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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
SCHW
126
Charles Schwab
SCHW
$187B
$23.2M 0.14%
408,666
-10,200
-2% -$534K
ZTS icon
127
Zoetis
ZTS
$30B
$22.8M 0.14%
132,264
-1,700
-1% -$294K
F icon
128
Ford
F
$55.7B
$22.2M 0.14%
1,464,879
-19,800
-1% -$250K
ETN icon
129
Eaton
ETN
$174B
$22M 0.14%
109,556
+300
+0.3% +$52.8K
TMUS icon
130
T-Mobile US
TMUS
$190B
$22M 0.14%
158,341
-4,300
-3% -$603K
REGN icon
131
Regeneron Pharmaceuticals
REGN
$80.8B
$22M 0.14%
30,597
-300
-1% -$231K
CB icon
132
Chubb
CB
$135B
$21.9M 0.14%
113,887
-100
-0.1% -$19.6K
FOUR icon
133
Shift4
FOUR
$3.26B
$21.6M 0.13%
318,400
– –
FISV
134
Fiserv Inc
FISV
$27.9B
$21.4M 0.13%
169,734
-31,572
-16% -$3.72M
BSX icon
135
Boston Scientific
BSX
$71.5B
$21.4M 0.13%
395,308
+2,000
+0.5% +$104K
PGR icon
136
Progressive
PGR
$125B
$21.3M 0.13%
160,988
+400
+0.2% +$53.6K
GM icon
137
General Motors
GM
$76.8B
$21.3M 0.13%
552,008
+8,300
+2% +$287K
ITW icon
138
Illinois Tool Works
ITW
$84.5B
$21.2M 0.13%
84,636
-4,700
-5% -$1.1M
SO icon
139
Southern Company
SO
$107B
$21.1M 0.13%
299,823
+900
+0.3% +$64.5K
IDXX icon
140
Idexx Laboratories
IDXX
$46.2B
$20.8M 0.13%
41,455
-500
-1% -$240K
HXL icon
141
Hexcel
HXL
$7.82B
$20.7M 0.13%
272,797
-500
-0.2% -$35.6K
BDX icon
142
Becton Dickinson
BDX
$48.2B
$20.6M 0.13%
78,088
+100
+0.1% +$25.4K
CPRT icon
143
Copart
CPRT
$27.5B
$20.5M 0.13%
449,976
-8,200
-2% -$340K
PYPL icon
144
PayPal
PYPL
$50.5B
$20.5M 0.13%
306,792
-3,900
-1% -$266K
EQIX icon
145
Equinix
EQIX
$103B
$20.2M 0.12%
25,717
+300
+1% +$220K
AON icon
146
Aon
AON
$76B
$19.4M 0.12%
56,158
-200
-0.4% -$65K
SLB icon
147
SLB Ltd
SLB
$75B
$19.3M 0.12%
391,938
+1,900
+0.5% +$90.6K
CSX icon
148
CSX Corp
CSX
$93.1B
$19.1M 0.12%
559,084
-18,300
-3% -$579K
DUK icon
149
Duke Energy
DUK
$97.3B
$19M 0.12%
211,936
+500
+0.2% +$47.2K
CDNS icon
150
Cadence Design Systems
CDNS
$93.4B
$18.7M 0.12%
79,923
+400
+0.5% +$87.1K
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
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.