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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
POWI icon
751
Power Integrations
POWI
$3.46B
$1.22M 0.01%
14,418
-100
-0.7% -$8.3K
POST icon
752
Post Holdings
POST
$3.45B
$1.22M 0.01%
13,547
-300
-2% -$27.3K
DTM icon
753
DT Midstream
DTM
$13.7B
$1.21M 0.01%
24,455
-200
-0.8% -$10.4K
MMS icon
754
Maximus
MMS
$2.9B
$1.21M 0.01%
15,318
-100
-0.6% -$7.7K
QDEL icon
755
QuidelOrtho
QDEL
$943M
$1.21M 0.01%
13,527
-100
-0.7% -$8.7K
MEDP icon
756
Medpace
MEDP
$16.8B
$1.2M 0.01%
6,399
– –
M icon
757
Macy's
M
$6.55B
$1.2M 0.01%
68,470
-500
-0.7% -$10.6K
UBSI icon
758
United Bankshares
UBSI
$6.55B
$1.19M 0.01%
33,913
-400
-1% -$15.7K
GBCI icon
759
Glacier Bancorp
GBCI
$6.35B
$1.18M 0.01%
28,036
-200
-0.7% -$9.15K
SSD icon
760
Simpson Manufacturing
SSD
$8B
$1.18M 0.01%
10,727
-100
-0.9% -$10.5K
PENN icon
761
PENN Entertainment
PENN
$2.53B
$1.16M 0.01%
39,200
-300
-0.8% -$9.3K
AN icon
762
AutoNation
AN
$6.88B
$1.16M 0.01%
8,648
-100
-1% -$12.8K
THG icon
763
Hanover Insurance
THG
$7.86B
$1.16M 0.01%
9,032
– –
WTS icon
764
Watts Water Technologies
WTS
$12.8B
$1.16M 0.01%
6,895
-100
-1% -$16.5K
KRG icon
765
Kite Realty
KRG
$5.29B
$1.16M 0.01%
55,395
-400
-0.7% -$8.42K
RH icon
766
RH
RH
$3.47B
$1.15M 0.01%
4,715
-200
-4% -$58.1K
BRBR icon
767
BellRing Brands
BRBR
$1.32B
$1.15M 0.01%
33,745
-700
-2% -$20.7K
QLYS icon
768
Qualys
QLYS
$6.43B
$1.14M 0.01%
8,776
– –
WLK icon
769
Westlake Corp
WLK
$10.1B
$1.14M 0.01%
9,800
-100
-1% -$11.5K
R icon
770
Ryder
R
$9.98B
$1.14M 0.01%
12,730
-100
-0.8% -$9.2K
SNV
771
DELISTED
Synovus
SNV
$1.13M 0.01%
36,804
-200
-0.5% -$7.62K
SLGN icon
772
Silgan Holdings
SLGN
$4.35B
$1.13M 0.01%
21,100
-200
-0.9% -$10.5K
LULU icon
773
lululemon athletica
LULU
$14.5B
$1.13M 0.01%
3,108
– –
COLB icon
774
Columbia Banking Systems
COLB
$8.84B
$1.13M 0.01%
+52,841
New +$1.47M
FLS icon
775
Flowserve
FLS
$10.1B
$1.12M 0.01%
33,068
-200
-0.6% -$6.7K
29 30
31
32 33

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.