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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
COLM icon
926
Columbia Sportswear
COLM
$2.92B
$621K ﹤0.01%
8,374
-300
-3% -$22.3K
CRI icon
927
Carter's
CRI
$1.48B
$617K ﹤0.01%
8,929
-400
-4% -$28.6K
ASB icon
928
Associated Banc-Corp
ASB
$5.92B
$617K ﹤0.01%
36,078
-1,100
-3% -$19.4K
KMPR icon
929
Kemper
KMPR
$1.55B
$605K ﹤0.01%
14,396
-1,400
-9% -$66.4K
PDCO
930
DELISTED
Patterson Companies, Inc.
PDCO
$602K ﹤0.01%
20,326
-1,100
-5% -$34.9K
KNF icon
931
Knife River
KNF
$3.83B
$594K ﹤0.01%
12,155
-400
-3% -$19K
WERN icon
932
Werner Enterprises
WERN
$2.2B
$592K ﹤0.01%
15,198
+700
+5% +$30K
PTON icon
933
Peloton Interactive
PTON
$2.42B
$588K ﹤0.01%
116,477
– –
ACIW icon
934
ACI Worldwide
ACIW
$5.34B
$585K ﹤0.01%
25,943
-700
-3% -$16.4K
ICUI icon
935
ICU Medical
ICUI
$4.56B
$579K ﹤0.01%
4,861
-100
-2% -$14.9K
AMKR icon
936
Amkor Technology
AMKR
$13.1B
$557K ﹤0.01%
24,649
-200
-0.8% -$5.27K
KSS icon
937
Kohl's
KSS
$2.16B
$554K ﹤0.01%
26,426
-900
-3% -$22.7K
IBOC icon
938
International Bancshares
IBOC
$4.53B
$551K ﹤0.01%
12,712
-300
-2% -$13.7K
ALGM icon
939
Allegro MicroSystems
ALGM
$7.91B
$543K ﹤0.01%
17,000
+900
+6% +$36.6K
GAP
940
The Gap Inc
GAP
$7.74B
$542K ﹤0.01%
51,030
-1,500
-3% -$15.3K
PSNL icon
941
Personalis
PSNL
$1.55B
$537K ﹤0.01%
443,798
– –
GHC icon
942
Graham Holdings Company
GHC
$4.99B
$532K ﹤0.01%
912
– –
ENV
943
DELISTED
ENVESTNET, INC.
ENV
$523K ﹤0.01%
11,871
-1,500
-11% -$82.4K
SMG icon
944
ScottsMiracle-Gro
SMG
$3.63B
$512K ﹤0.01%
9,900
-200
-2% -$11.6K
CALY
945
Callaway Golf Company
CALY
$3.04B
$473K ﹤0.01%
34,148
-100
-0.3% -$1.75K
AMRS
946
DELISTED
Amyris Inc.
AMRS
$459K ﹤0.01%
7,645,000
– –
WOR icon
947
Worthington Enterprises
WOR
$2.79B
$450K ﹤0.01%
11,798
-325
-3% -$14.3K
GEF icon
948
Greif
GEF
$4.97B
$410K ﹤0.01%
6,139
-300
-5% -$21.3K
HTZ icon
949
Hertz
HTZ
$756M
$392K ﹤0.01%
32,000
-6,800
-18% -$114K
SSNC icon
950
SS&C Technologies
SSNC
$18.7B
$377K ﹤0.01%
7,170
-1,300
-15% -$74.3K
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 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.