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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
CADE
851
DELISTED
Cadence Bank
CADE
$884K 0.01%
45,010
-1,100
-2% -$21.7K
GTLB icon
852
GitLab
GTLB
$6.58B
$883K 0.01%
+17,276
New +$642K
VYX icon
853
NCR Voyix
VYX
$1.14B
$872K 0.01%
56,411
-489
-0.9% -$7.05K
EPR icon
854
EPR Properties
EPR
$4.77B
$870K 0.01%
18,589
-400
-2% -$16.9K
AVNT icon
855
Avient
AVNT
$4.19B
$864K 0.01%
21,124
-500
-2% -$19.6K
HGV icon
856
Hilton Grand Vacations
HGV
$3.55B
$859K 0.01%
18,900
-1,200
-6% -$53.6K
GBCI icon
857
Glacier Bancorp
GBCI
$6.35B
$852K 0.01%
27,336
-700
-2% -$23.1K
ESAB icon
858
ESAB
ESAB
$5.71B
$852K 0.01%
12,802
-300
-2% -$18.2K
CUZ icon
859
Cousins Properties
CUZ
$4.88B
$851K 0.01%
37,344
-900
-2% -$18.8K
FCFS icon
860
FirstCash
FCFS
$8.78B
$851K 0.01%
9,115
-400
-4% -$39.1K
CNXC icon
861
Concentrix
CNXC
$1.57B
$847K 0.01%
10,491
-300
-3% -$28.1K
NWE icon
862
NorthWestern Energy
NWE
$4.43B
$836K 0.01%
14,728
+100
+0.7% +$5.85K
PSNL icon
863
Personalis
PSNL
$1.51B
$834K 0.01%
443,798
– –
MTSI icon
864
MACOM Technology Solutions
MTSI
$23.7B
$832K 0.01%
12,700
-300
-2% -$18.2K
SYNA icon
865
Synaptics
SYNA
$4.15B
$831K 0.01%
9,733
-200
-2% -$17.4K
YETI icon
866
Yeti Holdings
YETI
$3.95B
$829K 0.01%
21,347
-400
-2% -$15.5K
OLLI icon
867
Ollie's Bargain Outlet
OLLI
$4.94B
$823K 0.01%
14,203
-400
-3% -$24.6K
DOC
868
DELISTED
PHYSICIANS REALTY TRUST
DOC
$821K 0.01%
58,720
+1,000
+2% +$14.2K
SR icon
869
Spire
SR
$4.85B
$821K 0.01%
12,936
-300
-2% -$20.1K
ALE
870
DELISTED
Allete
ALE
$820K 0.01%
14,146
-300
-2% -$18.5K
OMCL icon
871
Omnicell
OMCL
$1.68B
$818K 0.01%
11,100
-200
-2% -$13.5K
ZD icon
872
Ziff Davis
ZD
$1.98B
$815K 0.01%
11,640
-300
-3% -$20.5K
HWC icon
873
Hancock Whitney
HWC
$6.24B
$815K 0.01%
21,240
-400
-2% -$14.9K
VLY icon
874
Valley National Bancorp
VLY
$8.04B
$805K 0.01%
103,881
-2,300
-2% -$18.3K
ENV
875
DELISTED
ENVESTNET, INC.
ENV
$794K ﹤0.01%
13,371
-600
-4% -$34.8K
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
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.