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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
CRM icon
51
Salesforce
CRM
$158B
$54.2M 0.35%
267,043
-2,200
-0.8% -$475K
MCD icon
52
McDonald's
MCD
$195B
$52.6M 0.34%
199,815
-900
-0.4% -$257K
BAC icon
53
Bank of America
BAC
$442B
$51.9M 0.34%
1,895,212
-11,200
-0.6% -$331K
INTC icon
54
Intel
INTC
$513B
$51.5M 0.33%
1,447,383
-54,500
-4% -$1.9M
CMCSA icon
55
Comcast
CMCSA
$90B
$50M 0.32%
1,128,289
-15,400
-1% -$688K
LIN icon
56
Linde
LIN
$226B
$49.8M 0.32%
133,804
-800
-0.6% -$304K
MBB icon
57
iShares MBS ETF
MBB
$39.1B
$48M 0.31%
540,800
– –
ABT icon
58
Abbott
ABT
$187B
$47.4M 0.31%
488,957
-5,700
-1% -$599K
NFLX icon
59
Netflix
NFLX
$309B
$45.9M 0.3%
1,214,490
-8,000
-0.7% -$339K
ORCL icon
60
Oracle
ORCL
$423B
$45.7M 0.3%
431,532
+8,400
+2% +$972K
COP icon
61
ConocoPhillips
COP
$141B
$45.1M 0.29%
376,091
-16,200
-4% -$1.88M
WFC icon
62
Wells Fargo
WFC
$264B
$44.8M 0.29%
1,095,449
-46,000
-4% -$1.99M
DHR icon
63
Danaher
DHR
$144B
$44.7M 0.29%
203,205
-2,820
-1% -$629K
AGG icon
64
iShares Core US Aggregate Bond ETF
AGG
$138B
$44M 0.28%
467,500
– –
PAYC icon
65
Paycom
PAYC
$9.69B
$42.8M 0.28%
165,153
-200
-0.1% -$61K
TXN icon
66
Texas Instruments
TXN
$261B
$42.4M 0.27%
266,565
-5,100
-2% -$870K
DIS icon
67
Walt Disney
DIS
$181B
$40.7M 0.26%
501,566
-900
-0.2% -$76.9K
IBM icon
68
IBM
IBM
$224B
$40.3M 0.26%
287,586
-6,900
-2% -$982K
AMGN icon
69
Amgen
AMGN
$222B
$39.4M 0.25%
146,597
-300
-0.2% -$74.9K
PM icon
70
Philip Morris
PM
$295B
$39.4M 0.25%
425,558
-1,300
-0.3% -$125K
CRWD icon
71
CrowdStrike
CRWD
$218B
$39M 0.25%
932,000
– –
CAT icon
72
Caterpillar
CAT
$387B
$38.2M 0.25%
139,872
-1,800
-1% -$488K
XLE icon
73
State Street Energy Select Sector SPDR ETF
XLE
$37.6B
$38M 0.25%
840,000
+640,000
+320% +$28M
AMAT icon
74
Applied Materials
AMAT
$428B
$37.7M 0.24%
272,055
-10,900
-4% -$1.56M
NKE icon
75
Nike
NKE
$61.9B
$37M 0.24%
386,915
-15,500
-4% -$1.59M
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 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.