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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
C icon
101
Citigroup
C
$226B
$29.2M 0.18%
634,936
-800
-0.1% -$37.5K
XLV icon
102
State Street Health Care Select Sector SPDR ETF
XLV
$43.3B
$29.2M 0.18%
220,188
+27,400
+14% +$3.61M
ICE icon
103
Intercontinental Exchange
ICE
$84.4B
$29.1M 0.18%
257,442
+500
+0.2% +$54.1K
GILD icon
104
Gilead Sciences
GILD
$165B
$29.1M 0.18%
377,443
+5,200
+1% +$415K
ZM icon
105
Zoom
ZM
$30.6B
$28.9M 0.18%
426,166
+60,100
+16% +$4.02M
ADP icon
106
Automatic Data Processing
ADP
$108B
$28.6M 0.18%
130,003
+6,700
+5% +$1.44M
AXP icon
107
American Express
AXP
$230B
$28.5M 0.18%
163,477
– –
TSM icon
108
TSMC
TSM
$2.18T
$28.4M 0.18%
281,600
– –
SYK icon
109
Stryker
SYK
$130B
$28.3M 0.17%
92,899
+300
+0.3% +$86.7K
QUAL icon
110
iShares MSCI USA Quality Factor ETF
QUAL
$48.1B
$28M 0.17%
207,300
-215,000
-51% -$27.3M
MRSH
111
Marsh
MRSH
$91.5B
$27.4M 0.17%
145,875
-14,100
-9% -$2.5M
BKNG icon
112
Booking.com
BKNG
$161B
$27.4M 0.17%
253,975
-12,500
-5% -$1.32M
MDLZ icon
113
Mondelez International
MDLZ
$79.9B
$27.3M 0.17%
374,470
+100
+0% +$7.39K
ADI icon
114
Analog Devices
ADI
$190B
$27.1M 0.17%
139,055
-100
-0.1% -$18.5K
TJX icon
115
TJX Companies
TJX
$178B
$26.8M 0.17%
316,582
-700
-0.2% -$55.2K
CI icon
116
Cigna
CI
$74.6B
$26.1M 0.16%
92,841
+2,900
+3% +$755K
APH icon
117
Amphenol
APH
$209B
$26M 0.16%
611,674
+19,200
+3% +$746K
PLNT icon
118
Planet Fitness
PLNT
$3.78B
$25.9M 0.16%
384,500
+20,900
+6% +$1.5M
VRTX icon
119
Vertex Pharmaceuticals
VRTX
$126B
$25.9M 0.16%
73,523
-300
-0.4% -$101K
EW icon
120
Edwards Lifesciences
EW
$51.7B
$25.8M 0.16%
273,851
-3,700
-1% -$322K
LRCX icon
121
Lam Research
LRCX
$390B
$25.8M 0.16%
400,800
+2,000
+0.5% +$113K
MU icon
122
Micron Technology
MU
$991B
$25.5M 0.16%
404,414
-5,400
-1% -$347K
MO icon
123
Altria Group
MO
$114B
$25.3M 0.16%
557,710
+700
+0.1% +$31.7K
AMT icon
124
American Tower
AMT
$80.4B
$24.9M 0.15%
128,184
+300
+0.2% +$58.7K
ANET icon
125
Arista Networks
ANET
$238B
$23.7M 0.15%
584,756
-807,200
-58% -$31.2M
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
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.