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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
KRG icon
751
Kite Realty
KRG
$5.36B
$1.21M 0.01%
53,995
-1,400
-3% -$28.9K
FLS icon
752
Flowserve
FLS
$10.2B
$1.2M 0.01%
32,268
-800
-2% -$27.7K
BRBR icon
753
BellRing Brands
BRBR
$1.34B
$1.2M 0.01%
32,745
-1,000
-3% -$35.9K
HRB icon
754
H&R Block
HRB
$5.86B
$1.19M 0.01%
37,468
-1,000
-3% -$32.3K
DTM icon
755
DT Midstream
DTM
$13.4B
$1.18M 0.01%
23,855
-600
-2% -$28.7K
FLO icon
756
Flowers Foods
FLO
$1.57B
$1.18M 0.01%
47,442
-1,100
-2% -$29.1K
GMED icon
757
Globus Medical
GMED
$11.2B
$1.17M 0.01%
19,661
– –
HALO icon
758
Halozyme
HALO
$12.2B
$1.17M 0.01%
32,438
-1,700
-5% -$58K
EXPO icon
759
Exponent
EXPO
$3.24B
$1.17M 0.01%
12,500
-200
-2% -$18.8K
WWE
760
DELISTED
World Wrestling Entertainment
WWE
$1.16M 0.01%
10,710
-200
-2% -$20.7K
NFG icon
761
National Fuel Gas
NFG
$7.65B
$1.16M 0.01%
22,612
-600
-3% -$31.9K
NEOG icon
762
Neogen
NEOG
$2.5B
$1.16M 0.01%
53,253
-1,400
-3% -$25.3K
WLK icon
763
Westlake Corp
WLK
$9.9B
$1.15M 0.01%
9,600
-200
-2% -$22.9K
RYN icon
764
Rayonier
RYN
$6.55B
$1.15M 0.01%
40,224
-771
-2% -$21.5K
AAP icon
765
Advance Auto Parts
AAP
$3.49B
$1.14M 0.01%
16,231
– –
POST icon
766
Post Holdings
POST
$3.57B
$1.14M 0.01%
13,147
-400
-3% -$35.1K
HOG icon
767
Harley-Davidson
HOG
$2.71B
$1.14M 0.01%
32,261
-1,300
-4% -$45.4K
KEX icon
768
Kirby Corp
KEX
$6.93B
$1.14M 0.01%
14,759
-400
-3% -$28.8K
AVT icon
769
Avnet
AVT
$7.92B
$1.14M 0.01%
22,505
-600
-3% -$26.4K
PRGO icon
770
Perrigo
PRGO
$1.78B
$1.13M 0.01%
33,358
-700
-2% -$24.3K
NJR icon
771
New Jersey Resources
NJR
$5.58B
$1.13M 0.01%
23,885
-600
-2% -$30.2K
FOXF icon
772
Fox Factory Holding Corp
FOXF
$886M
$1.13M 0.01%
10,389
-300
-3% -$30.7K
GATX icon
773
GATX Corp
GATX
$6.27B
$1.12M 0.01%
8,712
-200
-2% -$23.4K
VAC icon
774
Marriott Vacations Worldwide
VAC
$4.25B
$1.12M 0.01%
9,113
-600
-6% -$77.6K
MTG icon
775
MGIC Investment
MTG
$6.25B
$1.12M 0.01%
70,617
-3,500
-5% -$51.9K
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
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.