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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
(+6.5%)
Cap. Flow
-$130M
Cap. Flow
% of AUM
-0.8%
Top 10 Holdings %
Top 10 Hldgs %
33.54%
Holding
990
New
22
Increased
267
Reduced
593
Closed
21
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$34.8M |
| 2 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$31.1M |
| 3 |
iShares MBS ETF
MBB
|
+$29.6M |
| 4 |
Microsoft
MSFT
|
+$28.5M |
| 5 |
AT&T
T
|
+$20.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$60.3M |
| 2 |
Globant
GLOB
|
+$33.7M |
| 3 |
EXAS
Exact Sciences
EXAS
|
+$31.6M |
| 4 |
Arista Networks
ANET
|
+$31.2M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
976
Fulton Financial
FULT
$4.64B
| – | – |
-42,346
| Closed | -$585K |
|
|
977
Globant
GLOB
$1.61B
| – | – |
-205,400
| Closed | -$33.7M |
|
978
Lumen
LUMN
$6.44B
| – | – |
-98,004
| Closed | -$260K |
|
979
Macerich
MAC
$6.92B
| – | – |
-54,379
| Closed | -$576K |
|
980
Navient
NAVI
$853M
| – | – |
-25,571
| Closed | -$409K |
|
981
Ingevity
NGVT
$2.68B
| – | – |
-8,873
| Closed | -$635K |
|
982
SiTime
SITM
$21.8B
| – | – |
-4,100
| Closed | -$583K |
|
|
VSXY
983
Victoria's Secret
VSXY
$7.83B
| – | – |
-20,382
| Closed | -$696K |
|
984
John Wiley & Sons Class A
WLY
$2.66B
| – | – |
-10,852
| Closed | -$421K |
|
|
WNS
985
DELISTED
WNS Holdings
WNS
| – | – |
-121,900
| Closed | -$11.4M |
|
|
PACW
986
DELISTED
PacWest Bancorp
PACW
| – | – |
-29,749
| Closed | -$289K |
|
|
VMW
987
DELISTED
VMware, Inc
VMW
| – | – |
-6,100
| Closed | -$762K |
|
|
FRC
988
DELISTED
First Republic Bank
FRC
| – | – |
-51,023
| Closed | -$714K |
|
|
RUBY
989
DELISTED
Rubius Therapeutics, Inc
RUBY
| – | – |
-640,000
| Closed | -$13.6K |
|
|
DISH
990
DELISTED
DISH Network Corp.
DISH
| – | – |
-89,513
| Closed | -$835K |
|
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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.