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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
QUAL icon
51
iShares MSCI USA Quality Factor ETF
QUAL
$48.1B
$52.4M 0.34%
422,300
-40,050
-9% -$4.81M
ACN icon
52
Accenture
ACN
$108B
$52.4M 0.34%
183,238
+1,700
+0.9% +$463K
PANW icon
53
Palo Alto Networks
PANW
$297B
$51.4M 0.34%
514,920
+30,800
+6% +$2.61M
ADBE icon
54
Adobe
ADBE
$105B
$51.2M 0.34%
132,823
-700
-0.5% -$249K
ABT icon
55
Abbott
ABT
$187B
$50.4M 0.33%
497,757
+4,900
+1% +$517K
FTNT icon
56
Fortinet
FTNT
$117B
$50.4M 0.33%
758,070
+1,800
+0.2% +$102K
DIS icon
57
Walt Disney
DIS
$181B
$50.2M 0.33%
501,666
+6,200
+1% +$625K
TXN icon
58
Texas Instruments
TXN
$261B
$49.7M 0.33%
267,265
+2,200
+0.8% +$387K
INTC icon
59
Intel
INTC
$513B
$48.3M 0.32%
1,479,883
+14,400
+1% +$408K
HSY icon
60
Hershey
HSY
$36.6B
$48.1M 0.32%
189,134
+400
+0.2% +$94K
LIN icon
61
Linde
LIN
$226B
$48.1M 0.32%
135,204
+800
+0.6% +$268K
AGG icon
62
iShares Core US Aggregate Bond ETF
AGG
$138B
$46.6M 0.31%
467,500
– –
DHR icon
63
Danaher
DHR
$144B
$45.4M 0.3%
203,092
+2,256
+1% +$513K
NKE icon
64
Nike
NKE
$61.9B
$45.3M 0.3%
369,515
-300
-0.1% -$36.9K
RTX icon
65
RTX Corp
RTX
$301B
$44.1M 0.29%
450,532
+2,800
+0.6% +$276K
CMCSA icon
66
Comcast
CMCSA
$90B
$43.8M 0.29%
1,155,189
-17,200
-1% -$650K
WFC icon
67
Wells Fargo
WFC
$264B
$42.7M 0.28%
1,143,549
+10,800
+1% +$471K
NFLX icon
68
Netflix
NFLX
$309B
$42.2M 0.28%
1,222,490
+13,000
+1% +$430K
NEE icon
69
NextEra Energy
NEE
$177B
$42.1M 0.28%
545,698
+5,600
+1% +$431K
QCOM icon
70
Qualcomm
QCOM
$176B
$41.7M 0.27%
326,866
+1,500
+0.5% +$186K
PM icon
71
Philip Morris
PM
$295B
$41.4M 0.27%
425,658
+4,300
+1% +$429K
PAYC icon
72
Paycom
PAYC
$9.69B
$39.4M 0.26%
129,653
+100
+0.1% +$30.1K
ORCL icon
73
Oracle
ORCL
$423B
$39.2M 0.26%
422,032
+4,400
+1% +$386K
UPS icon
74
United Parcel Service
UPS
$88.9B
$38.9M 0.26%
200,414
+2,100
+1% +$385K
VLUE icon
75
iShares MSCI USA Value Factor ETF
VLUE
$9.47B
$38.2M 0.25%
412,550
-45,800
-10% -$4.31M
1 2
3
4 5

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 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.