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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
KBR icon
601
KBR
KBR
$4.83B
$1.9M 0.01%
32,211
-1,200
-4% -$73.9K
ERIE icon
602
Erie Indemnity
ERIE
$13.2B
$1.89M 0.01%
+6,432
New +$1.66M
WMS icon
603
Advanced Drainage Systems
WMS
$10.7B
$1.89M 0.01%
16,600
+1,200
+8% +$147K
CHDN icon
604
Churchill Downs
CHDN
$6.02B
$1.89M 0.01%
16,280
– –
AFG icon
605
American Financial Group
AFG
$11.9B
$1.89M 0.01%
16,910
-1,700
-9% -$196K
NATI
606
DELISTED
National Instruments Corp
NATI
$1.88M 0.01%
31,478
-900
-3% -$52.9K
CHE icon
607
Chemed
CHE
$7.18B
$1.88M 0.01%
3,609
-100
-3% -$52K
RRC icon
608
Range Resources
RRC
$9.41B
$1.87M 0.01%
57,686
-1,800
-3% -$56.3K
PCTY icon
609
Paylocity
PCTY
$7.73B
$1.87M 0.01%
10,272
+100
+1% +$20.1K
MAT icon
610
Mattel
MAT
$4.21B
$1.86M 0.01%
84,633
-2,600
-3% -$55.5K
GNRC icon
611
Generac Holdings
GNRC
$12.2B
$1.85M 0.01%
17,016
-100
-0.6% -$12.4K
DKS icon
612
Dick's Sporting Goods
DKS
$19.2B
$1.85M 0.01%
17,070
-200
-1% -$25.3K
TPR icon
613
Tapestry
TPR
$33.3B
$1.83M 0.01%
63,499
-200
-0.3% -$7.32K
FLG
614
Flagstar Bank National Association
FLG
$5.84B
$1.82M 0.01%
53,548
-5,766
-10% -$209K
WBS icon
615
Webster Financial
WBS
$12.8B
$1.82M 0.01%
45,144
-2,300
-5% -$97.8K
FRT icon
616
Federal Realty Investment Trust
FRT
$10.2B
$1.82M 0.01%
20,062
– –
GNTX icon
617
Gentex
GNTX
$5.02B
$1.82M 0.01%
55,840
-1,700
-3% -$54.5K
EGP icon
618
EastGroup Properties
EGP
$10.9B
$1.8M 0.01%
10,827
-100
-0.9% -$17.7K
CW icon
619
Curtiss-Wright
CW
$25.6B
$1.79M 0.01%
9,161
-300
-3% -$59.5K
WWD icon
620
Woodward
WWD
$21B
$1.79M 0.01%
14,410
-400
-3% -$49.9K
SGI
621
Somnigroup International
SGI
$13.6B
$1.78M 0.01%
41,138
-1,300
-3% -$57.6K
EWBC icon
622
East-West Bancorp
EWBC
$18.1B
$1.78M 0.01%
33,822
-1,000
-3% -$56.2K
AGCO icon
623
AGCO
AGCO
$7.06B
$1.76M 0.01%
14,858
-400
-3% -$50.8K
ALV icon
624
Autoliv
ALV
$8.92B
$1.76M 0.01%
18,200
-800
-4% -$76.6K
SWAV
625
DELISTED
Shockwave Medical, Inc. Common Stock
SWAV
$1.75M 0.01%
8,800
-200
-2% -$47.3K
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 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.