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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
JBL icon
501
Jabil
JBL
$35.3B
$2.97M 0.02%
33,711
-600
-2% -$48.3K
OC icon
502
Owens Corning
OC
$12.2B
$2.97M 0.02%
30,988
-200
-0.6% -$18.9K
ACM icon
503
Aecom
ACM
$9.42B
$2.96M 0.02%
35,076
-500
-1% -$43.1K
CSL icon
504
Carlisle Companies
CSL
$15.3B
$2.96M 0.02%
13,072
-100
-0.8% -$24.3K
BX icon
505
Blackstone
BX
$113B
$2.95M 0.02%
33,600
– –
MTCH icon
506
Match Group
MTCH
$8.43B
$2.94M 0.02%
76,653
+700
+0.9% +$30.5K
TTC icon
507
Toro Company
TTC
$9.4B
$2.94M 0.02%
26,432
-100
-0.4% -$11.1K
KNX icon
508
Knight Transportation
KNX
$11.2B
$2.93M 0.02%
51,831
-300
-0.6% -$17.2K
FIVE icon
509
Five Below
FIVE
$13B
$2.89M 0.02%
14,022
-100
-0.7% -$19.7K
ALLE icon
510
Allegion
ALLE
$14.1B
$2.89M 0.02%
27,044
+300
+1% +$33.7K
CZR icon
511
Caesars Entertainment
CZR
$6.13B
$2.87M 0.02%
58,897
+600
+1% +$29.4K
REXR icon
512
Rexford Industrial Realty
REXR
$8.13B
$2.85M 0.02%
47,782
+1,100
+2% +$65.8K
BIO icon
513
Bio-Rad Laboratories Class A
BIO
$9.48B
$2.85M 0.02%
5,950
+100
+2% +$46.8K
RPM icon
514
RPM International
RPM
$14.8B
$2.85M 0.02%
32,618
-200
-0.6% -$17.5K
LSI
515
DELISTED
Life Storage, Inc.
LSI
$2.82M 0.02%
21,520
-100
-0.5% -$11.6K
CRL icon
516
Charles River Laboratories
CRL
$13.2B
$2.81M 0.02%
13,930
+100
+0.7% +$22.7K
CCL icon
517
Carnival Corporation Ltd
CCL
$38B
$2.79M 0.02%
275,244
+3,100
+1% +$32.1K
TPR icon
518
Tapestry
TPR
$33.3B
$2.79M 0.02%
64,799
-700
-1% -$30K
KMX icon
519
CarMax
KMX
$8.34B
$2.79M 0.02%
43,348
+400
+0.9% +$26.8K
FFIV icon
520
F5
FFIV
$23.2B
$2.78M 0.02%
19,088
+300
+2% +$43.3K
RHI icon
521
Robert Half
RHI
$4.37B
$2.76M 0.02%
34,292
+100
+0.3% +$7.94K
LYV icon
522
Live Nation Entertainment
LYV
$43B
$2.74M 0.02%
39,111
+300
+0.8% +$22K
GL icon
523
Globe Life
GL
$14.2B
$2.73M 0.02%
24,836
+300
+1% +$35.2K
LEA icon
524
Lear
LEA
$8.05B
$2.72M 0.02%
19,493
-100
-0.5% -$13.8K
WHR icon
525
Whirlpool
WHR
$2.75B
$2.69M 0.02%
20,377
+200
+1% +$28.5K
19 20
21
22 23

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 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.