We are live on ! Find out more
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
RF icon
401
Regions Financial
RF
$26.8B
$5.03M 0.03%
282,439
+4,300
+2% +$75.9K
HWM icon
402
Howmet Aerospace
HWM
$112B
$5.01M 0.03%
101,145
– –
UAL icon
403
United Airlines
UAL
$42.1B
$4.95M 0.03%
90,228
+500
+0.6% +$23.6K
EQT icon
404
EQT Corp
EQT
$32.3B
$4.92M 0.03%
119,700
+5,700
+5% +$202K
LKQ icon
405
LKQ Corp
LKQ
$6.29B
$4.92M 0.03%
84,483
-700
-0.8% -$38.9K
ARE icon
406
Alexandria Real Estate Equities
ARE
$8.56B
$4.92M 0.03%
43,318
+100
+0.2% +$11.9K
POOL icon
407
Pool Corp
POOL
$7.5B
$4.87M 0.03%
12,989
+1,200
+10% +$410K
TYL icon
408
Tyler Technologies
TYL
$12.8B
$4.8M 0.03%
11,537
+100
+0.9% +$38.5K
EXPE icon
409
Expedia Group
EXPE
$37.3B
$4.79M 0.03%
43,764
+3,200
+8% +$314K
DGX icon
410
Quest Diagnostics
DGX
$26.3B
$4.77M 0.03%
33,917
+1,000
+3% +$138K
K
411
DELISTED
Kellanova
K
$4.77M 0.03%
75,318
+426
+0.6% +$27.2K
TRGP icon
412
Targa Resources
TRGP
$55.1B
$4.73M 0.03%
62,100
-100
-0.2% -$7.25K
CMS icon
413
CMS Energy
CMS
$22.3B
$4.71M 0.03%
80,199
+200
+0.3% +$12.1K
SNA icon
414
Snap-on
SNA
$21.5B
$4.65M 0.03%
16,122
-600
-4% -$155K
NDAQ icon
415
Nasdaq
NDAQ
$52.9B
$4.64M 0.03%
93,090
– –
LW icon
416
Lamb Weston
LW
$7.19B
$4.6M 0.03%
40,032
+500
+1% +$55.8K
RS icon
417
Reliance Steel & Aluminium
RS
$21.6B
$4.59M 0.03%
16,897
+2,100
+14% +$520K
IRM icon
418
Iron Mountain
IRM
$36.1B
$4.55M 0.03%
80,146
+300
+0.4% +$16.4K
WAT icon
419
Waters Corp
WAT
$39.9B
$4.5M 0.03%
16,897
+600
+4% +$167K
TAP icon
420
Molson Coors Class B
TAP
$8.09B
$4.49M 0.03%
68,270
-1,000
-1% -$61.8K
WDC icon
421
Western Digital
WDC
$150B
$4.49M 0.03%
156,520
+1,852
+1% +$51.5K
IEX icon
422
IDEX
IEX
$17.3B
$4.47M 0.03%
20,780
+100
+0.5% +$21K
BRO icon
423
Brown & Brown
BRO
$23.9B
$4.46M 0.03%
64,751
+200
+0.3% +$12.7K
EG icon
424
Everest Group
EG
$14.4B
$4.41M 0.03%
12,911
+1,100
+9% +$397K
HUBB icon
425
Hubbell
HUBB
$27.2B
$4.38M 0.03%
13,199
-300
-2% -$83.1K
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
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.