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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
GGG icon
451
Graco
GGG
$13.4B
$3.91M 0.02%
45,264
+2,700
+6% +$210K
BG icon
452
Bunge Global
BG
$21.2B
$3.91M 0.02%
41,400
+300
+0.7% +$27.8K
AES icon
453
AES
AES
$10.5B
$3.82M 0.02%
184,095
+700
+0.4% +$15.4K
AXON
454
Axon Enterprise
AXON
$46.6B
$3.77M 0.02%
19,300
+2,220
+13% +$460K
AKAM icon
455
Akamai
AKAM
$16.6B
$3.76M 0.02%
41,889
-1,300
-3% -$111K
PKG icon
456
Packaging Corp of America
PKG
$22.7B
$3.76M 0.02%
28,463
-300
-1% -$40.1K
APA icon
457
APA Corp
APA
$13.8B
$3.67M 0.02%
107,373
-18,300
-15% -$639K
NDSN icon
458
Nordson
NDSN
$17.2B
$3.66M 0.02%
14,751
– –
UDR icon
459
UDR
UDR
$12.2B
$3.65M 0.02%
85,045
+100
+0.1% +$4.11K
MGM icon
460
MGM Resorts International
MGM
$11B
$3.65M 0.02%
83,044
-3,400
-4% -$145K
KMX icon
461
CarMax
KMX
$8.29B
$3.64M 0.02%
43,548
+200
+0.5% +$14.6K
LDOS icon
462
Leidos
LDOS
$17.4B
$3.64M 0.02%
41,092
-400
-1% -$34.1K
JKHY icon
463
Jack Henry & Associates
JKHY
$11.1B
$3.63M 0.02%
21,716
+600
+3% +$93.4K
LNT icon
464
Alliant Energy
LNT
$17.8B
$3.63M 0.02%
69,159
+200
+0.3% +$10.7K
BF.B icon
465
Brown-Forman Class B
BF.B
$12.9B
$3.63M 0.02%
54,297
-2,900
-5% -$186K
OC icon
466
Owens Corning
OC
$12.2B
$3.61M 0.02%
27,688
-3,300
-11% -$362K
LYV icon
467
Live Nation Entertainment
LYV
$42B
$3.61M 0.02%
39,611
+500
+1% +$39K
TRMB icon
468
Trimble
TRMB
$13.9B
$3.61M 0.02%
68,123
+400
+0.6% +$19.6K
EPAM icon
469
EPAM Systems
EPAM
$5.03B
$3.58M 0.02%
15,927
+100
+0.6% +$25.2K
MAS icon
470
Masco
MAS
$15B
$3.55M 0.02%
61,917
+100
+0.2% +$5.23K
JBL icon
471
Jabil
JBL
$35.9B
$3.53M 0.02%
32,711
-1,000
-3% -$88.1K
TECH icon
472
Bio-Techne
TECH
$11.3B
$3.53M 0.02%
43,244
+100
+0.2% +$8.04K
WSO icon
473
Watsco Inc
WSO
$13.6B
$3.46M 0.02%
9,083
+700
+8% +$237K
QRVO icon
474
Qorvo
QRVO
$8.66B
$3.45M 0.02%
33,819
-100
-0.3% -$9.6K
L icon
475
Loews
L
$23.6B
$3.45M 0.02%
58,052
-2,200
-4% -$127K
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
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.