We are live on ! Find out more
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
ORI icon
626
Old Republic International
ORI
$10.3B
$1.74M 0.01%
69,678
-2,400
-3% -$60.4K
AIZ icon
627
Assurant
AIZ
$14.2B
$1.74M 0.01%
14,467
+100
+0.7% +$12.5K
WBS icon
628
Webster Financial
WBS
$12.8B
$1.73M 0.01%
43,944
-400
-0.9% -$19.2K
NATI
629
DELISTED
National Instruments Corp
NATI
$1.73M 0.01%
32,978
-300
-0.9% -$15K
VMI icon
630
Valmont Industries
VMI
$9.5B
$1.72M 0.01%
5,388
– –
FCN icon
631
FTI Consulting
FCN
$4.17B
$1.72M 0.01%
8,704
-100
-1% -$17.4K
CFR icon
632
Cullen/Frost Bankers
CFR
$10.3B
$1.71M 0.01%
16,264
-100
-0.6% -$12.5K
OLED icon
633
Universal Display
OLED
$4.16B
$1.71M 0.01%
11,005
-100
-0.9% -$13.4K
CW icon
634
Curtiss-Wright
CW
$25.6B
$1.7M 0.01%
9,661
-100
-1% -$16.9K
SGI
635
Somnigroup International
SGI
$13.6B
$1.7M 0.01%
43,038
-500
-1% -$19.9K
INGR icon
636
Ingredion
INGR
$6.53B
$1.69M 0.01%
16,588
-100
-0.6% -$9.98K
AXTA icon
637
Axalta
AXTA
$8.01B
$1.69M 0.01%
+55,700
New +$1.6M
NVST icon
638
Envista
NVST
$4.53B
$1.69M 0.01%
41,263
-200
-0.5% -$7.6K
BLD
639
DELISTED
TopBuild
BLD
$1.68M 0.01%
8,057
-100
-1% -$19.3K
LFUS icon
640
Littelfuse
LFUS
$11.6B
$1.68M 0.01%
6,253
– –
CBSH icon
641
Commerce Bancshares
CBSH
$8.41B
$1.68M 0.01%
33,253
-347
-1% -$19.4K
ACHC icon
642
Acadia Healthcare
ACHC
$2.96B
$1.66M 0.01%
23,030
-100
-0.4% -$7.79K
GNTX icon
643
Gentex
GNTX
$5.02B
$1.66M 0.01%
59,240
-500
-0.8% -$14.1K
MAT icon
644
Mattel
MAT
$4.21B
$1.65M 0.01%
89,533
-700
-0.8% -$13K
DINO icon
645
HF Sinclair
DINO
$15.2B
$1.64M 0.01%
34,000
-200
-0.6% -$10.4K
NWL icon
646
Newell Brands
NWL
$2.51B
$1.64M 0.01%
132,220
+1,100
+0.8% +$15.5K
OGN icon
647
Organon & Co
OGN
$3.58B
$1.64M 0.01%
69,864
+700
+1% +$18.8K
NXST icon
648
Nexstar Media Group
NXST
$5.91B
$1.64M 0.01%
9,500
-100
-1% -$18.4K
KNSL icon
649
Kinsale Capital Group
KNSL
$8.4B
$1.63M 0.01%
5,445
– –
BRX icon
650
Brixmor Property Group
BRX
$9.15B
$1.63M 0.01%
75,807
-500
-0.7% -$11.1K
24 25
26
27 28

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.