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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
HSY icon
276
Hershey
HSY
$36.7B
$8.67M 0.06%
43,334
-144,900
-77% -$32.4M
XEL icon
277
Xcel Energy
XEL
$48B
$8.65M 0.06%
151,194
-100
-0.1% -$6.01K
CSGP icon
278
CoStar Group
CSGP
$12.8B
$8.6M 0.06%
111,900
-400
-0.4% -$33.1K
ATO icon
279
Atmos Energy
ATO
$28.4B
$8.6M 0.06%
81,210
-9,000
-10% -$1.05M
WBD icon
280
Warner Bros
WBD
$67.4B
$8.53M 0.06%
785,425
-34,400
-4% -$429K
EA
281
DELISTED
Electronic Arts
EA
$8.49M 0.05%
70,554
-4,900
-6% -$617K
PPG icon
282
PPG Industries
PPG
$25.7B
$8.38M 0.05%
64,543
-200
-0.3% -$28.1K
HPE icon
283
Hewlett Packard
HPE
$72.4B
$8.35M 0.05%
480,781
-25,900
-5% -$445K
PLTR icon
284
Palantir
PLTR
$421B
$8.21M 0.05%
513,000
– –
ACGL icon
285
Arch Capital
ACGL
$33.5B
$8.15M 0.05%
102,200
-200
-0.2% -$15.6K
VICI icon
286
VICI Properties
VICI
$28.7B
$8.08M 0.05%
277,800
+1,700
+0.6% +$52.7K
CBRE icon
287
CBRE Group
CBRE
$41.7B
$8.06M 0.05%
109,060
-5,300
-5% -$439K
NEM icon
288
Newmont
NEM
$124B
$8.05M 0.05%
217,845
-700
-0.3% -$28.5K
WY icon
289
Weyerhaeuser
WY
$18.2B
$8.04M 0.05%
262,229
-13,300
-5% -$438K
RSG icon
290
Republic Services
RSG
$65.7B
$8.04M 0.05%
56,387
-100
-0.2% -$14.8K
ALL icon
291
Allstate
ALL
$68.2B
$7.99M 0.05%
71,689
-600
-0.8% -$65.5K
WST icon
292
West Pharmaceutical
WST
$24.8B
$7.86M 0.05%
20,956
-200
-0.9% -$77.3K
PEG icon
293
Public Service Enterprise Group
PEG
$37.2B
$7.79M 0.05%
136,866
-300
-0.2% -$18.4K
CDW icon
294
CDW
CDW
$17.1B
$7.76M 0.05%
38,445
-700
-2% -$140K
GLW icon
295
Corning
GLW
$136B
$7.7M 0.05%
252,759
-7,900
-3% -$258K
HPQ icon
296
HP
HPQ
$27.3B
$7.69M 0.05%
299,262
-12,000
-4% -$368K
APTV icon
297
Aptiv
APTV
$10.3B
$7.65M 0.05%
77,549
+3,200
+4% +$331K
CTRA
298
DELISTED
Coterra Energy
CTRA
$7.49M 0.05%
276,759
-15,200
-5% -$414K
PWR icon
299
Quanta Services
PWR
$99.4B
$7.45M 0.05%
39,848
-100
-0.3% -$20.1K
IT icon
300
Gartner
IT
$12.2B
$7.44M 0.05%
21,647
-100
-0.5% -$34.9K
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
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.