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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
RJF icon
376
Raymond James Financial
RJF
$34B
$5.44M 0.03%
52,444
-800
-2% -$74.3K
CLX icon
377
Clorox
CLX
$12.7B
$5.4M 0.03%
33,951
– –
BR icon
378
Broadridge
BR
$19B
$5.38M 0.03%
32,460
+100
+0.3% +$15.1K
FITB
379
Fifth Third Bancorp
FITB
$51.8B
$5.36M 0.03%
204,516
+2,700
+1% +$69.6K
BLDR icon
380
Builders FirstSource
BLDR
$8.04B
$5.35M 0.03%
39,312
+2,100
+6% +$234K
TDY icon
381
Teledyne Technologies
TDY
$32B
$5.33M 0.03%
12,969
+100
+0.8% +$41.2K
LVS icon
382
Las Vegas Sands
LVS
$29.6B
$5.24M 0.03%
90,401
+200
+0.2% +$11.8K
COO icon
383
Cooper Companies
COO
$14.5B
$5.23M 0.03%
54,544
+400
+0.7% +$37.5K
MRO
384
DELISTED
Marathon Oil Corporation
MRO
$5.2M 0.03%
225,905
+5,600
+3% +$132K
VTR icon
385
Ventas
VTR
$47.9B
$5.2M 0.03%
110,005
+200
+0.2% +$9.06K
CCL icon
386
Carnival Corporation Ltd
CCL
$39.7B
$5.2M 0.03%
276,144
+900
+0.3% +$10.5K
FSLR icon
387
First Solar
FSLR
$26.9B
$5.19M 0.03%
27,300
+100
+0.4% +$19.8K
TSN icon
388
Tyson Foods
TSN
$20.4B
$5.15M 0.03%
100,928
-5,200
-5% -$283K
MAA icon
389
Mid-America Apartment Communities
MAA
$15.7B
$5.15M 0.03%
33,899
+800
+2% +$120K
CAG icon
390
Conagra Brands
CAG
$7.23B
$5.15M 0.03%
152,601
+1,200
+0.8% +$43.3K
BROS icon
391
Dutch Bros
BROS
$9.26B
$5.12M 0.03%
180,000
– –
GRMN
392
Garmin
GRMN
$60B
$5.1M 0.03%
48,897
+3,400
+7% +$347K
CF icon
393
CF Industries
CF
$17.3B
$5.1M 0.03%
73,454
+4,400
+6% +$307K
PFG icon
394
Principal Financial Group
PFG
$24.3B
$5.09M 0.03%
67,180
-9,000
-12% -$649K
CPAY icon
395
Corpay
CPAY
$25.7B
$5.09M 0.03%
20,284
– –
SJM icon
396
J.M. Smucker
SJM
$12.8B
$5.07M 0.03%
34,361
-100
-0.3% -$15.3K
CNP icon
397
CenterPoint Energy
CNP
$26.8B
$5.06M 0.03%
173,547
+700
+0.4% +$20.7K
TER icon
398
Teradyne
TER
$59.3B
$5.05M 0.03%
45,335
-100
-0.2% -$10K
MOH icon
399
Molina Healthcare
MOH
$10.3B
$5.04M 0.03%
16,732
+700
+4% +$201K
BALL icon
400
Ball Corp
BALL
$16.8B
$5.04M 0.03%
86,501
+300
+0.3% +$16.3K
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
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.