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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
DPZ icon
451
Domino's
DPZ
$11.5B
$3.95M 0.02%
9,580
– –
KEY icon
452
KeyCorp
KEY
$24.3B
$3.95M 0.02%
274,028
+600
+0.2% +$7.12K
WRB icon
453
W.R. Berkley
WRB
$26.3B
$3.94M 0.02%
83,619
– –
OC icon
454
Owens Corning
OC
$12.2B
$3.93M 0.02%
26,488
+300
+1% +$39.7K
NDSN icon
455
Nordson
NDSN
$17.2B
$3.92M 0.02%
14,851
– –
TAP icon
456
Molson Coors Class B
TAP
$7.93B
$3.92M 0.02%
64,070
-800
-1% -$48.1K
ZBRA icon
457
Zebra Technologies
ZBRA
$17.9B
$3.85M 0.02%
14,091
– –
AMCR icon
458
Amcor
AMCR
$21.8B
$3.81M 0.02%
79,135
-1,540
-2% -$70.7K
GGG icon
459
Graco
GGG
$13.5B
$3.77M 0.02%
43,464
+100
+0.2% +$7.86K
HST icon
460
Host Hotels & Resorts
HST
$15.5B
$3.76M 0.02%
193,129
-1,900
-1% -$32.6K
L icon
461
Loews
L
$23.3B
$3.75M 0.02%
53,952
-1,900
-3% -$126K
WSO icon
462
Watsco Inc
WSO
$13.5B
$3.72M 0.02%
8,683
+100
+1% +$38.7K
EVRG icon
463
Evergy
EVRG
$18.9B
$3.72M 0.02%
71,181
-1,200
-2% -$60.4K
UAL icon
464
United Airlines
UAL
$40.2B
$3.71M 0.02%
89,828
-100
-0.1% -$3.93K
NRG icon
465
NRG Energy
NRG
$25B
$3.7M 0.02%
71,648
-6,100
-8% -$276K
RVTY icon
466
Revvity
RVTY
$12.9B
$3.69M 0.02%
33,738
-300
-0.9% -$28.9K
QRVO icon
467
Qorvo
QRVO
$8.56B
$3.67M 0.02%
32,619
+400
+1% +$38.6K
CSL icon
468
Carlisle Companies
CSL
$15.3B
$3.65M 0.02%
11,672
-300
-3% -$82.6K
LYV icon
469
Live Nation Entertainment
LYV
$43B
$3.63M 0.02%
38,811
-100
-0.3% -$8.61K
IP icon
470
International Paper
IP
$21.9B
$3.63M 0.02%
100,448
-1,500
-1% -$52.4K
TRMB icon
471
Trimble
TRMB
$13.6B
$3.62M 0.02%
68,123
– –
KIM icon
472
Kimco Realty
KIM
$16.2B
$3.62M 0.02%
169,733
-200
-0.1% -$3.77K
MOS icon
473
The Mosaic Company
MOS
$7.46B
$3.61M 0.02%
101,076
-12,200
-11% -$431K
ROL icon
474
Rollins
ROL
$17.9B
$3.6M 0.02%
82,358
+1,000
+1% +$38.9K
GDDY icon
475
GoDaddy
GDDY
$11.6B
$3.59M 0.02%
33,800
-1,300
-4% -$116K
17 18
19
20 21

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.