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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
TMO icon
26
Thermo Fisher Scientific
TMO
$220B
$94.4M 0.62%
163,710
+1,100
+0.7% +$620K
AVGO icon
27
Broadcom
AVGO
$2.04T
$92.2M 0.61%
1,437,660
+47,000
+3% +$2.83M
PEP icon
28
PepsiCo
PEP
$190B
$87.2M 0.57%
478,222
+3,800
+0.8% +$664K
BMY icon
29
Bristol-Myers Squibb
BMY
$132B
$84.5M 0.56%
1,218,933
+6,100
+0.5% +$430K
ABBV icon
30
AbbVie
ABBV
$435B
$82.2M 0.54%
516,032
+5,000
+1% +$764K
AMD icon
31
Advanced Micro Devices
AMD
$789B
$82M 0.54%
836,140
+18,500
+2% +$1.51M
OMF icon
32
OneMain Financial
OMF
$7.47B
$80.5M 0.53%
2,170,000
– –
CVX icon
33
Chevron
CVX
$366B
$79.7M 0.52%
488,515
+5,000
+1% +$838K
LLY icon
34
Eli Lilly
LLY
$1.06T
$79.5M 0.52%
231,604
+2,200
+1% +$742K
MRK icon
35
Merck
MRK
$318B
$77.8M 0.51%
730,990
+7,200
+1% +$777K
PFE icon
36
Pfizer
PFE
$153B
$72.3M 0.48%
1,771,584
+15,900
+0.9% +$687K
CSCO icon
37
Cisco
CSCO
$479B
$71.5M 0.47%
1,367,666
+12,200
+0.9% +$596K
KO icon
38
Coca-Cola
KO
$375B
$70.9M 0.47%
1,143,048
+11,000
+1% +$666K
MSCI icon
39
MSCI
MSCI
$40.9B
$70.7M 0.47%
126,402
-36,800
-23% -$19.5M
INTU icon
40
Intuit
INTU
$89B
$70.5M 0.46%
158,090
+11,100
+8% +$4.56M
COST icon
41
Costco
COST
$420B
$69.7M 0.46%
140,269
+1,600
+1% +$785K
RITM icon
42
Rithm Capital
RITM
$5.69B
$67.2M 0.44%
8,404,734
– –
TDG icon
43
TransDigm Group
TDG
$67.7B
$59.9M 0.39%
81,292
-11,055
-12% -$7.9M
ISRG icon
44
Intuitive Surgical
ISRG
$134B
$58.5M 0.38%
229,153
+200
+0.1% +$49.3K
ANET icon
45
Arista Networks
ANET
$238B
$58.4M 0.38%
1,391,956
+2,800
+0.2% +$96.3K
WMT icon
46
Walmart Inc
WMT
$890B
$56.8M 0.37%
1,155,420
+4,800
+0.4% +$228K
MCD icon
47
McDonald's
MCD
$195B
$56.2M 0.37%
201,115
+2,100
+1% +$563K
CRM icon
48
Salesforce
CRM
$158B
$54.9M 0.36%
274,643
+2,900
+1% +$490K
BAC icon
49
Bank of America
BAC
$442B
$54.8M 0.36%
1,916,612
+19,700
+1% +$650K
BRK.A icon
50
Berkshire Hathaway Class A
BRK.A
$1.12T
$54M 0.36%
116
– –
1
2
3 4 5

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 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.