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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
AME icon
251
Ametek
AME
$58B
$10.4M 0.06%
63,153
-100
-0.2% -$15.2K
GIS icon
252
General Mills
GIS
$19.7B
$10.4M 0.06%
159,102
-1,300
-0.8% -$83.9K
VRSK icon
253
Verisk Analytics
VRSK
$23.3B
$10.3M 0.06%
43,056
+800
+2% +$189K
BIIB icon
254
Biogen
BIIB
$30.6B
$10.3M 0.06%
39,703
– –
CEG icon
255
Constellation Energy
CEG
$96.3B
$10.2M 0.06%
87,467
-700
-0.8% -$81.7K
CMI icon
256
Cummins
CMI
$88B
$10.2M 0.06%
42,537
+400
+0.9% +$90.9K
SYY icon
257
Sysco
SYY
$40.1B
$10.1M 0.06%
138,017
-500
-0.4% -$34.5K
ALL icon
258
Allstate
ALL
$68.3B
$10M 0.06%
71,689
– –
KHC icon
259
Kraft Heinz
KHC
$29.3B
$10M 0.06%
271,239
+4,600
+2% +$156K
YUM icon
260
Yum! Brands
YUM
$39.9B
$10M 0.06%
76,714
-100
-0.1% -$12.5K
OTIS icon
261
Otis Worldwide
OTIS
$27.6B
$10M 0.06%
112,007
-900
-0.8% -$74.8K
SSYS icon
262
Stratasys
SSYS
$767M
$9.96M 0.06%
697,503
– –
PEG icon
263
Public Service Enterprise Group
PEG
$37.2B
$9.84M 0.06%
160,966
+24,100
+18% +$1.48M
EXC icon
264
Exelon
EXC
$45.9B
$9.78M 0.06%
272,503
-300
-0.1% -$11.6K
ROK icon
265
Rockwell Automation
ROK
$48.6B
$9.75M 0.06%
31,413
-100
-0.3% -$28K
CBRE icon
266
CBRE Group
CBRE
$41.8B
$9.71M 0.06%
104,260
-4,800
-4% -$373K
PPG icon
267
PPG Industries
PPG
$25.8B
$9.65M 0.06%
64,543
– –
KR icon
268
Kroger
KR
$34.6B
$9.63M 0.06%
210,687
-81,800
-28% -$3.63M
IT icon
269
Gartner
IT
$12.2B
$9.63M 0.06%
21,347
-300
-1% -$120K
EA
270
DELISTED
Electronic Arts
EA
$9.57M 0.06%
69,954
-600
-0.9% -$79.3K
BKR icon
271
Baker Hughes
BKR
$63.7B
$9.42M 0.06%
275,512
-1,300
-0.5% -$44.3K
ED icon
272
Consolidated Edison
ED
$39.3B
$9.36M 0.06%
102,842
-2,800
-3% -$250K
XEL icon
273
Xcel Energy
XEL
$47.8B
$9.35M 0.06%
151,094
-100
-0.1% -$6K
KMI icon
274
Kinder Morgan
KMI
$69.7B
$9.34M 0.06%
529,445
-2,000
-0.4% -$34.1K
PHM icon
275
Pultegroup
PHM
$24.6B
$9.31M 0.06%
90,169
+900
+1% +$76.5K
9 10
11
12 13

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.