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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
MASI
601
DELISTED
Masimo
MASI
$1.97M 0.01%
11,996
-200
-2% -$34.8K
MIDD icon
602
Middleby
MIDD
$5.89B
$1.95M 0.01%
13,220
-400
-3% -$56.4K
FRT icon
603
Federal Realty Investment Trust
FRT
$10.2B
$1.94M 0.01%
20,062
– –
IRDM icon
604
Iridium Communications
IRDM
$5.24B
$1.93M 0.01%
31,059
-700
-2% -$43.3K
WEX icon
605
WEX
WEX
$6.36B
$1.93M 0.01%
10,575
-400
-4% -$70.8K
NNN icon
606
NNN REIT
NNN
$8.81B
$1.92M 0.01%
44,884
-1,000
-2% -$43K
CACI icon
607
CACI
CACI
$14.3B
$1.92M 0.01%
5,621
-300
-5% -$93.2K
EGP icon
608
EastGroup Properties
EGP
$10.9B
$1.9M 0.01%
10,927
-100
-0.9% -$16.7K
ITT icon
609
ITT
ITT
$18.9B
$1.89M 0.01%
20,329
-600
-3% -$50.4K
BERY
610
DELISTED
Berry Global Group, Inc.
BERY
$1.89M 0.01%
+32,017
New +$1.75M
PCTY icon
611
Paylocity
PCTY
$7.84B
$1.88M 0.01%
10,172
-300
-3% -$54.9K
ATR icon
612
AptarGroup
ATR
$8.52B
$1.87M 0.01%
16,110
-400
-2% -$46.9K
DCI icon
613
Donaldson
DCI
$11.2B
$1.87M 0.01%
29,858
-900
-3% -$56.3K
UGI icon
614
UGI
UGI
$7.26B
$1.87M 0.01%
69,200
-32,800
-32% -$996K
ALK icon
615
Alaska Air
ALK
$5.3B
$1.86M 0.01%
35,062
– –
NATI
616
DELISTED
National Instruments Corp
NATI
$1.86M 0.01%
32,378
-600
-2% -$34.4K
RGLD icon
617
Royal Gold
RGLD
$19.7B
$1.85M 0.01%
16,148
-400
-2% -$51.5K
TXRH icon
618
Texas Roadhouse
TXRH
$13.7B
$1.85M 0.01%
16,478
-400
-2% -$44K
GXO icon
619
GXO Logistics
GXO
$5.41B
$1.84M 0.01%
29,327
-600
-2% -$33.7K
JLL icon
620
Jones Lang LaSalle
JLL
$16.4B
$1.84M 0.01%
11,811
-200
-2% -$28.4K
EWBC icon
621
East-West Bancorp
EWBC
$18B
$1.84M 0.01%
34,822
-800
-2% -$40.6K
GPK icon
622
Graphic Packaging
GPK
$3.54B
$1.82M 0.01%
+75,700
New +$1.9M
AIZ icon
623
Assurant
AIZ
$14.2B
$1.82M 0.01%
14,467
– –
BRKR icon
624
Bruker
BRKR
$8.53B
$1.82M 0.01%
24,593
-700
-3% -$53.4K
RGEN icon
625
Repligen
RGEN
$9.23B
$1.8M 0.01%
12,753
-300
-2% -$48.1K
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
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.