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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
+12.86%
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
$16.8B
AUM Growth
+$1.35B
Cap. Flow
-$404M
Cap. Flow %
-2.4%
Top 10 Hldgs %
34.1%
Holding
982
New
18
Increased
351
Reduced
406
Closed
24

Top Buys

Rank Stock Value
1
ADBE icon
Adobe
ADBE
+$53.6M
2
AGG icon
iShares Core US Aggregate Bond ETF
AGG
+$48.5M
3
UBER icon
Uber
UBER
+$29.6M
4
META icon
Meta Platforms (Facebook)
META
+$22.1M
5
DIS icon
Walt Disney
DIS
+$22M

Top Sells

Rank Stock Value
1
LQD icon
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
+$96.3M
2
APO icon
Apollo Global Management
APO
+$92.6M
3
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$89.3M
4
TDOC icon
Teladoc Health
TDOC
+$55.9M
5
OMF icon
OneMain Financial
OMF
+$39.2M

Sector Composition

Rank Sector Weight
1 Technology 25.35%
2 Financials 11.06%
3 Communication Services 10.3%
4 Healthcare 9.58%
5 Consumer Discretionary 9.02%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ON icon
226
ON Semiconductor
ON
$31.5B
$11.7M 0.07%
140,536
+4,900
+4% +$385K
AEP icon
227
American Electric Power
AEP
$66.8B
$11.7M 0.07%
143,958
+2,700
+2% +$210K
PCG icon
228
PG&E
PCG
$38B
$11.6M 0.07%
645,760
-9,600
-1% -$162K
WMB icon
229
Williams Companies
WMB
$87.2B
$11.6M 0.07%
333,021
-400
-0.1% -$14K
IQV icon
230
IQVIA
IQV
$39.9B
$11.6M 0.07%
50,094
-100
-0.2% -$20.5K
A icon
231
Agilent Technologies
A
$41.8B
$11.5M 0.07%
82,981
-400
-0.5% -$47.6K
PAYX icon
232
Paychex
PAYX
$42.9B
$11.5M 0.07%
96,377
+400
+0.4% +$47.4K
D icon
233
Dominion Energy
D
$59B
$11.4M 0.07%
242,867
+13,500
+6% +$603K
O icon
234
Realty Income
O
$58.2B
$11.4M 0.07%
198,148
+3,800
+2% +$199K
FTNT icon
235
Fortinet
FTNT
$121B
$11.3M 0.07%
193,770
+15,100
+8% +$835K
AMP icon
236
Ameriprise Financial
AMP
$49.3B
$11.3M 0.07%
29,678
-1,000
-3% -$343K
KMB icon
237
Kimberly-Clark
KMB
$36.1B
$11.2M 0.07%
92,516
-200
-0.2% -$24.2K
OKE icon
238
Oneok
OKE
$56.2B
$11.2M 0.07%
159,481
-100
-0.1% -$6.7K
DOW icon
239
Dow Inc
DOW
$21.8B
$11.2M 0.07%
203,811
-2,000
-1% -$102K
DLR icon
240
Digital Realty Trust
DLR
$70.5B
$11.2M 0.07%
82,881
-100
-0.1% -$12.9K
PRU icon
241
Prudential Financial
PRU
$41.9B
$11.1M 0.07%
107,355
-1,700
-2% -$163K
GWW icon
242
W.W. Grainger
GWW
$60.7B
$11M 0.07%
13,317
-100
-0.7% -$77K
GPN icon
243
Global Payments
GPN
$22.7B
$11M 0.07%
86,378
-3,000
-3% -$347K
HES
244
DELISTED
Hess
HES
$10.9M 0.06%
75,641
-100
-0.1% -$14.7K
OXY icon
245
Occidental Petroleum
OXY
$58.4B
$10.8M 0.06%
180,739
-1,200
-0.7% -$73.2K
STZ icon
246
Constellation Brands
STZ
$22.8B
$10.7M 0.06%
44,258
– –
CHTR icon
247
Charter Communications
CHTR
$18.1B
$10.7M 0.06%
27,497
-400
-1% -$163K
KVUE icon
248
Kenvue
KVUE
$36.7B
$10.6M 0.06%
492,039
+19,600
+4% +$392K
FIS icon
249
Fidelity National Information Services
FIS
$21.9B
$10.5M 0.06%
174,525
-8,000
-4% -$439K
CSGP icon
250
CoStar Group
CSGP
$12.5B
$10.4M 0.06%
119,400
+7,500
+7% +$607K
8 9
10
11 12

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 Q4 2023 Portfolio in Review

As of Q4 2023, State of Michigan Retirement System held 982 positions worth $16.8B, up 8.7% from $15.5B the previous quarter. Its ten largest holdings account for 34% of the portfolio.

Trading was light in Q4 2023: portfolio turnover was 4.3%. State of Michigan Retirement System opened 18 new positions and exited 24, leaving the 982-position portfolio largely intact.

By sector, the portfolio is most concentrated in Technology at 25% of assets, up from 24% a quarter earlier, followed by Financials and Communication Services.

  • State of Michigan Retirement System's largest Q4 2023 buy was Uber: 566,117 shares worth $34.9M.
  • State of Michigan Retirement System added most to Adobe in Q4 2023, an estimated $53.6M increase.
  • State of Michigan Retirement System's biggest Q4 2023 reduction was iShares iBoxx $ Investment Grade Corporate Bond ETF, cutting an estimated $96.3M.
  • State of Michigan Retirement System fully exited State Street SPDR S&P Homebuilders ETF in Q4 2023, selling an estimated $28.3M.
  • State of Michigan Retirement System's ten largest holdings make up 34% of its $16.8B portfolio in Q4 2023.
  • State of Michigan Retirement System opened 18 new positions and closed 24 in Q4 2023.
  • State of Michigan Retirement System's portfolio value rose 8.7% quarter-over-quarter to $16.8B.

Based on State of Michigan Retirement System's 13F filing for Q4 2023, filed 23 Jan 2024.