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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
PDCE
676
DELISTED
PDC Energy, Inc.
PDCE
$1.5M 0.01%
23,320
-100
-0.4% -$6.47K
X
677
DELISTED
US Steel
X
$1.5M 0.01%
57,299
-2,300
-4% -$63.9K
CPRI icon
678
Capri Holdings
CPRI
$1.75B
$1.49M 0.01%
31,765
-1,000
-3% -$53.7K
AYI icon
679
Acuity Brands
AYI
$10.6B
$1.48M 0.01%
8,094
-100
-1% -$18.5K
SAIC icon
680
Saic
SAIC
$5.3B
$1.48M 0.01%
13,755
-300
-2% -$31.6K
WWD icon
681
Woodward
WWD
$21B
$1.47M 0.01%
15,110
-200
-1% -$20.1K
ALK icon
682
Alaska Air
ALK
$5.27B
$1.47M 0.01%
35,062
+600
+2% +$28.1K
GME icon
683
GameStop
GME
$8.43B
$1.47M 0.01%
63,900
-400
-0.6% -$7.97K
FOX icon
684
Fox Class B
FOX
$23.6B
$1.47M 0.01%
46,831
– –
SIGI icon
685
Selective Insurance
SIGI
$5.66B
$1.46M 0.01%
15,281
-100
-0.7% -$9.57K
FAF icon
686
First American
FAF
$7.37B
$1.46M 0.01%
26,164
-200
-0.8% -$11.5K
JEF icon
687
Jefferies Financial Group
JEF
$12.8B
$1.45M 0.01%
45,716
-3,044
-6% -$110K
CMC icon
688
Commercial Metals
CMC
$8.1B
$1.45M 0.01%
29,637
-200
-0.7% -$10.4K
UNVR
689
DELISTED
Univar Solutions Inc.
UNVR
$1.44M 0.01%
41,197
-300
-0.7% -$10.2K
LNTH icon
690
Lantheus
LNTH
$6.59B
$1.44M 0.01%
17,400
-100
-0.6% -$6.45K
NOVT icon
691
Novanta
NOVT
$6.2B
$1.43M 0.01%
9,000
-100
-1% -$15.4K
PVH icon
692
PVH
PVH
$4.02B
$1.43M 0.01%
16,000
-600
-4% -$48.9K
LNW
693
DELISTED
Light & Wonder
LNW
$1.42M 0.01%
23,699
-100
-0.4% -$6.16K
PB icon
694
Prosperity Bancshares
PB
$8.81B
$1.42M 0.01%
23,097
-100
-0.4% -$7.12K
SLAB icon
695
Silicon Laboratories
SLAB
$7.2B
$1.42M 0.01%
8,097
-400
-5% -$67.2K
CHRD icon
696
Chord Energy
CHRD
$7.8B
$1.41M 0.01%
+10,500
New +$1.43M
MTZ icon
697
MasTec
MTZ
$21.5B
$1.41M 0.01%
14,939
-100
-0.7% -$9.51K
SRC
698
DELISTED
SPIRIT REALTY CAPITAL, INC.
SRC
$1.41M 0.01%
35,316
-200
-0.6% -$8.28K
SWN
699
DELISTED
Southwestern Energy Company
SWN
$1.39M 0.01%
278,800
-2,200
-0.8% -$11.7K
WING icon
700
Wingstop
WING
$3.2B
$1.39M 0.01%
7,572
– –
26 27
28
29 30

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.