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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
LOPE icon
851
Grand Canyon Education
LOPE
$3.82B
$837K 0.01%
7,159
-400
-5% -$44.4K
PENN icon
852
PENN Entertainment
PENN
$2.53B
$828K 0.01%
36,100
-1,900
-5% -$46K
FYBR
853
DELISTED
Frontier Communications
FYBR
$828K 0.01%
52,900
-2,100
-4% -$34.1K
KD icon
854
Kyndryl
KD
$2.97B
$826K 0.01%
54,734
+4,300
+9% +$63.8K
WEN icon
855
Wendy's
WEN
$1.39B
$826K 0.01%
40,485
-1,000
-2% -$20.9K
CNXC icon
856
Concentrix
CNXC
$1.56B
$824K 0.01%
10,291
-200
-2% -$15.7K
ADNT icon
857
Adient
ADNT
$1.44B
$820K 0.01%
22,356
-1,000
-4% -$39.9K
BRZE icon
858
Braze
BRZE
$3.24B
$820K 0.01%
+17,545
New +$771K
JHG
859
DELISTED
Janus Henderson
JHG
$819K 0.01%
31,713
-900
-3% -$24.6K
VAC icon
860
Marriott Vacations Worldwide
VAC
$3.89B
$816K 0.01%
8,113
-1,000
-11% -$114K
CHH icon
861
Choice Hotels
CHH
$4.62B
$812K 0.01%
6,632
+100
+2% +$12.6K
BKH icon
862
Black Hills Corp
BKH
$5.62B
$809K 0.01%
16,000
-400
-2% -$22.7K
LEG icon
863
Leggett & Platt
LEG
$1.29B
$809K 0.01%
31,848
-900
-3% -$25.3K
KRC icon
864
Kilroy Realty
KRC
$4.32B
$805K 0.01%
25,465
-500
-2% -$17.3K
BCO icon
865
Brink's
BCO
$4.55B
$805K 0.01%
11,077
-400
-3% -$28.8K
NARI
866
DELISTED
Inari Medical, Inc. Common Stock
NARI
$798K 0.01%
12,200
-500
-4% -$31.5K
EVLO
867
DELISTED
Evelo Biosciences, Inc. Common Stock
EVLO
$798K 0.01%
203,536
– –
MZTI
868
The Marzetti Company
MZTI
$3.13B
$797K 0.01%
4,832
– –
PAG icon
869
Penske Automotive Group
PAG
$14.2B
$785K 0.01%
+4,700
New +$786K
GTLB icon
870
GitLab
GTLB
$6.88B
$781K 0.01%
17,276
– –
MPT
871
Medical Properties Trust
MPT
$2.48B
$780K 0.01%
143,100
-4,300
-3% -$34.4K
AVNT icon
872
Avient
AVNT
$4.19B
$771K 0.01%
21,824
+700
+3% +$27.1K
FFIN icon
873
First Financial Bankshares
FFIN
$4.93B
$770K 0.01%
30,663
-1,300
-4% -$37.7K
SBRA icon
874
Sabra Healthcare REIT
SBRA
$5.28B
$770K 0.01%
55,249
-1,700
-3% -$21.8K
BHF icon
875
Brighthouse Financial
BHF
$3.46B
$767K 0.01%
15,668
-800
-5% -$39.7K
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 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.