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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
CBSH icon
726
Commerce Bancshares
CBSH
$8.5B
$1.36M 0.01%
32,327
-926
-3% -$41K
CC icon
727
Chemours
CC
$2.37B
$1.36M 0.01%
36,779
-700
-2% -$21.4K
CAR icon
728
Avis
CAR
$5.02B
$1.34M 0.01%
5,873
-400
-6% -$73.3K
AMG icon
729
Affiliated Managers Group
AMG
$9.76B
$1.34M 0.01%
8,919
-600
-6% -$85.9K
POWI icon
730
Power Integrations
POWI
$3.61B
$1.34M 0.01%
14,118
-300
-2% -$25K
TDC icon
731
Teradata
TDC
$2.55B
$1.33M 0.01%
24,942
-800
-3% -$36.1K
LPX icon
732
Louisiana-Pacific
LPX
$5.49B
$1.33M 0.01%
17,758
-400
-2% -$24.7K
HQY icon
733
HealthEquity
HQY
$8.75B
$1.33M 0.01%
21,022
-400
-2% -$23.2K
AIRC
734
DELISTED
Apartment Income REIT Corp.
AIRC
$1.33M 0.01%
36,750
-800
-2% -$28.5K
OPCH icon
735
Option Care Health
OPCH
$3.56B
$1.32M 0.01%
40,759
-1,500
-4% -$45.2K
PVH icon
736
PVH
PVH
$4.04B
$1.32M 0.01%
15,500
-500
-3% -$42.2K
BYD icon
737
Boyd Gaming
BYD
$6.06B
$1.31M 0.01%
18,924
-1,100
-5% -$73.9K
TMHC
738
DELISTED
Taylor Morrison
TMHC
$1.31M 0.01%
26,895
-500
-2% -$21.5K
PB icon
739
Prosperity Bancshares
PB
$8.89B
$1.31M 0.01%
23,197
+100
+0.4% +$5.97K
VVV icon
740
Valvoline
VVV
$4.51B
$1.28M 0.01%
34,215
-9,200
-21% -$334K
AN icon
741
AutoNation
AN
$6.92B
$1.28M 0.01%
7,748
-900
-10% -$125K
IDA icon
742
Idacorp
IDA
$8.2B
$1.27M 0.01%
12,420
-400
-3% -$43K
AYI icon
743
Acuity Brands
AYI
$10.8B
$1.27M 0.01%
7,794
-300
-4% -$47.9K
MMS icon
744
Maximus
MMS
$3.1B
$1.27M 0.01%
15,018
-300
-2% -$24.7K
WTS icon
745
Watts Water Technologies
WTS
$13.1B
$1.25M 0.01%
6,795
-100
-1% -$16.7K
SLAB icon
746
Silicon Laboratories
SLAB
$7.23B
$1.25M 0.01%
7,897
-200
-2% -$30.2K
EXLS icon
747
EXL Service
EXLS
$5.29B
$1.24M 0.01%
41,000
-1,000
-2% -$31.5K
ESNT icon
748
Essent Group
ESNT
$6.33B
$1.24M 0.01%
26,433
-800
-3% -$34.8K
VNT icon
749
Vontier
VNT
$4.74B
$1.23M 0.01%
38,315
-1,600
-4% -$46.1K
SSB icon
750
SouthState Bank Corp
SSB
$10.5B
$1.23M 0.01%
18,700
-400
-2% -$26.7K
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
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.