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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
ACHC icon
626
Acadia Healthcare
ACHC
$2.98B
$1.8M 0.01%
22,630
-400
-2% -$28.9K
LFUS icon
627
Littelfuse
LFUS
$11.6B
$1.79M 0.01%
6,153
-100
-2% -$26.2K
AXTA icon
628
Axalta
AXTA
$8B
$1.79M 0.01%
54,600
-1,100
-2% -$34.1K
WBS icon
629
Webster Financial
WBS
$12.8B
$1.79M 0.01%
47,444
+3,500
+8% +$129K
DBX icon
630
Dropbox
DBX
$8.08B
$1.79M 0.01%
+67,000
New +$1.53M
OHI icon
631
Omega Healthcare
OHI
$14.5B
$1.77M 0.01%
57,763
-1,400
-2% -$40.4K
OGE icon
632
OGE Energy
OGE
$9.57B
$1.77M 0.01%
49,314
-1,300
-3% -$47.9K
HR icon
633
Healthcare Realty
HR
$6.76B
$1.77M 0.01%
93,853
-2,300
-2% -$44.4K
PRI icon
634
Primerica
PRI
$9.81B
$1.76M 0.01%
8,919
-400
-4% -$73.5K
MTZ icon
635
MasTec
MTZ
$22.2B
$1.76M 0.01%
14,939
– –
WWD icon
636
Woodward
WWD
$21.2B
$1.76M 0.01%
14,810
-300
-2% -$31.8K
OMGA
637
DELISTED
Omega Therapeutics, Inc. Common Stock
OMGA
$1.76M 0.01%
314,117
– –
TREX icon
638
Trex
TREX
$4.9B
$1.76M 0.01%
26,822
-900
-3% -$50.2K
WMS icon
639
Advanced Drainage Systems
WMS
$10.6B
$1.75M 0.01%
15,400
-12,731
-45% -$1.2M
COHR icon
640
Coherent
COHR
$68.1B
$1.75M 0.01%
34,306
-800
-2% -$29.7K
RRC icon
641
Range Resources
RRC
$9.26B
$1.75M 0.01%
59,486
-1,600
-3% -$43.5K
SKX
642
DELISTED
Skechers
SKX
$1.74M 0.01%
33,044
-900
-3% -$46.1K
CW icon
643
Curtiss-Wright
CW
$25.3B
$1.74M 0.01%
9,461
-200
-2% -$34.1K
VOYA icon
644
Voya Financial
VOYA
$9.33B
$1.74M 0.01%
24,216
-300
-1% -$21.5K
VFC icon
645
VF Corp
VFC
$5.81B
$1.73M 0.01%
90,746
– –
INGR icon
646
Ingredion
INGR
$6.58B
$1.73M 0.01%
16,288
-300
-2% -$31.9K
FR icon
647
First Industrial Realty Trust
FR
$8.35B
$1.71M 0.01%
32,568
-800
-2% -$41.8K
CROX icon
648
Crocs
CROX
$6.49B
$1.71M 0.01%
15,238
-400
-3% -$47.7K
LSTR icon
649
Landstar System
LSTR
$6.2B
$1.71M 0.01%
8,870
-200
-2% -$36.1K
CFR icon
650
Cullen/Frost Bankers
CFR
$10.2B
$1.71M 0.01%
15,864
-400
-2% -$41.8K
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
AM
AGF Management Toronto, Ontario, Canada $22.3B AUM 46.42% 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

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.