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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
-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
ZTS icon
126
Zoetis
ZTS
$30.3B
$22.7M 0.15%
130,364
-1,900
-1% -$345K
SCHW
127
Charles Schwab
SCHW
$189B
$22.4M 0.14%
407,666
-1,000
-0.2% -$60.4K
PGR icon
128
Progressive
PGR
$125B
$22.4M 0.14%
160,488
-500
-0.3% -$65.8K
BSX icon
129
Boston Scientific
BSX
$73.4B
$21.2M 0.14%
401,408
+6,100
+2% +$320K
AMT icon
130
American Tower
AMT
$78.9B
$21M 0.14%
127,784
-400
-0.3% -$73.1K
BX icon
131
Blackstone
BX
$111B
$20.8M 0.13%
+194,600
New +$20.3M
BDX icon
132
Becton Dickinson
BDX
$48.5B
$20.6M 0.13%
79,488
+1,400
+2% +$378K
EOG icon
133
EOG Resources
EOG
$73.7B
$20.2M 0.13%
159,652
-1,200
-0.7% -$153K
TMUS icon
134
T-Mobile US
TMUS
$188B
$19.9M 0.13%
141,941
-16,400
-10% -$2.27M
CME icon
135
CME Group
CME
$95.9B
$19.8M 0.13%
98,644
-300
-0.3% -$59.6K
CPRT icon
136
Copart
CPRT
$27.3B
$19.3M 0.13%
448,976
-1,000
-0.2% -$44.5K
SO icon
137
Southern Company
SO
$105B
$19.3M 0.13%
298,923
-900
-0.3% -$62.5K
FDX icon
138
FedEx
FDX
$77B
$19.3M 0.12%
72,667
-1,900
-3% -$494K
SNPS icon
139
Synopsys
SNPS
$80.2B
$19.2M 0.12%
41,727
-200
-0.5% -$89.5K
ATVI
140
DELISTED
Activision Blizzard
ATVI
$19.1M 0.12%
203,821
-2,400
-1% -$219K
ITW icon
141
Illinois Tool Works
ITW
$84.1B
$18.9M 0.12%
82,236
-2,400
-3% -$586K
FISV
142
Fiserv Inc
FISV
$27.6B
$18.9M 0.12%
167,134
-2,600
-2% -$320K
EW icon
143
Edwards Lifesciences
EW
$53.1B
$18.9M 0.12%
272,451
-1,400
-0.5% -$113K
DUK icon
144
Duke Energy
DUK
$95.1B
$18.6M 0.12%
211,236
-700
-0.3% -$64.2K
EQIX icon
145
Equinix
EQIX
$102B
$18.6M 0.12%
25,617
-100
-0.4% -$77.4K
CDNS icon
146
Cadence Design Systems
CDNS
$93.2B
$18.4M 0.12%
78,423
-1,500
-2% -$351K
AON icon
147
Aon
AON
$75.9B
$18M 0.12%
55,658
-500
-0.9% -$165K
IDXX icon
148
Idexx Laboratories
IDXX
$47.1B
$18M 0.12%
41,255
-200
-0.5% -$99.7K
FOUR icon
149
Shift4
FOUR
$3.23B
$17.6M 0.11%
318,400
– –
PYPL icon
150
PayPal
PYPL
$50.2B
$17.6M 0.11%
300,992
-5,800
-2% -$378K
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
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
CHP
Castle Hook Partners New York $23.4B AUM 158.96% 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.