We are live on
!
Find out more
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
(+6%)
Cap. Flow
-$148M
Cap. Flow
% of AUM
-0.97%
Top 10 Holdings %
Top 10 Hldgs %
31.98%
Holding
987
New
20
Increased
448
Reduced
393
Closed
19
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apollo Global Management
APO
|
+$65.3M |
| 2 |
CrowdStrike
CRWD
|
+$20.8M |
| 3 |
Hexcel
HXL
|
+$17.1M |
| 4 |
Zoom
ZM
|
+$14.4M |
| 5 |
iShares MSCI USA Momentum Factor ETF
MTUM
|
+$14.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$99.9M |
| 2 |
AT&T
T
|
+$92.3M |
| 3 |
Warner Bros
WBD
|
+$71.2M |
| 4 |
EPAM Systems
EPAM
|
+$39.8M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
951
Xerox
XRX
$427M
| $435K | ﹤0.01% |
28,256
| – | – |
|
952
John Wiley & Sons Class A
WLY
$2.62B
| $421K | ﹤0.01% |
10,852
| – | – |
|
953
Navient
NAVI
$796M
| $409K | ﹤0.01% |
25,571
-1,400
| -5% | -$24.4K |
|
954
Under Armour Class C
UA
$2.42B
| $409K | ﹤0.01% |
47,900
-2,300
| -5% | -$21.1K |
|
955
Greif
GEF
$4.97B
| $408K | ﹤0.01% |
6,439
-100
| -2% | -$6.7K |
|
956
Ally Financial
ALLY
$13.3B
| $366K | ﹤0.01% |
14,364
| – | – |
|
|
EXE
957
Expand Energy Corp
EXE
$22.6B
| $335K | ﹤0.01% |
4,400
| – | – |
|
958
Erie Indemnity
ERIE
$13.2B
| $332K | ﹤0.01% |
1,432
| – | – |
|
959
Sensata Technologies
ST
$6.66B
| $311K | ﹤0.01% |
6,220
| – | – |
|
|
PACW
960
DELISTED
PacWest Bancorp
PACW
| $289K | ﹤0.01% |
29,749
-200
| -0.7% | -$4.45K |
|
961
Liberty Global Class A
LBTYA
$3.46B
| $282K | ﹤0.01% |
14,438
| – | – |
|
962
Veeva Systems
VEEV
$38.1B
| $276K | ﹤0.01% |
1,500
| – | – |
|
963
Vicor
VICR
$9.63B
| $265K | ﹤0.01% |
5,644
| – | – |
|
964
Pilgrim's Pride
PPC
$6.31B
| $264K | ﹤0.01% |
11,371
-100
| -0.9% | -$2.42K |
|
965
Lumen
LUMN
$6.85B
| $260K | ﹤0.01% |
98,004
-258,672
| -73% | -$1.04M |
|
|
DMTK
966
DELISTED
DermTech, Inc. Common Stock
DMTK
| $221K | ﹤0.01% |
60,000
| – | – |
|
967
Clarivate
CLVT
$1.21B
| $154K | ﹤0.01% |
16,382
| – | – |
|
|
RUBY
968
DELISTED
Rubius Therapeutics, Inc
RUBY
| $13.6K | ﹤0.01% |
640,000
| – | – |
|
969
Cracker Barrel
CBRL
$1.25B
| – | – |
-5,672
| Closed | -$537K |
|
970
Dycom Industries
DY
$12B
| – | – |
-7,461
| Closed | -$698K |
|
971
GitLab
GTLB
$6.88B
| – | – |
-10,795
| Closed | -$491K |
|
|
HBI
972
DELISTED
Hanesbrands
HBI
| – | – |
-87,987
| Closed | -$560K |
|
973
HEICO Corp
HEI
$50.9B
| – | – |
-17,600
| Closed | -$2.7M |
|
|
JBGS
974
JBG SMITH
JBGS
$653M
| – | – |
-25,078
| Closed | -$476K |
|
975
Kennametal
KMT
$2.41B
| – | – |
-20,493
| Closed | -$493K |
|
Similar funds
FAM
BA
CAM
DSA
CHP
IC
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.