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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
RGA icon
551
Reinsurance Group of America
RGA
$15.8B
$2.56M 0.02%
15,852
– –
ALLY icon
552
Ally Financial
ALLY
$13.3B
$2.56M 0.02%
73,364
-2,100
-3% -$58.7K
NWSA icon
553
News Corp Class A
NWSA
$15.4B
$2.56M 0.02%
104,154
-300
-0.3% -$6.52K
HRL icon
554
Hormel Foods
HRL
$13.6B
$2.55M 0.02%
79,275
-100
-0.1% -$3.27K
CUBE icon
555
CubeSmart
CUBE
$9.23B
$2.5M 0.01%
53,900
+200
+0.4% +$7.86K
FOXA icon
556
Fox Class A
FOXA
$26.6B
$2.5M 0.01%
84,112
-5,200
-6% -$157K
DKS icon
557
Dick's Sporting Goods
DKS
$19.2B
$2.48M 0.01%
16,870
-200
-1% -$24.3K
USFD icon
558
US Foods
USFD
$23.9B
$2.47M 0.01%
54,300
– –
RNR icon
559
RenaissanceRe
RNR
$13.2B
$2.46M 0.01%
12,565
+300
+2% +$62.4K
AAL icon
560
American Airlines Group
AAL
$9.93B
$2.46M 0.01%
178,905
-200
-0.1% -$2.51K
BEN icon
561
Franklin Resources
BEN
$17B
$2.46M 0.01%
82,495
-1,800
-2% -$44.8K
CASY icon
562
Casey's General Stores
CASY
$31.6B
$2.45M 0.01%
8,921
– –
XPO icon
563
XPO
XPO
$23.5B
$2.44M 0.01%
27,842
+100
+0.4% +$8.15K
EWBC icon
564
East-West Bancorp
EWBC
$18.1B
$2.43M 0.01%
33,822
– –
EXE
565
Expand Energy Corp
EXE
$22.6B
$2.43M 0.01%
31,600
-600
-2% -$49.3K
SCI icon
566
Service Corp International
SCI
$11.4B
$2.43M 0.01%
35,462
-600
-2% -$36.1K
EME icon
567
Emcor
EME
$35.7B
$2.42M 0.01%
11,248
– –
AIZ icon
568
Assurant
AIZ
$14.2B
$2.42M 0.01%
14,367
-100
-0.7% -$15.9K
SFIX
569
Stitch Fix
SFIX
$530M
$2.42M 0.01%
676,983
– –
WYNN icon
570
Wynn Resorts
WYNN
$10.6B
$2.39M 0.01%
26,272
-300
-1% -$26.6K
TTC icon
571
Toro Company
TTC
$9.4B
$2.39M 0.01%
24,932
+100
+0.4% +$8.57K
ITT icon
572
ITT
ITT
$18.9B
$2.35M 0.01%
19,729
+100
+0.5% +$10.5K
RRX icon
573
Regal Rexnord
RRX
$11.5B
$2.35M 0.01%
15,901
– –
NVT icon
574
nVent Electric
NVT
$26.3B
$2.35M 0.01%
39,806
+200
+0.5% +$10.6K
NCLH icon
575
Norwegian Cruise Line
NCLH
$8.52B
$2.33M 0.01%
116,479
+800
+0.7% +$12.8K
21 22
23
24 25

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.