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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
CPAY icon
426
Corpay
CPAY
$26.2B
$4.28M 0.03%
20,284
+200
+1% +$40.6K
BWA icon
427
BorgWarner
BWA
$14.1B
$4.27M 0.03%
98,698
+795
+0.8% +$32.9K
EG icon
428
Everest Group
EG
$14.2B
$4.23M 0.03%
11,811
+100
+0.9% +$35.9K
IRM icon
429
Iron Mountain
IRM
$36.2B
$4.22M 0.03%
79,846
+800
+1% +$41.9K
FMC icon
430
FMC
FMC
$1.31B
$4.22M 0.03%
34,558
+300
+0.9% +$37.8K
IPG
431
DELISTED
Interpublic Group of Companies
IPG
$4.2M 0.03%
112,692
+1,100
+1% +$39.5K
STX icon
432
Seagate
STX
$182B
$4.17M 0.03%
63,033
+500
+0.8% +$31.8K
LW icon
433
Lamb Weston
LW
$7.12B
$4.13M 0.03%
39,532
+400
+1% +$39.6K
SNA icon
434
Snap-on
SNA
$21.3B
$4.13M 0.03%
16,722
+200
+1% +$48.8K
PARA
435
DELISTED
Paramount Global Class B
PARA
$4.12M 0.03%
184,892
+1,400
+0.8% +$30K
J icon
436
Jacobs Solutions
J
$17.2B
$4.09M 0.03%
42,071
+121
+0.3% +$12.1K
TYL icon
437
Tyler Technologies
TYL
$13B
$4.06M 0.03%
11,437
+100
+0.9% +$32.5K
POOL icon
438
Pool Corp
POOL
$7.27B
$4.04M 0.03%
11,789
+100
+0.9% +$35.5K
SNAP icon
439
Snap
SNAP
$9.05B
$4.03M 0.03%
359,370
– –
PKG icon
440
Packaging Corp of America
PKG
$22.7B
$3.99M 0.03%
28,763
+200
+0.7% +$27.2K
UAL icon
441
United Airlines
UAL
$40.2B
$3.97M 0.03%
89,728
+900
+1% +$43.1K
AVY icon
442
Avery Dennison
AVY
$13.5B
$3.97M 0.03%
22,187
+200
+0.9% +$36.3K
RCL icon
443
Royal Caribbean
RCL
$82.4B
$3.94M 0.03%
60,301
+700
+1% +$46.2K
EXPE icon
444
Expedia Group
EXPE
$37.7B
$3.94M 0.03%
40,564
-400
-1% -$41.9K
BG icon
445
Bunge Global
BG
$21.6B
$3.93M 0.03%
+41,100
New +$3.99M
CBOE icon
446
Cboe Global Markets
CBOE
$29.8B
$3.91M 0.03%
29,103
+300
+1% +$37.7K
IP icon
447
International Paper
IP
$21.9B
$3.85M 0.03%
106,648
+1,000
+0.9% +$37K
ETSY icon
448
Etsy
ETSY
$7.38B
$3.85M 0.03%
34,543
+400
+1% +$49.6K
AXON
449
Axon Enterprise
AXON
$48.4B
$3.84M 0.03%
17,080
-100
-0.6% -$19.9K
MGM icon
450
MGM Resorts International
MGM
$10.9B
$3.84M 0.03%
86,444
-200
-0.2% -$8.31K
16 17
18
19 20

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.