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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
+9.66%
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
Cap. Flow
-$148M
Cap. Flow %
-0.97%
Top 10 Hldgs %
31.98%
Holding
987
New
20
Increased
448
Reduced
393
Closed
19

Top Buys

Rank Stock Value
1
APO icon
Apollo Global Management
APO
+$65.3M
2
CRWD icon
CrowdStrike
CRWD
+$20.8M
3
HXL icon
Hexcel
HXL
+$17.1M
4
ZM icon
Zoom
ZM
+$14.4M
5
MTUM icon
iShares MSCI USA Momentum Factor ETF
MTUM
+$14.4M

Top Sells

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$99.9M
2
T icon
AT&T
T
+$92.3M
3
WBD icon
Warner Bros
WBD
+$71.2M
4
EPAM icon
EPAM Systems
EPAM
+$39.8M
5
MSCI icon
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
IBM icon
76
IBM
IBM
$224B
$38.1M 0.25%
290,786
+2,500
+0.9% +$334K
AMGN icon
77
Amgen
AMGN
$223B
$35.4M 0.23%
146,597
+1,600
+1% +$393K
HON icon
78
Honeywell
HON
$77.2B
$35.1M 0.23%
194,709
+848
+0.4% +$159K
EXAS
79
DELISTED
Exact Sciences
EXAS
$34.4M 0.23%
507,204
– –
AMAT icon
80
Applied Materials
AMAT
$420B
$34.3M 0.23%
278,955
-2,300
-0.8% -$264K
UNP icon
81
Union Pacific
UNP
$174B
$33.8M 0.22%
168,045
+1,000
+0.6% +$203K
GLOB icon
82
Globant
GLOB
$1.65B
$33.7M 0.22%
205,400
-32,000
-13% -$5.23M
GS icon
83
Goldman Sachs
GS
$302B
$33.6M 0.22%
102,573
+900
+0.9% +$313K
CMG icon
84
Chipotle Mexican Grill
CMG
$41.1B
$33.5M 0.22%
979,900
-245,000
-20% -$7.7M
COP icon
85
ConocoPhillips
COP
$146B
$33.3M 0.22%
336,091
-2,600
-0.8% -$284K
LMT icon
86
Lockheed Martin
LMT
$139B
$33.3M 0.22%
70,518
-1,000
-1% -$469K
PLD icon
87
Prologis
PLD
$131B
$33.2M 0.22%
266,318
+2,600
+1% +$320K
LOW icon
88
Lowe's Companies
LOW
$123B
$33.2M 0.22%
166,070
-2,600
-2% -$528K
KEYS icon
89
Keysight
KEYS
$58.1B
$32.9M 0.22%
203,931
-107,700
-35% -$18.3M
SBUX icon
90
Starbucks
SBUX
$120B
$32.9M 0.22%
315,559
+3,600
+1% +$375K
BA icon
91
Boeing
BA
$186B
$32.8M 0.22%
154,396
+2,100
+1% +$436K
CAT icon
92
Caterpillar
CAT
$386B
$32.7M 0.21%
142,872
+1,400
+1% +$338K
BLK icon
93
Blackrock
BLK
$175B
$32.4M 0.21%
48,471
+400
+0.8% +$282K
ELV icon
94
Elevance Health
ELV
$86.3B
$32M 0.21%
69,551
+700
+1% +$333K
MS icon
95
Morgan Stanley
MS
$340B
$31.5M 0.21%
358,826
+500
+0.1% +$46.7K
SPGI icon
96
S&P Global
SPGI
$121B
$31.2M 0.2%
90,353
-100
-0.1% -$35.2K
GILD icon
97
Gilead Sciences
GILD
$166B
$30.9M 0.2%
372,243
+1,500
+0.4% +$124K
DE icon
98
Deere & Co
DE
$166B
$30.7M 0.2%
74,257
-400
-0.5% -$166K
C icon
99
Citigroup
C
$227B
$29.8M 0.2%
635,736
+5,500
+0.9% +$270K
MDT icon
100
Medtronic
MDT
$114B
$29.5M 0.19%
365,298
+4,100
+1% +$334K
2 3
4
5 6

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
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
CHP
Castle Hook Partners New York $23.4B AUM 158.96% 1-Year Est. Return

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.