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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
TXNM
826
TXNM Energy Inc
TXNM
$5.91B
$914K 0.01%
20,489
-700
-3% -$31.3K
OGS icon
827
ONE Gas
OGS
$4.96B
$908K 0.01%
13,304
-300
-2% -$22.7K
TKO icon
828
TKO Group
TKO
$13.8B
$900K 0.01%
+10,710
New +$994K
EEFT icon
829
Euronet Worldwide
EEFT
$2.65B
$898K 0.01%
11,317
-300
-3% -$27.9K
ORA icon
830
Ormat Technologies
ORA
$6.87B
$895K 0.01%
12,800
-100
-0.8% -$7.75K
SAM icon
831
Boston Beer
SAM
$1.86B
$889K 0.01%
2,283
– –
UBSI icon
832
United Bankshares
UBSI
$6.58B
$889K 0.01%
32,213
-900
-3% -$27.1K
FCFS icon
833
FirstCash
FCFS
$9.05B
$885K 0.01%
8,815
-300
-3% -$28.3K
SLAB icon
834
Silicon Laboratories
SLAB
$7.2B
$880K 0.01%
7,597
-300
-4% -$41.4K
VLY icon
835
Valley National Bancorp
VLY
$8.1B
$873K 0.01%
101,981
-1,900
-2% -$17.2K
NEOG icon
836
Neogen
NEOG
$2.49B
$872K 0.01%
47,053
-6,200
-12% -$135K
CNX icon
837
CNX Resources
CNX
$5.32B
$872K 0.01%
38,602
-2,200
-5% -$45.6K
MAN icon
838
ManpowerGroup
MAN
$2.63B
$870K 0.01%
11,863
-600
-5% -$46.7K
VNO icon
839
Vornado Realty Trust
VNO
$7.26B
$869K 0.01%
38,300
-1,400
-4% -$30.9K
PCH
840
DELISTED
PotlatchDeltic
PCH
$868K 0.01%
19,131
-600
-3% -$29.6K
SWX icon
841
Southwest Gas
SWX
$6.56B
$866K 0.01%
14,329
-1,800
-11% -$115K
QDEL icon
842
QuidelOrtho
QDEL
$938M
$864K 0.01%
11,827
-1,500
-11% -$120K
VYX icon
843
NCR Voyix
VYX
$1.09B
$863K 0.01%
52,173
-4,238
-8% -$72.1K
SLGN icon
844
Silgan Holdings
SLGN
$4.35B
$862K 0.01%
20,000
-600
-3% -$26.9K
KBH icon
845
KB Home
KBH
$3.47B
$858K 0.01%
18,538
-1,200
-6% -$61K
CAR icon
846
Avis
CAR
$4.9B
$858K 0.01%
4,773
-1,100
-19% -$238K
LPX icon
847
Louisiana-Pacific
LPX
$5.2B
$849K 0.01%
15,358
-2,400
-14% -$158K
NSP icon
848
Insperity
NSP
$1.96B
$844K 0.01%
8,650
-200
-2% -$20.9K
SYNA icon
849
Synaptics
SYNA
$4.09B
$844K 0.01%
9,433
-300
-3% -$26.3K
GT icon
850
Goodyear
GT
$1.74B
$842K 0.01%
67,726
-2,100
-3% -$28.5K
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 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.