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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
STLD icon
351
Steel Dynamics
STLD
$38.5B
$5.71M 0.04%
53,260
-3,800
-7% -$396K
MRO
352
DELISTED
Marathon Oil Corporation
MRO
$5.71M 0.04%
213,305
-12,600
-6% -$326K
DTE icon
353
DTE Energy
DTE
$28.5B
$5.61M 0.04%
56,477
-200
-0.4% -$21.5K
ES icon
354
Eversource Energy
ES
$26.8B
$5.57M 0.04%
95,733
-200
-0.2% -$13.3K
GPC icon
355
Genuine Parts
GPC
$18.5B
$5.56M 0.04%
38,529
-100
-0.3% -$15.5K
PPL
356
PPL Corp
PPL
$26.3B
$5.54M 0.04%
235,048
-6,800
-3% -$176K
WBA
357
DELISTED
Walgreens Boots Alliance
WBA
$5.48M 0.04%
246,400
-9,700
-4% -$258K
ALB icon
358
Albemarle
ALB
$15.5B
$5.48M 0.04%
32,207
-100
-0.3% -$19.9K
MOH icon
359
Molina Healthcare
MOH
$10.4B
$5.42M 0.04%
16,532
-200
-1% -$63K
AEE icon
360
Ameren
AEE
$29.6B
$5.39M 0.03%
71,987
-200
-0.3% -$16.3K
LH icon
361
Labcorp
LH
$26.1B
$5.37M 0.03%
26,687
-4,959
-16% -$1.05M
ETR icon
362
Entergy
ETR
$49.3B
$5.37M 0.03%
116,004
-200
-0.2% -$9.76K
DOV icon
363
Dover
DOV
$28.3B
$5.35M 0.03%
38,323
-100
-0.3% -$14.4K
TDY icon
364
Teledyne Technologies
TDY
$32B
$5.26M 0.03%
12,869
-100
-0.8% -$40.6K
TRGP icon
365
Targa Resources
TRGP
$57.1B
$5.25M 0.03%
61,300
-800
-1% -$66.3K
NTAP icon
366
NetApp
NTAP
$39B
$5.25M 0.03%
69,229
-3,400
-5% -$263K
BAX icon
367
Baxter International
BAX
$14.4B
$5.24M 0.03%
138,828
-300
-0.2% -$12.8K
SWKS icon
368
Skyworks Solutions
SWKS
$10.4B
$5.21M 0.03%
52,883
-1,800
-3% -$191K
MKC icon
369
McCormick & Company Non-Voting
MKC
$14.3B
$5.2M 0.03%
68,810
-200
-0.3% -$16.7K
CPAY icon
370
Corpay
CPAY
$26.2B
$5.18M 0.03%
20,284
– –
RJF icon
371
Raymond James Financial
RJF
$34.5B
$5.18M 0.03%
51,544
-900
-2% -$95.2K
WDC icon
372
Western Digital
WDC
$151B
$5.17M 0.03%
149,773
-6,747
-4% -$213K
FITB
373
Fifth Third Bancorp
FITB
$51.8B
$5.1M 0.03%
201,216
-3,300
-2% -$89K
EXPD icon
374
Expeditors International
EXPD
$23.3B
$5.04M 0.03%
44,008
-2,400
-5% -$285K
BBY icon
375
Best Buy
BBY
$17.4B
$5.03M 0.03%
72,403
-4,300
-6% -$332K
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 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.