We are live on ! Find out more
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
DHI icon
176
D.R. Horton
DHI
$42.3B
$15.2M 0.09%
124,499
+2,200
+2% +$241K
NUE icon
177
Nucor
NUE
$62.1B
$14.3M 0.09%
87,310
-1,500
-2% -$219K
PSA icon
178
Public Storage
PSA
$61.3B
$14.3M 0.09%
49,021
+1,900
+4% +$554K
EMR icon
179
Emerson Electric
EMR
$88.3B
$14.2M 0.09%
157,120
+200
+0.1% +$16.8K
NSC icon
180
Norfolk Southern
NSC
$75.1B
$14.2M 0.09%
62,590
– –
ROP icon
181
Roper Technologies
ROP
$39.8B
$14.1M 0.09%
29,311
+200
+0.7% +$90.6K
TEL icon
182
TE Connectivity
TEL
$62.6B
$14.1M 0.09%
100,323
+1,500
+2% +$190K
JCI icon
183
Johnson Controls International
JCI
$92.2B
$14M 0.09%
205,342
-3,500
-2% -$215K
ADM icon
184
Archer Daniels Midland
ADM
$36.9B
$14M 0.09%
185,041
+10,000
+6% +$757K
PNC icon
185
PNC Financial Services
PNC
$101B
$13.8M 0.09%
109,756
-400
-0.4% -$48.9K
PH icon
186
Parker-Hannifin
PH
$135B
$13.8M 0.09%
35,296
+100
+0.3% +$33.8K
DXCM icon
187
DexCom
DXCM
$32B
$13.7M 0.08%
106,600
+500
+0.5% +$60.5K
MPC icon
188
Marathon Petroleum
MPC
$83.7B
$13.6M 0.08%
116,710
-35,016
-23% -$4.07M
CCI icon
189
Crown Castle
CCI
$32.2B
$13.6M 0.08%
119,252
+300
+0.3% +$35.7K
MSI icon
190
Motorola Solutions
MSI
$77.4B
$13.5M 0.08%
46,108
+200
+0.4% +$57.3K
MCHP icon
191
Microchip Technology
MCHP
$46B
$13.5M 0.08%
150,618
+200
+0.1% +$15.8K
CELH icon
192
Celsius Holdings
CELH
$7.03B
$13.4M 0.08%
270,000
-600
-0.2% -$23.9K
PCAR icon
193
PACCAR
PCAR
$70.1B
$13.4M 0.08%
160,066
-3,800
-2% -$281K
PXD
194
DELISTED
Pioneer Natural Resource Co.
PXD
$13.3M 0.08%
64,277
-1,000
-2% -$211K
FDS icon
195
Factset
FDS
$10.2B
$13.3M 0.08%
33,235
– –
GD icon
196
General Dynamics
GD
$106B
$13.3M 0.08%
61,812
– –
VLO icon
197
Valero Energy
VLO
$85.9B
$13.2M 0.08%
112,862
-13,200
-10% -$1.53M
COF icon
198
Capital One
COF
$134B
$13.2M 0.08%
120,656
-300
-0.2% -$30K
ON icon
199
ON Semiconductor
ON
$31.6B
$13.2M 0.08%
139,336
+2,900
+2% +$240K
AIG icon
200
American International
AIG
$41.3B
$13.1M 0.08%
227,467
-3,100
-1% -$166K
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
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.