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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
EL icon
276
Estee Lauder
EL
$31.6B
$9.31M 0.06%
63,638
-2,200
-3% -$292K
EXR icon
277
Extra Space Storage
EXR
$30.9B
$9.28M 0.06%
57,879
– –
CTVA icon
278
Corteva
CTVA
$51.3B
$9.24M 0.06%
192,910
-1,700
-0.9% -$81.1K
RSG icon
279
Republic Services
RSG
$65.8B
$9.23M 0.05%
55,987
-400
-0.7% -$62.1K
KDP icon
280
Keurig Dr Pepper
KDP
$39.8B
$9.18M 0.05%
275,600
-200
-0.1% -$6.23K
HPQ icon
281
HP
HPQ
$27.6B
$9.13M 0.05%
303,462
+4,200
+1% +$118K
FANG icon
282
Diamondback Energy
FANG
$55.6B
$9.08M 0.05%
58,563
-2,800
-5% -$439K
DD icon
283
DuPont de Nemours
DD
$19.2B
$9.05M 0.05%
93,763
-6,533
-7% -$594K
MRNA icon
284
Moderna
MRNA
$23.7B
$9.03M 0.05%
90,841
-133,120
-59% -$11.2M
VICI icon
285
VICI Properties
VICI
$28.7B
$9.03M 0.05%
283,200
+5,400
+2% +$159K
DVN icon
286
Devon Energy
DVN
$49.8B
$8.94M 0.05%
197,291
-3,000
-1% -$137K
HAL icon
287
Halliburton
HAL
$28B
$8.86M 0.05%
245,022
-1,300
-0.5% -$50K
PLTR icon
288
Palantir
PLTR
$422B
$8.81M 0.05%
513,000
– –
MPWR icon
289
Monolithic Power Systems
MPWR
$68.6B
$8.69M 0.05%
13,770
+100
+0.7% +$52.2K
ANSS
290
DELISTED
Ansys
ANSS
$8.64M 0.05%
23,811
– –
WBD icon
291
Warner Bros
WBD
$67.6B
$8.63M 0.05%
758,425
-27,000
-3% -$291K
PWR icon
292
Quanta Services
PWR
$100B
$8.58M 0.05%
39,748
-100
-0.3% -$18.5K
IR icon
293
Ingersoll Rand
IR
$33.6B
$8.57M 0.05%
110,823
– –
WY icon
294
Weyerhaeuser
WY
$18.2B
$8.56M 0.05%
246,129
-16,100
-6% -$501K
ZM icon
295
Zoom
ZM
$31.4B
$8.5M 0.05%
118,266
-293,900
-71% -$19.4M
MLM icon
296
Martin Marietta Materials
MLM
$32.8B
$8.45M 0.05%
16,937
– –
EFX icon
297
Equifax
EFX
$21.2B
$8.35M 0.05%
33,778
+100
+0.3% +$20.3K
RCL icon
298
Royal Caribbean
RCL
$82.5B
$8.35M 0.05%
64,501
-100
-0.2% -$10.2K
CDW icon
299
CDW
CDW
$17.1B
$8.33M 0.05%
36,645
-1,800
-5% -$381K
HPE icon
300
Hewlett Packard
HPE
$73.3B
$8.33M 0.05%
490,581
+9,800
+2% +$160K
10 11
12
13 14

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.