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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
NXPI icon
176
NXP Semiconductors
NXPI
$59.3B
$15.1M 0.1%
80,968
+800
+1% +$143K
FAST icon
177
Fastenal
FAST
$59.7B
$15.1M 0.1%
559,156
+2,200
+0.4% +$56.4K
ICLR icon
178
Icon
ICLR
$12.8B
$14.9M 0.1%
69,670
– –
SPOT icon
179
Spotify
SPOT
$106B
$14.7M 0.1%
110,031
– –
ORLY icon
180
O'Reilly Automotive
ORLY
$75.3B
$14.6M 0.1%
257,445
+3,000
+1% +$164K
SHW icon
181
Sherwin-Williams
SHW
$88.3B
$14.6M 0.1%
64,756
+700
+1% +$160K
MELI icon
182
Mercado Libre
MELI
$92.4B
$14.5M 0.1%
11,000
– –
PSA icon
183
Public Storage
PSA
$60.2B
$14.2M 0.09%
47,121
+400
+0.9% +$118K
GD icon
184
General Dynamics
GD
$107B
$14.1M 0.09%
61,812
+600
+1% +$139K
PNC icon
185
PNC Financial Services
PNC
$100B
$14M 0.09%
110,156
+500
+0.5% +$75.4K
ADM icon
186
Archer Daniels Midland
ADM
$38.4B
$13.9M 0.09%
175,041
+900
+0.5% +$73.5K
GIS icon
187
General Mills
GIS
$19.8B
$13.8M 0.09%
161,902
+600
+0.4% +$47.9K
FDS icon
188
Factset
FDS
$10.2B
$13.8M 0.09%
33,235
+200
+0.6% +$83.3K
USB icon
189
US Bancorp
USB
$99.8B
$13.8M 0.09%
382,582
+15,100
+4% +$673K
NUE icon
190
Nucor
NUE
$62.8B
$13.7M 0.09%
88,810
-200
-0.2% -$31.8K
EMR icon
191
Emerson Electric
EMR
$88.9B
$13.7M 0.09%
156,920
-3,800
-2% -$332K
PXD
192
DELISTED
Pioneer Natural Resource Co.
PXD
$13.3M 0.09%
65,277
+700
+1% +$150K
NSC icon
193
Norfolk Southern
NSC
$75.4B
$13.3M 0.09%
62,590
-300
-0.5% -$69.4K
MSI icon
194
Motorola Solutions
MSI
$75.8B
$13.1M 0.09%
45,908
+500
+1% +$132K
SRE icon
195
Sempra
SRE
$55.3B
$13.1M 0.09%
172,720
+1,800
+1% +$138K
PSX icon
196
Phillips 66
PSX
$84.6B
$13M 0.09%
128,012
-400
-0.3% -$40.7K
TEL icon
197
TE Connectivity
TEL
$62.7B
$13M 0.09%
98,823
+500
+0.5% +$63.3K
DG icon
198
Dollar General
DG
$27.3B
$12.9M 0.08%
61,354
– –
DAVA icon
199
Endava
DAVA
$156M
$12.9M 0.08%
191,800
-64,000
-25% -$5.03M
AEP icon
200
American Electric Power
AEP
$66.7B
$12.8M 0.08%
141,158
+1,500
+1% +$137K
6 7
8
9 10

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 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.