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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
SMG icon
926
ScottsMiracle-Gro
SMG
$3.66B
$633K ﹤0.01%
10,100
-200
-2% -$13.4K
KSS icon
927
Kohl's
KSS
$2.19B
$630K ﹤0.01%
27,326
-600
-2% -$13K
RCM
928
DELISTED
R1 RCM Inc. Common Stock
RCM
$627K ﹤0.01%
34,001
-700
-2% -$11.4K
STAA icon
929
STAAR Surgical
STAA
$1.21B
$625K ﹤0.01%
11,884
-300
-2% -$18.3K
HIW icon
930
Highwoods Properties
HIW
$3.47B
$622K ﹤0.01%
26,026
-600
-2% -$13.3K
ACIW icon
931
ACI Worldwide
ACIW
$5.42B
$617K ﹤0.01%
26,643
-1,700
-6% -$41.1K
TCBI icon
932
Texas Capital Bancshares
TCBI
$4.32B
$605K ﹤0.01%
11,752
-400
-3% -$19.9K
ASB icon
933
Associated Banc-Corp
ASB
$5.91B
$603K ﹤0.01%
37,178
-800
-2% -$13.2K
IBOC icon
934
International Bancshares
IBOC
$4.57B
$575K ﹤0.01%
13,012
-300
-2% -$13K
CATY icon
935
Cathay General Bancorp
CATY
$4.24B
$574K ﹤0.01%
17,830
-500
-3% -$15.9K
JWN
936
DELISTED
Nordstrom
JWN
$569K ﹤0.01%
27,808
-500
-2% -$8.41K
ENR icon
937
Energizer
ENR
$1.55B
$549K ﹤0.01%
16,339
-300
-2% -$10K
KNF icon
938
Knife River
KNF
$3.79B
$546K ﹤0.01%
+12,555
New +$533K
PZZA icon
939
Papa John's
PZZA
$806M
$540K ﹤0.01%
7,315
-800
-10% -$59.3K
FL
940
DELISTED
Foot Locker
FL
$530K ﹤0.01%
19,567
-500
-2% -$17K
EXE
941
Expand Energy Corp
EXE
$21.5B
$527K ﹤0.01%
6,300
+1,900
+43% +$152K
MP icon
942
MP Materials
MP
$9.1B
$522K ﹤0.01%
22,800
-500
-2% -$11.5K
GHC icon
943
Graham Holdings Company
GHC
$5.02B
$521K ﹤0.01%
912
-100
-10% -$57.9K
WOR icon
944
Worthington Enterprises
WOR
$2.86B
$519K ﹤0.01%
12,123
-324
-3% -$12K
SSNC icon
945
SS&C Technologies
SSNC
$18.6B
$513K ﹤0.01%
8,470
-3,200
-27% -$182K
MRCY icon
946
Mercury Systems
MRCY
$6.52B
$495K ﹤0.01%
14,306
-400
-3% -$17.1K
GAP
947
The Gap Inc
GAP
$7.37B
$469K ﹤0.01%
52,530
-1,000
-2% -$8.92K
SHC icon
948
Sotera Health
SHC
$5.38B
$460K ﹤0.01%
24,400
-500
-2% -$7.95K
GEF icon
949
Greif
GEF
$5.04B
$444K ﹤0.01%
6,439
– –
TRIP icon
950
TripAdvisor
TRIP
$1.26B
$431K ﹤0.01%
26,143
-100
-0.4% -$1.69K
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
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.