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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
VFC icon
576
VF Corp
VFC
$5.86B
$2.08M 0.01%
90,746
+1,000
+1% +$26.3K
FBIN icon
577
Fortune Brands Innovations
FBIN
$5.73B
$2.07M 0.01%
35,242
-2,600
-7% -$159K
AA icon
578
Alcoa
AA
$13.6B
$2.07M 0.01%
48,575
-400
-0.8% -$19.3K
LII icon
579
Lennox International
LII
$14.6B
$2.05M 0.01%
8,144
-100
-1% -$25.2K
WSM icon
580
Williams-Sonoma
WSM
$29.5B
$2.05M 0.01%
33,640
-400
-1% -$25K
WOLF icon
581
Wolfspeed
WOLF
$1.52B
$2.04M 0.01%
31,422
-200
-0.6% -$14.6K
CASY icon
582
Casey's General Stores
CASY
$31.6B
$2.04M 0.01%
9,421
-100
-1% -$21.9K
MHK icon
583
Mohawk Industries
MHK
$9.19B
$2.03M 0.01%
20,281
+100
+0.5% +$10.9K
NNN icon
584
NNN REIT
NNN
$8.8B
$2.03M 0.01%
45,884
+400
+0.9% +$18.2K
WEX icon
585
WEX
WEX
$6.35B
$2.02M 0.01%
10,975
-100
-0.9% -$18.2K
DCI icon
586
Donaldson
DCI
$11.2B
$2.01M 0.01%
30,758
-400
-1% -$25.1K
MIDD icon
587
Middleby
MIDD
$5.89B
$2M 0.01%
13,620
-100
-0.7% -$14.9K
CHE icon
588
Chemed
CHE
$7.18B
$1.99M 0.01%
3,709
-100
-3% -$51K
BRKR icon
589
Bruker
BRKR
$8.58B
$1.99M 0.01%
25,293
-200
-0.8% -$14.4K
EDIT icon
590
Editas Medicine
EDIT
$432M
$1.98M 0.01%
273,721
– –
FRT icon
591
Federal Realty Investment Trust
FRT
$10.2B
$1.98M 0.01%
20,062
+200
+1% +$20.9K
CROX icon
592
Crocs
CROX
$6.63B
$1.98M 0.01%
15,638
-100
-0.6% -$12.1K
EWBC icon
593
East-West Bancorp
EWBC
$18.1B
$1.98M 0.01%
35,622
-300
-0.8% -$20.7K
AAP icon
594
Advance Auto Parts
AAP
$3.36B
$1.97M 0.01%
16,231
-100
-0.6% -$14K
SWAV
595
DELISTED
Shockwave Medical, Inc. Common Stock
SWAV
$1.97M 0.01%
9,100
-100
-1% -$19.5K
TTEK icon
596
Tetra Tech
TTEK
$8.97B
$1.97M 0.01%
67,040
-500
-0.7% -$14.4K
CIEN icon
597
Ciena
CIEN
$54.9B
$1.97M 0.01%
37,496
-200
-0.5% -$9.98K
IRDM icon
598
Iridium Communications
IRDM
$5.23B
$1.97M 0.01%
31,759
-200
-0.6% -$12K
G icon
599
Genpact
G
$5.74B
$1.96M 0.01%
42,484
-400
-0.9% -$18.7K
EME icon
600
Emcor
EME
$35.7B
$1.96M 0.01%
12,048
-100
-0.8% -$15.4K
22 23
24
25 26

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.