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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
LNT icon
476
Alliant Energy
LNT
$17.7B
$3.58M 0.02%
69,859
+600
+0.9% +$29.9K
IPG
477
DELISTED
Interpublic Group of Companies
IPG
$3.56M 0.02%
109,192
-800
-0.7% -$24.1K
BB icon
478
BlackBerry
BB
$5.18B
$3.54M 0.02%
1,000,000
– –
APA icon
479
APA Corp
APA
$14.4B
$3.54M 0.02%
98,573
-4,600
-4% -$174K
AES icon
480
AES
AES
$10.5B
$3.53M 0.02%
183,295
-300
-0.2% -$4.88K
JKHY icon
481
Jack Henry & Associates
JKHY
$11B
$3.48M 0.02%
21,316
– –
FFIV icon
482
F5
FFIV
$23.2B
$3.47M 0.02%
19,388
+500
+3% +$81.6K
OVV icon
483
Ovintiv
OVV
$17.6B
$3.45M 0.02%
78,600
-2,900
-4% -$132K
RPM icon
484
RPM International
RPM
$14.8B
$3.45M 0.02%
30,918
+100
+0.3% +$10.1K
WPC icon
485
W.P. Carey
WPC
$16.1B
$3.4M 0.02%
+52,500
New +$3.02M
MANH icon
486
Manhattan Associates
MANH
$11.4B
$3.39M 0.02%
15,731
+1,000
+7% +$212K
SMCI icon
487
Super Micro Computer
SMCI
$20.4B
$3.35M 0.02%
118,000
+9,000
+8% +$249K
FNF icon
488
Fidelity National Financial
FNF
$12.9B
$3.35M 0.02%
65,700
-4,676
-7% -$204K
TECH icon
489
Bio-Techne
TECH
$11.2B
$3.34M 0.02%
43,344
+200
+0.5% +$13.2K
MGM icon
490
MGM Resorts International
MGM
$10.9B
$3.34M 0.02%
74,844
-2,100
-3% -$82.4K
KMX icon
491
CarMax
KMX
$8.34B
$3.33M 0.02%
43,448
+100
+0.2% +$6.72K
CRL icon
492
Charles River Laboratories
CRL
$13.2B
$3.32M 0.02%
14,030
– –
PNR icon
493
Pentair
PNR
$10.7B
$3.29M 0.02%
45,264
+100
+0.2% +$6.45K
MKTX icon
494
MarketAxess Holdings
MKTX
$5.72B
$3.23M 0.02%
11,021
+100
+0.9% +$24.2K
INCY icon
495
Incyte
INCY
$24.6B
$3.2M 0.02%
50,959
– –
WRK
496
DELISTED
WestRock Company
WRK
$3.2M 0.02%
77,064
-2,800
-4% -$108K
TFX icon
497
Teleflex
TFX
$5.89B
$3.2M 0.02%
12,817
-100
-0.8% -$21.4K
UDR icon
498
UDR
UDR
$12.1B
$3.17M 0.02%
82,845
-300
-0.4% -$10.4K
GLPI icon
499
Gaming and Leisure Properties
GLPI
$12.5B
$3.16M 0.02%
64,100
+1,300
+2% +$60.2K
ELS icon
500
Equity Lifestyle Properties
ELS
$12.5B
$3.15M 0.02%
44,700
+200
+0.4% +$13.6K
18 19
20
21 22

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.