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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
IDA icon
701
Idacorp
IDA
$8.08B
$1.39M 0.01%
12,820
-100
-0.8% -$10.5K
STWD icon
702
Starwood Property Trust
STWD
$6.16B
$1.38M 0.01%
+78,200
New +$1.51M
OSK icon
703
Oshkosh
OSK
$9.59B
$1.37M 0.01%
16,508
-100
-0.6% -$9.07K
CXT icon
704
Crane NXT
CXT
$2.96B
$1.37M 0.01%
34,755
-288
-0.8% -$11.4K
TKR icon
705
Timken Company
TKR
$8.77B
$1.37M 0.01%
16,723
-100
-0.6% -$8.09K
MUR icon
706
Murphy Oil
MUR
$5.09B
$1.37M 0.01%
36,947
-300
-0.8% -$12K
EHC icon
707
Encompass Health
EHC
$12.5B
$1.37M 0.01%
25,245
-200
-0.8% -$11.6K
CHX
708
DELISTED
ChampionX
CHX
$1.36M 0.01%
50,195
-600
-1% -$17.9K
SSB icon
709
SouthState Bank Corp
SSB
$10.5B
$1.36M 0.01%
+19,100
New +$1.49M
EXLS icon
710
EXL Service
EXLS
$5.32B
$1.36M 0.01%
42,000
– –
RLI icon
711
RLI Corp
RLI
$5.83B
$1.36M 0.01%
20,432
-200
-1% -$13.3K
HRB icon
712
H&R Block
HRB
$5.82B
$1.36M 0.01%
38,468
-1,100
-3% -$40.7K
AMG icon
713
Affiliated Managers Group
AMG
$9.6B
$1.36M 0.01%
9,519
-100
-1% -$15.8K
GTLS
714
DELISTED
Chart Industries
GTLS
$1.35M 0.01%
10,800
+200
+2% +$25.7K
MTDR icon
715
Matador Resources
MTDR
$6.49B
$1.35M 0.01%
28,400
-200
-0.7% -$11.2K
TREX icon
716
Trex
TREX
$4.91B
$1.35M 0.01%
27,722
-200
-0.7% -$10.1K
AIRC
717
DELISTED
Apartment Income REIT Corp.
AIRC
$1.34M 0.01%
37,550
-600
-2% -$22K
OPCH icon
718
Option Care Health
OPCH
$3.67B
$1.34M 0.01%
42,259
+2,900
+7% +$86.9K
NFG icon
719
National Fuel Gas
NFG
$7.78B
$1.34M 0.01%
23,212
-100
-0.4% -$5.8K
EXP icon
720
Eagle Materials
EXP
$6.47B
$1.34M 0.01%
9,129
-300
-3% -$42.5K
COHR icon
721
Coherent
COHR
$63.6B
$1.34M 0.01%
35,106
-200
-0.6% -$8.14K
EEFT icon
722
Euronet Worldwide
EEFT
$2.65B
$1.33M 0.01%
11,917
-100
-0.8% -$10.8K
FLO icon
723
Flowers Foods
FLO
$1.51B
$1.33M 0.01%
48,542
-400
-0.8% -$11K
DVA icon
724
DaVita
DVA
$11.7B
$1.33M 0.01%
16,339
+100
+0.6% +$8.01K
PTON icon
725
Peloton Interactive
PTON
$2.42B
$1.32M 0.01%
116,477
– –
27 28
29
30 31

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.