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
HD icon
26
Home Depot
HD
$355B
$108M 0.64%
310,784
-1,800
-0.6% -$557K
JNJ icon
27
Johnson & Johnson
JNJ
$625B
$107M 0.64%
685,267
+3,600
+0.5% +$552K
INTU icon
28
Intuit
INTU
$89B
$105M 0.62%
167,590
-100
-0.1% -$55.2K
AGG icon
29
iShares Core US Aggregate Bond ETF
AGG
$138B
$97M 0.58%
977,500
+510,000
+109% +$48.5M
PG icon
30
Procter & Gamble
PG
$339B
$94.6M 0.56%
645,237
-1,000
-0.2% -$148K
RITM icon
31
Rithm Capital
RITM
$5.69B
$89.8M 0.53%
8,404,734
– –
PANW icon
32
Palo Alto Networks
PANW
$297B
$87.2M 0.52%
591,520
+2,600
+0.4% +$348K
COST icon
33
Costco
COST
$420B
$84.2M 0.5%
127,569
+200
+0.2% +$119K
PEP icon
34
PepsiCo
PEP
$190B
$84M 0.5%
494,722
-32,500
-6% -$5.39M
ABBV icon
35
AbbVie
ABBV
$435B
$77.4M 0.46%
499,608
+1,500
+0.3% +$219K
TDG icon
36
TransDigm Group
TDG
$67.7B
$77.1M 0.46%
76,192
+100
+0.1% +$92.3K
TMO icon
37
Thermo Fisher Scientific
TMO
$220B
$76.3M 0.45%
143,810
-18,000
-11% -$8.71M
MRK icon
38
Merck
MRK
$318B
$75.6M 0.45%
693,790
-27,000
-4% -$2.8M
INTC icon
39
Intel
INTC
$513B
$73.9M 0.44%
1,470,083
+22,700
+2% +$922K
ISRG icon
40
Intuitive Surgical
ISRG
$134B
$73.2M 0.44%
216,853
– –
CVX icon
41
Chevron
CVX
$366B
$71.7M 0.43%
480,615
-5,800
-1% -$877K
MSCI icon
42
MSCI
MSCI
$40.9B
$71.3M 0.42%
126,102
– –
CRM icon
43
Salesforce
CRM
$158B
$70.1M 0.42%
266,343
-700
-0.3% -$158K
CSCO icon
44
Cisco
CSCO
$479B
$69.7M 0.41%
1,379,766
+28,900
+2% +$1.48M
DIS icon
45
Walt Disney
DIS
$181B
$67.8M 0.4%
750,966
+249,400
+50% +$22M
BAC icon
46
Bank of America
BAC
$442B
$66.7M 0.4%
1,981,212
+86,000
+5% +$2.5M
KO icon
47
Coca-Cola
KO
$375B
$66M 0.39%
1,119,248
+1,500
+0.1% +$85.2K
NFLX icon
48
Netflix
NFLX
$309B
$65.5M 0.39%
1,344,490
+130,000
+11% +$5.68M
ACN icon
49
Accenture
ACN
$108B
$63.8M 0.38%
181,738
-600
-0.3% -$193K
BRK.A icon
50
Berkshire Hathaway Class A
BRK.A
$1.12T
$62.9M 0.37%
116
– –
1
2
3 4 5

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
AM
AGF Management Toronto, Ontario, Canada $22.3B AUM 46.42% 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

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.