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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
(+6.5%)
Cap. Flow
-$130M
Cap. Flow
% of AUM
-0.8%
Top 10 Holdings %
Top 10 Hldgs %
33.54%
Holding
990
New
22
Increased
267
Reduced
593
Closed
21
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$34.8M |
| 2 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$31.1M |
| 3 |
iShares MBS ETF
MBB
|
+$29.6M |
| 4 |
Microsoft
MSFT
|
+$28.5M |
| 5 |
AT&T
T
|
+$20.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$60.3M |
| 2 |
Globant
GLOB
|
+$33.7M |
| 3 |
EXAS
Exact Sciences
EXAS
|
+$31.6M |
| 4 |
Arista Networks
ANET
|
+$31.2M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
951
Xerox
XRX
$425M
| $415K | ﹤0.01% |
27,856
-400
| -1% | -$5.86K |
|
952
Zillow
Z
$7.56B
| $412K | ﹤0.01% |
+8,200
| New | +$377K |
|
953
Fidelity National Financial
FNF
$13.5B
| $377K | ﹤0.01% |
10,476
-10,100
| -49% | -$352K |
|
954
LPL Financial
LPLA
$28.6B
| $370K | ﹤0.01% |
+1,700
| New | +$340K |
|
955
Liberty Global Class A
LBTYA
$3.6B
| $360K | ﹤0.01% |
21,338
+6,900
| +48% | +$123K |
|
956
Ally Financial
ALLY
$13.3B
| $339K | ﹤0.01% |
12,564
-1,800
| -13% | -$47.9K |
|
957
Under Armour
UAA
$2.6B
| $336K | ﹤0.01% |
46,500
-1,100
| -2% | -$8.85K |
|
958
Under Armour Class C
UA
$2.53B
| $313K | ﹤0.01% |
46,700
-1,200
| -3% | -$8.81K |
|
959
Equitable Holdings
EQH
$14.1B
| $301K | ﹤0.01% |
11,086
-27,500
| -71% | -$696K |
|
960
Vicor
VICR
$10.2B
| $299K | ﹤0.01% |
5,544
-100
| -2% | -$4.93K |
|
961
Veeva Systems
VEEV
$37.4B
| $277K | ﹤0.01% |
1,400
-100
| -7% | -$18.2K |
|
962
Royalty Pharma
RPRX
$25.3B
| $277K | ﹤0.01% |
+9,000
| New | +$305K |
|
963
U-Haul Holding Co Series N
UHAL.B
$12.8B
| $246K | ﹤0.01% |
4,854
-5,200
| -52% | -$272K |
|
964
Sensata Technologies
ST
$6.79B
| $239K | ﹤0.01% |
5,320
-900
| -14% | -$39.5K |
|
965
Pilgrim's Pride
PPC
$6.54B
| $238K | ﹤0.01% |
11,071
-300
| -3% | -$6.75K |
|
|
LSXMK
966
DELISTED
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
| $216K | ﹤0.01% |
+8,521
| New | +$191K |
|
967
Albertsons Companies
ACI
$5.83B
| $207K | ﹤0.01% |
+9,500
| New | +$198K |
|
968
Clarivate
CLVT
$1.16B
| $165K | ﹤0.01% |
17,282
+900
| +5% | +$7.63K |
|
|
DMTK
969
DELISTED
DermTech, Inc. Common Stock
DMTK
| $156K | ﹤0.01% |
60,000
| – | – |
|
970
Bank of Hawaii
BOH
$3.13B
| – | – |
-10,019
| Closed | -$522K |
|
971
Blackstone
BX
$110B
| – | – |
-33,600
| Closed | -$2.95M |
|
972
Dana Inc
DAN
$3.06B
| – | – |
-32,113
| Closed | -$483K |
|
973
Endava
DAVA
$156M
| – | – |
-191,800
| Closed | -$12.9M |
|
974
Douglas Emmett
DEI
$1.96B
| – | – |
-44,446
| Closed | -$548K |
|
975
Erie Indemnity
ERIE
$13.2B
| – | – |
-1,432
| Closed | -$332K |
|
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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.