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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
-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
DHI icon
201
D.R. Horton
DHI
$42.3B
$12.4M 0.08%
115,799
-8,700
-7% -$1.04M
CELH icon
202
Celsius Holdings
CELH
$7.03B
$12.3M 0.08%
215,400
-54,600
-20% -$3.07M
ADSK icon
203
Autodesk
ADSK
$52.6B
$12.3M 0.08%
59,423
-300
-0.5% -$63K
CHTR icon
204
Charter Communications
CHTR
$18.2B
$12.3M 0.08%
27,897
-700
-2% -$291K
NSC icon
205
Norfolk Southern
NSC
$75.1B
$12.2M 0.08%
62,190
-400
-0.6% -$86.5K
CTAS icon
206
Cintas
CTAS
$81.3B
$12.2M 0.08%
101,372
-1,600
-2% -$199K
TEL icon
207
TE Connectivity
TEL
$62.6B
$12M 0.08%
97,523
-2,800
-3% -$374K
MET icon
208
MetLife
MET
$62.1B
$11.9M 0.08%
189,456
-6,700
-3% -$417K
OXY icon
209
Occidental Petroleum
OXY
$55.9B
$11.8M 0.08%
181,939
-15,600
-8% -$982K
ECL icon
210
Ecolab
ECL
$79.9B
$11.8M 0.08%
69,540
+1,400
+2% +$255K
SRE icon
211
Sempra
SRE
$54.8B
$11.7M 0.08%
172,520
-600
-0.3% -$43.3K
WELL icon
212
Welltower
WELL
$171B
$11.6M 0.08%
142,209
+5,500
+4% +$452K
MCHP icon
213
Microchip Technology
MCHP
$46B
$11.6M 0.08%
149,218
-1,400
-0.9% -$117K
HES
214
DELISTED
Hess
HES
$11.6M 0.08%
75,741
-200
-0.3% -$30.1K
CNC icon
215
Centene
CNC
$32.5B
$11.4M 0.07%
166,127
-5,700
-3% -$379K
COF icon
216
Capital One
COF
$134B
$11.4M 0.07%
117,756
-2,900
-2% -$310K
AFL icon
217
Aflac
AFL
$62.6B
$11.4M 0.07%
148,207
-3,000
-2% -$223K
MNST icon
218
Monster Beverage
MNST
$88.5B
$11.3M 0.07%
213,216
-8,400
-4% -$477K
WMB icon
219
Williams Companies
WMB
$86.1B
$11.2M 0.07%
333,421
-1,500
-0.4% -$51.2K
KMB icon
220
Kimberly-Clark
KMB
$36.5B
$11.2M 0.07%
92,716
-100
-0.1% -$12.9K
TFC icon
221
Truist Financial
TFC
$64B
$11.2M 0.07%
390,743
-5,900
-1% -$181K
STZ icon
222
Constellation Brands
STZ
$23.2B
$11.1M 0.07%
44,258
-100
-0.2% -$26.1K
SPG icon
223
Simon Property Group
SPG
$72.3B
$11.1M 0.07%
102,749
-2,600
-2% -$305K
PAYX icon
224
Paychex
PAYX
$42.7B
$11.1M 0.07%
95,977
-2,200
-2% -$265K
CTSH icon
225
Cognizant
CTSH
$26B
$11.1M 0.07%
163,323
-5,700
-3% -$393K
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 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.