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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
GEN icon
476
Gen Digital
GEN
$17.5B
$3.39M 0.02%
182,675
+26,500
+17% +$464K
KIM icon
477
Kimco Realty
KIM
$16.2B
$3.36M 0.02%
170,433
-6,900
-4% -$130K
JNPR
478
DELISTED
Juniper Networks
JNPR
$3.34M 0.02%
106,624
+500
+0.5% +$15.4K
CHRW icon
479
C.H. Robinson
CHRW
$17.3B
$3.34M 0.02%
35,348
-1,300
-4% -$126K
FOXA icon
480
Fox Class A
FOXA
$26.6B
$3.31M 0.02%
97,312
-2,300
-2% -$75.2K
IP icon
481
International Paper
IP
$21.9B
$3.3M 0.02%
103,848
-2,800
-3% -$91.7K
HST icon
482
Host Hotels & Resorts
HST
$15.5B
$3.29M 0.02%
195,529
-800
-0.4% -$13.4K
WRB icon
483
W.R. Berkley
WRB
$26.3B
$3.29M 0.02%
82,869
-1,050
-1% -$41.3K
STX icon
484
Seagate
STX
$182B
$3.28M 0.02%
53,005
-10,028
-16% -$612K
DPZ icon
485
Domino's
DPZ
$11.5B
$3.26M 0.02%
9,680
– –
LSCC icon
486
Lattice Semiconductor
LSCC
$18.2B
$3.25M 0.02%
33,862
-800
-2% -$68.8K
PEN icon
487
Penumbra
PEN
$12.8B
$3.24M 0.02%
9,414
-200
-2% -$61.4K
OVV icon
488
Ovintiv
OVV
$17.6B
$3.24M 0.02%
85,000
+69,700
+456% +$2.52M
CSL icon
489
Carlisle Companies
CSL
$15.3B
$3.23M 0.02%
12,572
-500
-4% -$111K
AAL icon
490
American Airlines Group
AAL
$9.93B
$3.22M 0.02%
179,505
+800
+0.4% +$11.7K
HRL icon
491
Hormel Foods
HRL
$13.6B
$3.2M 0.02%
79,675
+100
+0.1% +$4.01K
MTCH icon
492
Match Group
MTCH
$8.43B
$3.2M 0.02%
76,553
-100
-0.1% -$3.66K
CPT icon
493
Camden Property Trust
CPT
$11B
$3.2M 0.02%
29,400
-800
-3% -$86.2K
CE icon
494
Celanese
CE
$4.88B
$3.19M 0.02%
27,552
-4,692
-15% -$508K
INCY icon
495
Incyte
INCY
$24.6B
$3.17M 0.02%
50,959
+100
+0.2% +$6.68K
TWST icon
496
Twist Bioscience
TWST
$7.83B
$3.13M 0.02%
153,172
– –
TFX icon
497
Teleflex
TFX
$5.89B
$3.13M 0.02%
12,917
– –
NI icon
498
NiSource
NI
$20B
$3.11M 0.02%
113,569
+2,000
+2% +$55.5K
UHS icon
499
Universal Health Services
UHS
$10.5B
$3.07M 0.02%
19,474
-100
-0.5% -$13.9K
PARA
500
DELISTED
Paramount Global Class B
PARA
$3.05M 0.02%
191,948
+7,056
+4% +$127K
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
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 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.