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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
DT icon
501
Dynatrace
DT
$14.6B
$3.13M 0.02%
57,200
+400
+0.7% +$20.2K
HII icon
502
Huntington Ingalls Industries
HII
$13B
$3.11M 0.02%
11,990
+100
+0.8% +$23.3K
WSM icon
503
Williams-Sonoma
WSM
$29.5B
$3.11M 0.02%
30,840
+200
+0.7% +$17.3K
NBIX icon
504
Neurocrine Biosciences
NBIX
$16.8B
$3.11M 0.02%
23,581
+200
+0.9% +$23K
VST icon
505
Vistra
VST
$48.2B
$3.1M 0.02%
80,600
-2,000
-2% -$69.6K
JNPR
506
DELISTED
Juniper Networks
JNPR
$3.09M 0.02%
104,724
+1,300
+1% +$35.7K
EMN icon
507
Eastman Chemical
EMN
$8.39B
$3.08M 0.02%
34,268
-200
-0.6% -$15.9K
ACM icon
508
Aecom
ACM
$9.42B
$3.08M 0.02%
33,276
+100
+0.3% +$8.49K
ALLE icon
509
Allegion
ALLE
$14.1B
$3.04M 0.02%
24,028
– –
BURL icon
510
Burlington
BURL
$23.4B
$3.03M 0.02%
+15,600
New +$2.33M
BWA icon
511
BorgWarner
BWA
$14.1B
$3.03M 0.02%
84,582
+2,300
+3% +$82.1K
REG icon
512
Regency Centers
REG
$13.9B
$3.02M 0.02%
45,004
+2,600
+6% +$161K
NI icon
513
NiSource
NI
$20B
$3M 0.02%
113,169
-100
-0.1% -$2.57K
LECO icon
514
Lincoln Electric
LECO
$15.1B
$2.98M 0.02%
13,689
– –
DOC icon
515
Healthpeak Properties
DOC
$14.4B
$2.97M 0.02%
149,793
-200
-0.1% -$3.52K
CPT icon
516
Camden Property Trust
CPT
$11B
$2.9M 0.02%
29,200
-100
-0.3% -$9.26K
DAY
517
DELISTED
Dayforce
DAY
$2.87M 0.02%
42,710
+500
+1% +$34.1K
TDOC icon
518
Teladoc Health
TDOC
$1.29B
$2.87M 0.02%
133,000
-3,030,000
-96% -$55.9M
BLD
519
DELISTED
TopBuild
BLD
$2.87M 0.02%
7,657
+100
+1% +$28.6K
BF.B icon
520
Brown-Forman Class B
BF.B
$12.9B
$2.86M 0.02%
50,081
-3,316
-6% -$190K
FND icon
521
Floor & Decor
FND
$6.3B
$2.86M 0.02%
+25,600
New +$2.36M
GL icon
522
Globe Life
GL
$14.2B
$2.85M 0.02%
23,436
-400
-2% -$47K
UHS icon
523
Universal Health Services
UHS
$10.5B
$2.85M 0.02%
18,674
-200
-1% -$26.9K
REXR icon
524
Rexford Industrial Realty
REXR
$8.13B
$2.84M 0.02%
50,682
+1,300
+3% +$63.7K
FIVE icon
525
Five Below
FIVE
$13B
$2.84M 0.02%
13,322
– –
19 20
21
22 23

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.