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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
TKR icon
701
Timken Company
TKR
$8.88B
$1.48M 0.01%
16,223
-500
-3% -$39.4K
UFPI icon
702
UFP Industries
UFPI
$5.05B
$1.48M 0.01%
15,300
-300
-2% -$25K
WING icon
703
Wingstop
WING
$3.19B
$1.48M 0.01%
7,372
-200
-3% -$39.1K
NXST icon
704
Nexstar Media Group
NXST
$5.88B
$1.47M 0.01%
8,800
-700
-7% -$116K
MEDP icon
705
Medpace
MEDP
$16.7B
$1.46M 0.01%
6,099
-300
-5% -$62.3K
MTDR icon
706
Matador Resources
MTDR
$6.31B
$1.46M 0.01%
27,900
-500
-2% -$24.2K
SSD icon
707
Simpson Manufacturing
SSD
$8.03B
$1.46M 0.01%
10,527
-200
-2% -$24.6K
RH icon
708
RH
RH
$3.64B
$1.46M 0.01%
4,415
-300
-6% -$78.4K
OGN icon
709
Organon & Co
OGN
$3.57B
$1.45M 0.01%
69,864
– –
FAF icon
710
First American
FAF
$7.41B
$1.45M 0.01%
25,464
-700
-3% -$39.5K
WH icon
711
Wyndham Hotels & Resorts
WH
$5.36B
$1.45M 0.01%
21,153
-1,200
-5% -$81.9K
SIGI icon
712
Selective Insurance
SIGI
$5.68B
$1.43M 0.01%
14,881
-400
-3% -$39.4K
SON icon
713
Sonoco
SON
$5.58B
$1.43M 0.01%
24,151
-500
-2% -$30.1K
LNTH icon
714
Lantheus
LNTH
$6.59B
$1.41M 0.01%
16,800
-600
-3% -$53.8K
X
715
DELISTED
US Steel
X
$1.4M 0.01%
55,799
-1,500
-3% -$34.9K
OSK icon
716
Oshkosh
OSK
$9.49B
$1.39M 0.01%
16,108
-400
-2% -$31.5K
UNVR
717
DELISTED
Univar Solutions Inc.
UNVR
$1.39M 0.01%
38,897
-2,300
-6% -$81.7K
RL icon
718
Ralph Lauren
RL
$23.7B
$1.39M 0.01%
11,280
– –
MUR icon
719
Murphy Oil
MUR
$5.03B
$1.38M 0.01%
36,147
-800
-2% -$29.5K
SRC
720
DELISTED
SPIRIT REALTY CAPITAL, INC.
SRC
$1.37M 0.01%
34,816
-500
-1% -$19.4K
THO icon
721
Thor Industries
THO
$4.12B
$1.37M 0.01%
13,218
-300
-2% -$25.3K
RLI icon
722
RLI Corp
RLI
$5.86B
$1.37M 0.01%
20,032
-400
-2% -$26.6K
NVST icon
723
Envista
NVST
$4.47B
$1.37M 0.01%
40,363
-900
-2% -$31.8K
MPT
724
Medical Properties Trust
MPT
$2.49B
$1.36M 0.01%
147,400
-3,900
-3% -$33K
EEFT icon
725
Euronet Worldwide
EEFT
$2.67B
$1.36M 0.01%
11,617
-300
-3% -$33.5K
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
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.