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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
LNC icon
776
Lincoln National
LNC
$8.75B
$1.12M 0.01%
50,001
+500
+1% +$14.9K
CC icon
777
Chemours
CC
$2.2B
$1.12M 0.01%
37,479
-900
-2% -$29.6K
WTFC icon
778
Wintrust Financial
WTFC
$10.7B
$1.12M 0.01%
15,363
-100
-0.6% -$8.55K
ORA icon
779
Ormat Technologies
ORA
$6.87B
$1.12M 0.01%
13,200
+800
+6% +$70.2K
COTY icon
780
Coty
COTY
$2.51B
$1.12M 0.01%
92,598
-500
-0.5% -$5.29K
VC icon
781
Visteon
VC
$2.8B
$1.11M 0.01%
7,107
-100
-1% -$15.5K
GMED icon
782
Globus Medical
GMED
$11.7B
$1.11M 0.01%
19,661
– –
FLR icon
783
Fluor
FLR
$7.3B
$1.11M 0.01%
35,897
-300
-0.8% -$10.3K
POR icon
784
Portland General Electric
POR
$5.66B
$1.1M 0.01%
22,600
-100
-0.4% -$4.78K
SYNA icon
785
Synaptics
SYNA
$4.09B
$1.1M 0.01%
9,933
-200
-2% -$23.1K
CBT icon
786
Cabot Corp
CBT
$4.46B
$1.09M 0.01%
14,265
-100
-0.7% -$7.5K
VNT icon
787
Vontier
VNT
$4.63B
$1.09M 0.01%
39,915
-300
-0.7% -$7.25K
ESNT icon
788
Essent Group
ESNT
$6.23B
$1.09M 0.01%
27,233
-200
-0.7% -$8.23K
NSP icon
789
Insperity
NSP
$1.96B
$1.09M 0.01%
8,950
-100
-1% -$11.7K
OGS icon
790
ONE Gas
OGS
$4.96B
$1.09M 0.01%
13,704
-100
-0.7% -$7.93K
RUN icon
791
Sunrun
RUN
$2.38B
$1.09M 0.01%
53,847
-400
-0.7% -$9.33K
THO icon
792
Thor Industries
THO
$4.14B
$1.08M 0.01%
13,518
-100
-0.7% -$8.82K
LEG icon
793
Leggett & Platt
LEG
$1.29B
$1.07M 0.01%
33,548
-200
-0.6% -$6.73K
ONB icon
794
Old National Bancorp
ONB
$10.1B
$1.07M 0.01%
74,042
-500
-0.7% -$8.46K
PNFP icon
795
Pinnacle Financial Partners Inc
PNFP
$15.8B
$1.07M 0.01%
19,327
-100
-0.5% -$7.02K
HE icon
796
Hawaiian Electric Industries
HE
$2.02B
$1.06M 0.01%
27,648
-200
-0.7% -$8.11K
HAE icon
797
Haemonetics
HAE
$3.94B
$1.06M 0.01%
12,774
-100
-0.8% -$8.1K
KEX icon
798
Kirby Corp
KEX
$7B
$1.06M 0.01%
15,159
-100
-0.7% -$6.89K
FNB icon
799
FNB Corp
FNB
$6.75B
$1.06M 0.01%
91,051
+1,700
+2% +$22.7K
TXNM
800
TXNM Energy Inc
TXNM
$5.91B
$1.06M 0.01%
21,689
-200
-0.9% -$9.81K
30 31
32
33 34

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.