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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
+9.66%
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
VRTX icon
126
Vertex Pharmaceuticals
VRTX
$133B
$23.3M 0.15%
73,823
+900
+1% +$270K
CI icon
127
Cigna
CI
$73.6B
$23M 0.15%
89,941
-1,100
-1% -$321K
PGR icon
128
Progressive
PGR
$124B
$23M 0.15%
160,588
+1,600
+1% +$221K
EW icon
129
Edwards Lifesciences
EW
$53B
$23M 0.15%
277,551
+1,700
+0.6% +$134K
FISV
130
Fiserv Inc
FISV
$27.8B
$22.8M 0.15%
201,306
+1,800
+0.9% +$198K
TGT icon
131
Target
TGT
$69B
$22.6M 0.15%
136,658
+1,300
+1% +$214K
EOG icon
132
EOG Resources
EOG
$74.6B
$22.6M 0.15%
197,430
+1,700
+0.9% +$206K
ZTS icon
133
Zoetis
ZTS
$30.9B
$22.3M 0.15%
133,964
+1,300
+1% +$213K
CB icon
134
Chubb
CB
$134B
$22.1M 0.15%
113,987
+1,200
+1% +$252K
SCHW
135
Charles Schwab
SCHW
$188B
$21.9M 0.14%
418,866
+4,300
+1% +$315K
ITW icon
136
Illinois Tool Works
ITW
$83.9B
$21.7M 0.14%
89,336
+200
+0.2% +$46.7K
MBB icon
137
iShares MBS ETF
MBB
$38.9B
$21.4M 0.14%
225,800
– –
LRCX icon
138
Lam Research
LRCX
$383B
$21.1M 0.14%
398,800
– –
IDXX icon
139
Idexx Laboratories
IDXX
$46.9B
$21M 0.14%
41,955
+300
+0.7% +$144K
SO icon
140
Southern Company
SO
$105B
$20.8M 0.14%
298,923
+3,000
+1% +$202K
XLE icon
141
State Street Energy Select Sector SPDR ETF
XLE
$39.3B
$20.7M 0.14%
500,000
– –
MPC icon
142
Marathon Petroleum
MPC
$90B
$20.5M 0.13%
151,726
-2,700
-2% -$338K
DUK icon
143
Duke Energy
DUK
$94.5B
$20.4M 0.13%
211,436
+2,200
+1% +$217K
GM icon
144
General Motors
GM
$77.2B
$19.9M 0.13%
543,708
-3,200
-0.6% -$121K
BSX icon
145
Boston Scientific
BSX
$73.1B
$19.7M 0.13%
393,308
+4,000
+1% +$189K
BABA icon
146
Alibaba
BABA
$317B
$19.3M 0.13%
189,250
– –
BDX icon
147
Becton Dickinson
BDX
$48.9B
$19.3M 0.13%
77,988
+500
+0.6% +$122K
SLB icon
148
SLB Ltd
SLB
$78.9B
$19.2M 0.13%
390,038
+4,700
+1% +$250K
CME icon
149
CME Group
CME
$94.8B
$18.9M 0.12%
98,744
+1,000
+1% +$181K
ETN icon
150
Eaton
ETN
$173B
$18.7M 0.12%
109,256
+1,200
+1% +$200K
4 5
6
7 8

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.