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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
POR icon
801
Portland General Electric
POR
$5.66B
$980K 0.01%
24,200
+400
+2% +$18.1K
AN icon
802
AutoNation
AN
$6.88B
$976K 0.01%
6,448
-1,300
-17% -$207K
AM icon
803
Antero Midstream
AM
$10.4B
$975K 0.01%
81,425
-1,300
-2% -$15.4K
BDC icon
804
Belden
BDC
$5.28B
$975K 0.01%
10,098
-400
-4% -$37.4K
ETRN
805
DELISTED
Equitrans Midstream Corporation Common Stock
ETRN
$971K 0.01%
103,602
-3,100
-3% -$29.6K
SNV
806
DELISTED
Synovus
SNV
$970K 0.01%
34,904
-1,100
-3% -$34.4K
CRUS icon
807
Cirrus Logic
CRUS
$6.11B
$965K 0.01%
13,041
-600
-4% -$46.9K
MDU icon
808
MDU Resources
MDU
$4.29B
$954K 0.01%
87,940
-2,527
-3% -$29.1K
ESAB icon
809
ESAB
ESAB
$5.32B
$948K 0.01%
13,502
+700
+5% +$48.7K
THG icon
810
Hanover Insurance
THG
$7.86B
$947K 0.01%
8,532
-300
-3% -$33K
NJR icon
811
New Jersey Resources
NJR
$5.45B
$946K 0.01%
23,285
-600
-3% -$26.3K
HOMB icon
812
Home BancShares
HOMB
$6.17B
$943K 0.01%
45,030
-1,400
-3% -$31.9K
EFOR
813
Everforth Inc
EFOR
$1.33B
$941K 0.01%
11,521
-600
-5% -$47.8K
COTY icon
814
Coty
COTY
$2.51B
$939K 0.01%
85,598
-4,700
-5% -$55.4K
OZK icon
815
Bank OZK
OZK
$5.63B
$931K 0.01%
25,112
-1,400
-5% -$56.7K
MASI
816
DELISTED
Masimo
MASI
$929K 0.01%
10,596
-1,400
-12% -$163K
TEX icon
817
Terex
TEX
$7.58B
$929K 0.01%
16,118
-600
-4% -$35.8K
RYN icon
818
Rayonier
RYN
$6.52B
$928K 0.01%
35,925
-4,299
-11% -$120K
PR
819
Permian Resources
PR
$17.8B
$927K 0.01%
+66,400
New +$835K
GATX icon
820
GATX Corp
GATX
$6.23B
$926K 0.01%
8,512
-200
-2% -$24.1K
VC icon
821
Visteon
VC
$2.8B
$926K 0.01%
6,707
-300
-4% -$43.2K
CBT icon
822
Cabot Corp
CBT
$4.46B
$926K 0.01%
13,365
-500
-4% -$34.8K
CADE
823
DELISTED
Cadence Bank
CADE
$925K 0.01%
43,610
-1,400
-3% -$31.6K
FNB icon
824
FNB Corp
FNB
$6.75B
$925K 0.01%
85,751
-3,200
-4% -$37.7K
ENS icon
825
EnerSys
ENS
$6.79B
$925K 0.01%
9,772
-300
-3% -$30.8K
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 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.