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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
GHC icon
926
Graham Holdings Company
GHC
$4.99B
$603K ﹤0.01%
1,012
– –
AMED
927
DELISTED
Amedisys
AMED
$601K ﹤0.01%
8,175
-100
-1% -$8.65K
TCBI icon
928
Texas Capital Bancshares
TCBI
$4.32B
$595K ﹤0.01%
12,152
-600
-5% -$36.9K
JBLU icon
929
JetBlue
JBLU
$2.13B
$594K ﹤0.01%
81,631
– –
LIVN icon
930
LivaNova
LIVN
$4.21B
$589K ﹤0.01%
13,511
-100
-0.7% -$5.06K
FULT icon
931
Fulton Financial
FULT
$4.6B
$585K ﹤0.01%
42,346
-300
-0.7% -$4.85K
PDCO
932
DELISTED
Patterson Companies, Inc.
PDCO
$584K ﹤0.01%
21,826
-200
-0.9% -$5.62K
SITM icon
933
SiTime
SITM
$20.7B
$583K ﹤0.01%
4,100
+100
+3% +$12.3K
ENR icon
934
Energizer
ENR
$1.5B
$577K ﹤0.01%
16,639
– –
MAC icon
935
Macerich
MAC
$6.9B
$576K ﹤0.01%
54,379
-300
-0.5% -$3.56K
HELE icon
936
Helen of Troy
HELE
$680M
$574K ﹤0.01%
6,027
– –
IBOC icon
937
International Bancshares
IBOC
$4.53B
$570K ﹤0.01%
13,312
-100
-0.7% -$4.55K
NWS icon
938
News Corp Class B
NWS
$17.6B
$564K ﹤0.01%
32,345
+300
+0.9% +$5.54K
OVV icon
939
Ovintiv
OVV
$17.6B
$552K ﹤0.01%
15,300
– –
DEI icon
940
Douglas Emmett
DEI
$1.93B
$548K ﹤0.01%
44,446
-300
-0.7% -$4.35K
GAP
941
The Gap Inc
GAP
$7.74B
$537K ﹤0.01%
53,530
-200
-0.4% -$2.44K
BOH icon
942
Bank of Hawaii
BOH
$3.1B
$522K ﹤0.01%
10,019
-200
-2% -$14K
UHAL.B icon
943
U-Haul Holding Co Series N
UHAL.B
$12.6B
$521K ﹤0.01%
10,054
– –
TRIP icon
944
TripAdvisor
TRIP
$1.26B
$521K ﹤0.01%
26,243
– –
RCM
945
DELISTED
R1 RCM Inc. Common Stock
RCM
$521K ﹤0.01%
34,701
-300
-0.9% -$4.11K
WOR icon
946
Worthington Enterprises
WOR
$2.79B
$496K ﹤0.01%
12,447
– –
DAN icon
947
Dana Inc
DAN
$3.21B
$483K ﹤0.01%
32,113
– –
JWN
948
DELISTED
Nordstrom
JWN
$461K ﹤0.01%
28,308
-100
-0.4% -$1.87K
UAA icon
949
Under Armour
UAA
$2.5B
$452K ﹤0.01%
47,600
– –
SHC icon
950
Sotera Health
SHC
$5.41B
$446K ﹤0.01%
24,900
-200
-0.8% -$3.34K
36 37
38
39 40

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.