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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
ACN icon
51
Accenture
ACN
$108B
$57.2M 0.35%
185,338
+2,100
+1% +$610K
CRM icon
52
Salesforce
CRM
$158B
$56.9M 0.35%
269,243
-5,400
-2% -$1.1M
BAC icon
53
Bank of America
BAC
$442B
$54.7M 0.34%
1,906,412
-10,200
-0.5% -$291K
ABT icon
54
Abbott
ABT
$187B
$53.9M 0.33%
494,657
-3,100
-0.6% -$330K
NFLX icon
55
Netflix
NFLX
$309B
$53.8M 0.33%
1,222,490
– –
PAYC icon
56
Paycom
PAYC
$9.69B
$53.1M 0.33%
165,353
+35,700
+28% +$10.5M
LIN icon
57
Linde
LIN
$226B
$51.3M 0.32%
134,604
-600
-0.4% -$219K
MBB icon
58
iShares MBS ETF
MBB
$39.1B
$50.4M 0.31%
540,800
+315,000
+140% +$29.6M
ORCL icon
59
Oracle
ORCL
$423B
$50.4M 0.31%
423,132
+1,100
+0.3% +$114K
INTC icon
60
Intel
INTC
$513B
$50.2M 0.31%
1,501,883
+22,000
+1% +$691K
TXN icon
61
Texas Instruments
TXN
$261B
$48.9M 0.3%
271,665
+4,400
+2% +$757K
WFC icon
62
Wells Fargo
WFC
$264B
$48.7M 0.3%
1,141,449
-2,100
-0.2% -$84.5K
CMCSA icon
63
Comcast
CMCSA
$90B
$47.5M 0.29%
1,143,689
-11,500
-1% -$457K
HSY icon
64
Hershey
HSY
$36.6B
$47M 0.29%
188,234
-900
-0.5% -$236K
AGG icon
65
iShares Core US Aggregate Bond ETF
AGG
$138B
$45.8M 0.28%
467,500
– –
DIS icon
66
Walt Disney
DIS
$181B
$44.9M 0.28%
502,466
+800
+0.2% +$75.8K
NKE icon
67
Nike
NKE
$61.9B
$44.4M 0.27%
402,415
+32,900
+9% +$3.85M
DHR icon
68
Danaher
DHR
$144B
$43.8M 0.27%
206,025
+2,933
+1% +$621K
RTX icon
69
RTX Corp
RTX
$301B
$43.1M 0.27%
439,532
-11,000
-2% -$1.08M
CVS icon
70
CVS Health
CVS
$122B
$42.4M 0.26%
613,677
+220,700
+56% +$15.7M
PM icon
71
Philip Morris
PM
$295B
$41.7M 0.26%
426,858
+1,200
+0.3% +$115K
NEE icon
72
NextEra Energy
NEE
$177B
$41.3M 0.25%
556,398
+10,700
+2% +$810K
AMAT icon
73
Applied Materials
AMAT
$428B
$40.9M 0.25%
282,955
+4,000
+1% +$501K
COP icon
74
ConocoPhillips
COP
$141B
$40.6M 0.25%
392,291
+56,200
+17% +$5.77M
QCOM icon
75
Qualcomm
QCOM
$176B
$39.5M 0.24%
331,666
+4,800
+1% +$552K
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 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.