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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
+9.1%
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
EL icon
201
Estee Lauder
EL
$32B
$13.1M 0.08%
66,638
-3,000
-4% -$636K
MELI icon
202
Mercado Libre
MELI
$92.3B
$13M 0.08%
11,000
– –
MAR icon
203
Marriott International
MAR
$92.3B
$13M 0.08%
70,936
-2,900
-4% -$503K
AJG icon
204
Arthur J. Gallagher & Co
AJG
$63.6B
$12.9M 0.08%
58,887
+600
+1% +$125K
KMB icon
205
Kimberly-Clark
KMB
$36.5B
$12.8M 0.08%
92,816
+100
+0.1% +$13.9K
CTAS icon
206
Cintas
CTAS
$81.3B
$12.8M 0.08%
102,972
-3,200
-3% -$375K
AZO icon
207
AutoZone
AZO
$51.1B
$12.7M 0.08%
5,106
– –
MNST icon
208
Monster Beverage
MNST
$88.5B
$12.7M 0.08%
221,616
-4,800
-2% -$273K
ECL icon
209
Ecolab
ECL
$79.9B
$12.7M 0.08%
68,140
+100
+0.1% +$17.2K
USB icon
210
US Bancorp
USB
$99.6B
$12.7M 0.08%
383,582
+1,000
+0.3% +$32.3K
SRE icon
211
Sempra
SRE
$54.8B
$12.6M 0.08%
173,120
+400
+0.2% +$30K
SSYS icon
212
Stratasys
SSYS
$774M
$12.4M 0.08%
697,503
– –
GIS icon
213
General Mills
GIS
$19.7B
$12.4M 0.08%
161,502
-400
-0.2% -$34.2K
ADSK icon
214
Autodesk
ADSK
$52.6B
$12.2M 0.08%
59,723
-300
-0.5% -$60K
SPG icon
215
Simon Property Group
SPG
$72.3B
$12.2M 0.08%
105,349
-1,500
-1% -$163K
TFC icon
216
Truist Financial
TFC
$64B
$12M 0.07%
396,643
+32,300
+9% +$1M
PSX icon
217
Phillips 66
PSX
$81.4B
$12M 0.07%
126,212
-1,800
-1% -$175K
TT icon
218
Trane Technologies
TT
$106B
$12M 0.07%
62,713
-200
-0.3% -$35.5K
AEP icon
219
American Electric Power
AEP
$68.4B
$11.9M 0.07%
141,558
+400
+0.3% +$35.3K
LEN icon
220
Lennar Class A
LEN
$21.2B
$11.9M 0.07%
98,254
-4,028
-4% -$440K
D icon
221
Dominion Energy
D
$59.3B
$11.9M 0.07%
229,867
+1,000
+0.4% +$54.4K
OXY icon
222
Occidental Petroleum
OXY
$55.9B
$11.6M 0.07%
197,539
-2,100
-1% -$126K
CNC icon
223
Centene
CNC
$32.5B
$11.6M 0.07%
171,827
+6,400
+4% +$427K
IQV icon
224
IQVIA
IQV
$39.3B
$11.5M 0.07%
50,994
– –
CARR icon
225
Carrier Global
CARR
$52.8B
$11.4M 0.07%
229,525
+400
+0.2% +$17.6K
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
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.