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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
F icon
151
Ford
F
$55.4B
$18.7M 0.12%
1,484,679
+1,800
+0.1% +$22.5K
HXL icon
152
Hexcel
HXL
$7.76B
$18.7M 0.12%
273,297
+251,900
+1,177% +$17.1M
EQIX icon
153
Equinix
EQIX
$102B
$18.3M 0.12%
25,417
+300
+1% +$211K
NOC icon
154
Northrop Grumman
NOC
$81.8B
$18.2M 0.12%
39,518
+200
+0.5% +$92.8K
FDX icon
155
FedEx
FDX
$75.2B
$18M 0.12%
78,967
-1,300
-2% -$264K
AON icon
156
Aon
AON
$75.4B
$17.8M 0.12%
56,358
+100
+0.2% +$31K
ATVI
157
DELISTED
Activision Blizzard
ATVI
$17.7M 0.12%
206,521
+2,000
+1% +$155K
MMM icon
158
3M
MMM
$94.2B
$17.6M 0.12%
200,456
+1,196
+0.6% +$113K
VLO icon
159
Valero Energy
VLO
$88.7B
$17.6M 0.12%
126,062
+1,100
+0.9% +$148K
APD icon
160
Air Products & Chemicals
APD
$67.4B
$17.5M 0.12%
61,021
+700
+1% +$204K
CSX icon
161
CSX Corp
CSX
$93B
$17.3M 0.11%
577,384
+6,000
+1% +$184K
CL icon
162
Colgate-Palmolive
CL
$73.6B
$17.2M 0.11%
229,329
+2,300
+1% +$171K
CPRT icon
163
Copart
CPRT
$27.2B
$17.2M 0.11%
458,176
+2,400
+0.5% +$81.6K
EL icon
164
Estee Lauder
EL
$31.5B
$17.2M 0.11%
69,638
+800
+1% +$203K
CDNS icon
165
Cadence Design Systems
CDNS
$93.3B
$16.7M 0.11%
79,523
+800
+1% +$151K
HUM icon
166
Humana
HUM
$46.6B
$16.7M 0.11%
34,325
-100
-0.3% -$49.4K
WM icon
167
Waste Management
WM
$90.6B
$16.6M 0.11%
101,988
+500
+0.5% +$76.6K
MCO icon
168
Moody's
MCO
$82.7B
$16.3M 0.11%
53,206
+500
+0.9% +$151K
SNPS icon
169
Synopsys
SNPS
$79.9B
$16.2M 0.11%
41,827
+300
+0.7% +$107K
FCX icon
170
Freeport-McMoran
FCX
$97B
$16.1M 0.11%
392,533
+4,100
+1% +$171K
CCI icon
171
Crown Castle
CCI
$32B
$15.9M 0.1%
118,952
+1,300
+1% +$180K
ODFL icon
172
Old Dominion Freight Line
ODFL
$44.9B
$15.9M 0.1%
93,388
+600
+0.6% +$100K
HCA icon
173
HCA Healthcare
HCA
$89.6B
$15.3M 0.1%
58,209
+600
+1% +$152K
MRNA icon
174
Moderna
MRNA
$23.8B
$15.3M 0.1%
99,841
+900
+0.9% +$148K
KLAC icon
175
KLA
KLAC
$262B
$15.2M 0.1%
380,680
-4,000
-1% -$158K
5 6
7
8 9

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 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.