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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
MRO
376
DELISTED
Marathon Oil Corporation
MRO
$5.28M 0.03%
220,305
+1,800
+0.8% +$46K
NVR icon
377
NVR
NVR
$16.8B
$5.27M 0.03%
946
– –
STE icon
378
Steris
STE
$23.3B
$5.21M 0.03%
27,248
+100
+0.4% +$19.3K
DRI icon
379
Darden Restaurants
DRI
$24.9B
$5.18M 0.03%
33,412
+100
+0.3% +$14.8K
LVS icon
380
Las Vegas Sands
LVS
$29.4B
$5.18M 0.03%
90,201
+900
+1% +$50.4K
XYL icon
381
Xylem
XYL
$28.3B
$5.18M 0.03%
49,475
+500
+1% +$52.2K
RF icon
382
Regions Financial
RF
$26.8B
$5.16M 0.03%
278,139
+2,500
+0.9% +$54.4K
CNP icon
383
CenterPoint Energy
CNP
$26.4B
$5.09M 0.03%
172,847
+1,800
+1% +$52.6K
NDAQ icon
384
Nasdaq
NDAQ
$53.4B
$5.09M 0.03%
93,090
+1,000
+1% +$57.8K
COO icon
385
Cooper Companies
COO
$14.9B
$5.05M 0.03%
54,144
+400
+0.7% +$34.4K
WAT icon
386
Waters Corp
WAT
$40.4B
$5.05M 0.03%
16,297
+200
+1% +$64.7K
NTRS icon
387
Northern Trust
NTRS
$34.4B
$5.04M 0.03%
57,213
+600
+1% +$55.6K
CF icon
388
CF Industries
CF
$18.4B
$5.01M 0.03%
69,054
+500
+0.7% +$40.9K
MAA icon
389
Mid-America Apartment Communities
MAA
$15.4B
$5M 0.03%
33,099
+300
+0.9% +$47.6K
INVH icon
390
Invitation Homes
INVH
$17.8B
$4.98M 0.03%
159,500
+1,600
+1% +$50.1K
RJF icon
391
Raymond James Financial
RJF
$34.5B
$4.97M 0.03%
53,244
+600
+1% +$63.6K
CMS icon
392
CMS Energy
CMS
$21.7B
$4.91M 0.03%
79,999
+1,100
+1% +$67.6K
MOS icon
393
The Mosaic Company
MOS
$7.46B
$4.91M 0.03%
106,976
+1,000
+0.9% +$48.4K
TER icon
394
Teradyne
TER
$57.1B
$4.88M 0.03%
45,435
+400
+0.9% +$40.9K
MKTX icon
395
MarketAxess Holdings
MKTX
$5.72B
$4.86M 0.03%
12,421
+100
+0.8% +$35.4K
FICO icon
396
Fair Isaac
FICO
$22.7B
$4.85M 0.03%
6,900
+528
+8% +$351K
CINF icon
397
Cincinnati Financial
CINF
$26.7B
$4.84M 0.03%
43,206
+500
+1% +$56.9K
LKQ icon
398
LKQ Corp
LKQ
$6.22B
$4.83M 0.03%
85,183
+700
+0.8% +$39.5K
IEX icon
399
IDEX
IEX
$17.2B
$4.78M 0.03%
20,680
+200
+1% +$45.4K
VTR icon
400
Ventas
VTR
$47.2B
$4.76M 0.03%
109,805
+1,200
+1% +$57.8K
14 15
16
17 18

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.