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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
NEM icon
276
Newmont
NEM
$119B
$9.32M 0.06%
218,545
+600
+0.3% +$27.2K
WY icon
277
Weyerhaeuser
WY
$18.4B
$9.23M 0.06%
275,529
-7,900
-3% -$238K
CBRE icon
278
CBRE Group
CBRE
$42.9B
$9.23M 0.06%
114,360
-7,800
-6% -$584K
RMD icon
279
ResMed
RMD
$30.7B
$9.16M 0.06%
41,911
-100
-0.2% -$22.3K
GLW icon
280
Corning
GLW
$143B
$9.13M 0.06%
260,659
+6,400
+3% +$210K
DLR icon
281
Digital Realty Trust
DLR
$71.7B
$9.12M 0.06%
80,081
+1,100
+1% +$109K
GPN icon
282
Global Payments
GPN
$22.8B
$9.03M 0.06%
91,678
-6,900
-7% -$709K
DD icon
283
DuPont de Nemours
DD
$19.2B
$9.02M 0.06%
100,535
+319
+0.3% +$27.4K
BKR icon
284
Baker Hughes
BKR
$61.1B
$8.8M 0.05%
278,412
+2,200
+0.8% +$64.1K
DAL icon
285
Delta Air Lines
DAL
$60.1B
$8.75M 0.05%
184,003
+3,600
+2% +$133K
GEHC icon
286
GE HealthCare
GEHC
$32.4B
$8.73M 0.05%
107,453
+7,700
+8% +$614K
VICI icon
287
VICI Properties
VICI
$29.4B
$8.68M 0.05%
276,100
-12,012
-4% -$385K
RSG icon
288
Republic Services
RSG
$65.7B
$8.65M 0.05%
56,487
+100
+0.2% +$14.3K
PEG icon
289
Public Service Enterprise Group
PEG
$37.7B
$8.59M 0.05%
137,166
+100
+0.1% +$6.24K
HPE icon
290
Hewlett Packard
HPE
$70.5B
$8.51M 0.05%
506,681
+18,300
+4% +$280K
FANG icon
291
Diamondback Energy
FANG
$52.7B
$8.45M 0.05%
64,363
+1,300
+2% +$174K
ZBH icon
292
Zimmer Biomet
ZBH
$18.4B
$8.35M 0.05%
57,315
-300
-0.5% -$40.8K
VMC icon
293
Vulcan Materials
VMC
$36.9B
$8.25M 0.05%
36,576
+100
+0.3% +$19.2K
DLTR icon
294
Dollar Tree
DLTR
$25.2B
$8.2M 0.05%
57,169
+100
+0.2% +$14.7K
HAL icon
295
Halliburton
HAL
$26.6B
$8.19M 0.05%
248,122
-100
-0% -$3.16K
CEG icon
296
Constellation Energy
CEG
$95.6B
$8.16M 0.05%
89,167
-21,260
-19% -$1.76M
DFS
297
DELISTED
Discover Financial Services
DFS
$8.16M 0.05%
69,801
-3,500
-5% -$367K
ILMN icon
298
Illumina
ILMN
$28.4B
$8.14M 0.05%
44,646
+206
+0.5% +$41.7K
XLE icon
299
State Street Energy Select Sector SPDR ETF
XLE
$37.6B
$8.12M 0.05%
200,000
-300,000
-60% -$12.2M
WST icon
300
West Pharmaceutical
WST
$24.9B
$8.09M 0.05%
21,156
-100
-0.5% -$35.7K
10 11
12
13 14

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.