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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
INVH icon
376
Invitation Homes
INVH
$17.8B
$5M 0.03%
157,700
-2,100
-1% -$72.1K
GRMN
377
Garmin
GRMN
$60.4B
$5M 0.03%
47,497
-1,400
-3% -$147K
VRSN icon
378
VeriSign
VRSN
$26.5B
$4.98M 0.03%
24,579
-300
-1% -$62.3K
HWM icon
379
Howmet Aerospace
HWM
$113B
$4.96M 0.03%
107,345
+6,200
+6% +$302K
TSN icon
380
Tyson Foods
TSN
$20.1B
$4.9M 0.03%
97,128
-3,800
-4% -$202K
FE icon
381
FirstEnergy
FE
$27.1B
$4.83M 0.03%
141,444
-8,200
-5% -$305K
RF icon
382
Regions Financial
RF
$26.8B
$4.78M 0.03%
277,739
-4,700
-2% -$89K
IFF icon
383
International Flavors & Fragrances
IFF
$21.7B
$4.77M 0.03%
70,015
-100
-0.1% -$7.31K
EG icon
384
Everest Group
EG
$14.2B
$4.76M 0.03%
12,811
-100
-0.8% -$36.3K
IRM icon
385
Iron Mountain
IRM
$36.2B
$4.76M 0.03%
80,046
-100
-0.1% -$6.11K
TXT icon
386
Textron
TXT
$15.3B
$4.76M 0.03%
60,871
-2,300
-4% -$171K
DRI icon
387
Darden Restaurants
DRI
$24.9B
$4.74M 0.03%
33,112
-100
-0.3% -$15.9K
FSLR icon
388
First Solar
FSLR
$25.7B
$4.73M 0.03%
29,300
+2,000
+7% +$373K
EQT icon
389
EQT Corp
EQT
$33.8B
$4.72M 0.03%
116,200
-3,500
-3% -$145K
BB icon
390
BlackBerry
BB
$5.18B
$4.71M 0.03%
1,000,000
– –
J icon
391
Jacobs Solutions
J
$17.2B
$4.71M 0.03%
41,708
-484
-1% -$52.1K
PFG icon
392
Principal Financial Group
PFG
$24.4B
$4.69M 0.03%
65,080
-2,100
-3% -$163K
HOLX
393
DELISTED
Hologic
HOLX
$4.66M 0.03%
67,165
-500
-0.7% -$37.8K
VTR icon
394
Ventas
VTR
$47.2B
$4.65M 0.03%
110,305
+300
+0.3% +$13.5K
CNP icon
395
CenterPoint Energy
CNP
$26.4B
$4.65M 0.03%
173,047
-500
-0.3% -$14.4K
PTC icon
396
PTC
PTC
$16.4B
$4.61M 0.03%
32,554
+3,300
+11% +$472K
WAT icon
397
Waters Corp
WAT
$40.4B
$4.61M 0.03%
16,797
-100
-0.6% -$27.6K
LUV icon
398
Southwest Airlines
LUV
$22B
$4.59M 0.03%
169,703
-1,400
-0.8% -$45.7K
BLDR icon
399
Builders FirstSource
BLDR
$7.74B
$4.52M 0.03%
36,312
-3,000
-8% -$414K
CBOE icon
400
Cboe Global Markets
CBOE
$29.8B
$4.51M 0.03%
28,903
-100
-0.3% -$14.7K
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 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.