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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
WRK
551
DELISTED
WestRock Company
WRK
$2.42M 0.02%
79,264
+800
+1% +$26.4K
FHN icon
552
First Horizon
FHN
$12B
$2.41M 0.02%
135,556
-1,100
-0.8% -$24.4K
PFGC icon
553
Performance Food Group
PFGC
$17.9B
$2.38M 0.02%
39,403
-200
-0.5% -$11.7K
WMS icon
554
Advanced Drainage Systems
WMS
$10.7B
$2.37M 0.02%
+28,131
New +$2.47M
DAR icon
555
Darling Ingredients
DAR
$9.91B
$2.36M 0.02%
40,474
-300
-0.7% -$18.9K
ARMK icon
556
Aramark
ARMK
$14.6B
$2.36M 0.02%
+91,133
New +$2.59M
RRX icon
557
Regal Rexnord
RRX
$11.5B
$2.35M 0.02%
16,701
-100
-0.6% -$14.5K
BEN icon
558
Franklin Resources
BEN
$17B
$2.35M 0.02%
87,195
+1,100
+1% +$32.1K
DT icon
559
Dynatrace
DT
$14.6B
$2.32M 0.02%
54,800
+3,500
+7% +$142K
TWST icon
560
Twist Bioscience
TWST
$7.83B
$2.31M 0.02%
153,172
– –
BBWI icon
561
Bath & Body Works
BBWI
$3.89B
$2.3M 0.02%
62,771
+700
+1% +$29.3K
IVZ icon
562
Invesco
IVZ
$14B
$2.3M 0.02%
139,950
+1,300
+0.9% +$23.2K
MASI
563
DELISTED
Masimo
MASI
$2.25M 0.01%
12,196
-100
-0.8% -$16.9K
RGA icon
564
Reinsurance Group of America
RGA
$15.8B
$2.24M 0.01%
16,852
-200
-1% -$28.3K
RNR icon
565
RenaissanceRe
RNR
$13.2B
$2.22M 0.01%
11,065
-100
-0.9% -$20.1K
LAMR icon
566
Lamar Advertising Co
LAMR
$15.7B
$2.2M 0.01%
22,038
-200
-0.9% -$20.3K
RGEN icon
567
Repligen
RGEN
$9.21B
$2.2M 0.01%
13,053
-100
-0.8% -$17.8K
CGNX icon
568
Cognex
CGNX
$10.8B
$2.16M 0.01%
43,653
-400
-0.9% -$20.2K
RGLD icon
569
Royal Gold
RGLD
$19.8B
$2.15M 0.01%
16,548
-200
-1% -$24.6K
IBKR icon
570
Interactive Brokers
IBKR
$41.1B
$2.14M 0.01%
103,916
-800
-0.8% -$16.3K
CHDN icon
571
Churchill Downs
CHDN
$6.02B
$2.14M 0.01%
16,680
– –
DKS icon
572
Dick's Sporting Goods
DKS
$19.2B
$2.14M 0.01%
15,070
+900
+6% +$120K
BXP icon
573
Boston Properties
BXP
$10.8B
$2.12M 0.01%
39,157
+400
+1% +$26.1K
AGCO icon
574
AGCO
AGCO
$7.06B
$2.12M 0.01%
15,658
-100
-0.6% -$13.5K
PCTY icon
575
Paylocity
PCTY
$7.73B
$2.08M 0.01%
10,472
– –
21 22
23
24 25

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.