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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
AZPN
626
DELISTED
Aspen Technology Inc
AZPN
$1.89M 0.01%
8,607
+300
+4% +$57.7K
DCI icon
627
Donaldson
DCI
$11.2B
$1.89M 0.01%
28,958
– –
NNN icon
628
NNN REIT
NNN
$8.8B
$1.89M 0.01%
43,784
+200
+0.5% +$7.75K
MIDD icon
629
Middleby
MIDD
$5.89B
$1.89M 0.01%
12,820
– –
UFPI icon
630
UFP Industries
UFPI
$5.01B
$1.86M 0.01%
14,800
– –
BIO icon
631
Bio-Rad Laboratories Class A
BIO
$9.48B
$1.86M 0.01%
5,750
– –
THC icon
632
Tenet Healthcare
THC
$20.9B
$1.84M 0.01%
24,393
+100
+0.4% +$6.34K
ORI icon
633
Old Republic International
ORI
$10.3B
$1.84M 0.01%
62,578
-700
-1% -$19.7K
GNTX icon
634
Gentex
GNTX
$5.02B
$1.83M 0.01%
55,940
+100
+0.2% +$3.09K
WCC
635
WESCO International
WCC
$17.9B
$1.83M 0.01%
10,500
-100
-0.9% -$15K
VOYA icon
636
Voya Financial
VOYA
$9.09B
$1.83M 0.01%
25,016
-300
-1% -$20.9K
WHR icon
637
Whirlpool
WHR
$2.75B
$1.82M 0.01%
14,985
-3,992
-21% -$465K
HAS icon
638
Hasbro
HAS
$13.3B
$1.82M 0.01%
35,712
+100
+0.3% +$5.05K
AGCO icon
639
AGCO
AGCO
$7.06B
$1.82M 0.01%
14,958
+100
+0.7% +$11.7K
WING icon
640
Wingstop
WING
$3.2B
$1.81M 0.01%
7,072
-100
-1% -$21.6K
DBX icon
641
Dropbox
DBX
$8.07B
$1.81M 0.01%
61,500
-100
-0.2% -$2.78K
GPK icon
642
Graphic Packaging
GPK
$3.53B
$1.81M 0.01%
73,400
– –
ONTO icon
643
Onto Innovation
ONTO
$14.5B
$1.8M 0.01%
+11,800
New +$1.59M
OHI icon
644
Omega Healthcare
OHI
$14.4B
$1.8M 0.01%
58,763
+200
+0.3% +$6.42K
KBR icon
645
KBR
KBR
$4.83B
$1.8M 0.01%
32,411
+200
+0.6% +$11K
AXTA icon
646
Axalta
AXTA
$8.01B
$1.79M 0.01%
52,800
-200
-0.4% -$5.99K
EXEL icon
647
Exelixis
EXEL
$13.1B
$1.79M 0.01%
74,616
-1,500
-2% -$32.6K
ZION icon
648
Zions Bancorporation
ZION
$10.3B
$1.78M 0.01%
40,517
-100
-0.2% -$3.61K
MORN icon
649
Morningstar
MORN
$7.54B
$1.77M 0.01%
6,200
– –
LNW
650
DELISTED
Light & Wonder
LNW
$1.77M 0.01%
21,599
-200
-0.9% -$16.1K
24 25
26
27 28

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.