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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
AVB icon
326
AvalonBay Communities
AVB
$26.3B
$6.79M 0.04%
40,411
+400
+1% +$68.2K
STLD icon
327
Steel Dynamics
STLD
$38.5B
$6.79M 0.04%
60,060
+500
+0.8% +$58.1K
PPL
328
PPL Corp
PPL
$26.3B
$6.66M 0.04%
239,748
+2,100
+0.9% +$59.5K
ALGN icon
329
Align Technology
ALGN
$12.5B
$6.65M 0.04%
19,900
+200
+1% +$59K
EBAY icon
330
eBay
EBAY
$47.9B
$6.61M 0.04%
149,028
+1,500
+1% +$68.7K
FTV icon
331
Fortive
FTV
$18.6B
$6.6M 0.04%
128,533
+929
+0.7% +$46.7K
PWR icon
332
Quanta Services
PWR
$99.4B
$6.54M 0.04%
39,248
+400
+1% +$61.5K
HIG icon
333
Hartford Financial Services
HIG
$38.7B
$6.5M 0.04%
93,341
– –
GPC icon
334
Genuine Parts
GPC
$18.5B
$6.48M 0.04%
38,729
+400
+1% +$67.4K
IR icon
335
Ingersoll Rand
IR
$33.6B
$6.47M 0.04%
111,223
+1,200
+1% +$67.6K
MPWR icon
336
Monolithic Power Systems
MPWR
$67.9B
$6.44M 0.04%
12,870
+100
+0.8% +$46K
IFF icon
337
International Flavors & Fragrances
IFF
$21.7B
$6.44M 0.04%
70,015
+700
+1% +$69.6K
DAL icon
338
Delta Air Lines
DAL
$58.7B
$6.3M 0.04%
180,403
+1,800
+1% +$66.8K
TSN icon
339
Tyson Foods
TSN
$20.1B
$6.3M 0.04%
106,128
-200
-0.2% -$12.3K
EXR icon
340
Extra Space Storage
EXR
$31B
$6.29M 0.04%
38,579
+400
+1% +$62.9K
CHD icon
341
Church & Dwight Co
CHD
$24.5B
$6.28M 0.04%
70,991
+700
+1% +$58.4K
VMC icon
342
Vulcan Materials
VMC
$37B
$6.26M 0.04%
36,476
+400
+1% +$71K
SWKS icon
343
Skyworks Solutions
SWKS
$10.4B
$6.23M 0.04%
52,783
– –
AEE icon
344
Ameren
AEE
$29.6B
$6.13M 0.04%
70,987
+700
+1% +$59.9K
SLP icon
345
Simulations Plus
SLP
$371M
$6.13M 0.04%
139,500
– –
RPT
346
Rithm Property Trust
RPT
$96M
$6.13M 0.04%
155,252
– –
PODD icon
347
Insulet
PODD
$9.91B
$6.09M 0.04%
+19,100
New +$5.66M
LH icon
348
Labcorp
LH
$26.1B
$6.05M 0.04%
30,714
+232
+0.8% +$47.7K
MLM icon
349
Martin Marietta Materials
MLM
$33B
$6.05M 0.04%
17,037
+200
+1% +$70.2K
ETR icon
350
Entergy
ETR
$49.3B
$6.02M 0.04%
111,804
+1,200
+1% +$63.7K
12 13
14
15 16

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.