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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
FE icon
351
FirstEnergy
FE
$27.1B
$5.97M 0.04%
149,144
+1,500
+1% +$60.6K
EQR icon
352
Equity Residential
EQR
$24.7B
$5.96M 0.04%
99,325
+1,100
+1% +$67.5K
FSLR icon
353
First Solar
FSLR
$25.7B
$5.92M 0.04%
27,200
+300
+1% +$54.8K
DTE icon
354
DTE Energy
DTE
$28.5B
$5.83M 0.04%
53,177
+500
+0.9% +$56K
DOV icon
355
Dover
DOV
$28.3B
$5.82M 0.04%
38,323
+200
+0.5% +$29.4K
BBY icon
356
Best Buy
BBY
$17.4B
$5.82M 0.04%
74,303
-300
-0.4% -$24.7K
TDY icon
357
Teledyne Technologies
TDY
$32B
$5.76M 0.04%
12,869
+100
+0.8% +$42.4K
WAB icon
358
Wabtec
WAB
$49.7B
$5.74M 0.04%
56,816
+500
+0.9% +$51.1K
MKC icon
359
McCormick & Company Non-Voting
MKC
$14.3B
$5.73M 0.04%
68,810
+700
+1% +$53.4K
BROS icon
360
Dutch Bros
BROS
$8.96B
$5.69M 0.04%
180,000
– –
CAG icon
361
Conagra Brands
CAG
$7.07B
$5.69M 0.04%
151,401
+700
+0.5% +$25.9K
PFG icon
362
Principal Financial Group
PFG
$24.4B
$5.66M 0.04%
76,180
+600
+0.8% +$50.9K
PHM icon
363
Pultegroup
PHM
$24.8B
$5.65M 0.04%
96,969
– –
BAX icon
364
Baxter International
BAX
$14.4B
$5.62M 0.04%
138,628
+1,600
+1% +$67.8K
OMC icon
365
Omnicom Group
OMC
$23.2B
$5.57M 0.04%
59,084
+200
+0.3% +$17.7K
MTB icon
366
M&T Bank
MTB
$36.3B
$5.56M 0.04%
46,501
-400
-0.9% -$58.1K
EXPD icon
367
Expeditors International
EXPD
$23.3B
$5.53M 0.04%
50,208
+500
+1% +$54.3K
LUV icon
368
Southwest Airlines
LUV
$22B
$5.5M 0.04%
168,903
+1,800
+1% +$61.2K
HOLX
369
DELISTED
Hologic
HOLX
$5.46M 0.04%
67,665
-200
-0.3% -$16.1K
TTWO icon
370
Take-Two Interactive
TTWO
$47.4B
$5.46M 0.04%
45,744
+600
+1% +$66.9K
ARE icon
371
Alexandria Real Estate Equities
ARE
$8.32B
$5.43M 0.04%
43,218
+2,600
+6% +$382K
SJM icon
372
J.M. Smucker
SJM
$12.6B
$5.42M 0.04%
34,461
+300
+0.9% +$45.6K
FITB
373
Fifth Third Bancorp
FITB
$51.8B
$5.38M 0.04%
201,816
+1,100
+0.5% +$36.5K
CLX icon
374
Clorox
CLX
$13B
$5.37M 0.04%
33,951
+400
+1% +$60K
VRSN icon
375
VeriSign
VRSN
$26.5B
$5.32M 0.04%
25,179
+100
+0.4% +$20.6K
13 14
15
16 17

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.