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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
HIG icon
326
Hartford Financial Services
HIG
$38.7B
$6.36M 0.04%
89,741
-2,600
-3% -$189K
STT icon
327
State Street
STT
$51.3B
$6.34M 0.04%
94,628
-5,900
-6% -$416K
MPWR icon
328
Monolithic Power Systems
MPWR
$67.9B
$6.32M 0.04%
13,670
+500
+4% +$256K
NVR icon
329
NVR
NVR
$16.8B
$6.24M 0.04%
1,046
– –
EFX icon
330
Equifax
EFX
$21.3B
$6.17M 0.04%
33,678
– –
RMD icon
331
ResMed
RMD
$31.9B
$6.14M 0.04%
41,511
-400
-1% -$72.3K
MTB icon
332
M&T Bank
MTB
$36.3B
$6.12M 0.04%
48,401
-600
-1% -$78.3K
DLTR icon
333
Dollar Tree
DLTR
$24.9B
$6.11M 0.04%
57,369
+200
+0.3% +$26.8K
TTWO icon
334
Take-Two Interactive
TTWO
$47.4B
$6.08M 0.04%
43,292
-300
-0.7% -$43.2K
MNDY icon
335
monday.com
MNDY
$3.75B
$6.06M 0.04%
38,048
+249
+0.7% +$41.8K
XYL icon
336
Xylem
XYL
$28.3B
$6.01M 0.04%
65,975
+200
+0.3% +$20.6K
RPT
337
Rithm Property Trust
RPT
$96M
$6M 0.04%
155,252
– –
WTW icon
338
Willis Towers Watson
WTW
$31.9B
$6M 0.04%
28,692
-600
-2% -$128K
ILMN icon
339
Illumina
ILMN
$29B
$5.96M 0.04%
44,646
– –
ALGN icon
340
Align Technology
ALGN
$12.5B
$5.95M 0.04%
19,500
-100
-0.5% -$34.6K
SBAC icon
341
SBA Communications
SBAC
$19.2B
$5.95M 0.04%
29,742
– –
RCL icon
342
Royal Caribbean
RCL
$82.4B
$5.95M 0.04%
64,601
+4,100
+7% +$411K
STE icon
343
Steris
STE
$23.3B
$5.93M 0.04%
27,048
-300
-1% -$67.9K
DFS
344
DELISTED
Discover Financial Services
DFS
$5.93M 0.04%
68,501
-1,300
-2% -$129K
CF icon
345
CF Industries
CF
$18.4B
$5.92M 0.04%
69,054
-4,400
-6% -$348K
FICO icon
346
Fair Isaac
FICO
$22.7B
$5.91M 0.04%
6,800
-100
-1% -$85.8K
SLP icon
347
Simulations Plus
SLP
$371M
$5.82M 0.04%
139,500
– –
EQR icon
348
Equity Residential
EQR
$24.7B
$5.81M 0.04%
98,925
-300
-0.3% -$19.4K
BR icon
349
Broadridge
BR
$19.8B
$5.79M 0.04%
32,360
-100
-0.3% -$17.7K
WAB icon
350
Wabtec
WAB
$49.7B
$5.72M 0.04%
53,816
-1,100
-2% -$123K
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 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.