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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
-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
VNT icon
751
Vontier
VNT
$4.63B
$1.14M 0.01%
37,015
-1,300
-3% -$40K
OLLI icon
752
Ollie's Bargain Outlet
OLLI
$4.8B
$1.14M 0.01%
14,803
+600
+4% +$43.8K
SNX icon
753
TD Synnex
SNX
$20.3B
$1.14M 0.01%
11,421
+1,200
+12% +$119K
WTS icon
754
Watts Water Technologies
WTS
$12.8B
$1.14M 0.01%
6,595
-200
-3% -$36.6K
VAL icon
755
Valaris
VAL
$5.94B
$1.14M 0.01%
15,200
+400
+3% +$29.4K
LNTH icon
756
Lantheus
LNTH
$6.59B
$1.14M 0.01%
16,400
-400
-2% -$29.3K
NFG icon
757
National Fuel Gas
NFG
$7.78B
$1.14M 0.01%
21,912
-700
-3% -$36.9K
IDA icon
758
Idacorp
IDA
$8.08B
$1.14M 0.01%
12,120
-300
-2% -$29.6K
SRC
759
DELISTED
SPIRIT REALTY CAPITAL, INC.
SRC
$1.13M 0.01%
33,816
-1,000
-3% -$38.5K
WOLF icon
760
Wolfspeed
WOLF
$1.52B
$1.13M 0.01%
29,722
-900
-3% -$47.1K
MTG icon
761
MGIC Investment
MTG
$6.21B
$1.13M 0.01%
67,517
-3,100
-4% -$52.7K
DLB icon
762
Dolby
DLB
$5.82B
$1.13M 0.01%
+14,200
New +$1.19M
KRG icon
763
Kite Realty
KRG
$5.29B
$1.12M 0.01%
52,395
-1,600
-3% -$36.2K
TMHC
764
DELISTED
Taylor Morrison
TMHC
$1.12M 0.01%
26,195
-700
-3% -$32.9K
MSM icon
765
MSC Industrial Direct
MSM
$6.87B
$1.12M 0.01%
11,365
-300
-3% -$29.6K
EXLS icon
766
EXL Service
EXLS
$5.32B
$1.11M 0.01%
39,600
-1,400
-3% -$41K
WTFC icon
767
Wintrust Financial
WTFC
$10.7B
$1.11M 0.01%
14,663
-400
-3% -$31.5K
AMG icon
768
Affiliated Managers Group
AMG
$9.6B
$1.1M 0.01%
8,419
-500
-6% -$69.9K
AIRC
769
DELISTED
Apartment Income REIT Corp.
AIRC
$1.09M 0.01%
35,650
-1,100
-3% -$37.3K
DELL icon
770
Dell
DELL
$296B
$1.09M 0.01%
15,858
-3,000
-16% -$179K
NVST icon
771
Envista
NVST
$4.53B
$1.09M 0.01%
39,163
-1,200
-3% -$38.9K
MMS icon
772
Maximus
MMS
$2.9B
$1.08M 0.01%
14,518
-500
-3% -$40.7K
HAE icon
773
Haemonetics
HAE
$3.94B
$1.08M 0.01%
12,074
-400
-3% -$35.7K
TDC icon
774
Teradata
TDC
$2.58B
$1.07M 0.01%
23,842
-1,100
-4% -$53.8K
WLK icon
775
Westlake Corp
WLK
$10.1B
$1.07M 0.01%
8,600
-1,000
-10% -$128K
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 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.