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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
BALL icon
401
Ball Corp
BALL
$16.6B
$4.75M 0.03%
86,201
+900
+1% +$50.1K
BR icon
402
Broadridge
BR
$19.8B
$4.74M 0.03%
32,360
+400
+1% +$57.2K
EPAM icon
403
EPAM Systems
EPAM
$5.02B
$4.73M 0.03%
15,827
-123,500
-89% -$39.8M
K
404
DELISTED
Kellanova
K
$4.71M 0.03%
74,892
+852
+1% +$53.8K
TXT icon
405
Textron
TXT
$15.3B
$4.67M 0.03%
66,171
+600
+0.9% +$42.8K
SEDG icon
406
SolarEdge
SEDG
$1.98B
$4.66M 0.03%
15,336
+100
+0.7% +$30.5K
DGX icon
407
Quest Diagnostics
DGX
$26.2B
$4.66M 0.03%
32,917
-400
-1% -$57.2K
AMCR icon
408
Amcor
AMCR
$21.8B
$4.64M 0.03%
81,595
+660
+0.8% +$37.8K
RVTY icon
409
Revvity
RVTY
$12.9B
$4.62M 0.03%
34,638
+300
+0.9% +$39.5K
CFG icon
410
Citizens Financial Group
CFG
$30.6B
$4.6M 0.03%
151,373
+1,400
+0.9% +$54.8K
GRMN
411
Garmin
GRMN
$60.4B
$4.59M 0.03%
45,497
+500
+1% +$48.8K
BB icon
412
BlackBerry
BB
$5.18B
$4.56M 0.03%
1,000,000
– –
TRGP icon
413
Targa Resources
TRGP
$57.1B
$4.54M 0.03%
62,200
+700
+1% +$51.6K
NTAP icon
414
NetApp
NTAP
$39B
$4.54M 0.03%
71,029
+100
+0.1% +$6.46K
APA icon
415
APA Corp
APA
$14.4B
$4.53M 0.03%
125,673
+900
+0.7% +$36.1K
ZBRA icon
416
Zebra Technologies
ZBRA
$17.9B
$4.51M 0.03%
14,191
+200
+1% +$60.4K
HBAN icon
417
Huntington Bancshares
HBAN
$35.6B
$4.44M 0.03%
396,250
+4,100
+1% +$57.1K
AES icon
418
AES
AES
$10.5B
$4.42M 0.03%
183,395
+1,900
+1% +$48.3K
WDC icon
419
Western Digital
WDC
$151B
$4.4M 0.03%
154,668
+1,720
+1% +$50.5K
JBHT icon
420
JB Hunt Transport Services
JBHT
$25B
$4.4M 0.03%
25,095
+300
+1% +$54.5K
NRG icon
421
NRG Energy
NRG
$25B
$4.38M 0.03%
127,648
+700
+0.6% +$23.2K
PLTR icon
422
Palantir
PLTR
$421B
$4.33M 0.03%
513,000
– –
EVRG icon
423
Evergy
EVRG
$18.9B
$4.33M 0.03%
70,881
+700
+1% +$42.6K
MOH icon
424
Molina Healthcare
MOH
$10.4B
$4.29M 0.03%
16,032
+200
+1% +$57.5K
HWM icon
425
Howmet Aerospace
HWM
$113B
$4.29M 0.03%
101,145
+1,100
+1% +$45.1K
15 16
17
18 19

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.