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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
VMC icon
301
Vulcan Materials
VMC
$37B
$7.35M 0.05%
36,376
-200
-0.5% -$43.5K
GEHC icon
302
GE HealthCare
GEHC
$32.9B
$7.3M 0.05%
107,253
-200
-0.2% -$14.6K
LYB icon
303
LyondellBasell Industries
LYB
$20.2B
$7.25M 0.05%
76,565
-700
-0.9% -$67.3K
FTV icon
304
Fortive
FTV
$18.6B
$7.15M 0.05%
128,002
-1,062
-0.8% -$61.1K
XYZ
305
Block Inc
XYZ
$47.5B
$7.14M 0.05%
161,246
– –
ANSS
306
DELISTED
Ansys
ANSS
$7.08M 0.05%
23,811
– –
IR icon
307
Ingersoll Rand
IR
$33.6B
$7.06M 0.05%
110,823
-400
-0.4% -$26.6K
EXR icon
308
Extra Space Storage
EXR
$31B
$7.04M 0.05%
57,879
+20,700
+56% +$2.78M
AVB icon
309
AvalonBay Communities
AVB
$26.3B
$6.99M 0.05%
40,711
-600
-1% -$111K
EXAS
310
DELISTED
Exact Sciences
EXAS
$6.97M 0.05%
102,204
– –
WEC icon
311
WEC Energy
WEC
$34.6B
$6.97M 0.05%
86,484
-300
-0.3% -$26.1K
MLM icon
312
Martin Marietta Materials
MLM
$33B
$6.95M 0.05%
16,937
-100
-0.6% -$44.2K
TSCO icon
313
Tractor Supply
TSCO
$18B
$6.92M 0.04%
170,335
-7,000
-4% -$303K
TROW icon
314
T. Rowe Price
TROW
$24.3B
$6.83M 0.04%
65,113
-1,100
-2% -$124K
KEYS icon
315
Keysight
KEYS
$57.3B
$6.78M 0.04%
51,231
-125,600
-71% -$18.6M
DAL icon
316
Delta Air Lines
DAL
$58.7B
$6.76M 0.04%
182,603
-1,400
-0.8% -$60.8K
EIX icon
317
Edison International
EIX
$26.1B
$6.65M 0.04%
105,112
-200
-0.2% -$13.9K
MTD icon
318
Mettler-Toledo International
MTD
$28.6B
$6.64M 0.04%
5,996
-100
-2% -$123K
AWK icon
319
American Water Works
AWK
$26.9B
$6.61M 0.04%
53,397
-100
-0.2% -$14K
PHM icon
320
Pultegroup
PHM
$24.8B
$6.61M 0.04%
89,269
-7,200
-7% -$574K
EBAY icon
321
eBay
EBAY
$47.9B
$6.43M 0.04%
145,928
-1,100
-0.7% -$49.1K
ZBH icon
322
Zimmer Biomet
ZBH
$18.7B
$6.43M 0.04%
57,315
– –
CHD icon
323
Church & Dwight Co
CHD
$24.5B
$6.39M 0.04%
69,691
-300
-0.4% -$28.7K
ULTA icon
324
Ulta Beauty
ULTA
$23.6B
$6.37M 0.04%
15,953
-600
-4% -$262K
DG icon
325
Dollar General
DG
$27B
$6.36M 0.04%
60,154
-100
-0.2% -$14.9K
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 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.