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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
+9.66%
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
$15.2B
AUM Growth
+$859M
Cap. Flow
-$148M
Cap. Flow %
-0.97%
Top 10 Hldgs %
31.98%
Holding
987
New
20
Increased
448
Reduced
393
Closed
19

Top Buys

Rank Stock Value
1
APO icon
Apollo Global Management
APO
+$65.3M
2
CRWD icon
CrowdStrike
CRWD
+$20.8M
3
HXL icon
Hexcel
HXL
+$17.1M
4
ZM icon
Zoom
ZM
+$14.4M
5
MTUM icon
iShares MSCI USA Momentum Factor ETF
MTUM
+$14.4M

Top Sells

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$99.9M
2
T icon
AT&T
T
+$92.3M
3
WBD icon
Warner Bros
WBD
+$71.2M
4
EPAM icon
EPAM Systems
EPAM
+$39.8M
5
MSCI icon
MSCI
MSCI
+$19.5M

Sector Composition

Rank Sector Weight
1 Technology 22.58%
2 Healthcare 11.64%
3 Financials 11.47%
4 Communication Services 9.03%
5 Consumer Discretionary 8.25%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
STT icon
301
State Street
STT
$51.3B
$7.88M 0.05%
104,128
-3,900
-4% -$328K
HAL icon
302
Halliburton
HAL
$28B
$7.85M 0.05%
248,222
+1,400
+0.6% +$51.9K
ENPH icon
303
Enphase Energy
ENPH
$5.41B
$7.85M 0.05%
37,315
+400
+1% +$86.6K
OKE icon
304
Oneok
OKE
$56.9B
$7.8M 0.05%
122,781
+1,300
+1% +$86.4K
HPE icon
305
Hewlett Packard
HPE
$72.4B
$7.78M 0.05%
488,381
+2,300
+0.5% +$36.1K
DLR icon
306
Digital Realty Trust
DLR
$70.8B
$7.76M 0.05%
78,981
+800
+1% +$84.3K
AWK icon
307
American Water Works
AWK
$26.9B
$7.76M 0.05%
52,997
+3,600
+7% +$533K
TSCO icon
308
Tractor Supply
TSCO
$18B
$7.75M 0.05%
164,835
+1,500
+0.9% +$68.3K
SBAC icon
309
SBA Communications
SBAC
$19.2B
$7.74M 0.05%
29,642
+300
+1% +$82.6K
CSGP icon
310
CoStar Group
CSGP
$12.8B
$7.69M 0.05%
111,700
+1,200
+1% +$88.5K
SHOP icon
311
Shopify
SHOP
$200B
$7.67M 0.05%
160,000
– –
RSG icon
312
Republic Services
RSG
$65.7B
$7.62M 0.05%
56,387
+600
+1% +$76.5K
ES icon
313
Eversource Energy
ES
$26.8B
$7.48M 0.05%
95,633
+1,000
+1% +$79K
ZBH icon
314
Zimmer Biomet
ZBH
$18.7B
$7.44M 0.05%
57,615
+600
+1% +$75.3K
EIX icon
315
Edison International
EIX
$26.1B
$7.41M 0.05%
104,912
+1,100
+1% +$74.3K
WST icon
316
West Pharmaceutical
WST
$24.8B
$7.36M 0.05%
21,256
+200
+0.9% +$58.4K
DFS
317
DELISTED
Discover Financial Services
DFS
$7.25M 0.05%
73,301
-1,000
-1% -$107K
CDW icon
318
CDW
CDW
$17.1B
$7.24M 0.05%
37,145
+300
+0.8% +$58.9K
CTRA
319
DELISTED
Coterra Energy
CTRA
$7.12M 0.05%
290,159
+2,300
+0.8% +$56.5K
ALB icon
320
Albemarle
ALB
$15.5B
$7.12M 0.05%
32,207
+400
+1% +$98.6K
IT icon
321
Gartner
IT
$12.2B
$7.08M 0.05%
21,747
+300
+1% +$99.2K
ATO icon
322
Atmos Energy
ATO
$28.4B
$6.93M 0.05%
61,710
+1,200
+2% +$136K
ACGL icon
323
Arch Capital
ACGL
$33.5B
$6.9M 0.05%
101,600
+1,100
+1% +$72.3K
EFX icon
324
Equifax
EFX
$21.3B
$6.83M 0.04%
33,678
+400
+1% +$83.3K
WTW icon
325
Willis Towers Watson
WTW
$31.9B
$6.81M 0.04%
29,292
-100
-0.3% -$24.2K
11 12
13
14 15

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 Q1 2023 Portfolio in Review

As of Q1 2023, State of Michigan Retirement System held 987 positions worth $15.2B, up 6% from $14.4B the previous quarter. Its ten largest holdings account for 32% of the portfolio.

Trading was light in Q1 2023: portfolio turnover was 4%. State of Michigan Retirement System opened 20 new positions and exited 19, leaving the 987-position portfolio largely intact.

By sector, the portfolio is most concentrated in Technology at 23% of assets, up from 20% a quarter earlier, followed by Healthcare and Financials.

  • State of Michigan Retirement System's largest Q1 2023 buy was CrowdStrike: 720,800 shares worth $24.7M.
  • State of Michigan Retirement System added most to Apollo Global Management in Q1 2023, an estimated $65.3M increase.
  • State of Michigan Retirement System's biggest Q1 2023 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $99.9M.
  • State of Michigan Retirement System fully exited SVB Financial Group in Q1 2023, selling an estimated $3.94M.
  • State of Michigan Retirement System's ten largest holdings make up 32% of its $15.2B portfolio in Q1 2023.
  • State of Michigan Retirement System opened 20 new positions and closed 19 in Q1 2023.
  • State of Michigan Retirement System's portfolio value rose 6% quarter-over-quarter to $15.2B.

Based on State of Michigan Retirement System's 13F filing for Q1 2023, filed 28 Apr 2023.