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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
HWC icon
876
Hancock Whitney
HWC
$6.23B
$760K ﹤0.01%
20,540
-700
-3% -$28.6K
M icon
877
Macy's
M
$6.55B
$757K ﹤0.01%
65,170
-1,900
-3% -$26.6K
GBCI icon
878
Glacier Bancorp
GBCI
$6.35B
$756K ﹤0.01%
26,536
-800
-3% -$24.8K
IRT icon
879
Independence Realty Trust
IRT
$3.94B
$754K ﹤0.01%
53,600
-1,700
-3% -$28K
VSH icon
880
Vishay Intertechnology
VSH
$5.08B
$751K ﹤0.01%
30,388
-1,000
-3% -$27K
EPR icon
881
EPR Properties
EPR
$4.63B
$747K ﹤0.01%
17,989
-600
-3% -$26.4K
NEU icon
882
NewMarket
NEU
$8.37B
$745K ﹤0.01%
1,637
– –
LITE icon
883
Lumentum
LITE
$63.3B
$742K ﹤0.01%
16,428
-500
-3% -$25.4K
CUZ icon
884
Cousins Properties
CUZ
$4.83B
$738K ﹤0.01%
36,244
-1,100
-3% -$25.2K
SLM icon
885
SLM Corp
SLM
$5.14B
$735K ﹤0.01%
53,999
-5,700
-10% -$85.8K
TPL icon
886
Texas Pacific Land
TPL
$24.2B
$729K ﹤0.01%
3,600
-900
-20% -$170K
BLKB icon
887
Blackbaud
BLKB
$2.09B
$728K ﹤0.01%
10,348
-800
-7% -$58.9K
AMED
888
DELISTED
Amedisys
AMED
$726K ﹤0.01%
7,775
-300
-4% -$27.7K
ALE
889
DELISTED
Allete
ALE
$726K ﹤0.01%
13,746
-400
-3% -$22.5K
AZTA icon
890
Azenta
AZTA
$1.54B
$724K ﹤0.01%
14,417
-1,600
-10% -$80.4K
IPGP icon
891
IPG Photonics
IPGP
$3.61B
$721K ﹤0.01%
7,100
-600
-8% -$67.7K
FHI icon
892
Federated Hermes
FHI
$4.71B
$714K ﹤0.01%
21,076
+100
+0.5% +$3.44K
CVLT icon
893
Commault Systems
CVLT
$5.78B
$711K ﹤0.01%
10,512
-300
-3% -$21.3K
RCM
894
DELISTED
R1 RCM Inc. Common Stock
RCM
$710K ﹤0.01%
47,101
+13,100
+39% +$220K
ZD icon
895
Ziff Davis
ZD
$2B
$710K ﹤0.01%
11,140
-500
-4% -$34.3K
SR icon
896
Spire
SR
$4.79B
$709K ﹤0.01%
12,536
-400
-3% -$24.3K
HGV icon
897
Hilton Grand Vacations
HGV
$3.31B
$708K ﹤0.01%
17,400
-1,500
-8% -$66.1K
TGNA
898
DELISTED
TEGNA Inc
TGNA
$702K ﹤0.01%
48,171
-7,300
-13% -$118K
COKE icon
899
Coca-Cola Consolidated
COKE
$12.4B
$700K ﹤0.01%
11,000
– –
DOC
900
DELISTED
PHYSICIANS REALTY TRUST
DOC
$695K ﹤0.01%
57,020
-1,700
-3% -$23.5K
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 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.