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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
CNX icon
901
CNX Resources
CNX
$5.32B
$689K ﹤0.01%
43,002
-2,900
-6% -$46.1K
ASB icon
902
Associated Banc-Corp
ASB
$5.92B
$683K ﹤0.01%
37,978
-300
-0.8% -$6.57K
WERN icon
903
Werner Enterprises
WERN
$2.2B
$678K ﹤0.01%
14,898
-100
-0.7% -$4.54K
CDP icon
904
COPT Defense Properties
CDP
$4.14B
$674K ﹤0.01%
28,413
-200
-0.7% -$5.14K
SBRA icon
905
Sabra Healthcare REIT
SBRA
$5.28B
$671K ﹤0.01%
58,349
-500
-0.8% -$6.19K
HTZ icon
906
Hertz
HTZ
$756M
$663K ﹤0.01%
+40,700
New +$710K
OMCL icon
907
Omnicell
OMCL
$1.7B
$663K ﹤0.01%
11,300
+100
+0.9% +$5.51K
AMKR icon
908
Amkor Technology
AMKR
$13.1B
$660K ﹤0.01%
25,349
-200
-0.8% -$5.47K
SSNC icon
909
SS&C Technologies
SSNC
$18.7B
$659K ﹤0.01%
11,670
– –
KSS icon
910
Kohl's
KSS
$2.16B
$657K ﹤0.01%
27,926
-1,800
-6% -$50.8K
MP icon
911
MP Materials
MP
$9.73B
$657K ﹤0.01%
23,300
-200
-0.9% -$6.05K
COKE icon
912
Coca-Cola Consolidated
COKE
$12.4B
$642K ﹤0.01%
12,000
– –
ENOV icon
913
Enovis
ENOV
$1.4B
$642K ﹤0.01%
12,002
-100
-0.8% -$5.79K
CNO icon
914
CNO Financial Group
CNO
$5.12B
$640K ﹤0.01%
28,851
– –
CVLT icon
915
Commault Systems
CVLT
$5.78B
$636K ﹤0.01%
11,212
-100
-0.9% -$5.96K
NGVT icon
916
Ingevity
NGVT
$2.65B
$635K ﹤0.01%
8,873
-100
-1% -$7.94K
NEU icon
917
NewMarket
NEU
$8.37B
$634K ﹤0.01%
1,737
– –
CATY icon
918
Cathay General Bancorp
CATY
$4.23B
$633K ﹤0.01%
18,330
-600
-3% -$24.6K
GO icon
919
Grocery Outlet
GO
$972M
$632K ﹤0.01%
22,380
-200
-0.9% -$5.74K
ETRN
920
DELISTED
Equitrans Midstream Corporation Common Stock
ETRN
$632K ﹤0.01%
109,302
-900
-0.8% -$5.77K
UMBF icon
921
UMB Financial
UMBF
$11.1B
$632K ﹤0.01%
10,941
-100
-0.9% -$8.13K
VNO icon
922
Vornado Realty Trust
VNO
$7.26B
$626K ﹤0.01%
40,700
-3,110
-7% -$62.8K
HIW icon
923
Highwoods Properties
HIW
$3.41B
$617K ﹤0.01%
26,626
-200
-0.7% -$5.39K
PGNY icon
924
Progyny
PGNY
$2.18B
$610K ﹤0.01%
18,979
-200
-1% -$6.61K
PZZA icon
925
Papa John's
PZZA
$785M
$608K ﹤0.01%
8,115
-100
-1% -$8.47K
35 36
37
38 39

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.