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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
TWST icon
476
Twist Bioscience
TWST
$7.79B
$3.1M 0.02%
153,172
– –
BF.B icon
477
Brown-Forman Class B
BF.B
$12.8B
$3.08M 0.02%
53,397
-900
-2% -$59.9K
QRVO icon
478
Qorvo
QRVO
$8.66B
$3.08M 0.02%
32,219
-1,600
-5% -$163K
KMX icon
479
CarMax
KMX
$8.3B
$3.07M 0.02%
43,348
-200
-0.5% -$16.4K
PODD icon
480
Insulet
PODD
$9.99B
$3.05M 0.02%
19,100
-100
-0.5% -$22.4K
FFIV icon
481
F5
FFIV
$23.4B
$3.04M 0.02%
18,888
-800
-4% -$125K
ROL icon
482
Rollins
ROL
$17.8B
$3.04M 0.02%
81,358
+12,100
+17% +$489K
HRL icon
483
Hormel Foods
HRL
$13.4B
$3.02M 0.02%
79,375
-300
-0.4% -$11.8K
NRG icon
484
NRG Energy
NRG
$25.3B
$2.99M 0.02%
77,748
-3,300
-4% -$125K
KIM icon
485
Kimco Realty
KIM
$16.1B
$2.99M 0.02%
169,933
-500
-0.3% -$9.71K
SMCI icon
486
Super Micro Computer
SMCI
$20.6B
$2.99M 0.02%
109,000
-3,000
-3% -$83.7K
MTCH icon
487
Match Group
MTCH
$8.52B
$2.99M 0.02%
76,253
-300
-0.4% -$13.3K
CHRW icon
488
C.H. Robinson
CHRW
$17B
$2.98M 0.02%
34,548
-800
-2% -$74.7K
UDR icon
489
UDR
UDR
$12B
$2.97M 0.02%
83,145
-1,900
-2% -$75.7K
INCY icon
490
Incyte
INCY
$24.4B
$2.94M 0.02%
50,959
– –
KEY icon
491
KeyCorp
KEY
$24.3B
$2.94M 0.02%
273,428
-3,200
-1% -$35.4K
TECH icon
492
Bio-Techne
TECH
$11.2B
$2.94M 0.02%
43,144
-100
-0.2% -$7.9K
PNR icon
493
Pentair
PNR
$10.8B
$2.92M 0.02%
45,164
– –
RPM icon
494
RPM International
RPM
$14.9B
$2.92M 0.02%
30,818
-900
-3% -$87.7K
MANH icon
495
Manhattan Associates
MANH
$11.6B
$2.91M 0.02%
14,731
-500
-3% -$97.6K
FNF icon
496
Fidelity National Financial
FNF
$12.9B
$2.91M 0.02%
70,376
+59,900
+572% +$2.4M
JNPR
497
DELISTED
Juniper Networks
JNPR
$2.87M 0.02%
103,424
-3,200
-3% -$92.2K
DAY
498
DELISTED
Dayforce
DAY
$2.86M 0.02%
42,210
– –
LII icon
499
Lennox International
LII
$14.8B
$2.86M 0.02%
7,644
-300
-4% -$108K
GLPI icon
500
Gaming and Leisure Properties
GLPI
$12.4B
$2.86M 0.02%
+62,800
New +$2.99M
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 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.