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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
MAA icon
426
Mid-America Apartment Communities
MAA
$15.4B
$4.5M 0.03%
33,499
– –
EG icon
427
Everest Group
EG
$14.2B
$4.49M 0.03%
12,711
-100
-0.8% -$38.7K
IEX icon
428
IDEX
IEX
$17.2B
$4.49M 0.03%
20,680
– –
LW icon
429
Lamb Weston
LW
$7.12B
$4.48M 0.03%
41,432
+1,500
+4% +$144K
J icon
430
Jacobs Solutions
J
$17.2B
$4.48M 0.03%
41,708
– –
AVY icon
431
Avery Dennison
AVY
$13.5B
$4.47M 0.03%
22,087
-2,600
-11% -$486K
JBHT icon
432
JB Hunt Transport Services
JBHT
$25B
$4.45M 0.03%
22,295
-100
-0.4% -$18.5K
CINF icon
433
Cincinnati Financial
CINF
$26.7B
$4.45M 0.03%
43,006
– –
LDOS icon
434
Leidos
LDOS
$17.5B
$4.39M 0.03%
40,592
+200
+0.5% +$20.4K
ESS icon
435
Essex Property Trust
ESS
$18.2B
$4.35M 0.03%
17,560
– –
VTRS icon
436
Viatris
VTRS
$18.7B
$4.33M 0.03%
399,920
+3,100
+0.8% +$29.7K
CAG icon
437
Conagra Brands
CAG
$7.07B
$4.32M 0.03%
150,801
+1,700
+1% +$47.6K
RPT
438
Rithm Property Trust
RPT
$96M
$4.27M 0.03%
134,194
-21,058
-14% -$648K
CE icon
439
Celanese
CE
$4.88B
$4.27M 0.03%
27,452
– –
SJM icon
440
J.M. Smucker
SJM
$12.6B
$4.23M 0.03%
33,461
+1,200
+4% +$139K
PKG icon
441
Packaging Corp of America
PKG
$22.7B
$4.21M 0.03%
25,863
-1,800
-7% -$283K
LKQ icon
442
LKQ Corp
LKQ
$6.22B
$4.2M 0.03%
87,983
+2,300
+3% +$107K
PODD icon
443
Insulet
PODD
$9.91B
$4.14M 0.02%
19,100
– –
MAS icon
444
Masco
MAS
$14.7B
$4.11M 0.02%
61,417
-200
-0.3% -$11.6K
SWK icon
445
Stanley Black & Decker
SWK
$15.5B
$4.11M 0.02%
41,931
-100
-0.2% -$8.8K
GEN icon
446
Gen Digital
GEN
$17.5B
$4.11M 0.02%
180,075
-1,200
-0.7% -$23.8K
RS icon
447
Reliance Steel & Aluminium
RS
$21.9B
$4.08M 0.02%
14,597
-1,300
-8% -$345K
LII icon
448
Lennox International
LII
$14.6B
$4.05M 0.02%
9,044
+1,400
+18% +$558K
K
449
DELISTED
Kellanova
K
$4.04M 0.02%
72,221
-4,694
-6% -$245K
BG icon
450
Bunge Global
BG
$21.6B
$4.02M 0.02%
39,800
-1,500
-4% -$157K
16 17
18
19 20

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.