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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
-2.89%
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
$15.5B
AUM Growth
-$744M
Cap. Flow
-$126M
Cap. Flow %
-0.82%
Top 10 Hldgs %
33.75%
Holding
989
New
20
Increased
99
Reduced
774
Closed
25

Top Buys

Rank Stock Value
1
T icon
AT&T
T
+$60.1M
2
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$39.9M
3
META icon
Meta Platforms (Facebook)
META
+$28.3M
4
XLE icon
State Street Energy Select Sector SPDR ETF
XLE
+$28M
5
GLOB icon
Globant
GLOB
+$25.9M

Top Sells

Rank Stock Value
1
APO icon
Apollo Global Management
APO
+$49.8M
2
MTUM icon
iShares MSCI USA Momentum Factor ETF
MTUM
+$48.1M
3
FTNT icon
Fortinet
FTNT
+$38.4M
4
HSY icon
Hershey
HSY
+$32.4M
5
AAPL icon
Apple
AAPL
+$22.6M

Sector Composition

Rank Sector Weight
1 Technology 23.73%
2 Financials 11.52%
3 Healthcare 10.89%
4 Communication Services 9.71%
5 Consumer Discretionary 8.48%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CCI icon
226
Crown Castle
CCI
$31.3B
$10.9M 0.07%
118,852
-400
-0.3% -$41.4K
HLT icon
227
Hilton Worldwide
HLT
$70B
$10.8M 0.07%
71,723
-1,000
-1% -$151K
JCI icon
228
Johnson Controls International
JCI
$91.3B
$10.7M 0.07%
200,542
-4,800
-2% -$296K
AEP icon
229
American Electric Power
AEP
$66.9B
$10.6M 0.07%
141,258
-300
-0.2% -$24.4K
DOW icon
230
Dow Inc
DOW
$22.1B
$10.6M 0.07%
205,811
-4,200
-2% -$225K
PCG icon
231
PG&E
PCG
$37.5B
$10.6M 0.07%
655,360
+113,600
+21% +$1.95M
ROST icon
232
Ross Stores
ROST
$81.7B
$10.5M 0.07%
93,356
-700
-0.7% -$80.3K
FTNT icon
233
Fortinet
FTNT
$120B
$10.5M 0.07%
178,670
-580,500
-76% -$38.4M
PRU icon
234
Prudential Financial
PRU
$42.1B
$10.3M 0.07%
109,055
-2,600
-2% -$246K
GPN icon
235
Global Payments
GPN
$22.8B
$10.3M 0.07%
89,378
-2,300
-3% -$274K
EXC icon
236
Exelon
EXC
$45.8B
$10.3M 0.07%
272,803
-700
-0.3% -$28.5K
GIS icon
237
General Mills
GIS
$19.9B
$10.3M 0.07%
160,402
-1,100
-0.7% -$77.7K
TRV icon
238
Travelers Companies
TRV
$78.3B
$10.2M 0.07%
62,753
-800
-1% -$134K
D icon
239
Dominion Energy
D
$59.1B
$10.2M 0.07%
229,367
-500
-0.2% -$24.8K
LEN icon
240
Lennar Class A
LEN
$20.6B
$10.2M 0.07%
94,018
-4,236
-4% -$497K
BIIB icon
241
Biogen
BIIB
$30.6B
$10.2M 0.07%
39,703
-100
-0.3% -$26.7K
OKE icon
242
Oneok
OKE
$56.9B
$10.1M 0.07%
159,581
+36,500
+30% +$2.38M
AMP icon
243
Ameriprise Financial
AMP
$49.2B
$10.1M 0.07%
30,678
-1,100
-3% -$375K
FIS icon
244
Fidelity National Information Services
FIS
$21.9B
$10.1M 0.07%
182,525
-4,200
-2% -$242K
DLR icon
245
Digital Realty Trust
DLR
$70.8B
$10M 0.07%
82,981
+2,900
+4% +$356K
VRSK icon
246
Verisk Analytics
VRSK
$23.6B
$9.98M 0.06%
42,256
-700
-2% -$165K
HAL icon
247
Halliburton
HAL
$28B
$9.98M 0.06%
246,322
-1,800
-0.7% -$70.5K
CTVA icon
248
Corteva
CTVA
$51B
$9.96M 0.06%
194,610
-900
-0.5% -$47.7K
BNY
249
Bank of New York Mellon
BNY
$108B
$9.95M 0.06%
233,255
+12,500
+6% +$557K
DXCM icon
250
DexCom
DXCM
$33.1B
$9.92M 0.06%
106,300
-300
-0.3% -$33.8K
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 Q3 2023 Portfolio in Review

As of Q3 2023, State of Michigan Retirement System held 989 positions worth $15.5B, down 4.6% from $16.2B the previous quarter. Its ten largest holdings account for 34% of the portfolio.

Trading was light in Q3 2023: portfolio turnover was 4.6%. State of Michigan Retirement System opened 20 new positions and exited 25, leaving the 989-position portfolio largely intact.

By sector, the portfolio is most concentrated in Technology at 24% of assets, down from 25% a quarter earlier, followed by Financials and Healthcare.

  • State of Michigan Retirement System's largest Q3 2023 buy was Globant: 138,200 shares worth $27.3M.
  • State of Michigan Retirement System added most to AT&T in Q3 2023, an estimated $60.1M increase.
  • State of Michigan Retirement System's biggest Q3 2023 reduction was Apollo Global Management, cutting an estimated $49.8M.
  • State of Michigan Retirement System fully exited Life Storage, Inc. in Q3 2023, selling an estimated $2.78M.
  • State of Michigan Retirement System's ten largest holdings make up 34% of its $15.5B portfolio in Q3 2023.
  • State of Michigan Retirement System opened 20 new positions and closed 25 in Q3 2023.
  • State of Michigan Retirement System's portfolio value fell 4.6% quarter-over-quarter to $15.5B.

Based on State of Michigan Retirement System's 13F filing for Q3 2023, filed 27 Oct 2023.