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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
(-4.6%)
Cap. Flow
-$126M
Cap. Flow
% of AUM
-0.82%
Top 10 Holdings %
Top 10 Hldgs %
33.75%
Holding
989
New
20
Increased
99
Reduced
774
Closed
25
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
AT&T
T
|
+$60.1M |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$39.9M |
| 3 |
Meta Platforms (Facebook)
META
|
+$28.3M |
| 4 |
State Street Energy Select Sector SPDR ETF
XLE
|
+$28M |
| 5 |
Globant
GLOB
|
+$25.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apollo Global Management
APO
|
+$49.8M |
| 2 |
iShares MSCI USA Momentum Factor ETF
MTUM
|
+$48.1M |
| 3 |
Fortinet
FTNT
|
+$38.4M |
| 4 |
Hershey
HSY
|
+$32.4M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
951
Sotera Health
SHC
$5.41B
| $354K | ﹤0.01% |
23,600
-800
| -3% | -$13.5K |
|
|
JWN
952
DELISTED
Nordstrom
JWN
| $347K | ﹤0.01% |
23,208
-4,600
| -17% | -$84.4K |
|
953
LPL Financial
LPLA
$29.3B
| $333K | ﹤0.01% |
1,400
-300
| -18% | -$69.7K |
|
954
Zillow
Z
$7.59B
| $319K | ﹤0.01% |
6,900
-1,300
| -16% | -$66.8K |
|
955
Vicor
VICR
$9.63B
| $315K | ﹤0.01% |
5,344
-200
| -4% | -$13.3K |
|
956
Under Armour
UAA
$2.5B
| $309K | ﹤0.01% |
45,100
-1,400
| -3% | -$10.5K |
|
957
Under Armour Class C
UA
$2.42B
| $305K | ﹤0.01% |
47,800
+1,100
| +2% | +$7.58K |
|
958
Equitable Holdings
EQH
$14.4B
| $266K | ﹤0.01% |
9,386
-1,700
| -15% | -$48K |
|
959
Veeva Systems
VEEV
$38.1B
| $244K | ﹤0.01% |
1,200
-200
| -14% | -$40.3K |
|
960
Pilgrim's Pride
PPC
$6.31B
| $221K | ﹤0.01% |
9,671
-1,400
| -13% | -$34.1K |
|
961
U-Haul Holding Co Series N
UHAL.B
$12.6B
| $212K | ﹤0.01% |
4,054
-800
| -16% | -$43.4K |
|
962
Royalty Pharma
RPRX
$25.8B
| $206K | ﹤0.01% |
7,600
-1,400
| -16% | -$41.6K |
|
963
Clarivate
CLVT
$1.21B
| $97.8K | ﹤0.01% |
14,582
-2,700
| -16% | -$21.5K |
|
|
DMTK
964
DELISTED
DermTech, Inc. Common Stock
DMTK
| $86.4K | ﹤0.01% |
60,000
| – | – |
|
965
Advance Auto Parts
AAP
$3.36B
| – | – |
-16,231
| Closed | -$1.14M |
|
966
Albertsons Companies
ACI
$5.89B
| – | – |
-9,500
| Closed | -$207K |
|
967
Cathay General Bancorp
CATY
$4.23B
| – | – |
-17,830
| Closed | -$574K |
|
968
Energizer
ENR
$1.5B
| – | – |
-16,339
| Closed | -$549K |
|
|
FL
969
DELISTED
Foot Locker
FL
| – | – |
-19,567
| Closed | -$530K |
|
970
Hawaiian Electric Industries
HE
$2.02B
| – | – |
-26,948
| Closed | -$976K |
|
971
Highwoods Properties
HIW
$3.41B
| – | – |
-26,026
| Closed | -$622K |
|
972
JetBlue
JBLU
$2.13B
| – | – |
-80,731
| Closed | -$715K |
|
973
Liberty Global Class A
LBTYA
$3.46B
| – | – |
-21,338
| Closed | -$360K |
|
974
Lincoln National
LNC
$8.75B
| – | – |
-42,315
| Closed | -$1.09M |
|
975
Mercury Systems
MRCY
$6.52B
| – | – |
-14,306
| Closed | -$495K |
|
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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.