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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
MAT icon
651
Mattel
MAT
$4.2B
$1.7M 0.01%
87,233
-2,300
-3% -$41.5K
WOLF icon
652
Wolfspeed
WOLF
$1.59B
$1.7M 0.01%
30,622
-800
-3% -$40.8K
SGI
653
Somnigroup International
SGI
$13.4B
$1.7M 0.01%
42,438
-600
-1% -$22.6K
ORI icon
654
Old Republic International
ORI
$10.2B
$1.69M 0.01%
67,078
-2,600
-4% -$65.1K
GTM
655
ZoomInfo Technologies
GTM
$1.24B
$1.69M 0.01%
+66,400
New +$1.57M
XPO icon
656
XPO
XPO
$23.5B
$1.68M 0.01%
28,542
-500
-2% -$22.6K
GNTX icon
657
Gentex
GNTX
$5.03B
$1.68M 0.01%
57,540
-1,700
-3% -$46.9K
GTLS
658
DELISTED
Chart Industries
GTLS
$1.68M 0.01%
10,500
-300
-3% -$38.3K
DXC icon
659
DXC Technology
DXC
$1.74B
$1.67M 0.01%
62,528
– –
EHC icon
660
Encompass Health
EHC
$12.4B
$1.67M 0.01%
24,645
-600
-2% -$37.6K
EXP icon
661
Eagle Materials
EXP
$6.44B
$1.66M 0.01%
8,929
-200
-2% -$31.9K
SEIC icon
662
SEI Investments
SEIC
$12.7B
$1.65M 0.01%
27,624
-5,300
-16% -$308K
DVA icon
663
DaVita
DVA
$11.7B
$1.64M 0.01%
16,339
– –
SWN
664
DELISTED
Southwestern Energy Company
SWN
$1.63M 0.01%
271,300
-7,500
-3% -$38.7K
BRX icon
665
Brixmor Property Group
BRX
$9.14B
$1.63M 0.01%
74,007
-1,800
-2% -$37.5K
NOVT icon
666
Novanta
NOVT
$6.18B
$1.62M 0.01%
8,800
-200
-2% -$32.7K
AA icon
667
Alcoa
AA
$13.6B
$1.62M 0.01%
47,675
-900
-2% -$32.7K
ALV icon
668
Autoliv
ALV
$8.96B
$1.62M 0.01%
19,000
-600
-3% -$52K
BWXT icon
669
BWX Technologies
BWXT
$15.5B
$1.61M 0.01%
+22,500
New +$1.47M
FCN icon
670
FTI Consulting
FCN
$4.17B
$1.6M 0.01%
8,404
-300
-3% -$56.7K
PII icon
671
Polaris
PII
$3.99B
$1.59M 0.01%
13,179
-600
-4% -$66.3K
SEE
672
DELISTED
Sealed Air
SEE
$1.59M 0.01%
39,703
– –
NYT icon
673
New York Times
NYT
$10.5B
$1.59M 0.01%
40,316
-1,300
-3% -$49.4K
STAG icon
674
STAG Industrial
STAG
$7.06B
$1.59M 0.01%
+44,200
New +$1.53M
FOX icon
675
Fox Class B
FOX
$23.8B
$1.58M 0.01%
49,431
+2,600
+6% +$78.8K
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
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
CHP
Castle Hook Partners New York $23.4B AUM 158.96% 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.