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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
MZTI
826
The Marzetti Company
MZTI
$3.11B
$972K 0.01%
4,832
-200
-4% -$40.6K
LEG icon
827
Leggett & Platt
LEG
$1.31B
$970K 0.01%
32,748
-800
-2% -$25.2K
R icon
828
Ryder
R
$10.1B
$969K 0.01%
11,430
-1,300
-10% -$107K
SLGN icon
829
Silgan Holdings
SLGN
$4.41B
$966K 0.01%
20,600
-500
-2% -$24.3K
SNX icon
830
TD Synnex
SNX
$20.2B
$961K 0.01%
10,221
-400
-4% -$36.7K
LITE icon
831
Lumentum
LITE
$69.3B
$960K 0.01%
16,928
-400
-2% -$20K
AM icon
832
Antero Midstream
AM
$10.1B
$960K 0.01%
82,725
-1,900
-2% -$20.2K
TXNM
833
TXNM Energy Inc
TXNM
$5.94B
$956K 0.01%
21,189
-500
-2% -$23.5K
GT icon
834
Goodyear
GT
$1.85B
$955K 0.01%
69,826
-1,600
-2% -$20K
RUN icon
835
Sunrun
RUN
$2.46B
$949K 0.01%
53,147
-700
-1% -$13K
ARWR icon
836
Arrowhead Research
ARWR
$12.4B
$940K 0.01%
26,370
-1,000
-4% -$34.5K
SFM icon
837
Sprouts Farmers Market
SFM
$8.01B
$933K 0.01%
25,396
-1,300
-5% -$45.4K
VAL icon
838
Valaris
VAL
$5.47B
$931K 0.01%
14,800
-400
-3% -$24.1K
CBT icon
839
Cabot Corp
CBT
$4.52B
$927K 0.01%
13,865
-400
-3% -$28.5K
VSH icon
840
Vishay Intertechnology
VSH
$5.43B
$923K 0.01%
31,388
-1,300
-4% -$31.8K
EFOR
841
Everforth Inc
EFOR
$1.32B
$917K 0.01%
12,121
-500
-4% -$35.9K
PENN icon
842
PENN Entertainment
PENN
$2.71B
$913K 0.01%
38,000
-1,200
-3% -$32K
FFIN icon
843
First Financial Bankshares
FFIN
$4.97B
$911K 0.01%
31,963
-800
-2% -$22.7K
WEN icon
844
Wendy's
WEN
$1.46B
$902K 0.01%
41,485
-1,600
-4% -$35.6K
TGNA
845
DELISTED
TEGNA Inc
TGNA
$901K 0.01%
55,471
-900
-2% -$14.7K
NWL icon
846
Newell Brands
NWL
$2.56B
$899K 0.01%
103,356
-28,864
-22% -$287K
PTON icon
847
Peloton Interactive
PTON
$2.49B
$896K 0.01%
116,477
– –
ADNT icon
848
Adient
ADNT
$1.5B
$895K 0.01%
23,356
-700
-3% -$25.9K
JHG
849
DELISTED
Janus Henderson
JHG
$889K 0.01%
32,613
-900
-3% -$24K
ICUI icon
850
ICU Medical
ICUI
$4.61B
$884K 0.01%
4,961
-100
-2% -$18.3K
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
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.