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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
VVV icon
776
Valvoline
VVV
$4.3B
$1.07M 0.01%
33,115
-1,100
-3% -$38.7K
GME icon
777
GameStop
GME
$8.43B
$1.06M 0.01%
64,100
+1,800
+3% +$35.8K
MTSI icon
778
MACOM Technology Solutions
MTSI
$22.7B
$1.05M 0.01%
12,900
+200
+2% +$14.8K
AVT icon
779
Avnet
AVT
$7.99B
$1.05M 0.01%
21,805
-700
-3% -$33.8K
POWI icon
780
Power Integrations
POWI
$3.46B
$1.05M 0.01%
13,718
-400
-3% -$34.2K
EXPO icon
781
Exponent
EXPO
$3.28B
$1.04M 0.01%
12,200
-300
-2% -$27.1K
SFM icon
782
Sprouts Farmers Market
SFM
$7.96B
$1.04M 0.01%
24,396
-1,000
-4% -$39.2K
POST icon
783
Post Holdings
POST
$3.45B
$1.04M 0.01%
12,147
-1,000
-8% -$87.3K
MTZ icon
784
MasTec
MTZ
$21.5B
$1.04M 0.01%
14,439
-500
-3% -$49.8K
CR icon
785
Crane Co
CR
$12.7B
$1.04M 0.01%
11,672
-200
-2% -$17.8K
BYD icon
786
Boyd Gaming
BYD
$5.92B
$1.04M 0.01%
17,024
-1,900
-10% -$127K
PRGO icon
787
Perrigo
PRGO
$1.75B
$1.03M 0.01%
32,358
-1,000
-3% -$35.2K
HOG icon
788
Harley-Davidson
HOG
$2.72B
$1.02M 0.01%
30,861
-1,400
-4% -$48.7K
FLO icon
789
Flowers Foods
FLO
$1.51B
$1.02M 0.01%
45,942
-1,500
-3% -$35.9K
ONB icon
790
Old National Bancorp
ONB
$10.1B
$1.02M 0.01%
69,942
-2,100
-3% -$32.5K
COHR icon
791
Coherent
COHR
$63.6B
$1.02M 0.01%
31,106
-3,200
-9% -$131K
COLB icon
792
Columbia Banking Systems
COLB
$8.84B
$1.01M 0.01%
49,841
-1,500
-3% -$31.3K
YETI icon
793
Yeti Holdings
YETI
$3.99B
$1M 0.01%
20,747
-600
-3% -$26.7K
ASH icon
794
Ashland
ASH
$3.45B
$1,000K 0.01%
12,239
+300
+3% +$26K
FOXF icon
795
Fox Factory Holding Corp
FOXF
$882M
$1,000K 0.01%
10,089
-300
-3% -$32.1K
PLNT icon
796
Planet Fitness
PLNT
$3.7B
$993K 0.01%
20,200
-364,300
-95% -$22M
CC icon
797
Chemours
CC
$2.2B
$992K 0.01%
35,379
-1,400
-4% -$48.1K
SRCL
798
DELISTED
Stericycle Inc
SRCL
$989K 0.01%
22,119
-700
-3% -$31.3K
PATH icon
799
UiPath
PATH
$8.08B
$985K 0.01%
57,591
-122,213
-68% -$2.04M
RH icon
800
RH
RH
$3.47B
$982K 0.01%
3,715
-700
-16% -$243K
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 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.