Cap. Flow
-$130M
Cap. Flow %
-0.8%
Top 10 Hldgs %
33.54%
Holding
990
New
22
Increased
267
Reduced
593
Closed
21

Top Buys

Rank Stock Value
1
NVDA icon
NVIDIA
NVDA
+$34.8M
2
TLT icon
iShares 20+ Year Treasury Bond ETF
TLT
+$31.1M
3
MBB icon
iShares MBS ETF
MBB
+$29.6M
4
MSFT icon
Microsoft
MSFT
+$28.5M
5
T icon
AT&T
T
+$20.2M

Top Sells

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$60.3M
2
GLOB icon
Globant
GLOB
+$33.7M
3
EXAS
Exact Sciences
EXAS
+$31.6M
4
ANET icon
Arista Networks
ANET
+$31.2M
5
QUAL icon
iShares MSCI USA Quality Factor ETF
QUAL
+$27.3M

Sector Composition

Rank Sector Weight
1 Technology 24.5%
2 Financials 11.19%
3 Healthcare 10.98%
4 Communication Services 8.9%
5 Consumer Discretionary 8.6%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BIIB icon
226
Biogen
BIIB
$30.7B
$11.3M 0.07%
39,803
-2,658
-6% -$791K
LHX icon
227
L3Harris
LHX
$53.4B
$11.2M 0.07%
57,430
-1,100
-2% -$210K
CTVA icon
228
Corteva
CTVA
$51.3B
$11.2M 0.07%
195,510
-200
-0.1% -$11.7K
DOW icon
229
Dow Inc
DOW
$21.2B
$11.2M 0.07%
210,011
+16,400
+8% +$872K
EXC icon
230
Exelon
EXC
$47B
$11.1M 0.07%
273,503
+600
+0.2% +$24.8K
MET icon
231
MetLife
MET
$62.1B
$11.1M 0.07%
196,156
-2,600
-1% -$144K
O icon
232
Realty Income
O
$59.1B
$11.1M 0.07%
185,148
+4,544
+3% +$277K
WELL icon
233
Welltower
WELL
$171B
$11.1M 0.07%
136,709
+7,000
+5% +$539K
TRV icon
234
Travelers Companies
TRV
$80.2B
$11M 0.07%
63,553
+100
+0.2% +$17.6K
CTSH icon
235
Cognizant
CTSH
$26B
$11M 0.07%
169,023
+6,700
+4% +$415K
PAYX icon
236
Paychex
PAYX
$42.7B
$11M 0.07%
98,177
+4,100
+4% +$448K
MRNA icon
237
Moderna
MRNA
$23.6B
$11M 0.07%
90,141
-9,700
-10% -$1.29M
WMB icon
238
Williams Companies
WMB
$86.1B
$10.9M 0.07%
334,921
+400
+0.1% +$12K
STZ icon
239
Constellation Brands
STZ
$23.2B
$10.9M 0.07%
44,358
-200
-0.4% -$46.8K
GWW icon
240
W.W. Grainger
GWW
$60.2B
$10.9M 0.07%
13,817
-200
-1% -$138K
XYZ
241
Block Inc
XYZ
$47.5B
$10.7M 0.07%
161,246
– –
YUM icon
242
Yum! Brands
YUM
$41.1B
$10.7M 0.07%
77,014
+100
+0.1% +$13.6K
HLT icon
243
Hilton Worldwide
HLT
$71.5B
$10.6M 0.07%
72,723
-400
-0.5% -$57K
AMP icon
244
Ameriprise Financial
AMP
$48.8B
$10.6M 0.07%
31,778
-6,500
-17% -$2M
AFL icon
245
Aflac
AFL
$62.6B
$10.6M 0.07%
151,207
-2,500
-2% -$167K
ROST icon
246
Ross Stores
ROST
$81.9B
$10.5M 0.07%
94,056
-500
-0.5% -$52.6K
CHTR icon
247
Charter Communications
CHTR
$18.2B
$10.5M 0.06%
28,597
-300
-1% -$102K
CMI icon
248
Cummins
CMI
$88.7B
$10.5M 0.06%
42,837
-1,200
-3% -$272K
ATO icon
249
Atmos Energy
ATO
$28.8B
$10.5M 0.06%
90,210
+28,500
+46% +$3.3M
ROK icon
250
Rockwell Automation
ROK
$49B
$10.4M 0.06%
31,613
+100
+0.3% +$28.9K
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
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 Q2 2023 Portfolio in Review

As of Q2 2023, State of Michigan Retirement System held 990 positions worth $16.2B, up 6.5% from $15.2B the previous quarter. Its ten largest holdings account for 34% of the portfolio.

Trading was light in Q2 2023: portfolio turnover was 4.3%. State of Michigan Retirement System opened 22 new positions and exited 21, leaving the 990-position portfolio largely intact.

By sector, the portfolio is most concentrated in Technology at 25% of assets, up from 23% a quarter earlier, followed by Financials and Healthcare.

  • State of Michigan Retirement System's largest Q2 2023 buy was iShares 20+ Year Treasury Bond ETF: 300,000 shares worth $30.9M.
  • State of Michigan Retirement System added most to NVIDIA in Q2 2023, an estimated $34.8M increase.
  • State of Michigan Retirement System's biggest Q2 2023 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $60.3M.
  • State of Michigan Retirement System fully exited Globant in Q2 2023, selling an estimated $33.7M.
  • State of Michigan Retirement System's ten largest holdings make up 34% of its $16.2B portfolio in Q2 2023.
  • State of Michigan Retirement System opened 22 new positions and closed 21 in Q2 2023.
  • State of Michigan Retirement System's portfolio value rose 6.5% quarter-over-quarter to $16.2B.

Based on State of Michigan Retirement System's 13F filing for Q2 2023, filed 26 Jul 2023.