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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
ROP icon
201
Roper Technologies
ROP
$40.1B
$12.8M 0.08%
29,111
+300
+1% +$130K
D icon
202
Dominion Energy
D
$59B
$12.8M 0.08%
228,867
+2,400
+1% +$140K
MCHP icon
203
Microchip Technology
MCHP
$44.3B
$12.6M 0.08%
150,418
+900
+0.6% +$71.8K
JCI icon
204
Johnson Controls International
JCI
$91.8B
$12.6M 0.08%
208,842
+1,600
+0.8% +$102K
AZO icon
205
AutoZone
AZO
$50.2B
$12.6M 0.08%
5,106
-100
-2% -$244K
ADSK icon
206
Autodesk
ADSK
$54.3B
$12.5M 0.08%
60,023
+600
+1% +$124K
OXY icon
207
Occidental Petroleum
OXY
$58.5B
$12.5M 0.08%
199,639
+2,000
+1% +$124K
KMB icon
208
Kimberly-Clark
KMB
$36.1B
$12.4M 0.08%
92,716
+1,000
+1% +$130K
TFC icon
209
Truist Financial
TFC
$63.5B
$12.4M 0.08%
364,343
+3,800
+1% +$166K
DXCM icon
210
DexCom
DXCM
$33.2B
$12.3M 0.08%
106,100
+1,100
+1% +$123K
CTAS icon
211
Cintas
CTAS
$80.8B
$12.3M 0.08%
106,172
+1,200
+1% +$132K
MAR icon
212
Marriott International
MAR
$90B
$12.3M 0.08%
73,836
+700
+1% +$117K
MNST icon
213
Monster Beverage
MNST
$90B
$12.2M 0.08%
226,416
+2,000
+0.9% +$103K
PCAR icon
214
PACCAR
PCAR
$68.6B
$12M 0.08%
163,866
+1,549
+1% +$111K
SPG icon
215
Simon Property Group
SPG
$71.1B
$12M 0.08%
106,849
+1,000
+0.9% +$119K
WBD icon
216
Warner Bros
WBD
$67.6B
$12M 0.08%
791,525
-5,001,381
-86% -$71.2M
DHI icon
217
D.R. Horton
DHI
$40.9B
$11.9M 0.08%
122,299
+800
+0.7% +$76.3K
PH icon
218
Parker-Hannifin
PH
$134B
$11.8M 0.08%
35,196
+300
+0.9% +$99.3K
BIIB icon
219
Biogen
BIIB
$30.7B
$11.8M 0.08%
42,461
+400
+1% +$111K
CTVA icon
220
Corteva
CTVA
$51.2B
$11.8M 0.08%
195,710
+1,500
+0.8% +$91.6K
AMP icon
221
Ameriprise Financial
AMP
$49.4B
$11.7M 0.08%
38,278
– –
A icon
222
Agilent Technologies
A
$41.8B
$11.7M 0.08%
84,781
+800
+1% +$117K
COF icon
223
Capital One
COF
$134B
$11.6M 0.08%
120,956
+900
+0.7% +$94.2K
AIG icon
224
American International
AIG
$40.7B
$11.6M 0.08%
230,567
+2,100
+0.9% +$123K
TT icon
225
Trane Technologies
TT
$105B
$11.6M 0.08%
62,913
+300
+0.5% +$54.5K
7 8
9
10 11

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.