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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
MSA icon
676
Mine Safety
MSA
$7.49B
$1.58M 0.01%
9,055
-300
-3% -$42.9K
G icon
677
Genpact
G
$5.76B
$1.57M 0.01%
41,784
-700
-2% -$28.2K
CHRD icon
678
Chord Energy
CHRD
$7.39B
$1.57M 0.01%
10,200
-300
-3% -$43.5K
AR icon
679
Antero Resources
AR
$10.7B
$1.57M 0.01%
68,000
-1,800
-3% -$40K
SF
680
Stifel
SF
$12.6B
$1.56M 0.01%
39,281
-600
-2% -$23.4K
CIEN icon
681
Ciena
CIEN
$58.4B
$1.56M 0.01%
36,696
-800
-2% -$36.4K
NOV icon
682
NOV
NOV
$7B
$1.56M 0.01%
96,977
-2,300
-2% -$37.5K
OLED icon
683
Universal Display
OLED
$4.19B
$1.54M 0.01%
10,705
-300
-3% -$43K
LNW
684
DELISTED
Light & Wonder
LNW
$1.54M 0.01%
22,399
-1,300
-5% -$80.7K
EXEL icon
685
Exelixis
EXEL
$13.4B
$1.53M 0.01%
80,216
-1,700
-2% -$32.8K
MUSA icon
686
Murphy USA
MUSA
$9.61B
$1.53M 0.01%
4,924
-100
-2% -$28K
PDCE
687
DELISTED
PDC Energy, Inc.
PDCE
$1.53M 0.01%
21,520
-1,800
-8% -$122K
MKSI icon
688
MKS Inc
MKSI
$20.6B
$1.53M 0.01%
14,140
-300
-2% -$27.5K
JEF icon
689
Jefferies Financial Group
JEF
$13.1B
$1.53M 0.01%
46,016
+300
+0.7% +$9.36K
CMA
690
DELISTED
Comerica
CMA
$1.52M 0.01%
35,970
– –
CMC icon
691
Commercial Metals
CMC
$8.31B
$1.52M 0.01%
28,837
-800
-3% -$37.3K
CHX
692
DELISTED
ChampionX
CHX
$1.51M 0.01%
48,795
-1,400
-3% -$38.6K
BC icon
693
Brunswick
BC
$5.28B
$1.51M 0.01%
17,470
-800
-4% -$65.3K
GME icon
694
GameStop
GME
$8.6B
$1.51M 0.01%
62,300
-1,600
-3% -$35.9K
VMI icon
695
Valmont Industries
VMI
$9.53B
$1.51M 0.01%
5,188
-200
-4% -$57.8K
ADC icon
696
Agree Realty
ADC
$9.41B
$1.5M 0.01%
23,000
+600
+3% +$39.7K
AZPN
697
DELISTED
Aspen Technology Inc
AZPN
$1.49M 0.01%
8,907
+400
+5% +$74.3K
FHN icon
698
First Horizon
FHN
$12.1B
$1.49M 0.01%
132,456
-3,100
-2% -$41.5K
STWD icon
699
Starwood Property Trust
STWD
$6.09B
$1.49M 0.01%
76,900
-1,300
-2% -$23.1K
SAIC icon
700
Saic
SAIC
$5.35B
$1.49M 0.01%
13,255
-500
-4% -$51.9K
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
AM
AGF Management Toronto, Ontario, Canada $22.3B AUM 46.42% 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

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.