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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
ATR icon
601
AptarGroup
ATR
$8.5B
$1.95M 0.01%
16,510
-100
-0.6% -$11.4K
AZPN
602
DELISTED
Aspen Technology Inc
AZPN
$1.95M 0.01%
8,507
– –
HAS icon
603
Hasbro
HAS
$13.3B
$1.91M 0.01%
35,612
+300
+0.8% +$17.1K
KBR icon
604
KBR
KBR
$4.83B
$1.91M 0.01%
34,711
-200
-0.6% -$10.5K
USFD icon
605
US Foods
USFD
$23.9B
$1.91M 0.01%
+51,700
New +$1.92M
OGE icon
606
OGE Energy
OGE
$9.54B
$1.91M 0.01%
50,614
-400
-0.8% -$15K
SEIC icon
607
SEI Investments
SEIC
$12.6B
$1.89M 0.01%
32,924
-300
-0.9% -$18K
OMGA
608
DELISTED
Omega Therapeutics, Inc. Common Stock
OMGA
$1.89M 0.01%
314,117
– –
GNRC icon
609
Generac Holdings
GNRC
$12.2B
$1.88M 0.01%
17,416
+200
+1% +$23.1K
UNM icon
610
Unum
UNM
$14.5B
$1.87M 0.01%
47,200
-400
-0.8% -$16.5K
HR icon
611
Healthcare Realty
HR
$6.73B
$1.86M 0.01%
96,153
-700
-0.7% -$14.1K
NOV icon
612
NOV
NOV
$7.38B
$1.84M 0.01%
99,277
-700
-0.7% -$15.1K
ALV icon
613
Autoliv
ALV
$8.92B
$1.83M 0.01%
+19,600
New +$1.73M
TXRH icon
614
Texas Roadhouse
TXRH
$13.6B
$1.82M 0.01%
16,878
-200
-1% -$20.5K
EGP icon
615
EastGroup Properties
EGP
$10.9B
$1.82M 0.01%
11,027
-100
-0.9% -$16.3K
SEE
616
DELISTED
Sealed Air
SEE
$1.82M 0.01%
39,703
+400
+1% +$19.9K
SAIA icon
617
Saia
SAIA
$9.49B
$1.82M 0.01%
6,686
-100
-1% -$26.7K
NWSA icon
618
News Corp Class A
NWSA
$15.4B
$1.81M 0.01%
104,954
+1,000
+1% +$18.3K
CLH icon
619
Clean Harbors
CLH
$16.4B
$1.81M 0.01%
12,707
-100
-0.8% -$13K
NVT icon
620
nVent Electric
NVT
$26.3B
$1.81M 0.01%
42,106
-300
-0.7% -$12.6K
ITT icon
621
ITT
ITT
$18.9B
$1.81M 0.01%
20,929
-100
-0.5% -$8.79K
FR icon
622
First Industrial Realty Trust
FR
$8.36B
$1.78M 0.01%
33,368
-300
-0.9% -$15.6K
CACI icon
623
CACI
CACI
$14.3B
$1.75M 0.01%
5,921
-100
-2% -$29.5K
VOYA icon
624
Voya Financial
VOYA
$9.08B
$1.75M 0.01%
24,516
-200
-0.8% -$14K
JLL icon
625
Jones Lang LaSalle
JLL
$16.4B
$1.75M 0.01%
12,011
-100
-0.8% -$16.7K
23 24
25
26 27

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.