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
-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
FDS icon
176
Factset
FDS
$10.2B
$14.5M 0.09%
33,135
-100
-0.3% -$42.6K
MCO icon
177
Moody's
MCO
$82.7B
$14.5M 0.09%
45,806
-700
-2% -$238K
ROP icon
178
Roper Technologies
ROP
$39.8B
$14.1M 0.09%
29,211
-100
-0.3% -$49K
USB icon
179
US Bancorp
USB
$99.6B
$14.1M 0.09%
426,782
+43,200
+11% +$1.57M
TGT icon
180
Target
TGT
$68B
$14M 0.09%
126,522
-400
-0.3% -$50.8K
MELI icon
181
Mercado Libre
MELI
$92.3B
$13.9M 0.09%
11,000
– –
GD icon
182
General Dynamics
GD
$106B
$13.7M 0.09%
62,112
+300
+0.5% +$66.4K
PH icon
183
Parker-Hannifin
PH
$135B
$13.7M 0.09%
35,196
-100
-0.3% -$40.2K
HCA icon
184
HCA Healthcare
HCA
$89.5B
$13.6M 0.09%
55,209
-1,500
-3% -$410K
MAR icon
185
Marriott International
MAR
$92.3B
$13.5M 0.09%
68,636
-2,300
-3% -$457K
AJG icon
186
Arthur J. Gallagher & Co
AJG
$63.6B
$13.5M 0.09%
59,087
+200
+0.3% +$44.8K
PNC icon
187
PNC Financial Services
PNC
$101B
$13.4M 0.09%
109,156
-600
-0.5% -$75.5K
PCAR icon
188
PACCAR
PCAR
$70.1B
$13.4M 0.09%
157,066
-3,000
-2% -$255K
ANET icon
189
Arista Networks
ANET
$238B
$13.3M 0.09%
289,556
-295,200
-50% -$13.2M
ADM icon
190
Archer Daniels Midland
ADM
$36.9B
$13.3M 0.09%
176,441
-8,600
-5% -$697K
TLT icon
191
iShares 20+ Year Treasury Bond ETF
TLT
$40.9B
$13.3M 0.09%
150,000
-150,000
-50% -$14.4M
AIG icon
192
American International
AIG
$41.3B
$13.3M 0.09%
219,067
-8,400
-4% -$502K
KR icon
193
Kroger
KR
$34.8B
$13.1M 0.08%
292,487
+75,600
+35% +$3.56M
NUE icon
194
Nucor
NUE
$62.1B
$13M 0.08%
83,110
-4,200
-5% -$695K
AZO icon
195
AutoZone
AZO
$51.1B
$12.7M 0.08%
5,006
-100
-2% -$251K
TT icon
196
Trane Technologies
TT
$106B
$12.7M 0.08%
62,613
-100
-0.2% -$20K
CARR icon
197
Carrier Global
CARR
$52.8B
$12.7M 0.08%
229,625
+100
+0% +$5.5K
ON icon
198
ON Semiconductor
ON
$31.6B
$12.6M 0.08%
135,636
-3,700
-3% -$359K
PSA icon
199
Public Storage
PSA
$61.3B
$12.6M 0.08%
47,821
-1,200
-2% -$336K
MSI icon
200
Motorola Solutions
MSI
$77.4B
$12.5M 0.08%
45,808
-300
-0.7% -$85.4K
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 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.