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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
NDAQ icon
401
Nasdaq
NDAQ
$53.4B
$4.51M 0.03%
92,890
-200
-0.2% -$10.1K
AVY icon
402
Avery Dennison
AVY
$13.5B
$4.51M 0.03%
24,687
-700
-3% -$127K
BRO icon
403
Brown & Brown
BRO
$24B
$4.51M 0.03%
64,551
-200
-0.3% -$14.3K
ENPH icon
404
Enphase Energy
ENPH
$5.41B
$4.5M 0.03%
37,415
-300
-0.8% -$42.7K
POOL icon
405
Pool Corp
POOL
$7.27B
$4.48M 0.03%
12,589
-400
-3% -$146K
BG icon
406
Bunge Global
BG
$21.6B
$4.47M 0.03%
41,300
-100
-0.2% -$11K
TER icon
407
Teradyne
TER
$57.1B
$4.46M 0.03%
44,435
-900
-2% -$94.9K
TYL icon
408
Tyler Technologies
TYL
$13B
$4.45M 0.03%
11,537
– –
CLX icon
409
Clorox
CLX
$13B
$4.45M 0.03%
33,951
– –
AKAM icon
410
Akamai
AKAM
$16.9B
$4.44M 0.03%
41,689
-200
-0.5% -$19.9K
CINF icon
411
Cincinnati Financial
CINF
$26.7B
$4.4M 0.03%
43,006
-200
-0.5% -$20.9K
MAA icon
412
Mid-America Apartment Communities
MAA
$15.4B
$4.31M 0.03%
33,499
-400
-1% -$57.8K
COO icon
413
Cooper Companies
COO
$14.9B
$4.3M 0.03%
54,144
-400
-0.7% -$36.9K
IEX icon
414
IDEX
IEX
$17.2B
$4.3M 0.03%
20,680
-100
-0.5% -$21.7K
BALL icon
415
Ball Corp
BALL
$16.6B
$4.3M 0.03%
86,401
-100
-0.1% -$5.46K
K
416
DELISTED
Kellanova
K
$4.3M 0.03%
76,915
+1,597
+2% +$95K
EXPE icon
417
Expedia Group
EXPE
$37.7B
$4.28M 0.03%
41,564
-2,200
-5% -$243K
ARE icon
418
Alexandria Real Estate Equities
ARE
$8.32B
$4.28M 0.03%
42,718
-600
-1% -$69.7K
CMS icon
419
CMS Energy
CMS
$21.7B
$4.25M 0.03%
79,999
-200
-0.2% -$11.6K
PKG icon
420
Packaging Corp of America
PKG
$22.7B
$4.25M 0.03%
27,663
-800
-3% -$117K
LKQ icon
421
LKQ Corp
LKQ
$6.22B
$4.24M 0.03%
85,683
+1,200
+1% +$64.2K
APA icon
422
APA Corp
APA
$14.4B
$4.24M 0.03%
103,173
-4,200
-4% -$173K
JBHT icon
423
JB Hunt Transport Services
JBHT
$25B
$4.22M 0.03%
22,395
-400
-2% -$76.8K
OMC icon
424
Omnicom Group
OMC
$23.2B
$4.21M 0.03%
56,584
-1,300
-2% -$107K
BROS icon
425
Dutch Bros
BROS
$8.96B
$4.18M 0.03%
180,000
– –
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 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.