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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
AOS icon
551
A.O. Smith
AOS
$8.48B
$2.49M 0.02%
34,233
-4,140
-11% -$283K
FBIN icon
552
Fortune Brands Innovations
FBIN
$5.73B
$2.49M 0.02%
34,542
-700
-2% -$44.5K
RHI icon
553
Robert Half
RHI
$4.34B
$2.47M 0.02%
32,892
-1,400
-4% -$99.9K
CUBE icon
554
CubeSmart
CUBE
$9.18B
$2.47M 0.02%
55,300
-1,400
-2% -$63.6K
USFD icon
555
US Foods
USFD
$23.9B
$2.46M 0.02%
55,800
+4,100
+8% +$163K
SCI icon
556
Service Corp International
SCI
$11.4B
$2.41M 0.01%
37,262
-1,600
-4% -$107K
CGNX icon
557
Cognex
CGNX
$10.8B
$2.38M 0.01%
42,553
-1,100
-3% -$56.9K
WRK
558
DELISTED
WestRock Company
WRK
$2.37M 0.01%
81,664
+2,400
+3% +$69.6K
WTRG icon
559
Essential Utilities
WTRG
$11.1B
$2.37M 0.01%
59,271
-1,000
-2% -$42K
BBWI icon
560
Bath & Body Works
BBWI
$3.95B
$2.35M 0.01%
62,771
– –
IVZ icon
561
Invesco
IVZ
$14.1B
$2.33M 0.01%
138,350
-1,600
-1% -$25.8K
PFGC icon
562
Performance Food Group
PFGC
$17.9B
$2.32M 0.01%
38,503
-900
-2% -$53K
HAS icon
563
Hasbro
HAS
$13.3B
$2.31M 0.01%
35,612
– –
RNR icon
564
RenaissanceRe
RNR
$13.3B
$2.31M 0.01%
12,365
+1,300
+12% +$259K
BEN icon
565
Franklin Resources
BEN
$17.2B
$2.3M 0.01%
85,995
-1,200
-1% -$31K
DKS icon
566
Dick's Sporting Goods
DKS
$19B
$2.28M 0.01%
17,270
+2,200
+15% +$301K
NBIX icon
567
Neurocrine Biosciences
NBIX
$16.7B
$2.27M 0.01%
24,081
-300
-1% -$29.3K
RGA icon
568
Reinsurance Group of America
RGA
$16B
$2.27M 0.01%
16,352
-500
-3% -$71.1K
CHDN icon
569
Churchill Downs
CHDN
$6.05B
$2.27M 0.01%
16,280
-400
-2% -$54.7K
JAZZ icon
570
Jazz Pharmaceuticals
JAZZ
$16.6B
$2.26M 0.01%
18,264
+700
+4% +$94.2K
SAIA icon
571
Saia
SAIA
$9.5B
$2.26M 0.01%
6,586
-100
-1% -$28.9K
BXP icon
572
Boston Properties
BXP
$10.8B
$2.26M 0.01%
39,157
– –
EDIT icon
573
Editas Medicine
EDIT
$439M
$2.25M 0.01%
273,721
– –
CASY icon
574
Casey's General Stores
CASY
$30.9B
$2.25M 0.01%
9,221
-200
-2% -$45.3K
BIO icon
575
Bio-Rad Laboratories Class A
BIO
$9.38B
$2.22M 0.01%
5,850
-100
-2% -$40.7K
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
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.