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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
LAMR icon
626
Lamar Advertising Co
LAMR
$15.7B
$1.75M 0.01%
20,938
-600
-3% -$55.1K
CGNX icon
627
Cognex
CGNX
$10.8B
$1.75M 0.01%
41,153
-1,400
-3% -$68.8K
BERY
628
DELISTED
Berry Global Group, Inc.
BERY
$1.75M 0.01%
30,710
-1,307
-4% -$76.8K
X
629
DELISTED
US Steel
X
$1.73M 0.01%
53,299
-2,500
-4% -$70.1K
DCI icon
630
Donaldson
DCI
$11.2B
$1.73M 0.01%
28,958
-900
-3% -$55.7K
AR icon
631
Antero Resources
AR
$11.4B
$1.71M 0.01%
67,500
-500
-0.7% -$12.9K
ORI icon
632
Old Republic International
ORI
$10.3B
$1.7M 0.01%
63,278
-3,800
-6% -$103K
CACI icon
633
CACI
CACI
$14.3B
$1.7M 0.01%
5,421
-200
-4% -$66.9K
SWN
634
DELISTED
Southwestern Energy Company
SWN
$1.7M 0.01%
263,300
-8,000
-3% -$51K
AZPN
635
DELISTED
Aspen Technology Inc
AZPN
$1.7M 0.01%
8,307
-600
-7% -$113K
GTLS
636
DELISTED
Chart Industries
GTLS
$1.69M 0.01%
10,000
-500
-5% -$84.1K
CIEN icon
637
Ciena
CIEN
$54.9B
$1.69M 0.01%
35,696
-1,000
-3% -$44.1K
VOYA icon
638
Voya Financial
VOYA
$9.09B
$1.68M 0.01%
25,316
+1,100
+5% +$78.3K
DBX icon
639
Dropbox
DBX
$8.07B
$1.68M 0.01%
61,600
-5,400
-8% -$147K
RGLD icon
640
Royal Gold
RGLD
$19.8B
$1.67M 0.01%
15,748
-400
-2% -$45.5K
CHX
641
DELISTED
ChampionX
CHX
$1.67M 0.01%
46,995
-1,800
-4% -$64K
GXO icon
642
GXO Logistics
GXO
$5.4B
$1.67M 0.01%
28,427
-900
-3% -$56.3K
EXEL icon
643
Exelixis
EXEL
$13.1B
$1.66M 0.01%
76,116
-4,100
-5% -$85.8K
PRI icon
644
Primerica
PRI
$9.65B
$1.65M 0.01%
8,519
-400
-4% -$81.9K
BWXT icon
645
BWX Technologies
BWXT
$15.5B
$1.64M 0.01%
21,900
-600
-3% -$43.4K
CIVI
646
DELISTED
Civitas Resources
CIVI
$1.64M 0.01%
+20,300
New +$1.57M
MIDD icon
647
Middleby
MIDD
$5.89B
$1.64M 0.01%
12,820
-400
-3% -$56.8K
MHK icon
648
Mohawk Industries
MHK
$9.19B
$1.64M 0.01%
19,081
-800
-4% -$80.6K
GPK icon
649
Graphic Packaging
GPK
$3.53B
$1.64M 0.01%
73,400
-2,300
-3% -$52.8K
OLED icon
650
Universal Display
OLED
$4.16B
$1.63M 0.01%
10,405
-300
-3% -$45.6K
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 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.