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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
YETI icon
851
Yeti Holdings
YETI
$3.99B
$870K 0.01%
21,747
-200
-0.9% -$8.25K
KRC icon
852
Kilroy Realty
KRC
$4.32B
$864K 0.01%
26,665
-100
-0.4% -$3.65K
DOC
853
DELISTED
PHYSICIANS REALTY TRUST
DOC
$862K 0.01%
57,720
-400
-0.7% -$6.03K
FHI icon
854
Federated Hermes
FHI
$4.71B
$858K 0.01%
21,376
-100
-0.5% -$3.92K
FERG icon
855
Ferguson
FERG
$51.2B
$856K 0.01%
6,400
– –
TPL icon
856
Texas Pacific Land
TPL
$24.2B
$851K 0.01%
4,500
– –
NWE icon
857
NorthWestern Energy
NWE
$4.38B
$846K 0.01%
14,628
-100
-0.7% -$5.71K
OLLI icon
858
Ollie's Bargain Outlet
OLLI
$4.8B
$846K 0.01%
14,603
-200
-1% -$11K
DISH
859
DELISTED
DISH Network Corp.
DISH
$835K 0.01%
89,513
+700
+0.8% +$8.82K
ICUI icon
860
ICU Medical
ICUI
$4.56B
$835K 0.01%
5,061
-100
-2% -$17.2K
DELL icon
861
Dell
DELL
$296B
$835K 0.01%
20,758
– –
KBH icon
862
KB Home
KBH
$3.47B
$829K 0.01%
20,638
-500
-2% -$18.2K
CHH icon
863
Choice Hotels
CHH
$4.62B
$824K 0.01%
7,032
– –
VYX icon
864
NCR Voyix
VYX
$1.09B
$823K 0.01%
56,900
-163
-0.3% -$2.5K
TEX icon
865
Terex
TEX
$7.58B
$823K 0.01%
17,018
-200
-1% -$10.2K
ENV
866
DELISTED
ENVESTNET, INC.
ENV
$820K 0.01%
13,971
-100
-0.7% -$6.21K
CUZ icon
867
Cousins Properties
CUZ
$4.83B
$818K 0.01%
38,244
-300
-0.8% -$7.3K
SXT icon
868
Sensient Technologies
SXT
$5.51B
$817K 0.01%
10,668
– –
COLM icon
869
Columbia Sportswear
COLM
$2.92B
$810K 0.01%
8,974
– –
TNL icon
870
Travel + Leisure Co
TNL
$4.5B
$804K 0.01%
20,507
-200
-1% -$8.08K
FL
871
DELISTED
Foot Locker
FL
$796K 0.01%
20,067
-100
-0.5% -$4.18K
ALGM icon
872
Allegro MicroSystems
ALGM
$7.91B
$792K 0.01%
16,500
-100
-0.6% -$4.07K
HWC icon
873
Hancock Whitney
HWC
$6.23B
$788K 0.01%
21,640
-200
-0.9% -$9.33K
GT icon
874
Goodyear
GT
$1.74B
$787K 0.01%
71,426
-600
-0.8% -$6.66K
BCO icon
875
Brink's
BCO
$4.55B
$787K 0.01%
11,777
– –
33 34
35
36 37

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.