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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
F icon
151
Ford
F
$55.7B
$17.4M 0.11%
1,401,779
-63,100
-4% -$819K
APD icon
152
Air Products & Chemicals
APD
$67.6B
$17.3M 0.11%
60,921
-200
-0.3% -$58.7K
KLAC icon
153
KLA
KLAC
$259B
$17.2M 0.11%
374,680
-3,000
-0.8% -$144K
NOC icon
154
Northrop Grumman
NOC
$81.2B
$17.2M 0.11%
39,018
-200
-0.5% -$87.8K
GM icon
155
General Motors
GM
$76.8B
$17.2M 0.11%
520,408
-31,600
-6% -$1.12M
ICLR icon
156
Icon
ICLR
$12.7B
$17.2M 0.11%
69,670
– –
SPOT icon
157
Spotify
SPOT
$100B
$17M 0.11%
110,031
– –
CSX icon
158
CSX Corp
CSX
$93.1B
$16.9M 0.11%
549,984
-9,100
-2% -$288K
MPC icon
159
Marathon Petroleum
MPC
$83.7B
$16.6M 0.11%
109,610
-7,100
-6% -$990K
SHW icon
160
Sherwin-Williams
SHW
$89.8B
$16.5M 0.11%
64,856
+300
+0.5% +$80.3K
HUM icon
161
Humana
HUM
$46.2B
$16.5M 0.11%
33,925
-400
-1% -$188K
BABA icon
162
Alibaba
BABA
$308B
$16.4M 0.11%
189,250
– –
NXPI icon
163
NXP Semiconductors
NXPI
$60.4B
$16.2M 0.1%
80,868
-2,600
-3% -$538K
CL icon
164
Colgate-Palmolive
CL
$74.4B
$16.1M 0.1%
226,629
-1,500
-0.7% -$112K
ABNB icon
165
Airbnb
ABNB
$107B
$16M 0.1%
+116,900
New +$16.1M
ODFL icon
166
Old Dominion Freight Line
ODFL
$44.9B
$15.9M 0.1%
77,788
-14,000
-15% -$2.83M
WM icon
167
Waste Management
WM
$91B
$15.4M 0.1%
101,088
-700
-0.7% -$113K
VLO icon
168
Valero Energy
VLO
$85.9B
$15.3M 0.1%
108,162
-4,700
-4% -$616K
MMM icon
169
3M
MMM
$94.3B
$15.1M 0.1%
193,399
-3,588
-2% -$308K
EMR icon
170
Emerson Electric
EMR
$88.3B
$15.1M 0.1%
156,620
-500
-0.3% -$47.6K
ORLY icon
171
O'Reilly Automotive
ORLY
$76.3B
$15.1M 0.1%
248,445
-3,000
-1% -$188K
FAST icon
172
Fastenal
FAST
$59.5B
$14.8M 0.1%
541,756
-6,400
-1% -$182K
PSX icon
173
Phillips 66
PSX
$81.4B
$14.7M 0.09%
122,112
-4,100
-3% -$460K
PXD
174
DELISTED
Pioneer Natural Resource Co.
PXD
$14.7M 0.09%
63,877
-400
-0.6% -$91K
FCX icon
175
Freeport-McMoran
FCX
$97.5B
$14.7M 0.09%
393,033
-1,100
-0.3% -$44.3K
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 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.