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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
WU icon
726
Western Union
WU
$2.19B
$1.32M 0.01%
118,336
-3,900
-3% -$50.8K
RL icon
727
Ralph Lauren
RL
$24.2B
$1.32M 0.01%
11,280
+100
+0.9% +$11.8K
CNXC icon
728
Concentrix
CNXC
$1.56B
$1.31M 0.01%
10,791
– –
VAC icon
729
Marriott Vacations Worldwide
VAC
$3.89B
$1.31M 0.01%
9,713
– –
HALO icon
730
Halozyme
HALO
$12.2B
$1.3M 0.01%
34,138
-300
-0.9% -$14.1K
NJR icon
731
New Jersey Resources
NJR
$5.45B
$1.3M 0.01%
24,485
– –
ASH icon
732
Ashland
ASH
$3.45B
$1.3M 0.01%
12,639
– –
FOXF icon
733
Fox Factory Holding Corp
FOXF
$882M
$1.3M 0.01%
10,689
-100
-0.9% -$11.5K
MUSA icon
734
Murphy USA
MUSA
$10.2B
$1.3M 0.01%
5,024
-300
-6% -$78.1K
BYD icon
735
Boyd Gaming
BYD
$5.92B
$1.28M 0.01%
20,024
-200
-1% -$12.4K
FYBR
736
DELISTED
Frontier Communications
FYBR
$1.28M 0.01%
56,300
-500
-0.9% -$13.4K
MKSI icon
737
MKS Inc
MKSI
$19.8B
$1.28M 0.01%
14,440
-100
-0.7% -$9.54K
HOG icon
738
Harley-Davidson
HOG
$2.72B
$1.27M 0.01%
33,561
-300
-0.9% -$13.2K
EXPO icon
739
Exponent
EXPO
$3.28B
$1.27M 0.01%
+12,700
New +$1.29M
HQY icon
740
HealthEquity
HQY
$8.93B
$1.26M 0.01%
21,422
-100
-0.5% -$6.07K
SMCI icon
741
Super Micro Computer
SMCI
$20.4B
$1.26M 0.01%
118,000
+1,000
+0.9% +$9.02K
PBF icon
742
PBF Energy
PBF
$7.86B
$1.25M 0.01%
28,900
-200
-0.7% -$8.42K
MSA icon
743
Mine Safety
MSA
$7.45B
$1.25M 0.01%
9,355
– –
MPT
744
Medical Properties Trust
MPT
$2.48B
$1.24M 0.01%
151,300
-900
-0.6% -$9.94K
UFPI icon
745
UFP Industries
UFPI
$5.01B
$1.24M 0.01%
+15,600
New +$1.33M
RYN icon
746
Rayonier
RYN
$6.52B
$1.24M 0.01%
40,995
-110
-0.3% -$3.39K
ZION icon
747
Zions Bancorporation
ZION
$10.3B
$1.23M 0.01%
41,117
+500
+1% +$22.9K
PSNL icon
748
Personalis
PSNL
$1.55B
$1.22M 0.01%
443,798
– –
CAR icon
749
Avis
CAR
$4.9B
$1.22M 0.01%
6,273
-100
-2% -$20.1K
PRGO icon
750
Perrigo
PRGO
$1.75B
$1.22M 0.01%
34,058
-200
-0.6% -$7.23K
28 29
30
31 32

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 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.