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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
WCC
676
WESCO International
WCC
$17.9B
$1.52M 0.01%
10,600
-500
-5% -$80.7K
LSTR icon
677
Landstar System
LSTR
$6.05B
$1.52M 0.01%
8,570
-300
-3% -$57.6K
UFPI icon
678
UFP Industries
UFPI
$5.01B
$1.52M 0.01%
14,800
-500
-3% -$50.5K
FR icon
679
First Industrial Realty Trust
FR
$8.36B
$1.5M 0.01%
31,568
-1,000
-3% -$51.5K
DVA icon
680
DaVita
DVA
$11.7B
$1.5M 0.01%
15,839
-500
-3% -$51K
CMA
681
DELISTED
Comerica
CMA
$1.49M 0.01%
35,970
– –
BRX icon
682
Brixmor Property Group
BRX
$9.15B
$1.49M 0.01%
71,907
-2,100
-3% -$46.5K
SIGI icon
683
Selective Insurance
SIGI
$5.66B
$1.49M 0.01%
14,481
-400
-3% -$40.1K
HQY icon
684
HealthEquity
HQY
$8.93B
$1.49M 0.01%
20,422
-600
-3% -$40.5K
OSK icon
685
Oshkosh
OSK
$9.59B
$1.49M 0.01%
15,608
-500
-3% -$48.5K
STAG icon
686
STAG Industrial
STAG
$7.09B
$1.48M 0.01%
43,000
-1,200
-3% -$43.6K
LFUS icon
687
Littelfuse
LFUS
$11.6B
$1.47M 0.01%
5,953
-200
-3% -$54.1K
FHN icon
688
First Horizon
FHN
$12B
$1.47M 0.01%
133,556
+1,100
+0.8% +$13.6K
BRKR icon
689
Bruker
BRKR
$8.58B
$1.46M 0.01%
23,493
-1,100
-4% -$74K
CPRI icon
690
Capri Holdings
CPRI
$1.75B
$1.46M 0.01%
27,765
-3,200
-10% -$145K
MORN icon
691
Morningstar
MORN
$7.54B
$1.45M 0.01%
+6,200
New +$1.4M
FCN icon
692
FTI Consulting
FCN
$4.17B
$1.45M 0.01%
8,104
-300
-4% -$55.9K
G icon
693
Genpact
G
$5.73B
$1.44M 0.01%
39,884
-1,900
-5% -$70.5K
AXTA icon
694
Axalta
AXTA
$8.01B
$1.43M 0.01%
53,000
-1,600
-3% -$46.9K
ZION icon
695
Zions Bancorporation
ZION
$10.3B
$1.42M 0.01%
40,617
-100
-0.2% -$3.49K
PBF icon
696
PBF Energy
PBF
$7.86B
$1.41M 0.01%
26,300
-700
-3% -$33.3K
EXP icon
697
Eagle Materials
EXP
$6.47B
$1.4M 0.01%
8,429
-500
-6% -$90.9K
WH icon
698
Wyndham Hotels & Resorts
WH
$5.29B
$1.4M 0.01%
20,153
-1,000
-5% -$74.2K
CFR icon
699
Cullen/Frost Bankers
CFR
$10.3B
$1.4M 0.01%
15,364
-500
-3% -$50.7K
MSA icon
700
Mine Safety
MSA
$7.45B
$1.4M 0.01%
8,855
-200
-2% -$34.4K
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 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.