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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
RBC icon
651
RBC Bearings
RBC
$17.6B
$1.62M 0.01%
+6,900
New +$1.57M
NYT icon
652
New York Times
NYT
$10.5B
$1.61M 0.01%
39,116
-1,200
-3% -$50.5K
JLL icon
653
Jones Lang LaSalle
JLL
$16.4B
$1.61M 0.01%
11,411
-400
-3% -$65.3K
EHC icon
654
Encompass Health
EHC
$12.5B
$1.61M 0.01%
23,945
-700
-3% -$48.1K
MUR icon
655
Murphy Oil
MUR
$5.09B
$1.61M 0.01%
35,447
-700
-2% -$30.5K
CHRD icon
656
Chord Energy
CHRD
$7.8B
$1.6M 0.01%
9,900
-300
-3% -$47.1K
VFC icon
657
VF Corp
VFC
$5.86B
$1.6M 0.01%
90,646
-100
-0.1% -$1.9K
THC icon
658
Tenet Healthcare
THC
$20.9B
$1.6M 0.01%
24,293
-800
-3% -$59.8K
TREX icon
659
Trex
TREX
$4.91B
$1.6M 0.01%
25,922
-900
-3% -$61.7K
OGE icon
660
OGE Energy
OGE
$9.54B
$1.6M 0.01%
47,914
-1,400
-3% -$49K
MUSA icon
661
Murphy USA
MUSA
$10.2B
$1.58M 0.01%
4,624
-300
-6% -$95.3K
SEIC icon
662
SEI Investments
SEIC
$12.6B
$1.58M 0.01%
26,224
-1,400
-5% -$86.1K
MTDR icon
663
Matador Resources
MTDR
$6.49B
$1.58M 0.01%
26,500
-1,400
-5% -$81.5K
SKX
664
DELISTED
Skechers
SKX
$1.57M 0.01%
32,144
-900
-3% -$46K
HRB icon
665
H&R Block
HRB
$5.82B
$1.57M 0.01%
36,368
-1,100
-3% -$40.6K
LNW
666
DELISTED
Light & Wonder
LNW
$1.55M 0.01%
21,799
-600
-3% -$43.5K
WFRD icon
667
Weatherford International
WFRD
$6.66B
$1.55M 0.01%
+17,200
New +$1.45M
INGR icon
668
Ingredion
INGR
$6.53B
$1.55M 0.01%
15,788
-500
-3% -$51.9K
ACHC icon
669
Acadia Healthcare
ACHC
$2.96B
$1.55M 0.01%
22,030
-600
-3% -$44.8K
ST icon
670
Sensata Technologies
ST
$6.66B
$1.55M 0.01%
40,920
+35,600
+669% +$1.44M
JEF icon
671
Jefferies Financial Group
JEF
$12.8B
$1.55M 0.01%
42,216
-3,800
-8% -$136K
NNN icon
672
NNN REIT
NNN
$8.8B
$1.54M 0.01%
43,584
-1,300
-3% -$52.1K
TXRH icon
673
Texas Roadhouse
TXRH
$13.6B
$1.54M 0.01%
15,978
-500
-3% -$53.2K
SF
674
Stifel
SF
$12.7B
$1.54M 0.01%
37,481
-1,800
-5% -$75.8K
SSD icon
675
Simpson Manufacturing
SSD
$8.03B
$1.53M 0.01%
10,227
-300
-3% -$45.6K
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 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.