We are live on ! Find out more
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
ADC icon
726
Agree Realty
ADC
$9.22B
$1.27M 0.01%
23,000
– –
FLR icon
727
Fluor
FLR
$7.3B
$1.26M 0.01%
34,297
-1,000
-3% -$33.5K
FLS icon
728
Flowserve
FLS
$10.1B
$1.25M 0.01%
31,368
-900
-3% -$34.8K
AA icon
729
Alcoa
AA
$13.6B
$1.24M 0.01%
42,675
-5,000
-10% -$157K
NOVT icon
730
Novanta
NOVT
$6.2B
$1.23M 0.01%
8,600
-200
-2% -$32.6K
PNFP icon
731
Pinnacle Financial Partners Inc
PNFP
$15.8B
$1.23M 0.01%
18,327
-600
-3% -$40.5K
SSB icon
732
SouthState Bank Corp
SSB
$10.5B
$1.23M 0.01%
18,200
-500
-3% -$36K
DTM icon
733
DT Midstream
DTM
$13.7B
$1.23M 0.01%
23,155
-700
-3% -$36.5K
PB icon
734
Prosperity Bancshares
PB
$8.81B
$1.22M 0.01%
22,397
-800
-3% -$46.4K
OGN icon
735
Organon & Co
OGN
$3.58B
$1.21M 0.01%
69,864
– –
THO icon
736
Thor Industries
THO
$4.14B
$1.21M 0.01%
12,718
-500
-4% -$52.2K
ESNT icon
737
Essent Group
ESNT
$6.23B
$1.21M 0.01%
25,533
-900
-3% -$44.6K
HALO icon
738
Halozyme
HALO
$12.2B
$1.2M 0.01%
31,538
-900
-3% -$36.9K
VMI icon
739
Valmont Industries
VMI
$9.5B
$1.2M 0.01%
4,988
-200
-4% -$51.4K
GTM
740
ZoomInfo Technologies
GTM
$1.23B
$1.2M 0.01%
72,900
+6,500
+10% +$133K
NVTA
741
DELISTED
Invitae Corporation
NVTA
$1.19M 0.01%
1,959,939
– –
KEX icon
742
Kirby Corp
KEX
$7B
$1.18M 0.01%
14,259
-500
-3% -$40.4K
WU icon
743
Western Union
WU
$2.19B
$1.18M 0.01%
89,566
-2,700
-3% -$33.1K
DXC icon
744
DXC Technology
DXC
$1.74B
$1.17M 0.01%
56,228
-6,300
-10% -$145K
R icon
745
Ryder
R
$9.98B
$1.17M 0.01%
10,930
-500
-4% -$48.7K
UGI icon
746
UGI
UGI
$7.29B
$1.15M 0.01%
50,058
-19,142
-28% -$475K
TKR icon
747
Timken Company
TKR
$8.77B
$1.15M 0.01%
15,623
-600
-4% -$48.7K
PVH icon
748
PVH
PVH
$4.02B
$1.15M 0.01%
15,000
-500
-3% -$41.4K
NXST icon
749
Nexstar Media Group
NXST
$5.91B
$1.15M 0.01%
8,000
-800
-9% -$130K
EVR icon
750
Evercore
EVR
$11.5B
$1.15M 0.01%
8,305
-400
-5% -$54.3K
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 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.