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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
FDX icon
151
FedEx
FDX
$75.4B
$18.5M 0.11%
74,567
-4,400
-6% -$1.01M
XHB icon
152
State Street SPDR S&P Homebuilders ETF
XHB
$1.62B
$18.5M 0.11%
+230,000
New +$16.5M
EOG icon
153
EOG Resources
EOG
$70.7B
$18.4M 0.11%
160,852
-36,578
-19% -$4.18M
CME icon
154
CME Group
CME
$94.8B
$18.3M 0.11%
98,944
+200
+0.2% +$37K
KLAC icon
155
KLA
KLAC
$259B
$18.3M 0.11%
377,680
-3,000
-0.8% -$125K
APD icon
156
Air Products & Chemicals
APD
$67.6B
$18.3M 0.11%
61,121
+100
+0.2% +$28.5K
SNPS icon
157
Synopsys
SNPS
$79.7B
$18.3M 0.11%
41,927
+100
+0.2% +$40.3K
NOC icon
158
Northrop Grumman
NOC
$81.2B
$17.9M 0.11%
39,218
-300
-0.8% -$136K
SPOT icon
159
Spotify
SPOT
$100B
$17.7M 0.11%
110,031
– –
WM icon
160
Waste Management
WM
$91B
$17.7M 0.11%
101,788
-200
-0.2% -$33.1K
CL icon
161
Colgate-Palmolive
CL
$74.4B
$17.6M 0.11%
228,129
-1,200
-0.5% -$92.9K
ICLR icon
162
Icon
ICLR
$12.7B
$17.4M 0.11%
69,670
– –
ATVI
163
DELISTED
Activision Blizzard
ATVI
$17.4M 0.11%
206,221
-300
-0.1% -$24.3K
HCA icon
164
HCA Healthcare
HCA
$89.5B
$17.2M 0.11%
56,709
-1,500
-3% -$417K
SHW icon
165
Sherwin-Williams
SHW
$89.8B
$17.1M 0.11%
64,556
-200
-0.3% -$47.1K
NXPI icon
166
NXP Semiconductors
NXPI
$60.4B
$17.1M 0.11%
83,468
+2,500
+3% +$444K
ODFL icon
167
Old Dominion Freight Line
ODFL
$44.9B
$17M 0.1%
91,788
-1,600
-2% -$259K
TGT icon
168
Target
TGT
$68B
$16.7M 0.1%
126,922
-9,736
-7% -$1.44M
MMM icon
169
3M
MMM
$94.3B
$16.5M 0.1%
196,987
-3,469
-2% -$295K
MCO icon
170
Moody's
MCO
$82.7B
$16.2M 0.1%
46,506
-6,700
-13% -$2.12M
FAST icon
171
Fastenal
FAST
$59.5B
$16.2M 0.1%
548,156
-11,000
-2% -$301K
ORLY icon
172
O'Reilly Automotive
ORLY
$76.3B
$16M 0.1%
251,445
-6,000
-2% -$366K
BABA icon
173
Alibaba
BABA
$308B
$15.8M 0.1%
189,250
– –
FCX icon
174
Freeport-McMoran
FCX
$97.5B
$15.8M 0.1%
394,133
+1,600
+0.4% +$61K
HUM icon
175
Humana
HUM
$46.2B
$15.3M 0.09%
34,325
– –
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 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.