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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
NVTA
576
DELISTED
Invitae Corporation
NVTA
$2.21M 0.01%
1,959,939
– –
AFG icon
577
American Financial Group
AFG
$11.9B
$2.21M 0.01%
18,610
-2,500
-12% -$295K
UNM icon
578
Unum
UNM
$14.4B
$2.18M 0.01%
45,600
-1,600
-3% -$69.8K
KBR icon
579
KBR
KBR
$4.85B
$2.17M 0.01%
33,411
-1,300
-4% -$77.5K
EME icon
580
Emcor
EME
$36.1B
$2.17M 0.01%
11,748
-300
-2% -$50.2K
TTEK icon
581
Tetra Tech
TTEK
$8.97B
$2.15M 0.01%
65,540
-1,500
-2% -$44.1K
CTLT
582
DELISTED
CATALENT, INC.
CTLT
$2.15M 0.01%
49,483
– –
LAMR icon
583
Lamar Advertising Co
LAMR
$16B
$2.14M 0.01%
21,538
-500
-2% -$48.5K
NVT icon
584
nVent Electric
NVT
$26.7B
$2.11M 0.01%
40,806
-1,300
-3% -$57.7K
IBKR icon
585
Interactive Brokers
IBKR
$41.1B
$2.11M 0.01%
101,516
-2,400
-2% -$47.4K
BLD
586
DELISTED
TopBuild
BLD
$2.09M 0.01%
7,857
-200
-2% -$44K
BJ icon
587
BJs Wholesale Club
BJ
$12.2B
$2.09M 0.01%
33,115
-900
-3% -$62.2K
LAD icon
588
Lithia Motors
LAD
$8.29B
$2.06M 0.01%
6,787
-100
-1% -$23.9K
MHK icon
589
Mohawk Industries
MHK
$9.13B
$2.05M 0.01%
19,881
-400
-2% -$39.2K
DINO icon
590
HF Sinclair
DINO
$15.1B
$2.05M 0.01%
45,900
+11,900
+35% +$518K
NWSA icon
591
News Corp Class A
NWSA
$15.4B
$2.04M 0.01%
104,754
-200
-0.2% -$3.63K
THC icon
592
Tenet Healthcare
THC
$21B
$2.04M 0.01%
25,093
-2,200
-8% -$157K
CLH icon
593
Clean Harbors
CLH
$16.5B
$2.04M 0.01%
12,407
-300
-2% -$43.9K
WSM icon
594
Williams-Sonoma
WSM
$29.5B
$2.03M 0.01%
32,440
-1,200
-4% -$71.5K
CHE icon
595
Chemed
CHE
$7.21B
$2.01M 0.01%
3,709
– –
AGCO icon
596
AGCO
AGCO
$6.97B
$2.01M 0.01%
15,258
-400
-3% -$49.6K
TOL icon
597
Toll Brothers
TOL
$14B
$2M 0.01%
25,326
-700
-3% -$47K
KNSL icon
598
Kinsale Capital Group
KNSL
$8.39B
$2M 0.01%
5,345
-100
-2% -$33.2K
FLG
599
Flagstar Bank National Association
FLG
$5.83B
$2M 0.01%
59,314
+1,933
+3% +$58.7K
WCC
600
WESCO International
WCC
$18B
$1.99M 0.01%
+11,100
New +$1.62M
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
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.