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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
IART icon
801
Integra LifeSciences
IART
$1.33B
$1.06M 0.01%
18,390
-100
-0.5% -$5.63K
MAN icon
802
ManpowerGroup
MAN
$2.63B
$1.05M 0.01%
12,763
-100
-0.8% -$8.52K
TMHC
803
DELISTED
Taylor Morrison
TMHC
$1.05M 0.01%
27,395
-200
-0.7% -$7.03K
FFIN icon
804
First Financial Bankshares
FFIN
$4.93B
$1.05M 0.01%
32,763
-300
-0.9% -$10.4K
AVT icon
805
Avnet
AVT
$7.99B
$1.04M 0.01%
23,105
-200
-0.9% -$8.91K
EFOR
806
Everforth Inc
EFOR
$1.33B
$1.04M 0.01%
12,621
-100
-0.8% -$8.67K
EVR icon
807
Evercore
EVR
$11.5B
$1.04M 0.01%
9,005
-100
-1% -$12.4K
HOMB icon
808
Home BancShares
HOMB
$6.17B
$1.04M 0.01%
47,830
-500
-1% -$11.5K
TDC icon
809
Teradata
TDC
$2.58B
$1.04M 0.01%
25,742
-200
-0.8% -$7.43K
BKH icon
810
Black Hills Corp
BKH
$5.62B
$1.03M 0.01%
16,400
-200
-1% -$13.2K
SNX icon
811
TD Synnex
SNX
$20.3B
$1.03M 0.01%
10,621
-100
-0.9% -$9.93K
SWX icon
812
Southwest Gas
SWX
$6.56B
$1.03M 0.01%
16,429
+700
+4% +$44.6K
MZTI
813
The Marzetti Company
MZTI
$3.13B
$1.02M 0.01%
5,032
– –
SRCL
814
DELISTED
Stericycle Inc
SRCL
$1.02M 0.01%
23,319
-100
-0.4% -$4.95K
NEOG icon
815
Neogen
NEOG
$2.49B
$1.01M 0.01%
54,653
-400
-0.7% -$7.52K
PCH
816
DELISTED
PotlatchDeltic
PCH
$1.01M 0.01%
20,431
-100
-0.5% -$4.69K
MSM icon
817
MSC Industrial Direct
MSM
$6.87B
$1.01M 0.01%
11,965
-100
-0.8% -$8.29K
IPGP icon
818
IPG Photonics
IPGP
$3.61B
$999K 0.01%
8,100
-100
-1% -$11.6K
WWE
819
DELISTED
World Wrestling Entertainment
WWE
$996K 0.01%
10,910
-100
-0.9% -$8.55K
MTG icon
820
MGIC Investment
MTG
$6.21B
$995K 0.01%
74,117
-1,500
-2% -$20.2K
VAL icon
821
Valaris
VAL
$5.94B
$989K 0.01%
+15,200
New +$1.06M
ADNT icon
822
Adient
ADNT
$1.44B
$985K 0.01%
24,056
-100
-0.4% -$4.17K
LPX icon
823
Louisiana-Pacific
LPX
$5.2B
$984K 0.01%
18,158
-100
-0.5% -$6.12K
VLY icon
824
Valley National Bancorp
VLY
$8.1B
$981K 0.01%
106,181
-800
-0.7% -$8.85K
GATX icon
825
GATX Corp
GATX
$6.23B
$980K 0.01%
8,912
– –
31 32
33
34 35

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.