We are live on ! Find out more
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
ARE icon
376
Alexandria Real Estate Equities
ARE
$8.32B
$5.43M 0.03%
42,818
+100
+0.2% +$10.8K
NDAQ icon
377
Nasdaq
NDAQ
$53.4B
$5.42M 0.03%
93,190
+300
+0.3% +$15.8K
DRI icon
378
Darden Restaurants
DRI
$24.9B
$5.41M 0.03%
32,912
-200
-0.6% -$30.3K
INVH icon
379
Invitation Homes
INVH
$17.8B
$5.37M 0.03%
157,500
-200
-0.1% -$6.51K
BAX icon
380
Baxter International
BAX
$14.4B
$5.37M 0.03%
138,928
+100
+0.1% +$3.54K
ALGN icon
381
Align Technology
ALGN
$12.5B
$5.34M 0.03%
19,500
– –
RF icon
382
Regions Financial
RF
$26.8B
$5.32M 0.03%
274,639
-3,100
-1% -$51.4K
GPC icon
383
Genuine Parts
GPC
$18.5B
$5.32M 0.03%
38,429
-100
-0.3% -$13.7K
TRGP icon
384
Targa Resources
TRGP
$57.1B
$5.3M 0.03%
61,000
-300
-0.5% -$25.8K
HBAN icon
385
Huntington Bancshares
HBAN
$35.6B
$5.29M 0.03%
415,650
+18,700
+5% +$205K
AEE icon
386
Ameren
AEE
$29.6B
$5.21M 0.03%
71,987
– –
FE icon
387
FirstEnergy
FE
$27.1B
$5.18M 0.03%
141,344
-100
-0.1% -$3.62K
TSN icon
388
Tyson Foods
TSN
$20.1B
$5.18M 0.03%
96,328
-800
-0.8% -$38.8K
CBOE icon
389
Cboe Global Markets
CBOE
$29.8B
$5.16M 0.03%
28,903
– –
ALB icon
390
Albemarle
ALB
$15.5B
$5.13M 0.03%
35,507
+3,300
+10% +$453K
COO icon
391
Cooper Companies
COO
$14.9B
$5.12M 0.03%
54,144
– –
CCL icon
392
Carnival Corporation Ltd
CCL
$38B
$5.11M 0.03%
275,844
-300
-0.1% -$4.36K
DECK icon
393
Deckers Outdoor
DECK
$13.3B
$5.02M 0.03%
45,096
+1,800
+4% +$183K
VRSN icon
394
VeriSign
VRSN
$26.5B
$5M 0.03%
24,279
-300
-1% -$62.5K
AXON
395
Axon Enterprise
AXON
$48.4B
$4.99M 0.03%
19,300
– –
LVS icon
396
Las Vegas Sands
LVS
$29.4B
$4.98M 0.03%
101,101
+11,000
+12% +$520K
BALL icon
397
Ball Corp
BALL
$16.6B
$4.96M 0.03%
86,301
-100
-0.1% -$5.16K
LUV icon
398
Southwest Airlines
LUV
$22B
$4.96M 0.03%
171,703
+2,000
+1% +$52K
ENPH icon
399
Enphase Energy
ENPH
$5.41B
$4.94M 0.03%
37,415
– –
POOL icon
400
Pool Corp
POOL
$7.27B
$4.94M 0.03%
12,389
-200
-2% -$70.1K
14 15
16
17 18

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
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
IC
IEQ Capital Foster City, California $21.5B AUM 75.26% 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.