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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
IPGP icon
801
IPG Photonics
IPGP
$3.84B
$1.05M 0.01%
7,700
-400
-5% -$47.1K
OGS icon
802
ONE Gas
OGS
$5.04B
$1.04M 0.01%
13,604
-100
-0.7% -$7.99K
FLR icon
803
Fluor
FLR
$7.96B
$1.04M 0.01%
35,297
-600
-2% -$17.2K
PCH
804
DELISTED
PotlatchDeltic
PCH
$1.04M 0.01%
19,731
-700
-3% -$33.7K
COLB icon
805
Columbia Banking Systems
COLB
$8.84B
$1.04M 0.01%
51,341
-1,500
-3% -$31.7K
ORA icon
806
Ormat Technologies
ORA
$6.65B
$1.04M 0.01%
12,900
-300
-2% -$25.4K
ASH icon
807
Ashland
ASH
$3.5B
$1.04M 0.01%
11,939
-700
-6% -$64.7K
SWX icon
808
Southwest Gas
SWX
$6.67B
$1.03M 0.01%
16,129
-300
-2% -$17.7K
FYBR
809
DELISTED
Frontier Communications
FYBR
$1.03M 0.01%
55,000
-1,300
-2% -$24.4K
KBH icon
810
KB Home
KBH
$3.59B
$1.02M 0.01%
19,738
-900
-4% -$40.6K
DELL icon
811
Dell
DELL
$293B
$1.02M 0.01%
18,858
-1,900
-9% -$87.4K
ETRN
812
DELISTED
Equitrans Midstream Corporation Common Stock
ETRN
$1.02M 0.01%
106,702
-2,600
-2% -$17.5K
FNB icon
813
FNB Corp
FNB
$6.75B
$1.02M 0.01%
88,951
-2,100
-2% -$23.7K
IRT icon
814
Independence Realty Trust
IRT
$4.07B
$1.01M 0.01%
55,300
-1,300
-2% -$22.2K
VC icon
815
Visteon
VC
$2.78B
$1.01M 0.01%
7,007
-100
-1% -$14.3K
ONB icon
816
Old National Bancorp
ONB
$10.2B
$1M 0.01%
72,042
-2,000
-3% -$26.6K
BDC icon
817
Belden
BDC
$5.19B
$1M 0.01%
10,498
-300
-3% -$25.7K
TEX icon
818
Terex
TEX
$7.74B
$1M 0.01%
16,718
-300
-2% -$14.9K
THG icon
819
Hanover Insurance
THG
$7.98B
$998K 0.01%
8,832
-200
-2% -$23.7K
DOCS icon
820
Doximity
DOCS
$4.88B
$993K 0.01%
+29,200
New +$972K
MAN icon
821
ManpowerGroup
MAN
$2.63B
$990K 0.01%
12,463
-300
-2% -$22.6K
BKH icon
822
Black Hills Corp
BKH
$5.69B
$988K 0.01%
16,400
– –
UBSI icon
823
United Bankshares
UBSI
$6.62B
$982K 0.01%
33,113
-800
-2% -$25.2K
HE icon
824
Hawaiian Electric Industries
HE
$2.14B
$976K 0.01%
26,948
-700
-3% -$26.4K
SLM icon
825
SLM Corp
SLM
$5.15B
$974K 0.01%
59,699
-1,100
-2% -$16.7K
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
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.