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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
BLKB icon
876
Blackbaud
BLKB
$2.08B
$794K ﹤0.01%
11,148
-100
-0.9% -$7.02K
CVLT icon
877
Commault Systems
CVLT
$5.61B
$785K ﹤0.01%
10,812
-400
-4% -$26K
KRC icon
878
Kilroy Realty
KRC
$4.42B
$781K ﹤0.01%
25,965
-700
-3% -$20.4K
LOPE icon
879
Grand Canyon Education
LOPE
$3.98B
$780K ﹤0.01%
7,559
-200
-3% -$22K
BHF icon
880
Brighthouse Financial
BHF
$3.5B
$780K ﹤0.01%
16,468
-800
-5% -$34.5K
BCO icon
881
Brink's
BCO
$4.62B
$778K ﹤0.01%
11,477
-300
-3% -$20.1K
FERG icon
882
Ferguson
FERG
$49.8B
$771K ﹤0.01%
4,900
-1,500
-23% -$214K
CHH icon
883
Choice Hotels
CHH
$4.8B
$768K ﹤0.01%
6,532
-500
-7% -$60.1K
KMPR icon
884
Kemper
KMPR
$1.68B
$762K ﹤0.01%
15,796
-400
-2% -$19.4K
CABO icon
885
Cable One
CABO
$212M
$762K ﹤0.01%
1,159
-100
-8% -$67.4K
TNL icon
886
Travel + Leisure Co
TNL
$4.7B
$759K ﹤0.01%
18,807
-1,700
-8% -$65.5K
ENOV icon
887
Enovis
ENOV
$1.53B
$757K ﹤0.01%
11,802
-200
-2% -$11.4K
FHI icon
888
Federated Hermes
FHI
$4.72B
$752K ﹤0.01%
20,976
-400
-2% -$15.5K
AZTA icon
889
Azenta
AZTA
$1.48B
$748K ﹤0.01%
16,017
-1,400
-8% -$61.3K
LBTYK icon
890
Liberty Global Class C
LBTYK
$3.49B
$747K ﹤0.01%
42,050
+7,800
+23% +$145K
PGNY icon
891
Progyny
PGNY
$2.2B
$743K ﹤0.01%
18,879
-100
-0.5% -$3.61K
AMKR icon
892
Amkor Technology
AMKR
$13.7B
$739K ﹤0.01%
24,849
-500
-2% -$12.2K
AMED
893
DELISTED
Amedisys
AMED
$738K ﹤0.01%
8,075
-100
-1% -$8.2K
NARI
894
DELISTED
Inari Medical, Inc. Common Stock
NARI
$738K ﹤0.01%
12,700
+500
+4% +$31.5K
SXT icon
895
Sensient Technologies
SXT
$5.53B
$737K ﹤0.01%
10,368
-300
-3% -$22.3K
ALGM icon
896
Allegro MicroSystems
ALGM
$8.16B
$727K ﹤0.01%
16,100
-400
-2% -$16.2K
IART icon
897
Integra LifeSciences
IART
$1.34B
$723K ﹤0.01%
17,590
-800
-4% -$38.5K
CNX icon
898
CNX Resources
CNX
$5.2B
$723K ﹤0.01%
40,802
-2,200
-5% -$35.5K
VNO icon
899
Vornado Realty Trust
VNO
$7.38B
$720K ﹤0.01%
39,700
-1,000
-2% -$14.7K
JBLU icon
900
JetBlue
JBLU
$2.29B
$715K ﹤0.01%
80,731
-900
-1% -$6.54K
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
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.