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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
STLD icon
351
Steel Dynamics
STLD
$38.1B
$6.22M 0.04%
57,060
-3,000
-5% -$305K
LUV icon
352
Southwest Airlines
LUV
$22.2B
$6.2M 0.04%
171,103
+2,200
+1% +$69K
STE icon
353
Steris
STE
$23B
$6.15M 0.04%
27,348
+100
+0.4% +$20K
MTB icon
354
M&T Bank
MTB
$36.2B
$6.06M 0.04%
49,001
+2,500
+5% +$302K
SWKS icon
355
Skyworks Solutions
SWKS
$10.6B
$6.05M 0.04%
54,683
+1,900
+4% +$200K
SLP icon
356
Simulations Plus
SLP
$371M
$6.04M 0.04%
139,500
– –
WAB icon
357
Wabtec
WAB
$49.2B
$6.02M 0.04%
54,916
-1,900
-3% -$189K
MKC icon
358
McCormick & Company Non-Voting
MKC
$14.2B
$6.02M 0.04%
69,010
+200
+0.3% +$17.7K
AEE icon
359
Ameren
AEE
$29.7B
$5.9M 0.04%
72,187
+1,200
+2% +$103K
FE icon
360
FirstEnergy
FE
$27.1B
$5.82M 0.04%
149,644
+500
+0.3% +$19.6K
RPT
361
Rithm Property Trust
RPT
$93.7M
$5.71M 0.04%
155,252
– –
DOV icon
362
Dover
DOV
$28.3B
$5.67M 0.04%
38,423
+100
+0.3% +$14.3K
ETR icon
363
Entergy
ETR
$49.4B
$5.66M 0.03%
116,204
+4,400
+4% +$228K
VRSN icon
364
VeriSign
VRSN
$26.6B
$5.62M 0.03%
24,879
-300
-1% -$66.1K
EXPD icon
365
Expeditors International
EXPD
$23.3B
$5.62M 0.03%
46,408
-3,800
-8% -$432K
FICO icon
366
Fair Isaac
FICO
$22.5B
$5.58M 0.03%
6,900
– –
IFF icon
367
International Flavors & Fragrances
IFF
$21.5B
$5.58M 0.03%
70,115
+100
+0.1% +$8.6K
DRI icon
368
Darden Restaurants
DRI
$24.3B
$5.55M 0.03%
33,212
-200
-0.6% -$31.4K
NTAP icon
369
NetApp
NTAP
$39.3B
$5.55M 0.03%
72,629
+1,600
+2% +$108K
PODD icon
370
Insulet
PODD
$9.86B
$5.54M 0.03%
19,200
+100
+0.5% +$30.4K
EXR icon
371
Extra Space Storage
EXR
$30.9B
$5.53M 0.03%
37,179
-1,400
-4% -$211K
BB icon
372
BlackBerry
BB
$5.29B
$5.53M 0.03%
1,000,000
– –
OMC icon
373
Omnicom Group
OMC
$23.1B
$5.51M 0.03%
57,884
-1,200
-2% -$111K
INVH icon
374
Invitation Homes
INVH
$17.8B
$5.5M 0.03%
159,800
+300
+0.2% +$10K
HOLX
375
DELISTED
Hologic
HOLX
$5.48M 0.03%
67,665
– –
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
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.