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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
EQH icon
826
Equitable Holdings
EQH
$14.4B
$980K 0.01%
38,586
– –
CADE
827
DELISTED
Cadence Bank
CADE
$957K 0.01%
46,110
-300
-0.6% -$7.46K
TGNA
828
DELISTED
TEGNA Inc
TGNA
$953K 0.01%
56,371
-400
-0.7% -$7.48K
OZK icon
829
Bank OZK
OZK
$5.63B
$951K 0.01%
27,812
-400
-1% -$16.8K
WEN icon
830
Wendy's
WEN
$1.39B
$938K 0.01%
43,085
-300
-0.7% -$6.59K
BDC icon
831
Belden
BDC
$5.28B
$937K 0.01%
10,798
-100
-0.9% -$8.29K
LITE icon
832
Lumentum
LITE
$63.3B
$936K 0.01%
17,328
– –
SFM icon
833
Sprouts Farmers Market
SFM
$7.96B
$935K 0.01%
26,696
-300
-1% -$9.71K
ZD icon
834
Ziff Davis
ZD
$2B
$932K 0.01%
11,940
-100
-0.8% -$8.2K
ALE
835
DELISTED
Allete
ALE
$930K 0.01%
14,446
-100
-0.7% -$6.25K
SR icon
836
Spire
SR
$4.79B
$928K 0.01%
13,236
-100
-0.7% -$7.09K
SYNH
837
DELISTED
Syneos Health, Inc. Class A Common Stock
SYNH
$927K 0.01%
26,022
-200
-0.8% -$7.26K
XPO icon
838
XPO
XPO
$23.5B
$926K 0.01%
29,042
-300
-1% -$10.8K
MTSI icon
839
MACOM Technology Solutions
MTSI
$22.7B
$921K 0.01%
13,000
– –
FCFS icon
840
FirstCash
FCFS
$9.05B
$907K 0.01%
9,515
– –
IRT icon
841
Independence Realty Trust
IRT
$3.94B
$907K 0.01%
56,600
-400
-0.7% -$7.01K
HGV icon
842
Hilton Grand Vacations
HGV
$3.31B
$893K 0.01%
+20,100
New +$910K
JHG
843
DELISTED
Janus Henderson
JHG
$893K 0.01%
33,513
-200
-0.6% -$5.33K
ENS icon
844
EnerSys
ENS
$6.79B
$892K 0.01%
10,272
-100
-1% -$8.41K
AVNT icon
845
Avient
AVNT
$4.19B
$890K 0.01%
21,624
-100
-0.5% -$3.99K
NSA
846
DELISTED
National Storage Affiliates Trust
NSA
$890K 0.01%
21,301
-200
-0.9% -$8.09K
AM icon
847
Antero Midstream
AM
$10.4B
$888K 0.01%
84,625
-600
-0.7% -$6.38K
KMPR icon
848
Kemper
KMPR
$1.55B
$885K 0.01%
16,196
-100
-0.6% -$5.8K
CABO icon
849
Cable One
CABO
$203M
$884K 0.01%
1,259
– –
LOPE icon
850
Grand Canyon Education
LOPE
$3.82B
$884K 0.01%
7,759
– –
32 33
34
35 36

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.