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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
PG icon
26
Procter & Gamble
PG
$339B
$94.3M 0.61%
646,237
-1,900
-0.3% -$290K
PEP icon
27
PepsiCo
PEP
$190B
$89.3M 0.58%
527,222
+23,600
+5% +$4.29M
OMF icon
28
OneMain Financial
OMF
$7.47B
$87M 0.56%
2,170,000
– –
INTU icon
29
Intuit
INTU
$89B
$85.7M 0.55%
167,690
+9,600
+6% +$4.86M
CVX icon
30
Chevron
CVX
$366B
$82M 0.53%
486,415
+7,200
+2% +$1.16M
TMO icon
31
Thermo Fisher Scientific
TMO
$220B
$81.9M 0.53%
161,810
-300
-0.2% -$160K
RITM icon
32
Rithm Capital
RITM
$5.69B
$78.1M 0.51%
8,404,734
– –
BMY icon
33
Bristol-Myers Squibb
BMY
$132B
$77.4M 0.5%
1,333,433
+133,700
+11% +$8.19M
AMD icon
34
Advanced Micro Devices
AMD
$789B
$77.3M 0.5%
751,340
+100
+0% +$10.9K
ABBV icon
35
AbbVie
ABBV
$435B
$74.2M 0.48%
498,108
-4,700
-0.9% -$690K
MRK icon
36
Merck
MRK
$318B
$74.2M 0.48%
720,790
-8,400
-1% -$905K
CSCO icon
37
Cisco
CSCO
$479B
$72.6M 0.47%
1,350,866
-56,100
-4% -$3.03M
COST icon
38
Costco
COST
$420B
$72M 0.47%
127,369
-2,000
-2% -$1.1M
PANW icon
39
Palo Alto Networks
PANW
$297B
$69M 0.45%
588,920
+1,200
+0.2% +$142K
ADBE icon
40
Adobe
ADBE
$105B
$67.1M 0.43%
131,523
-2,700
-2% -$1.42M
MSCI icon
41
MSCI
MSCI
$40.9B
$64.7M 0.42%
126,102
-300
-0.2% -$158K
TDG icon
42
TransDigm Group
TDG
$67.7B
$64.2M 0.42%
76,092
+700
+0.9% +$614K
ISRG icon
43
Intuitive Surgical
ISRG
$134B
$63.4M 0.41%
216,853
-12,400
-5% -$3.87M
KO icon
44
Coca-Cola
KO
$375B
$62.6M 0.4%
1,117,748
-15,800
-1% -$948K
WMT icon
45
Walmart Inc
WMT
$890B
$62.6M 0.4%
1,173,720
+16,800
+1% +$894K
BRK.A icon
46
Berkshire Hathaway Class A
BRK.A
$1.12T
$61.7M 0.4%
116
– –
TDOC icon
47
Teladoc Health
TDOC
$1.3B
$58.8M 0.38%
3,163,000
-670,000
-17% -$15.6M
PFE icon
48
Pfizer
PFE
$153B
$58.7M 0.38%
1,770,384
-49,100
-3% -$1.74M
CVS icon
49
CVS Health
CVS
$122B
$56.1M 0.36%
803,677
+190,000
+31% +$13.5M
ACN icon
50
Accenture
ACN
$108B
$56M 0.36%
182,338
-3,000
-2% -$945K
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 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.