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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
GEN icon
526
Gen Digital
GEN
$17.5B
$2.68M 0.02%
156,175
-1,400
-0.9% -$28.1K
PEN icon
527
Penumbra
PEN
$12.8B
$2.68M 0.02%
9,614
-100
-1% -$25.5K
SCI icon
528
Service Corp International
SCI
$11.4B
$2.67M 0.02%
38,862
-300
-0.8% -$20.7K
WSO icon
529
Watsco Inc
WSO
$13.5B
$2.67M 0.02%
8,383
-100
-1% -$29.4K
NLY icon
530
Annaly Capital Management
NLY
$17.3B
$2.66M 0.02%
139,331
-800
-0.6% -$16.9K
AOS icon
531
A.O. Smith
AOS
$8.48B
$2.65M 0.02%
38,373
+400
+1% +$26K
NVTA
532
DELISTED
Invitae Corporation
NVTA
$2.65M 0.02%
1,959,939
– –
ROL icon
533
Rollins
ROL
$17.9B
$2.64M 0.02%
70,258
+700
+1% +$25.3K
AAL icon
534
American Airlines Group
AAL
$9.93B
$2.64M 0.02%
178,705
+2,100
+1% +$32.7K
WTRG icon
535
Essential Utilities
WTRG
$11.3B
$2.63M 0.02%
60,271
-500
-0.8% -$22.6K
CUBE icon
536
CubeSmart
CUBE
$9.23B
$2.62M 0.02%
56,700
-500
-0.9% -$22.4K
ARW icon
537
Arrow Electronics
ARW
$10.3B
$2.62M 0.02%
20,961
-900
-4% -$107K
REG icon
538
Regency Centers
REG
$13.9B
$2.59M 0.02%
42,302
+400
+1% +$25.2K
BJ icon
539
BJs Wholesale Club
BJ
$12.3B
$2.59M 0.02%
34,015
-400
-1% -$29.1K
UTHR icon
540
United Therapeutics
UTHR
$22.7B
$2.58M 0.02%
11,532
-100
-0.9% -$24.7K
JAZZ icon
541
Jazz Pharmaceuticals
JAZZ
$16.7B
$2.57M 0.02%
17,564
-100
-0.6% -$14.8K
AFG icon
542
American Financial Group
AFG
$11.9B
$2.56M 0.02%
21,110
-200
-0.9% -$26.4K
HII icon
543
Huntington Ingalls Industries
HII
$13B
$2.54M 0.02%
12,290
+100
+0.8% +$21.6K
PNR icon
544
Pentair
PNR
$10.7B
$2.5M 0.02%
45,164
+500
+1% +$26.6K
UHS icon
545
Universal Health Services
UHS
$10.2B
$2.49M 0.02%
19,574
+200
+1% +$27.6K
NBIX icon
546
Neurocrine Biosciences
NBIX
$16.8B
$2.47M 0.02%
24,381
-100
-0.4% -$10.4K
LECO icon
547
Lincoln Electric
LECO
$15.1B
$2.47M 0.02%
14,589
-100
-0.7% -$16.5K
PNW icon
548
Pinnacle West Capital
PNW
$12B
$2.46M 0.02%
31,061
+300
+1% +$22.6K
XRAY icon
549
Dentsply Sirona
XRAY
$2.32B
$2.46M 0.02%
62,560
+700
+1% +$25.7K
MANH icon
550
Manhattan Associates
MANH
$11.4B
$2.45M 0.02%
15,831
-100
-0.6% -$13.8K
20 21
22
23 24

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.