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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
HII icon
526
Huntington Ingalls Industries
HII
$13.2B
$2.75M 0.02%
12,090
-200
-2% -$41.5K
DT icon
527
Dynatrace
DT
$14.7B
$2.75M 0.02%
53,400
-1,400
-3% -$65.6K
LEA icon
528
Lear
LEA
$8.07B
$2.74M 0.02%
19,093
-400
-2% -$52.8K
TPR icon
529
Tapestry
TPR
$32.5B
$2.73M 0.02%
63,699
-1,100
-2% -$45.8K
KNX icon
530
Knight Transportation
KNX
$11.2B
$2.71M 0.02%
48,731
-3,100
-6% -$173K
FIVE icon
531
Five Below
FIVE
$13.1B
$2.7M 0.02%
13,722
-300
-2% -$58.6K
GL icon
532
Globe Life
GL
$14.3B
$2.68M 0.02%
24,436
-400
-2% -$43K
TTC icon
533
Toro Company
TTC
$9.35B
$2.62M 0.02%
25,732
-700
-3% -$71.8K
REG icon
534
Regency Centers
REG
$13.9B
$2.61M 0.02%
42,302
– –
SFIX
535
Stitch Fix
SFIX
$536M
$2.61M 0.02%
676,983
– –
LII icon
536
Lennox International
LII
$14.6B
$2.59M 0.02%
7,944
-200
-2% -$56.5K
REXR icon
537
Rexford Industrial Realty
REXR
$8.06B
$2.58M 0.02%
49,482
+1,700
+4% +$92.7K
CCK icon
538
Crown Holdings
CCK
$13B
$2.57M 0.02%
+29,600
New +$2.44M
SWAV
539
DELISTED
Shockwave Medical, Inc. Common Stock
SWAV
$2.57M 0.02%
9,000
-100
-1% -$27.8K
KEY icon
540
KeyCorp
KEY
$24.3B
$2.56M 0.02%
276,628
+20,300
+8% +$212K
GNRC icon
541
Generac Holdings
GNRC
$12.4B
$2.55M 0.02%
17,116
-300
-2% -$34.2K
UTHR icon
542
United Therapeutics
UTHR
$22.5B
$2.55M 0.02%
11,532
– –
PNW icon
543
Pinnacle West Capital
PNW
$12.1B
$2.53M 0.02%
31,061
– –
XRAY icon
544
Dentsply Sirona
XRAY
$2.36B
$2.53M 0.02%
63,160
+600
+1% +$23.9K
CPB icon
545
Campbell Soup
CPB
$6.73B
$2.52M 0.02%
55,201
+100
+0.2% +$5.16K
NCLH icon
546
Norwegian Cruise Line
NCLH
$8.55B
$2.52M 0.02%
115,679
– –
RRX icon
547
Regal Rexnord
RRX
$11.7B
$2.51M 0.02%
16,301
-400
-2% -$54.5K
DAR icon
548
Darling Ingredients
DAR
$9.97B
$2.51M 0.02%
39,274
-1,200
-3% -$73.1K
LULU icon
549
lululemon athletica
LULU
$14.4B
$2.5M 0.02%
6,608
+3,500
+113% +$1.29M
CLF icon
550
Cleveland-Cliffs
CLF
$7.17B
$2.5M 0.02%
149,027
-43,400
-23% -$688K
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
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
CHP
Castle Hook Partners New York $23.4B AUM 158.96% 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.