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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
ARWR icon
901
Arrowhead Research
ARWR
$12.5B
$690K ﹤0.01%
25,670
-700
-3% -$21.4K
NWE icon
902
NorthWestern Energy
NWE
$4.38B
$689K ﹤0.01%
14,328
-400
-3% -$21.3K
LIVN icon
903
LivaNova
LIVN
$4.21B
$683K ﹤0.01%
12,911
-300
-2% -$16.4K
GO icon
904
Grocery Outlet
GO
$972M
$680K ﹤0.01%
23,580
+1,500
+7% +$47.7K
PGNY icon
905
Progyny
PGNY
$2.18B
$676K ﹤0.01%
19,879
+1,000
+5% +$37.8K
OMGA
906
DELISTED
Omega Therapeutics, Inc. Common Stock
OMGA
$675K ﹤0.01%
314,117
– –
TCBI icon
907
Texas Capital Bancshares
TCBI
$4.32B
$675K ﹤0.01%
11,452
-300
-3% -$18.2K
HELE icon
908
Helen of Troy
HELE
$680M
$668K ﹤0.01%
5,727
-200
-3% -$24.9K
NWS icon
909
News Corp Class B
NWS
$17.6B
$660K ﹤0.01%
31,645
-600
-2% -$12.4K
CDP icon
910
COPT Defense Properties
CDP
$4.14B
$660K ﹤0.01%
27,713
– –
LBTYK icon
911
Liberty Global Class C
LBTYK
$3.41B
$658K ﹤0.01%
35,450
-6,600
-16% -$127K
MP icon
912
MP Materials
MP
$9.73B
$657K ﹤0.01%
34,400
+11,600
+51% +$257K
RUN icon
913
Sunrun
RUN
$2.38B
$652K ﹤0.01%
51,947
-1,200
-2% -$19.7K
CABO icon
914
Cable One
CABO
$203M
$652K ﹤0.01%
1,059
-100
-9% -$65.9K
TNL icon
915
Travel + Leisure Co
TNL
$4.5B
$650K ﹤0.01%
17,707
-1,100
-6% -$43.9K
UMBF icon
916
UMB Financial
UMBF
$11.1B
$648K ﹤0.01%
10,441
-300
-3% -$19.5K
CALX icon
917
Calix
CALX
$2.4B
$647K ﹤0.01%
14,118
-100
-0.7% -$4.53K
IART icon
918
Integra LifeSciences
IART
$1.33B
$645K ﹤0.01%
16,890
-700
-4% -$29.4K
CXT icon
919
Crane NXT
CXT
$2.96B
$643K ﹤0.01%
11,572
-300
-3% -$17.4K
CNO icon
920
CNO Financial Group
CNO
$5.12B
$642K ﹤0.01%
27,051
-1,200
-4% -$28.9K
FERG icon
921
Ferguson
FERG
$51.2B
$641K ﹤0.01%
3,900
-1,000
-20% -$158K
DOCS icon
922
Doximity
DOCS
$4.57B
$637K ﹤0.01%
30,000
+800
+3% +$21.8K
PK icon
923
Park Hotels & Resorts
PK
$2.92B
$635K ﹤0.01%
51,529
-1,600
-3% -$20.7K
NSA
924
DELISTED
National Storage Affiliates Trust
NSA
$628K ﹤0.01%
19,801
-400
-2% -$13.5K
ENOV icon
925
Enovis
ENOV
$1.4B
$628K ﹤0.01%
11,902
+100
+0.8% +$5.83K
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
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.