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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
XPO icon
576
XPO
XPO
$23.5B
$2.07M 0.01%
27,742
-800
-3% -$55.2K
TTC icon
577
Toro Company
TTC
$9.4B
$2.06M 0.01%
24,832
-900
-3% -$86.7K
BIO icon
578
Bio-Rad Laboratories Class A
BIO
$9.48B
$2.06M 0.01%
5,750
-100
-2% -$38.6K
SCI icon
579
Service Corp International
SCI
$11.4B
$2.06M 0.01%
36,062
-1,200
-3% -$75.8K
FBIN icon
580
Fortune Brands Innovations
FBIN
$5.73B
$2.06M 0.01%
33,142
-1,400
-4% -$96.2K
CUBE icon
581
CubeSmart
CUBE
$9.23B
$2.05M 0.01%
53,700
-1,600
-3% -$67.5K
LULU icon
582
lululemon athletica
LULU
$14.5B
$2.05M 0.01%
5,308
-1,300
-20% -$497K
MTN icon
583
Vail Resorts
MTN
$5.21B
$2.04M 0.01%
+9,200
New +$2.18M
ALLY icon
584
Ally Financial
ALLY
$13.3B
$2.01M 0.01%
75,464
+62,900
+501% +$1.76M
SEDG icon
585
SolarEdge
SEDG
$1.98B
$2.01M 0.01%
15,536
– –
CLH icon
586
Clean Harbors
CLH
$16.4B
$2.01M 0.01%
12,007
-400
-3% -$67.4K
WTRG icon
587
Essential Utilities
WTRG
$11.3B
$2M 0.01%
58,171
-1,100
-2% -$42.6K
DAR icon
588
Darling Ingredients
DAR
$9.91B
$1.99M 0.01%
38,174
-1,100
-3% -$68.7K
NOV icon
589
NOV
NOV
$7.38B
$1.97M 0.01%
94,177
-2,800
-3% -$55.7K
ATR icon
590
AptarGroup
ATR
$8.5B
$1.96M 0.01%
15,710
-400
-2% -$49.1K
RGEN icon
591
Repligen
RGEN
$9.21B
$1.96M 0.01%
12,353
-400
-3% -$65.4K
IVZ icon
592
Invesco
IVZ
$14B
$1.95M 0.01%
134,350
-4,000
-3% -$64.4K
LAD icon
593
Lithia Motors
LAD
$8.35B
$1.95M 0.01%
6,587
-200
-3% -$61K
OHI icon
594
Omega Healthcare
OHI
$14.4B
$1.94M 0.01%
58,563
+800
+1% +$25.6K
WEX icon
595
WEX
WEX
$6.35B
$1.93M 0.01%
10,275
-300
-3% -$57.9K
TOL icon
596
Toll Brothers
TOL
$14B
$1.93M 0.01%
26,126
+800
+3% +$63.2K
TTEK icon
597
Tetra Tech
TTEK
$8.97B
$1.93M 0.01%
63,540
-2,000
-3% -$65K
ITT icon
598
ITT
ITT
$18.9B
$1.92M 0.01%
19,629
-700
-3% -$68.7K
NCLH icon
599
Norwegian Cruise Line
NCLH
$8.52B
$1.91M 0.01%
115,679
– –
BLD
600
DELISTED
TopBuild
BLD
$1.9M 0.01%
7,557
-300
-4% -$82.6K
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 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.