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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
LDOS icon
451
Leidos
LDOS
$17.5B
$3.82M 0.03%
41,492
+400
+1% +$38.7K
RS icon
452
Reliance Steel & Aluminium
RS
$21.9B
$3.8M 0.03%
14,797
-100
-0.7% -$23.6K
VTRS icon
453
Viatris
VTRS
$18.7B
$3.8M 0.03%
394,820
+3,400
+0.9% +$37.7K
PTC icon
454
PTC
PTC
$16.4B
$3.75M 0.02%
29,254
+500
+2% +$63.6K
SWK icon
455
Stanley Black & Decker
SWK
$15.5B
$3.73M 0.02%
46,331
+400
+0.9% +$33.7K
ESS icon
456
Essex Property Trust
ESS
$18.2B
$3.71M 0.02%
17,760
+200
+1% +$44.1K
BRO icon
457
Brown & Brown
BRO
$24B
$3.71M 0.02%
64,551
+700
+1% +$40.2K
LNT icon
458
Alliant Energy
LNT
$17.7B
$3.68M 0.02%
68,959
+700
+1% +$37.2K
BF.B icon
459
Brown-Forman Class B
BF.B
$12.9B
$3.68M 0.02%
57,197
+500
+0.9% +$32.5K
INCY icon
460
Incyte
INCY
$24.6B
$3.68M 0.02%
50,859
+700
+1% +$54.8K
JNPR
461
DELISTED
Juniper Networks
JNPR
$3.65M 0.02%
106,124
+800
+0.8% +$25.3K
CHRW icon
462
C.H. Robinson
CHRW
$17.3B
$3.64M 0.02%
36,648
+300
+0.8% +$29.5K
EQT icon
463
EQT Corp
EQT
$33.8B
$3.64M 0.02%
114,000
+1,000
+0.9% +$32.1K
TAP icon
464
Molson Coors Class B
TAP
$7.93B
$3.58M 0.02%
69,270
+500
+0.7% +$25.9K
TRMB icon
465
Trimble
TRMB
$13.6B
$3.55M 0.02%
67,723
+700
+1% +$37.3K
UGI icon
466
UGI
UGI
$7.29B
$3.55M 0.02%
102,000
-300
-0.3% -$11.4K
CLF icon
467
Cleveland-Cliffs
CLF
$7.13B
$3.53M 0.02%
192,427
-1,000
-0.5% -$19.8K
CE icon
468
Celanese
CE
$4.88B
$3.51M 0.02%
32,244
+200
+0.6% +$23.1K
L icon
469
Loews
L
$23.3B
$3.5M 0.02%
60,252
– –
SYF icon
470
Synchrony
SYF
$25.4B
$3.49M 0.02%
120,040
-2,400
-2% -$80.6K
UDR icon
471
UDR
UDR
$12.1B
$3.49M 0.02%
84,945
+1,800
+2% +$74.4K
WRB icon
472
W.R. Berkley
WRB
$26.3B
$3.48M 0.02%
83,919
+600
+0.7% +$26.8K
KIM icon
473
Kimco Realty
KIM
$16.2B
$3.46M 0.02%
177,333
+1,700
+1% +$35K
SFIX
474
Stitch Fix
SFIX
$530M
$3.46M 0.02%
676,983
-300,000
-31% -$1.41M
QRVO icon
475
Qorvo
QRVO
$8.56B
$3.45M 0.02%
33,919
-100
-0.3% -$10.1K
17 18
19
20 21

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.