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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
IR icon
326
Ingersoll Rand
IR
$33.7B
$7.27M 0.04%
111,223
– –
KDP icon
327
Keurig Dr Pepper
KDP
$40.8B
$7.24M 0.04%
231,600
-1,700
-0.7% -$55.8K
ALB icon
328
Albemarle
ALB
$15.5B
$7.21M 0.04%
32,307
+100
+0.3% +$20.5K
CDW icon
329
CDW
CDW
$17B
$7.18M 0.04%
39,145
+2,000
+5% +$349K
MPWR icon
330
Monolithic Power Systems
MPWR
$68.9B
$7.11M 0.04%
13,170
+300
+2% +$143K
LYB icon
331
LyondellBasell Industries
LYB
$19.2B
$7.1M 0.04%
77,265
-13,600
-15% -$1.24M
CHD icon
332
Church & Dwight Co
CHD
$24.5B
$7.02M 0.04%
69,991
-1,000
-1% -$94.2K
ALGN icon
333
Align Technology
ALGN
$12.3B
$6.93M 0.04%
19,600
-300
-2% -$95.5K
WTW icon
334
Willis Towers Watson
WTW
$32B
$6.9M 0.04%
29,292
– –
SBAC icon
335
SBA Communications
SBAC
$19.5B
$6.89M 0.04%
29,742
+100
+0.3% +$23.9K
ES icon
336
Eversource Energy
ES
$27.2B
$6.8M 0.04%
95,933
+300
+0.3% +$22.3K
HIG icon
337
Hartford Financial Services
HIG
$39.3B
$6.65M 0.04%
92,341
-1,000
-1% -$70.2K
NVR icon
338
NVR
NVR
$17B
$6.64M 0.04%
1,046
+100
+11% +$582K
EBAY icon
339
eBay
EBAY
$49.8B
$6.57M 0.04%
147,028
-2,000
-1% -$88.8K
LH icon
340
Labcorp
LH
$25.9B
$6.56M 0.04%
31,646
+932
+3% +$181K
EQR icon
341
Equity Residential
EQR
$25.1B
$6.55M 0.04%
99,225
-100
-0.1% -$6.25K
GPC icon
342
Genuine Parts
GPC
$18.7B
$6.54M 0.04%
38,629
-100
-0.3% -$16.4K
MNDY icon
343
monday.com
MNDY
$3.94B
$6.47M 0.04%
+37,799
New +$5.65M
TTWO icon
344
Take-Two Interactive
TTWO
$46.1B
$6.41M 0.04%
43,592
-2,152
-5% -$281K
PPL
345
PPL Corp
PPL
$26.7B
$6.4M 0.04%
241,848
+2,100
+0.9% +$57.9K
BAX icon
346
Baxter International
BAX
$14.2B
$6.34M 0.04%
139,128
+500
+0.4% +$21.8K
ENPH icon
347
Enphase Energy
ENPH
$5.53B
$6.32M 0.04%
37,715
+400
+1% +$71.5K
BBY icon
348
Best Buy
BBY
$17.3B
$6.29M 0.04%
76,703
+2,400
+3% +$179K
RCL icon
349
Royal Caribbean
RCL
$85.6B
$6.28M 0.04%
60,501
+200
+0.3% +$15.7K
DTE icon
350
DTE Energy
DTE
$29.1B
$6.24M 0.04%
56,677
+3,500
+7% +$390K
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
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.