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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
AWK icon
326
American Water Works
AWK
$26.9B
$7.03M 0.04%
53,297
-100
-0.2% -$12.6K
STT icon
327
State Street
STT
$51.3B
$7.03M 0.04%
90,728
-3,900
-4% -$272K
TROW icon
328
T. Rowe Price
TROW
$24.3B
$7.02M 0.04%
65,213
+100
+0.2% +$9.96K
HIG icon
329
Hartford Financial Services
HIG
$38.7B
$7.01M 0.04%
87,241
-2,500
-3% -$188K
TTWO icon
330
Take-Two Interactive
TTWO
$47.4B
$6.97M 0.04%
43,292
– –
ZBH icon
331
Zimmer Biomet
ZBH
$18.7B
$6.96M 0.04%
57,215
-100
-0.2% -$11.2K
APTV icon
332
Aptiv
APTV
$10.3B
$6.95M 0.04%
77,449
-100
-0.1% -$8.61K
FITB
333
Fifth Third Bancorp
FITB
$51.8B
$6.86M 0.04%
199,016
-2,200
-1% -$61K
CTRA
334
DELISTED
Coterra Energy
CTRA
$6.84M 0.04%
267,859
-8,900
-3% -$238K
WAB icon
335
Wabtec
WAB
$49.7B
$6.83M 0.04%
53,816
– –
WTW icon
336
Willis Towers Watson
WTW
$31.9B
$6.82M 0.04%
28,292
-400
-1% -$92.5K
MTB icon
337
M&T Bank
MTB
$36.3B
$6.69M 0.04%
48,801
+400
+0.8% +$50.3K
BLDR icon
338
Builders FirstSource
BLDR
$7.74B
$6.68M 0.04%
40,000
+3,688
+10% +$490K
BR icon
339
Broadridge
BR
$19.8B
$6.62M 0.04%
32,160
-200
-0.6% -$36.9K
WBA
340
DELISTED
Walgreens Boots Alliance
WBA
$6.56M 0.04%
251,300
+4,900
+2% +$110K
PATH icon
341
UiPath
PATH
$8.11B
$6.48M 0.04%
260,949
+203,358
+353% +$3.97M
CHD icon
342
Church & Dwight Co
CHD
$24.5B
$6.38M 0.04%
67,451
-2,240
-3% -$205K
ES icon
343
Eversource Energy
ES
$26.8B
$6.3M 0.04%
102,033
+6,300
+7% +$363K
SLP icon
344
Simulations Plus
SLP
$371M
$6.24M 0.04%
139,500
– –
DTE icon
345
DTE Energy
DTE
$28.5B
$6.23M 0.04%
56,477
– –
GRMN
346
Garmin
GRMN
$60.4B
$6.22M 0.04%
48,397
+900
+2% +$104K
EBAY icon
347
eBay
EBAY
$47.9B
$6.2M 0.04%
142,128
-3,800
-3% -$157K
NTAP icon
348
NetApp
NTAP
$39B
$6.19M 0.04%
70,229
+1,000
+1% +$80.5K
SWKS icon
349
Skyworks Solutions
SWKS
$10.3B
$6.17M 0.04%
54,883
+2,000
+4% +$196K
EQR icon
350
Equity Residential
EQR
$24.7B
$6.1M 0.04%
99,725
+800
+0.8% +$46.3K
12 13
14
15 16

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.