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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
SGI
601
Somnigroup International
SGI
$13.6B
$2.11M 0.01%
41,338
+200
+0.5% +$8.48K
DAR icon
602
Darling Ingredients
DAR
$9.99B
$2.1M 0.01%
42,174
+4,000
+10% +$182K
WBS icon
603
Webster Financial
WBS
$12.8B
$2.09M 0.01%
41,244
-3,900
-9% -$169K
FRT icon
604
Federal Realty Investment Trust
FRT
$10.2B
$2.08M 0.01%
20,162
+100
+0.5% +$9.44K
XRAY icon
605
Dentsply Sirona
XRAY
$2.34B
$2.06M 0.01%
57,960
-4,000
-6% -$127K
EGP icon
606
EastGroup Properties
EGP
$10.9B
$2.04M 0.01%
11,127
+300
+3% +$51.2K
CW icon
607
Curtiss-Wright
CW
$25.6B
$2.04M 0.01%
9,161
– –
SSD icon
608
Simpson Manufacturing
SSD
$8.03B
$2.02M 0.01%
10,227
– –
CMA
609
DELISTED
Comerica
CMA
$2.01M 0.01%
36,070
+100
+0.3% +$4.52K
WEX icon
610
WEX
WEX
$6.35B
$2M 0.01%
10,275
– –
AFG icon
611
American Financial Group
AFG
$11.9B
$2M 0.01%
16,810
-100
-0.6% -$11.3K
SKX
612
DELISTED
Skechers
SKX
$2M 0.01%
32,044
-100
-0.3% -$5.39K
RBC icon
613
RBC Bearings
RBC
$17.6B
$1.99M 0.01%
7,000
+100
+1% +$24.5K
OLED icon
614
Universal Display
OLED
$4.16B
$1.99M 0.01%
10,405
– –
UNM icon
615
Unum
UNM
$14.5B
$1.99M 0.01%
44,000
– –
ALV icon
616
Autoliv
ALV
$8.92B
$1.98M 0.01%
18,000
-200
-1% -$19.9K
WWD icon
617
Woodward
WWD
$21B
$1.98M 0.01%
14,510
+100
+0.7% +$13.1K
ATR icon
618
AptarGroup
ATR
$8.5B
$1.95M 0.01%
15,810
+100
+0.6% +$12.6K
TXRH icon
619
Texas Roadhouse
TXRH
$13.6B
$1.95M 0.01%
15,978
– –
MTN icon
620
Vail Resorts
MTN
$5.21B
$1.94M 0.01%
9,100
-100
-1% -$21.9K
NYT icon
621
New York Times
NYT
$10.5B
$1.92M 0.01%
39,216
+100
+0.3% +$4.41K
NOV icon
622
NOV
NOV
$7.38B
$1.92M 0.01%
94,477
+300
+0.3% +$5.89K
BERY
623
DELISTED
Berry Global Group, Inc.
BERY
$1.91M 0.01%
30,819
+109
+0.4% +$6.15K
RGLD icon
624
Royal Gold
RGLD
$19.8B
$1.9M 0.01%
15,748
– –
FHN icon
625
First Horizon
FHN
$12B
$1.9M 0.01%
134,056
+500
+0.4% +$6.02K
23 24
25
26 27

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.