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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
SAIA icon
526
Saia
SAIA
$9.49B
$2.8M 0.02%
6,386
– –
CLF icon
527
Cleveland-Cliffs
CLF
$7.13B
$2.79M 0.02%
136,827
-3,400
-2% -$58.2K
EQH icon
528
Equitable Holdings
EQH
$14.4B
$2.79M 0.02%
83,686
+74,300
+792% +$2.18M
PAYC icon
529
Paycom
PAYC
$9.62B
$2.79M 0.02%
13,473
-151,680
-92% -$32.1M
BXP icon
530
Boston Properties
BXP
$10.8B
$2.78M 0.02%
39,557
+400
+1% +$23.6K
DINO icon
531
HF Sinclair
DINO
$15.2B
$2.77M 0.02%
49,900
+3,400
+7% +$185K
EDIT icon
532
Editas Medicine
EDIT
$432M
$2.77M 0.02%
273,721
– –
AOS icon
533
A.O. Smith
AOS
$8.48B
$2.77M 0.02%
33,633
-500
-1% -$36.9K
CZR icon
534
Caesars Entertainment
CZR
$6.13B
$2.77M 0.02%
59,097
+100
+0.2% +$4.44K
CHRW icon
535
C.H. Robinson
CHRW
$17.3B
$2.76M 0.02%
31,892
-2,656
-8% -$223K
RHI icon
536
Robert Half
RHI
$4.37B
$2.72M 0.02%
30,992
-900
-3% -$71.5K
MTCH icon
537
Match Group
MTCH
$8.43B
$2.72M 0.02%
74,453
-1,800
-2% -$60.8K
HSIC icon
538
Henry Schein
HSIC
$9.82B
$2.71M 0.02%
35,788
-972
-3% -$68K
KNX icon
539
Knight Transportation
KNX
$11.2B
$2.7M 0.02%
46,831
+600
+1% +$31.4K
BBWI icon
540
Bath & Body Works
BBWI
$3.89B
$2.69M 0.02%
62,271
-500
-0.8% -$16.9K
CCK icon
541
Crown Holdings
CCK
$13.1B
$2.66M 0.02%
28,900
+100
+0.3% +$8.48K
TOL icon
542
Toll Brothers
TOL
$14B
$2.65M 0.02%
25,826
-300
-1% -$25K
ETSY icon
543
Etsy
ETSY
$7.38B
$2.65M 0.02%
32,743
-1,000
-3% -$71.5K
PARA
544
DELISTED
Paramount Global Class B
PARA
$2.65M 0.02%
179,048
+1,900
+1% +$25.4K
UTHR icon
545
United Therapeutics
UTHR
$22.7B
$2.62M 0.02%
11,932
+700
+6% +$161K
X
546
DELISTED
US Steel
X
$2.6M 0.02%
53,499
+200
+0.4% +$7.27K
NLY icon
547
Annaly Capital Management
NLY
$17.3B
$2.6M 0.02%
134,231
+200
+0.1% +$3.57K
FBIN icon
548
Fortune Brands Innovations
FBIN
$5.73B
$2.6M 0.02%
34,142
+1,000
+3% +$65.8K
LEA icon
549
Lear
LEA
$8.05B
$2.58M 0.02%
18,293
+400
+2% +$53.6K
PFGC icon
550
Performance Food Group
PFGC
$17.9B
$2.58M 0.02%
37,303
– –
20 21
22
23 24

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.