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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
MANH icon
501
Manhattan Associates
MANH
$11.5B
$3.04M 0.02%
15,231
-600
-4% -$104K
NRG icon
502
NRG Energy
NRG
$25.4B
$3.03M 0.02%
81,048
-46,600
-37% -$1.59M
DOC icon
503
Healthpeak Properties
DOC
$14.5B
$3.02M 0.02%
150,393
+200
+0.1% +$4.15K
HSIC icon
504
Henry Schein
HSIC
$9.81B
$3.02M 0.02%
37,260
-1,400
-4% -$111K
CZR icon
505
Caesars Entertainment
CZR
$6.13B
$3.02M 0.02%
59,197
+300
+0.5% +$13.6K
WYNN icon
506
Wynn Resorts
WYNN
$10.5B
$3.01M 0.02%
28,472
+200
+0.7% +$21.4K
PATH icon
507
UiPath
PATH
$7.82B
$2.98M 0.02%
+179,804
New +$2.88M
ROL icon
508
Rollins
ROL
$18B
$2.97M 0.02%
69,258
-1,000
-1% -$40.6K
CRL icon
509
Charles River Laboratories
CRL
$12.9B
$2.95M 0.02%
14,030
+100
+0.7% +$19.9K
MKTX icon
510
MarketAxess Holdings
MKTX
$5.72B
$2.93M 0.02%
11,221
-1,200
-10% -$358K
WHR icon
511
Whirlpool
WHR
$2.71B
$2.93M 0.02%
19,677
-700
-3% -$96.1K
EMN icon
512
Eastman Chemical
EMN
$8.33B
$2.93M 0.02%
34,968
-300
-0.9% -$24.4K
PNR icon
513
Pentair
PNR
$10.9B
$2.92M 0.02%
45,164
– –
ARW icon
514
Arrow Electronics
ARW
$10.4B
$2.92M 0.02%
20,361
-600
-3% -$74.7K
ACM icon
515
Aecom
ACM
$9.83B
$2.9M 0.02%
34,276
-800
-2% -$65.6K
ALLE icon
516
Allegion
ALLE
$14.2B
$2.9M 0.02%
24,128
-2,916
-11% -$318K
FFIV icon
517
F5
FFIV
$23.4B
$2.88M 0.02%
19,688
+600
+3% +$85.3K
ETSY icon
518
Etsy
ETSY
$7.47B
$2.87M 0.02%
33,943
-600
-2% -$56.6K
RPM icon
519
RPM International
RPM
$14.7B
$2.85M 0.02%
31,718
-900
-3% -$74K
DAY
520
DELISTED
Dayforce
DAY
$2.83M 0.02%
42,210
– –
LECO icon
521
Lincoln Electric
LECO
$15.4B
$2.82M 0.02%
14,189
-400
-3% -$69.7K
NLY icon
522
Annaly Capital Management
NLY
$17.2B
$2.81M 0.02%
140,631
+1,300
+0.9% +$25.3K
SMCI icon
523
Super Micro Computer
SMCI
$21.1B
$2.79M 0.02%
112,000
-6,000
-5% -$101K
LSI
524
DELISTED
Life Storage, Inc.
LSI
$2.78M 0.02%
20,920
-600
-3% -$79.8K
ARMK icon
525
Aramark
ARMK
$14.6B
$2.76M 0.02%
88,917
-2,216
-2% -$60.4K
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
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 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.