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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
SAM icon
876
Boston Beer
SAM
$1.86B
$783K 0.01%
2,383
– –
BLKB icon
877
Blackbaud
BLKB
$2.09B
$779K 0.01%
11,248
-100
-0.9% -$5.99K
STAA icon
878
STAAR Surgical
STAA
$1.25B
$779K 0.01%
12,184
-100
-0.8% -$6.53K
AZTA icon
879
Azenta
AZTA
$1.54B
$777K 0.01%
17,417
-1,700
-9% -$84.2K
ESAB icon
880
ESAB
ESAB
$5.32B
$774K 0.01%
13,102
-100
-0.8% -$5.73K
CALX icon
881
Calix
CALX
$2.4B
$773K 0.01%
14,418
-100
-0.7% -$5.45K
ACIW icon
882
ACI Worldwide
ACIW
$5.34B
$765K 0.01%
28,343
-300
-1% -$7.94K
KD icon
883
Kyndryl
KD
$2.97B
$764K 0.01%
51,734
+3,300
+7% +$46.8K
BHF icon
884
Brighthouse Financial
BHF
$3.46B
$762K 0.01%
17,268
-300
-2% -$15.8K
VMW
885
DELISTED
VMware, Inc
VMW
$762K 0.01%
6,100
– –
CALY
886
Callaway Golf Company
CALY
$3.04B
$758K 0.01%
35,048
-200
-0.6% -$4.53K
SLM icon
887
SLM Corp
SLM
$5.14B
$753K 0.01%
60,799
-2,900
-5% -$42.8K
NARI
888
DELISTED
Inari Medical, Inc. Common Stock
NARI
$753K 0.01%
12,200
-100
-0.8% -$6K
MRCY icon
889
Mercury Systems
MRCY
$6.52B
$752K ﹤0.01%
14,706
-100
-0.7% -$5.05K
VSH icon
890
Vishay Intertechnology
VSH
$5.08B
$739K ﹤0.01%
32,688
-300
-0.9% -$6.59K
EVLO
891
DELISTED
Evelo Biosciences, Inc. Common Stock
EVLO
$736K ﹤0.01%
203,536
– –
EPR icon
892
EPR Properties
EPR
$4.63B
$723K ﹤0.01%
18,989
-100
-0.5% -$3.98K
FNF icon
893
Fidelity National Financial
FNF
$12.9B
$719K ﹤0.01%
20,576
– –
SMG icon
894
ScottsMiracle-Gro
SMG
$3.63B
$718K ﹤0.01%
10,300
– –
FRC
895
DELISTED
First Republic Bank
FRC
$714K ﹤0.01%
51,023
+1,300
+3% +$133K
PK icon
896
Park Hotels & Resorts
PK
$2.92B
$702K ﹤0.01%
56,829
-400
-0.7% -$5.25K
LBTYK icon
897
Liberty Global Class C
LBTYK
$3.41B
$698K ﹤0.01%
34,250
– –
VSXY
898
Victoria's Secret
VSXY
$7.95B
$696K ﹤0.01%
20,382
-300
-1% -$11.1K
ARWR icon
899
Arrowhead Research
ARWR
$12.5B
$695K ﹤0.01%
27,370
+400
+1% +$12.6K
CRI icon
900
Carter's
CRI
$1.48B
$693K ﹤0.01%
9,629
-100
-1% -$7.66K
34 35
36
37 38

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.