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
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
CVS icon
101
CVS Health
CVS
$122B
$29.2M 0.19%
392,977
-4,500
-1% -$377K
GE icon
102
GE Aerospace
GE
$380B
$28.6M 0.19%
374,849
-101,801
-21% -$6.81M
BKNG icon
103
Booking.com
BKNG
$160B
$28.3M 0.19%
266,475
+2,500
+0.9% +$243K
PLNT icon
104
Planet Fitness
PLNT
$3.7B
$28.2M 0.19%
363,600
+111,500
+44% +$8.91M
ADP icon
105
Automatic Data Processing
ADP
$109B
$27.5M 0.18%
123,303
+1,000
+0.8% +$226K
ADI icon
106
Analog Devices
ADI
$187B
$27.4M 0.18%
139,155
-600
-0.4% -$108K
ZM icon
107
Zoom
ZM
$31.4B
$27M 0.18%
366,066
+200,000
+120% +$14.4M
AXP icon
108
American Express
AXP
$229B
$27M 0.18%
163,477
+1,000
+0.6% +$166K
ICE icon
109
Intercontinental Exchange
ICE
$84.5B
$26.8M 0.18%
256,942
+1,600
+0.6% +$167K
MRSH
110
Marsh
MRSH
$91B
$26.6M 0.18%
159,975
+1,200
+0.8% +$200K
SYK icon
111
Stryker
SYK
$133B
$26.4M 0.17%
92,599
+1,100
+1% +$292K
TSM icon
112
TSMC
TSM
$2.17T
$26.2M 0.17%
281,600
+57,000
+25% +$5.12M
AMT icon
113
American Tower
AMT
$78.8B
$26.1M 0.17%
127,884
+1,300
+1% +$273K
MDLZ icon
114
Mondelez International
MDLZ
$78.5B
$26.1M 0.17%
374,370
+3,200
+0.9% +$212K
NOW icon
115
ServiceNow
NOW
$132B
$25.9M 0.17%
278,775
+4,500
+2% +$392K
REGN icon
116
Regeneron Pharmaceuticals
REGN
$83.2B
$25.4M 0.17%
30,897
+400
+1% +$302K
XLV icon
117
State Street Health Care Select Sector SPDR ETF
XLV
$44B
$25M 0.16%
192,788
-1,100
-0.6% -$144K
TJX icon
118
TJX Companies
TJX
$175B
$24.9M 0.16%
317,282
+1,700
+0.5% +$134K
MO icon
119
Altria Group
MO
$109B
$24.9M 0.16%
557,010
+3,300
+0.6% +$152K
CRWD icon
120
CrowdStrike
CRWD
$229B
$24.7M 0.16%
+720,800
New +$20.8M
MU icon
121
Micron Technology
MU
$972B
$24.7M 0.16%
409,814
+4,200
+1% +$246K
APH icon
122
Amphenol
APH
$207B
$24.2M 0.16%
592,474
+3,000
+0.5% +$118K
FOUR icon
123
Shift4
FOUR
$3.41B
$24.1M 0.16%
318,400
+129,400
+68% +$8.33M
PYPL icon
124
PayPal
PYPL
$50.5B
$23.6M 0.16%
310,692
+900
+0.3% +$69.3K
TMUS icon
125
T-Mobile US
TMUS
$191B
$23.6M 0.15%
162,641
+300
+0.2% +$43.5K
3 4
5
6 7

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
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
IC
IEQ Capital Foster City, California $21.5B AUM 75.26% 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.