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
-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
TJX icon
101
TJX Companies
TJX
$178B
$28M 0.18%
315,082
-1,500
-0.5% -$132K
GILD icon
102
Gilead Sciences
GILD
$165B
$27.8M 0.18%
370,643
-6,800
-2% -$523K
LMT icon
103
Lockheed Martin
LMT
$136B
$27.6M 0.18%
67,418
-2,100
-3% -$932K
GLOB icon
104
Globant
GLOB
$1.61B
$27.3M 0.18%
+138,200
New +$25.9M
MRSH
105
Marsh
MRSH
$91.5B
$27.3M 0.18%
143,275
-2,600
-2% -$498K
VLUE icon
106
iShares MSCI USA Value Factor ETF
VLUE
$9.47B
$26.7M 0.17%
294,800
-87,650
-23% -$8.26M
MU icon
107
Micron Technology
MU
$991B
$26.4M 0.17%
387,514
-16,900
-4% -$1.13M
BLK icon
108
Blackrock
BLK
$176B
$26.4M 0.17%
40,771
-3,200
-7% -$2.24M
CI icon
109
Cigna
CI
$74.6B
$26M 0.17%
90,741
-2,100
-2% -$599K
MDLZ icon
110
Mondelez International
MDLZ
$79.9B
$25.9M 0.17%
372,970
-1,500
-0.4% -$108K
QUAL icon
111
iShares MSCI USA Quality Factor ETF
QUAL
$48.1B
$25.7M 0.17%
195,150
-12,150
-6% -$1.66M
APH icon
112
Amphenol
APH
$209B
$25.5M 0.17%
607,674
-4,000
-0.7% -$172K
VRTX icon
113
Vertex Pharmaceuticals
VRTX
$126B
$25.4M 0.16%
72,923
-600
-0.8% -$210K
SYK icon
114
Stryker
SYK
$130B
$25.3M 0.16%
92,699
-200
-0.2% -$57.4K
C icon
115
Citigroup
C
$226B
$25.2M 0.16%
611,936
-23,000
-4% -$1.01M
REGN icon
116
Regeneron Pharmaceuticals
REGN
$80.8B
$24.7M 0.16%
29,997
-600
-2% -$472K
TSM icon
117
TSMC
TSM
$2.18T
$24.5M 0.16%
281,600
– –
LRCX icon
118
Lam Research
LRCX
$390B
$24.4M 0.16%
389,800
-11,000
-3% -$723K
ADI icon
119
Analog Devices
ADI
$190B
$24.1M 0.16%
137,455
-1,600
-1% -$295K
AXP icon
120
American Express
AXP
$230B
$23.8M 0.15%
159,477
-4,000
-2% -$654K
CB icon
121
Chubb
CB
$135B
$23.4M 0.15%
112,587
-1,300
-1% -$263K
ETN icon
122
Eaton
ETN
$174B
$23.3M 0.15%
109,356
-200
-0.2% -$43.1K
MRNA icon
123
Moderna
MRNA
$23.6B
$23.1M 0.15%
223,961
+133,820
+148% +$14.9M
MO icon
124
Altria Group
MO
$114B
$22.8M 0.15%
542,910
-14,800
-3% -$654K
SLB icon
125
SLB Ltd
SLB
$75B
$22.7M 0.15%
389,638
-2,300
-0.6% -$133K
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 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.