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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
FAF icon
701
First American
FAF
$7.37B
$1.39M 0.01%
24,664
-800
-3% -$48K
GMED icon
702
Globus Medical
GMED
$11.7B
$1.39M 0.01%
28,061
+8,400
+43% +$470K
HR icon
703
Healthcare Realty
HR
$6.73B
$1.39M 0.01%
91,053
-2,800
-3% -$49.7K
OPCH icon
704
Option Care Health
OPCH
$3.67B
$1.39M 0.01%
42,959
+2,200
+5% +$74.2K
CMC icon
705
Commercial Metals
CMC
$8.1B
$1.38M 0.01%
27,937
-900
-3% -$48.9K
STWD icon
706
Starwood Property Trust
STWD
$6.16B
$1.37M 0.01%
71,000
-5,900
-8% -$120K
IRDM icon
707
Iridium Communications
IRDM
$5.23B
$1.36M 0.01%
29,859
-1,200
-4% -$62.2K
SAIC icon
708
Saic
SAIC
$5.3B
$1.36M 0.01%
12,855
-400
-3% -$46.1K
MEDP icon
709
Medpace
MEDP
$16.8B
$1.36M 0.01%
5,599
-500
-8% -$128K
QLYS icon
710
Qualys
QLYS
$6.43B
$1.34M 0.01%
8,776
+500
+6% +$71.9K
FOX icon
711
Fox Class B
FOX
$23.6B
$1.34M 0.01%
46,231
-3,200
-6% -$98K
PII icon
712
Polaris
PII
$3.97B
$1.33M 0.01%
12,779
-400
-3% -$47.5K
BC icon
713
Brunswick
BC
$5.21B
$1.32M 0.01%
16,670
-800
-5% -$65.9K
HXL icon
714
Hexcel
HXL
$7.63B
$1.32M 0.01%
20,197
-252,600
-93% -$18M
RLI icon
715
RLI Corp
RLI
$5.83B
$1.31M 0.01%
19,232
-800
-4% -$54K
MKSI icon
716
MKS Inc
MKSI
$19.8B
$1.3M 0.01%
15,040
+900
+6% +$87.8K
CBSH icon
717
Commerce Bancshares
CBSH
$8.44B
$1.3M 0.01%
31,401
-926
-3% -$40K
SEE
718
DELISTED
Sealed Air
SEE
$1.3M 0.01%
39,603
-100
-0.3% -$3.87K
CROX icon
719
Crocs
CROX
$6.63B
$1.3M 0.01%
14,738
-500
-3% -$51.4K
BRBR icon
720
BellRing Brands
BRBR
$1.32B
$1.3M 0.01%
31,445
-1,300
-4% -$49.8K
ALK icon
721
Alaska Air
ALK
$5.27B
$1.29M 0.01%
34,862
-200
-0.6% -$9.06K
WING icon
722
Wingstop
WING
$3.2B
$1.29M 0.01%
7,172
-200
-3% -$34.6K
RL icon
723
Ralph Lauren
RL
$24.2B
$1.29M 0.01%
11,080
-200
-2% -$24.2K
AYI icon
724
Acuity Brands
AYI
$10.6B
$1.28M 0.01%
7,494
-300
-4% -$49K
SON icon
725
Sonoco
SON
$5.72B
$1.27M 0.01%
23,451
-700
-3% -$39.6K
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 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.