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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
BJ icon
551
BJs Wholesale Club
BJ
$12.3B
$2.29M 0.01%
32,115
-1,000
-3% -$67.3K
PNW icon
552
Pinnacle West Capital
PNW
$12B
$2.29M 0.01%
31,061
– –
PARA
553
DELISTED
Paramount Global Class B
PARA
$2.29M 0.01%
177,148
-14,800
-8% -$219K
RRX icon
554
Regal Rexnord
RRX
$11.5B
$2.27M 0.01%
15,901
-400
-2% -$61.6K
AOS icon
555
A.O. Smith
AOS
$8.48B
$2.26M 0.01%
34,133
-100
-0.3% -$7.1K
CTLT
556
DELISTED
CATALENT, INC.
CTLT
$2.25M 0.01%
49,383
-100
-0.2% -$4.67K
PEN icon
557
Penumbra
PEN
$12.8B
$2.23M 0.01%
9,214
-200
-2% -$55.5K
JAZZ icon
558
Jazz Pharmaceuticals
JAZZ
$16.7B
$2.22M 0.01%
17,164
-1,100
-6% -$147K
CPB icon
559
Campbell Soup
CPB
$6.69B
$2.21M 0.01%
53,901
-1,300
-2% -$56.9K
IBKR icon
560
Interactive Brokers
IBKR
$41.1B
$2.21M 0.01%
102,316
+800
+0.8% +$17.8K
PFGC icon
561
Performance Food Group
PFGC
$17.9B
$2.2M 0.01%
37,303
-1,200
-3% -$72.6K
CLF icon
562
Cleveland-Cliffs
CLF
$7.13B
$2.19M 0.01%
140,227
-8,800
-6% -$137K
ETSY icon
563
Etsy
ETSY
$7.38B
$2.18M 0.01%
33,743
-200
-0.6% -$15.8K
KNSL icon
564
Kinsale Capital Group
KNSL
$8.4B
$2.17M 0.01%
5,245
-100
-2% -$38.8K
ARMK icon
565
Aramark
ARMK
$14.6B
$2.17M 0.01%
86,424
-2,493
-3% -$69.9K
UNM icon
566
Unum
UNM
$14.5B
$2.16M 0.01%
44,000
-1,600
-4% -$78.2K
USFD icon
567
US Foods
USFD
$23.9B
$2.16M 0.01%
54,300
-1,500
-3% -$62.2K
FIVE icon
568
Five Below
FIVE
$13B
$2.14M 0.01%
13,322
-400
-3% -$73.1K
EDIT icon
569
Editas Medicine
EDIT
$432M
$2.14M 0.01%
273,721
– –
BBWI icon
570
Bath & Body Works
BBWI
$3.89B
$2.12M 0.01%
62,771
– –
XRAY icon
571
Dentsply Sirona
XRAY
$2.32B
$2.12M 0.01%
61,960
-1,200
-2% -$45.6K
NVT icon
572
nVent Electric
NVT
$26.3B
$2.1M 0.01%
39,606
-1,200
-3% -$64.7K
NWSA icon
573
News Corp Class A
NWSA
$15.4B
$2.1M 0.01%
104,454
-300
-0.3% -$6.08K
AIZ icon
574
Assurant
AIZ
$14.2B
$2.08M 0.01%
14,467
– –
BEN icon
575
Franklin Resources
BEN
$17B
$2.07M 0.01%
84,295
-1,700
-2% -$46K
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 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.