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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
Cap. Flow
-$126M
Cap. Flow %
-0.82%
Top 10 Hldgs %
33.75%
Holding
989
New
20
Increased
99
Reduced
774
Closed
25

Top Buys

Rank Stock Value
1
T icon
AT&T
T
+$60.1M
2
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$39.9M
3
META icon
Meta Platforms (Facebook)
META
+$28.3M
4
XLE icon
State Street Energy Select Sector SPDR ETF
XLE
+$28M
5
GLOB icon
Globant
GLOB
+$25.9M

Top Sells

Rank Stock Value
1
APO icon
Apollo Global Management
APO
+$49.8M
2
MTUM icon
iShares MSCI USA Momentum Factor ETF
MTUM
+$48.1M
3
FTNT icon
Fortinet
FTNT
+$38.4M
4
HSY icon
Hershey
HSY
+$32.4M
5
AAPL icon
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
QCOM icon
76
Qualcomm
QCOM
$173B
$36.2M 0.23%
326,266
-5,400
-2% -$626K
GE icon
77
GE Aerospace
GE
$383B
$35.1M 0.23%
397,528
-5,764
-1% -$518K
CMG icon
78
Chipotle Mexican Grill
CMG
$41.5B
$34.1M 0.22%
929,900
+40,000
+4% +$1.56M
UNP icon
79
Union Pacific
UNP
$174B
$34M 0.22%
167,045
-600
-0.4% -$131K
HON icon
80
Honeywell
HON
$77.5B
$33.6M 0.22%
193,118
-1,061
-0.5% -$194K
LOW icon
81
Lowe's Companies
LOW
$123B
$33.4M 0.22%
160,670
-3,300
-2% -$742K
SPGI icon
82
S&P Global
SPGI
$121B
$32.6M 0.21%
89,253
-900
-1% -$354K
NEE icon
83
NextEra Energy
NEE
$176B
$31.8M 0.21%
554,798
-1,600
-0.3% -$111K
GS icon
84
Goldman Sachs
GS
$302B
$31.6M 0.2%
97,673
-2,400
-2% -$802K
NOW icon
85
ServiceNow
NOW
$130B
$31.3M 0.2%
279,775
-500
-0.2% -$57K
RTX icon
86
RTX Corp
RTX
$305B
$31M 0.2%
430,832
-8,700
-2% -$745K
UPS icon
87
United Parcel Service
UPS
$88.5B
$30.9M 0.2%
198,314
-1,000
-0.5% -$173K
ADP icon
88
Automatic Data Processing
ADP
$108B
$30.3M 0.2%
126,103
-3,900
-3% -$951K
ELV icon
89
Elevance Health
ELV
$86.1B
$30.2M 0.2%
69,451
-1,500
-2% -$680K
BKNG icon
90
Booking.com
BKNG
$158B
$30.1M 0.19%
243,975
-10,000
-4% -$1.21M
PLD icon
91
Prologis
PLD
$131B
$29.9M 0.19%
266,118
-3,900
-1% -$477K
BA icon
92
Boeing
BA
$187B
$29.8M 0.19%
155,396
-100
-0.1% -$21.9K
XLV icon
93
State Street Health Care Select Sector SPDR ETF
XLV
$43.8B
$29.1M 0.19%
226,088
+5,900
+3% +$783K
ZM icon
94
Zoom
ZM
$31.1B
$28.8M 0.19%
412,166
-14,000
-3% -$972K
SBUX icon
95
Starbucks
SBUX
$120B
$28.7M 0.19%
313,959
-1,300
-0.4% -$128K
ICE icon
96
Intercontinental Exchange
ICE
$85.2B
$28.7M 0.19%
260,442
+3,000
+1% +$344K
MDT icon
97
Medtronic
MDT
$113B
$28.6M 0.19%
364,898
-900
-0.2% -$75.3K
MS icon
98
Morgan Stanley
MS
$341B
$28.6M 0.18%
349,726
-8,500
-2% -$738K
XHB icon
99
State Street SPDR S&P Homebuilders ETF
XHB
$1.58B
$28.3M 0.18%
370,000
+140,000
+61% +$11.4M
DE icon
100
Deere & Co
DE
$166B
$28.2M 0.18%
74,757
+600
+0.8% +$247K
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 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.