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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
RS icon
426
Reliance Steel & Aluminium
RS
$21.9B
$4.17M 0.03%
15,897
-1,000
-6% -$277K
LVS icon
427
Las Vegas Sands
LVS
$29.4B
$4.13M 0.03%
90,101
-300
-0.3% -$16.2K
HBAN icon
428
Huntington Bancshares
HBAN
$35.6B
$4.13M 0.03%
396,950
– –
TAP icon
429
Molson Coors Class B
TAP
$7.93B
$4.13M 0.03%
64,870
-3,400
-5% -$221K
CAG icon
430
Conagra Brands
CAG
$7.07B
$4.09M 0.03%
149,101
-3,500
-2% -$108K
EPAM icon
431
EPAM Systems
EPAM
$5.02B
$4.07M 0.03%
15,927
– –
DGX icon
432
Quest Diagnostics
DGX
$26.2B
$4.06M 0.03%
33,317
-600
-2% -$79.9K
SNA icon
433
Snap-on
SNA
$21.3B
$4.04M 0.03%
15,822
-300
-2% -$81.1K
MOS icon
434
The Mosaic Company
MOS
$7.46B
$4.03M 0.03%
113,276
-5,000
-4% -$192K
HUBB icon
435
Hubbell
HUBB
$26.7B
$4.01M 0.03%
12,799
-400
-3% -$127K
JBL icon
436
Jabil
JBL
$35.3B
$3.97M 0.03%
31,311
-1,400
-4% -$153K
SJM icon
437
J.M. Smucker
SJM
$12.6B
$3.97M 0.03%
32,261
-2,100
-6% -$298K
NTRS icon
438
Northern Trust
NTRS
$34.4B
$3.94M 0.03%
56,713
-600
-1% -$45.3K
VTRS icon
439
Viatris
VTRS
$18.7B
$3.91M 0.03%
396,820
-13,600
-3% -$142K
CFG icon
440
Citizens Financial Group
CFG
$30.6B
$3.9M 0.03%
145,373
-6,500
-4% -$186K
OVV icon
441
Ovintiv
OVV
$17.6B
$3.88M 0.03%
81,500
-3,500
-4% -$159K
AXON
442
Axon Enterprise
AXON
$48.4B
$3.84M 0.02%
19,300
– –
UAL icon
443
United Airlines
UAL
$40.2B
$3.8M 0.02%
89,928
-300
-0.3% -$15.2K
CCL icon
444
Carnival Corporation Ltd
CCL
$38B
$3.79M 0.02%
276,144
– –
RVTY icon
445
Revvity
RVTY
$12.9B
$3.77M 0.02%
34,038
-500
-1% -$58.8K
SYF icon
446
Synchrony
SYF
$25.4B
$3.75M 0.02%
122,540
-4,700
-4% -$156K
ESS icon
447
Essex Property Trust
ESS
$18.2B
$3.72M 0.02%
17,560
-100
-0.6% -$23.4K
LDOS icon
448
Leidos
LDOS
$17.5B
$3.72M 0.02%
40,392
-700
-2% -$65.9K
DECK icon
449
Deckers Outdoor
DECK
$13.3B
$3.71M 0.02%
43,296
-3,600
-8% -$322K
AMCR icon
450
Amcor
AMCR
$21.8B
$3.69M 0.02%
80,675
-240
-0.3% -$11.6K
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 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.