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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
IQV icon
251
IQVIA
IQV
$39.8B
$9.88M 0.06%
50,194
-800
-2% -$174K
LHX icon
252
L3Harris
LHX
$54B
$9.81M 0.06%
56,330
-1,100
-2% -$202K
BKR icon
253
Baker Hughes
BKR
$63.6B
$9.78M 0.06%
276,812
-1,600
-0.6% -$56.6K
O icon
254
Realty Income
O
$58.6B
$9.71M 0.06%
194,348
+9,200
+5% +$529K
CMI icon
255
Cummins
CMI
$87.4B
$9.63M 0.06%
42,137
-700
-2% -$169K
CEG icon
256
Constellation Energy
CEG
$95.8B
$9.62M 0.06%
88,167
-1,000
-1% -$103K
YUM icon
257
Yum! Brands
YUM
$39.7B
$9.6M 0.06%
76,814
-200
-0.3% -$26.3K
DVN icon
258
Devon Energy
DVN
$49.9B
$9.55M 0.06%
200,291
-7,000
-3% -$352K
EL icon
259
Estee Lauder
EL
$31.5B
$9.52M 0.06%
65,838
-800
-1% -$133K
FANG icon
260
Diamondback Energy
FANG
$55.7B
$9.5M 0.06%
61,363
-3,000
-5% -$443K
SSYS icon
261
Stratasys
SSYS
$769M
$9.49M 0.06%
697,503
– –
KVUE icon
262
Kenvue
KVUE
$36.5B
$9.49M 0.06%
+472,439
New +$10.9M
URI icon
263
United Rentals
URI
$70.8B
$9.45M 0.06%
21,254
-700
-3% -$320K
DD icon
264
DuPont de Nemours
DD
$19.1B
$9.39M 0.06%
100,296
-239
-0.2% -$22.5K
AME icon
265
Ametek
AME
$58B
$9.35M 0.06%
63,253
-100
-0.2% -$15.6K
A icon
266
Agilent Technologies
A
$42B
$9.32M 0.06%
83,381
-900
-1% -$108K
GWW icon
267
W.W. Grainger
GWW
$61.1B
$9.28M 0.06%
13,417
-400
-3% -$289K
SYY icon
268
Sysco
SYY
$40.1B
$9.15M 0.06%
138,517
-800
-0.6% -$57.5K
OTIS icon
269
Otis Worldwide
OTIS
$27.7B
$9.07M 0.06%
112,907
-700
-0.6% -$59.9K
ED icon
270
Consolidated Edison
ED
$39.3B
$9.04M 0.06%
105,642
-2,800
-3% -$255K
ROK icon
271
Rockwell Automation
ROK
$48.3B
$9.01M 0.06%
31,513
-100
-0.3% -$30.9K
KHC icon
272
Kraft Heinz
KHC
$29.6B
$8.97M 0.06%
266,639
-9,300
-3% -$321K
KMI icon
273
Kinder Morgan
KMI
$69.9B
$8.81M 0.06%
531,445
-10,900
-2% -$188K
SHOP icon
274
Shopify
SHOP
$200B
$8.73M 0.06%
160,000
– –
KDP icon
275
Keurig Dr Pepper
KDP
$39.9B
$8.71M 0.06%
275,800
+44,200
+19% +$1.46M
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
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.