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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
+9.1%
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
SYY icon
251
Sysco
SYY
$40.4B
$10.3M 0.06%
139,317
-100
-0.1% -$7.39K
SHOP icon
252
Shopify
SHOP
$198B
$10.3M 0.06%
160,000
– –
HES
253
DELISTED
Hess
HES
$10.3M 0.06%
75,941
-300
-0.4% -$41.1K
WBD icon
254
Warner Bros
WBD
$67.6B
$10.3M 0.06%
819,825
+28,300
+4% +$367K
AME icon
255
Ametek
AME
$58B
$10.3M 0.06%
63,353
+300
+0.5% +$43.8K
DG icon
256
Dollar General
DG
$27.4B
$10.2M 0.06%
60,254
-1,100
-2% -$218K
FIS icon
257
Fidelity National Information Services
FIS
$21.8B
$10.2M 0.06%
186,725
-16,500
-8% -$908K
KR icon
258
Kroger
KR
$34.7B
$10.2M 0.06%
216,887
-1,200
-0.6% -$57.2K
A icon
259
Agilent Technologies
A
$41.9B
$10.1M 0.06%
84,281
-500
-0.6% -$63.7K
OTIS icon
260
Otis Worldwide
OTIS
$27.6B
$10.1M 0.06%
113,607
-300
-0.3% -$25.3K
DVN icon
261
Devon Energy
DVN
$49.2B
$10M 0.06%
207,291
-4,000
-2% -$201K
CSGP icon
262
CoStar Group
CSGP
$12.5B
$9.99M 0.06%
112,300
+600
+0.5% +$46.3K
PRU icon
263
Prudential Financial
PRU
$42B
$9.85M 0.06%
111,655
+500
+0.4% +$41.8K
BNY
264
Bank of New York Mellon
BNY
$108B
$9.83M 0.06%
220,755
-3,100
-1% -$133K
ED icon
265
Consolidated Edison
ED
$39.4B
$9.8M 0.06%
108,442
+700
+0.6% +$66.9K
KHC icon
266
Kraft Heinz
KHC
$29.4B
$9.8M 0.06%
275,939
+2,100
+0.8% +$80.8K
EA
267
DELISTED
Electronic Arts
EA
$9.79M 0.06%
75,454
– –
URI icon
268
United Rentals
URI
$71.7B
$9.78M 0.06%
21,954
-600
-3% -$222K
VRSK icon
269
Verisk Analytics
VRSK
$23.8B
$9.71M 0.06%
42,956
-4,500
-9% -$945K
PPG icon
270
PPG Industries
PPG
$25.9B
$9.6M 0.06%
64,743
+200
+0.3% +$27.9K
EXAS
271
DELISTED
Exact Sciences
EXAS
$9.6M 0.06%
102,204
-405,000
-80% -$31.6M
HPQ icon
272
HP
HPQ
$27.5B
$9.56M 0.06%
311,262
-6,700
-2% -$201K
XEL icon
273
Xcel Energy
XEL
$48B
$9.41M 0.06%
151,294
+1,000
+0.7% +$66.8K
PCG icon
274
PG&E
PCG
$38B
$9.36M 0.06%
541,760
+26,100
+5% +$442K
KMI icon
275
Kinder Morgan
KMI
$69.2B
$9.34M 0.06%
542,345
-900
-0.2% -$15.3K
9 10
11
12 13

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
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
CHP
Castle Hook Partners New York $23.4B AUM 158.96% 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.