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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
FOXA icon
476
Fox Class A
FOXA
$26.1B
$3.39M 0.02%
99,612
-600
-0.6% -$20.3K
AKAM icon
477
Akamai
AKAM
$16.8B
$3.38M 0.02%
43,189
+500
+1% +$40.5K
LSCC icon
478
Lattice Semiconductor
LSCC
$17.9B
$3.31M 0.02%
34,662
-200
-0.6% -$16.5K
BLDR icon
479
Builders FirstSource
BLDR
$8.03B
$3.3M 0.02%
37,212
-300
-0.8% -$23.8K
DOC icon
480
Healthpeak Properties
DOC
$14.3B
$3.3M 0.02%
150,193
+4,100
+3% +$102K
HUBB icon
481
Hubbell
HUBB
$27.4B
$3.28M 0.02%
13,499
-200
-1% -$47.9K
NDSN icon
482
Nordson
NDSN
$17.4B
$3.28M 0.02%
14,751
+100
+0.7% +$22.9K
TFX icon
483
Teleflex
TFX
$5.9B
$3.27M 0.02%
12,917
+200
+2% +$48.5K
CTLT
484
DELISTED
CATALENT, INC.
CTLT
$3.25M 0.02%
49,483
+600
+1% +$37.1K
HST icon
485
Host Hotels & Resorts
HST
$15.4B
$3.24M 0.02%
196,329
+2,000
+1% +$34K
KEY icon
486
KeyCorp
KEY
$24.4B
$3.21M 0.02%
256,328
+2,800
+1% +$47.3K
TECH icon
487
Bio-Techne
TECH
$11.2B
$3.2M 0.02%
43,144
+500
+1% +$38.5K
DPZ icon
488
Domino's
DPZ
$11.8B
$3.19M 0.02%
9,680
+100
+1% +$33.3K
JKHY icon
489
Jack Henry & Associates
JKHY
$11B
$3.18M 0.02%
21,116
+200
+1% +$33.4K
HRL icon
490
Hormel Foods
HRL
$13.4B
$3.17M 0.02%
79,575
+900
+1% +$38.9K
CPT icon
491
Camden Property Trust
CPT
$11B
$3.17M 0.02%
30,200
+1,200
+4% +$137K
WYNN icon
492
Wynn Resorts
WYNN
$10.7B
$3.16M 0.02%
28,272
+200
+0.7% +$20.9K
HSIC icon
493
Henry Schein
HSIC
$9.98B
$3.15M 0.02%
38,660
+300
+0.8% +$24.4K
NI icon
494
NiSource
NI
$20.2B
$3.12M 0.02%
111,569
+1,200
+1% +$32.8K
GGG icon
495
Graco
GGG
$13.6B
$3.11M 0.02%
42,564
-300
-0.7% -$20.8K
DAY
496
DELISTED
Dayforce
DAY
$3.09M 0.02%
42,210
+500
+1% +$35.5K
MAS icon
497
Masco
MAS
$14.9B
$3.07M 0.02%
61,817
+500
+0.8% +$25.8K
CPB icon
498
Campbell Soup
CPB
$6.74B
$3.03M 0.02%
55,101
+500
+0.9% +$26.5K
EMN icon
499
Eastman Chemical
EMN
$8.53B
$2.97M 0.02%
35,268
– –
DECK icon
500
Deckers Outdoor
DECK
$12.8B
$2.97M 0.02%
39,696
-600
-1% -$41.9K
18 19
20
21 22

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
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
OAG
Orbis Allan Gray Hamilton, Bermuda $23.7B AUM 65.43% 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.