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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
WHR icon
526
Whirlpool
WHR
$2.85B
$2.54M 0.02%
18,977
-700
-4% -$98.9K
TFX icon
527
Teleflex
TFX
$5.89B
$2.54M 0.02%
12,917
– –
UTHR icon
528
United Therapeutics
UTHR
$22.6B
$2.54M 0.02%
11,232
-300
-3% -$69.1K
NLY icon
529
Annaly Capital Management
NLY
$17.4B
$2.52M 0.02%
134,031
-6,600
-5% -$131K
REG icon
530
Regency Centers
REG
$13.9B
$2.52M 0.02%
42,404
+102
+0.2% +$6.44K
ALLE icon
531
Allegion
ALLE
$14.2B
$2.5M 0.02%
24,028
-100
-0.4% -$11.3K
LECO icon
532
Lincoln Electric
LECO
$15.5B
$2.49M 0.02%
13,689
-500
-4% -$95.5K
WYNN icon
533
Wynn Resorts
WYNN
$10.7B
$2.46M 0.02%
26,572
-1,900
-7% -$191K
REXR icon
534
Rexford Industrial Realty
REXR
$8.11B
$2.44M 0.02%
49,382
-100
-0.2% -$5.29K
HII icon
535
Huntington Ingalls Industries
HII
$13B
$2.43M 0.02%
11,890
-200
-2% -$44.1K
RNR icon
536
RenaissanceRe
RNR
$13.3B
$2.43M 0.02%
12,265
-100
-0.8% -$19.2K
CASY icon
537
Casey's General Stores
CASY
$31.2B
$2.42M 0.02%
8,921
-300
-3% -$76K
LEA icon
538
Lear
LEA
$8.13B
$2.4M 0.02%
17,893
-1,200
-6% -$174K
WSM icon
539
Williams-Sonoma
WSM
$29.5B
$2.38M 0.02%
30,640
-1,800
-6% -$124K
UHS icon
540
Universal Health Services
UHS
$10B
$2.37M 0.02%
18,874
-600
-3% -$81.9K
EME icon
541
Emcor
EME
$35.9B
$2.37M 0.02%
11,248
-500
-4% -$105K
HAS icon
542
Hasbro
HAS
$13.7B
$2.36M 0.02%
35,612
– –
ARW icon
543
Arrow Electronics
ARW
$10.5B
$2.35M 0.02%
18,761
-1,600
-8% -$213K
RHI icon
544
Robert Half
RHI
$4.3B
$2.34M 0.02%
31,892
-1,000
-3% -$75.9K
SFIX
545
Stitch Fix
SFIX
$503M
$2.34M 0.02%
676,983
– –
MKTX icon
546
MarketAxess Holdings
MKTX
$5.72B
$2.33M 0.02%
10,921
-300
-3% -$72.7K
BXP icon
547
Boston Properties
BXP
$10.8B
$2.33M 0.02%
39,157
– –
KNX icon
548
Knight Transportation
KNX
$11B
$2.32M 0.02%
46,231
-2,500
-5% -$139K
RGA icon
549
Reinsurance Group of America
RGA
$16B
$2.3M 0.01%
15,852
-500
-3% -$70.8K
AAL icon
550
American Airlines Group
AAL
$10.1B
$2.29M 0.01%
179,105
-400
-0.2% -$6.21K
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
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.