We are live on
!
Find out more
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
(+6%)
Cap. Flow
-$148M
Cap. Flow
% of AUM
-0.97%
Top 10 Holdings %
Top 10 Hldgs %
31.98%
Holding
987
New
20
Increased
448
Reduced
393
Closed
19
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apollo Global Management
APO
|
+$65.3M |
| 2 |
CrowdStrike
CRWD
|
+$20.8M |
| 3 |
Hexcel
HXL
|
+$17.1M |
| 4 |
Zoom
ZM
|
+$14.4M |
| 5 |
iShares MSCI USA Momentum Factor ETF
MTUM
|
+$14.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$99.9M |
| 2 |
AT&T
T
|
+$92.3M |
| 3 |
Warner Bros
WBD
|
+$71.2M |
| 4 |
EPAM Systems
EPAM
|
+$39.8M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
976
Pebblebrook Hotel Trust
PEB
$2B
| – | – |
-33,151
| Closed | -$444K |
|
977
RXO
RXO
$3.52B
| – | – |
-29,042
| Closed | -$500K |
|
978
SL Green Realty
SLG
$3.9B
| – | – |
-16,173
| Closed | -$545K |
|
979
Tandem Diabetes Care
TNDM
$1.59B
| – | – |
-16,345
| Closed | -$735K |
|
980
Viasat
VSAT
$11.7B
| – | – |
-18,884
| Closed | -$598K |
|
981
WaFd
WAFD
$2.76B
| – | – |
-16,457
| Closed | -$552K |
|
|
IAA
982
DELISTED
IAA, Inc. Common Stock
IAA
| – | – |
-34,030
| Closed | -$1.36M |
|
|
UMPQ
983
DELISTED
Umpqua Holdings Corp
UMPQ
| – | – |
-55,290
| Closed | -$987K |
|
|
LHCG
984
DELISTED
LHC Group LLC
LHCG
| – | – |
-7,940
| Closed | -$1.28M |
|
|
STOR
985
DELISTED
STORE Capital Corporation
STOR
| – | – |
-67,696
| Closed | -$2.17M |
|
|
SIVB
986
DELISTED
SVB Financial Group
SIVB
| – | – |
-17,120
| Closed | -$3.94M |
|
|
SBNY
987
DELISTED
Signature Bank
SBNY
| – | – |
-17,125
| Closed | -$1.97M |
|
Similar funds
FAM
BA
CAM
DSA
CHP
IC
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.