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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
+9.1%
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
AVY icon
426
Avery Dennison
AVY
$13.4B
$4.36M 0.03%
25,387
+3,200
+14% +$547K
EVRG icon
427
Evergy
EVRG
$19.2B
$4.35M 0.03%
74,381
+3,500
+5% +$211K
SYF icon
428
Synchrony
SYF
$25.6B
$4.32M 0.03%
127,240
+7,200
+6% +$220K
IPG
429
DELISTED
Interpublic Group of Companies
IPG
$4.31M 0.03%
111,692
-1,000
-0.9% -$37.7K
HBAN icon
430
Huntington Bancshares
HBAN
$35.5B
$4.28M 0.03%
396,950
+700
+0.2% +$7.48K
TXT icon
431
Textron
TXT
$15.4B
$4.27M 0.03%
63,171
-3,000
-5% -$198K
SNAP icon
432
Snap
SNAP
$9.01B
$4.25M 0.03%
359,370
– –
NTRS icon
433
Northern Trust
NTRS
$33.9B
$4.25M 0.03%
57,313
+100
+0.2% +$7.67K
CINF icon
434
Cincinnati Financial
CINF
$27.1B
$4.2M 0.03%
43,206
– –
ZBRA icon
435
Zebra Technologies
ZBRA
$17.8B
$4.2M 0.03%
14,191
– –
BWA icon
436
BorgWarner
BWA
$13.9B
$4.19M 0.03%
97,221
-1,477
-1% -$60.7K
SEDG icon
437
SolarEdge
SEDG
$1.95B
$4.18M 0.03%
15,536
+200
+1% +$57.4K
PTC icon
438
PTC
PTC
$16B
$4.16M 0.03%
29,254
– –
J icon
439
Jacobs Solutions
J
$17B
$4.15M 0.03%
42,192
+121
+0.3% +$11.5K
MOS icon
440
The Mosaic Company
MOS
$7.33B
$4.14M 0.03%
118,276
+11,300
+11% +$437K
ESS icon
441
Essex Property Trust
ESS
$18.5B
$4.14M 0.03%
17,660
-100
-0.6% -$21.9K
JBHT icon
442
JB Hunt Transport Services
JBHT
$25.2B
$4.13M 0.03%
22,795
-2,300
-9% -$400K
DECK icon
443
Deckers Outdoor
DECK
$13.3B
$4.12M 0.03%
46,896
+7,200
+18% +$579K
FMC icon
444
FMC
FMC
$1.33B
$4.11M 0.03%
39,358
+4,800
+14% +$540K
RVTY icon
445
Revvity
RVTY
$12.8B
$4.1M 0.03%
34,538
-100
-0.3% -$12.3K
VTRS icon
446
Viatris
VTRS
$18.9B
$4.1M 0.03%
410,420
+15,600
+4% +$149K
AMCR icon
447
Amcor
AMCR
$22.1B
$4.04M 0.02%
80,915
-680
-0.8% -$35.4K
CBOE icon
448
Cboe Global Markets
CBOE
$29.9B
$4M 0.02%
29,003
-100
-0.3% -$13.6K
CFG icon
449
Citizens Financial Group
CFG
$30.6B
$3.96M 0.02%
151,873
+500
+0.3% +$13.8K
SWK icon
450
Stanley Black & Decker
SWK
$15.7B
$3.95M 0.02%
42,131
-4,200
-9% -$348K
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
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.