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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
CPB icon
576
Campbell Soup
CPB
$6.69B
$2.33M 0.01%
53,801
-100
-0.2% -$4.11K
PEN icon
577
Penumbra
PEN
$12.8B
$2.32M 0.01%
9,214
– –
TPR icon
578
Tapestry
TPR
$33.3B
$2.31M 0.01%
62,699
-800
-1% -$24.6K
WMS icon
579
Advanced Drainage Systems
WMS
$10.7B
$2.31M 0.01%
16,400
-200
-1% -$24.1K
LSCC icon
580
Lattice Semiconductor
LSCC
$18.2B
$2.29M 0.01%
33,162
+200
+0.6% +$13.3K
FMC icon
581
FMC
FMC
$1.31B
$2.25M 0.01%
35,758
-2,400
-6% -$139K
WTRG icon
582
Essential Utilities
WTRG
$11.3B
$2.25M 0.01%
60,271
+2,100
+4% +$73.3K
RGEN icon
583
Repligen
RGEN
$9.21B
$2.24M 0.01%
12,453
+100
+0.8% +$15.6K
LAMR icon
584
Lamar Advertising Co
LAMR
$15.7B
$2.24M 0.01%
21,038
+100
+0.5% +$9.4K
PNW icon
585
Pinnacle West Capital
PNW
$12B
$2.23M 0.01%
31,061
– –
CTLT
586
DELISTED
CATALENT, INC.
CTLT
$2.22M 0.01%
49,383
– –
CHDN icon
587
Churchill Downs
CHDN
$6.02B
$2.2M 0.01%
16,280
– –
IVZ icon
588
Invesco
IVZ
$14B
$2.2M 0.01%
123,098
-11,252
-8% -$162K
GNRC icon
589
Generac Holdings
GNRC
$12.2B
$2.17M 0.01%
16,816
-200
-1% -$21.9K
LAD icon
590
Lithia Motors
LAD
$8.35B
$2.17M 0.01%
6,587
– –
JLL icon
591
Jones Lang LaSalle
JLL
$16.4B
$2.16M 0.01%
11,411
– –
TREX icon
592
Trex
TREX
$4.91B
$2.15M 0.01%
26,022
+100
+0.4% +$6.63K
ERIE icon
593
Erie Indemnity
ERIE
$13.2B
$2.15M 0.01%
6,432
– –
BJ icon
594
BJs Wholesale Club
BJ
$12.3B
$2.14M 0.01%
32,115
– –
TTEK icon
595
Tetra Tech
TTEK
$8.97B
$2.14M 0.01%
64,040
+500
+0.8% +$16K
JAZZ icon
596
Jazz Pharmaceuticals
JAZZ
$16.7B
$2.14M 0.01%
17,364
+200
+1% +$25K
IBKR icon
597
Interactive Brokers
IBKR
$41.1B
$2.13M 0.01%
102,716
+400
+0.4% +$8.19K
CLH icon
598
Clean Harbors
CLH
$16.4B
$2.11M 0.01%
12,107
+100
+0.8% +$16.4K
CG icon
599
Carlyle Group
CG
$17.2B
$2.11M 0.01%
+51,900
New +$1.71M
CHE icon
600
Chemed
CHE
$7.18B
$2.11M 0.01%
3,609
– –
22 23
24
25 26

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.