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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
Cap. Flow
-$130M
Cap. Flow %
-0.8%
Top 10 Hldgs %
33.54%
Holding
990
New
22
Increased
267
Reduced
593
Closed
21

Top Buys

Rank Stock Value
1
NVDA icon
NVIDIA
NVDA
+$34.8M
2
TLT icon
iShares 20+ Year Treasury Bond ETF
TLT
+$31.1M
3
MBB icon
iShares MBS ETF
MBB
+$29.6M
4
MSFT icon
Microsoft
MSFT
+$28.5M
5
T icon
AT&T
T
+$20.2M

Top Sells

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$60.3M
2
GLOB icon
Globant
GLOB
+$33.7M
3
EXAS
Exact Sciences
EXAS
+$31.6M
4
ANET icon
Arista Networks
ANET
+$31.2M
5
QUAL icon
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
IBM icon
76
IBM
IBM
$224B
$39.4M 0.24%
294,486
+3,700
+1% +$478K
CMG icon
77
Chipotle Mexican Grill
CMG
$41.5B
$38.1M 0.23%
889,900
-90,000
-9% -$3.56M
HON icon
78
Honeywell
HON
$78B
$38M 0.23%
194,179
-530
-0.3% -$98.4K
LOW icon
79
Lowe's Companies
LOW
$125B
$37M 0.23%
163,970
-2,100
-1% -$437K
SPGI icon
80
S&P Global
SPGI
$120B
$36.1M 0.22%
90,153
-200
-0.2% -$73.1K
VLUE icon
81
iShares MSCI USA Value Factor ETF
VLUE
$9.47B
$35.9M 0.22%
382,450
-30,100
-7% -$2.74M
UPS icon
82
United Parcel Service
UPS
$88.9B
$35.7M 0.22%
199,314
-1,100
-0.5% -$195K
GE icon
83
GE Aerospace
GE
$384B
$35.4M 0.22%
403,292
+28,443
+8% +$2.3M
CAT icon
84
Caterpillar
CAT
$387B
$34.9M 0.22%
141,672
-1,200
-0.8% -$268K
UNP icon
85
Union Pacific
UNP
$174B
$34.3M 0.21%
167,645
-400
-0.2% -$79.5K
CRWD icon
86
CrowdStrike
CRWD
$218B
$34.2M 0.21%
932,000
+211,200
+29% +$7.36M
PLD icon
87
Prologis
PLD
$133B
$33.1M 0.2%
270,018
+3,700
+1% +$455K
BA icon
88
Boeing
BA
$185B
$32.8M 0.2%
155,496
+1,100
+0.7% +$228K
AMGN icon
89
Amgen
AMGN
$222B
$32.6M 0.2%
146,897
+300
+0.2% +$69.6K
GS icon
90
Goldman Sachs
GS
$303B
$32.3M 0.2%
100,073
-2,500
-2% -$822K
MDT icon
91
Medtronic
MDT
$112B
$32.2M 0.2%
365,798
+500
+0.1% +$43K
LMT icon
92
Lockheed Martin
LMT
$136B
$32M 0.2%
69,518
-1,000
-1% -$464K
ELV icon
93
Elevance Health
ELV
$85.5B
$31.5M 0.19%
70,951
+1,400
+2% +$646K
NOW icon
94
ServiceNow
NOW
$129B
$31.5M 0.19%
280,275
+1,500
+0.5% +$150K
SBUX icon
95
Starbucks
SBUX
$120B
$31.2M 0.19%
315,259
-300
-0.1% -$31.1K
TLT icon
96
iShares 20+ Year Treasury Bond ETF
TLT
$40.9B
$30.9M 0.19%
+300,000
New +$31.1M
MS icon
97
Morgan Stanley
MS
$340B
$30.6M 0.19%
358,226
-600
-0.2% -$51.3K
BLK icon
98
Blackrock
BLK
$176B
$30.4M 0.19%
43,971
-4,500
-9% -$3.01M
DE icon
99
Deere & Co
DE
$168B
$30M 0.19%
74,157
-100
-0.1% -$38.2K
KEYS icon
100
Keysight
KEYS
$58.3B
$29.6M 0.18%
176,831
-27,100
-13% -$4.21M
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
AM
AGF Management Toronto, Ontario, Canada $22.3B AUM 46.42% 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

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.