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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
VLTO icon
401
Veralto
VLTO
$23.7B
$4.94M 0.03%
+60,048
New +$4.48M
CNP icon
402
CenterPoint Energy
CNP
$26.4B
$4.94M 0.03%
172,847
-200
-0.1% -$5.56K
OMC icon
403
Omnicom Group
OMC
$23.2B
$4.9M 0.03%
56,584
– –
AKAM icon
404
Akamai
AKAM
$16.9B
$4.89M 0.03%
41,289
-400
-1% -$44.5K
TXT icon
405
Textron
TXT
$15.3B
$4.86M 0.03%
60,371
-500
-0.8% -$38.8K
JBL icon
406
Jabil
JBL
$35.3B
$4.85M 0.03%
38,100
+6,789
+22% +$865K
CLX icon
407
Clorox
CLX
$13B
$4.84M 0.03%
33,951
– –
HUBB icon
408
Hubbell
HUBB
$26.7B
$4.84M 0.03%
14,700
+1,901
+15% +$572K
TYL icon
409
Tyler Technologies
TYL
$13B
$4.82M 0.03%
11,537
– –
MRO
410
DELISTED
Marathon Oil Corporation
MRO
$4.79M 0.03%
198,405
-14,900
-7% -$384K
HOLX
411
DELISTED
Hologic
HOLX
$4.79M 0.03%
67,065
-100
-0.1% -$6.96K
NTRS icon
412
Northern Trust
NTRS
$34.4B
$4.79M 0.03%
56,713
– –
TER icon
413
Teradyne
TER
$57.1B
$4.76M 0.03%
43,835
-600
-1% -$56.9K
CF icon
414
CF Industries
CF
$18.4B
$4.73M 0.03%
59,554
-9,500
-14% -$756K
CFG icon
415
Citizens Financial Group
CFG
$30.6B
$4.73M 0.03%
142,773
-2,600
-2% -$71.6K
PFG icon
416
Principal Financial Group
PFG
$24.4B
$4.73M 0.03%
60,080
-5,000
-8% -$362K
MKC icon
417
McCormick & Company Non-Voting
MKC
$14.3B
$4.71M 0.03%
68,810
– –
EPAM icon
418
EPAM Systems
EPAM
$5.02B
$4.71M 0.03%
15,827
-100
-0.6% -$25.4K
SYF icon
419
Synchrony
SYF
$25.4B
$4.69M 0.03%
122,840
+300
+0.2% +$9.49K
WDC icon
420
Western Digital
WDC
$151B
$4.65M 0.03%
117,426
-32,347
-22% -$1.13M
CMS icon
421
CMS Energy
CMS
$21.7B
$4.64M 0.03%
79,899
-100
-0.1% -$5.58K
DGX icon
422
Quest Diagnostics
DGX
$26.2B
$4.61M 0.03%
33,417
+100
+0.3% +$13.1K
BRO icon
423
Brown & Brown
BRO
$24B
$4.6M 0.03%
64,651
+100
+0.2% +$7.15K
SNA icon
424
Snap-on
SNA
$21.3B
$4.57M 0.03%
15,822
– –
STX icon
425
Seagate
STX
$182B
$4.55M 0.03%
53,305
+400
+0.8% +$29.9K
15 16
17
18 19

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.