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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
FLG
651
Flagstar Bank National Association
FLG
$5.84B
$1.77M 0.01%
57,781
+4,233
+8% +$127K
PVH icon
652
PVH
PVH
$4.02B
$1.77M 0.01%
14,500
-500
-3% -$44.8K
FIX icon
653
Comfort Systems
FIX
$58.9B
$1.77M 0.01%
+8,600
New +$1.59M
RRC icon
654
Range Resources
RRC
$9.41B
$1.76M 0.01%
57,886
+200
+0.3% +$6.56K
RMBS icon
655
Rambus
RMBS
$10.4B
$1.76M 0.01%
+25,800
New +$1.61M
ARMK icon
656
Aramark
ARMK
$14.6B
$1.76M 0.01%
62,600
-23,824
-28% -$645K
KNSL icon
657
Kinsale Capital Group
KNSL
$8.4B
$1.76M 0.01%
5,245
– –
BRBR icon
658
BellRing Brands
BRBR
$1.32B
$1.75M 0.01%
31,545
+100
+0.3% +$4.82K
GXO icon
659
GXO Logistics
GXO
$5.4B
$1.74M 0.01%
28,527
+100
+0.4% +$5.6K
PRI icon
660
Primerica
PRI
$9.65B
$1.73M 0.01%
8,419
-100
-1% -$20.4K
SWN
661
DELISTED
Southwestern Energy Company
SWN
$1.73M 0.01%
264,300
+1,000
+0.4% +$6.68K
CACI icon
662
CACI
CACI
$14.3B
$1.72M 0.01%
5,321
-100
-2% -$32.4K
QLYS icon
663
Qualys
QLYS
$6.43B
$1.72M 0.01%
8,776
– –
CGNX icon
664
Cognex
CGNX
$10.8B
$1.72M 0.01%
41,253
+100
+0.2% +$3.84K
ACHC icon
665
Acadia Healthcare
ACHC
$2.96B
$1.72M 0.01%
22,130
+100
+0.5% +$7.4K
MEDP icon
666
Medpace
MEDP
$16.8B
$1.72M 0.01%
5,599
– –
STAG icon
667
STAG Industrial
STAG
$7.09B
$1.71M 0.01%
43,600
+600
+1% +$21.3K
PCTY icon
668
Paylocity
PCTY
$7.73B
$1.71M 0.01%
10,372
+100
+1% +$16.8K
OSK icon
669
Oshkosh
OSK
$9.59B
$1.7M 0.01%
15,708
+100
+0.6% +$9.67K
INGR icon
670
Ingredion
INGR
$6.53B
$1.7M 0.01%
15,688
-100
-0.6% -$10K
VFC icon
671
VF Corp
VFC
$5.86B
$1.7M 0.01%
90,546
-100
-0.1% -$1.72K
SWAV
672
DELISTED
Shockwave Medical, Inc. Common Stock
SWAV
$1.7M 0.01%
8,900
+100
+1% +$18.9K
FCN icon
673
FTI Consulting
FCN
$4.17B
$1.69M 0.01%
8,504
+400
+5% +$82.8K
SF
674
Stifel
SF
$12.7B
$1.69M 0.01%
36,731
-750
-2% -$30.8K
WFRD icon
675
Weatherford International
WFRD
$6.66B
$1.69M 0.01%
17,300
+100
+0.6% +$9.3K
25 26
27
28 29

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.