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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
HTZ icon
901
Hertz
HTZ
$809M
$714K ﹤0.01%
38,800
-1,900
-5% -$31.1K
PDCO
902
DELISTED
Patterson Companies, Inc.
PDCO
$713K ﹤0.01%
21,426
-400
-2% -$11K
CALX icon
903
Calix
CALX
$2.39B
$710K ﹤0.01%
14,218
-200
-1% -$9.64K
SAM icon
904
Boston Beer
SAM
$1.92B
$704K ﹤0.01%
2,283
-100
-4% -$32.2K
NSA
905
DELISTED
National Storage Affiliates Trust
NSA
$704K ﹤0.01%
20,201
-1,100
-5% -$41.5K
COKE icon
906
Coca-Cola Consolidated
COKE
$12.8B
$700K ﹤0.01%
11,000
-1,000
-8% -$61.9K
PK icon
907
Park Hotels & Resorts
PK
$2.97B
$681K ﹤0.01%
53,129
-3,700
-7% -$47.2K
CALY
908
Callaway Golf Company
CALY
$3.14B
$680K ﹤0.01%
34,248
-800
-2% -$16K
LIVN icon
909
LivaNova
LIVN
$4.2B
$679K ﹤0.01%
13,211
-300
-2% -$14.1K
CRI icon
910
Carter's
CRI
$1.47B
$677K ﹤0.01%
9,329
-300
-3% -$20.3K
GO icon
911
Grocery Outlet
GO
$980M
$676K ﹤0.01%
22,080
-300
-1% -$8.77K
ROVR
912
DELISTED
Rover Group, Inc. Class A Common Stock
ROVR
$676K ﹤0.01%
+137,631
New +$630K
SBRA icon
913
Sabra Healthcare REIT
SBRA
$5.37B
$670K ﹤0.01%
56,949
-1,400
-2% -$15.9K
CXT icon
914
Crane NXT
CXT
$3.07B
$670K ﹤0.01%
11,872
-22,883
-66% -$1.16M
COLM icon
915
Columbia Sportswear
COLM
$2.94B
$670K ﹤0.01%
8,674
-300
-3% -$24.2K
KD icon
916
Kyndryl
KD
$3.05B
$670K ﹤0.01%
50,434
-1,300
-3% -$17.6K
CNO icon
917
CNO Financial Group
CNO
$5.1B
$669K ﹤0.01%
28,251
-600
-2% -$13.4K
EVLO
918
DELISTED
Evelo Biosciences, Inc. Common Stock
EVLO
$661K ﹤0.01%
203,536
– –
NEU icon
919
NewMarket
NEU
$8.18B
$658K ﹤0.01%
1,637
-100
-6% -$39K
TPL icon
920
Texas Pacific Land
TPL
$23.5B
$658K ﹤0.01%
4,500
– –
CDP icon
921
COPT Defense Properties
CDP
$4.21B
$658K ﹤0.01%
27,713
-700
-2% -$16.3K
UMBF icon
922
UMB Financial
UMBF
$11.1B
$654K ﹤0.01%
10,741
-200
-2% -$11.9K
WERN icon
923
Werner Enterprises
WERN
$2.25B
$641K ﹤0.01%
14,498
-400
-3% -$18K
HELE icon
924
Helen of Troy
HELE
$693M
$640K ﹤0.01%
5,927
-100
-2% -$9.57K
NWS icon
925
News Corp Class B
NWS
$17.5B
$636K ﹤0.01%
32,245
-100
-0.3% -$1.83K
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
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.