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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
+9.66%
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
LSTR icon
651
Landstar System
LSTR
$6.05B
$1.63M 0.01%
9,070
-100
-1% -$17.6K
THC icon
652
Tenet Healthcare
THC
$20.9B
$1.62M 0.01%
27,293
-200
-0.7% -$11.1K
OHI icon
653
Omega Healthcare
OHI
$14.4B
$1.62M 0.01%
59,163
-500
-0.8% -$13.9K
NYT icon
654
New York Times
NYT
$10.5B
$1.62M 0.01%
41,616
-300
-0.7% -$11.1K
RRC icon
655
Range Resources
RRC
$9.41B
$1.62M 0.01%
61,086
-400
-0.7% -$10.1K
SKX
656
DELISTED
Skechers
SKX
$1.61M 0.01%
33,944
-200
-0.6% -$9.05K
AR icon
657
Antero Resources
AR
$11.4B
$1.61M 0.01%
69,800
-500
-0.7% -$13.2K
PRI icon
658
Primerica
PRI
$9.65B
$1.61M 0.01%
9,319
-100
-1% -$16.4K
DXC icon
659
DXC Technology
DXC
$1.74B
$1.6M 0.01%
62,528
+14
+0% +$382
EXEL icon
660
Exelixis
EXEL
$13.1B
$1.59M 0.01%
81,916
-200
-0.2% -$3.48K
LAD icon
661
Lithia Motors
LAD
$8.35B
$1.58M 0.01%
6,887
-100
-1% -$24.3K
SF
662
Stifel
SF
$12.6B
$1.57M 0.01%
39,881
-750
-2% -$31.5K
MDU icon
663
MDU Resources
MDU
$4.29B
$1.57M 0.01%
135,229
-1,052
-0.8% -$12.2K
TOL icon
664
Toll Brothers
TOL
$14B
$1.56M 0.01%
26,026
-800
-3% -$46.1K
CMA
665
DELISTED
Comerica
CMA
$1.56M 0.01%
35,970
+400
+1% +$25.6K
FLG
666
Flagstar Bank National Association
FLG
$5.82B
$1.56M 0.01%
57,381
-333
-0.6% -$9.01K
NCLH icon
667
Norwegian Cruise Line
NCLH
$8.52B
$1.56M 0.01%
115,679
+1,200
+1% +$18K
ADC icon
668
Agree Realty
ADC
$9.22B
$1.54M 0.01%
+22,400
New +$1.6M
CRUS icon
669
Cirrus Logic
CRUS
$6.11B
$1.52M 0.01%
13,941
-100
-0.7% -$9.73K
PII icon
670
Polaris
PII
$3.97B
$1.52M 0.01%
13,779
-100
-0.7% -$11.1K
VVV icon
671
Valvoline
VVV
$4.3B
$1.52M 0.01%
43,415
-1,700
-4% -$59.1K
WH icon
672
Wyndham Hotels & Resorts
WH
$5.29B
$1.52M 0.01%
22,353
-100
-0.4% -$7.37K
GXO icon
673
GXO Logistics
GXO
$5.4B
$1.51M 0.01%
29,927
-300
-1% -$14.9K
SON icon
674
Sonoco
SON
$5.72B
$1.5M 0.01%
24,651
-200
-0.8% -$11.9K
BC icon
675
Brunswick
BC
$5.21B
$1.5M 0.01%
18,270
-200
-1% -$16.5K
25 26
27
28 29

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.