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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
EXP icon
676
Eagle Materials
EXP
$6.47B
$1.69M 0.01%
8,329
-100
-1% -$17.6K
BWXT icon
677
BWX Technologies
BWXT
$15.5B
$1.68M 0.01%
21,900
– –
LSTR icon
678
Landstar System
LSTR
$6.05B
$1.68M 0.01%
8,670
+100
+1% +$17.7K
BRX icon
679
Brixmor Property Group
BRX
$9.15B
$1.68M 0.01%
72,107
+200
+0.3% +$4.31K
OGE icon
680
OGE Energy
OGE
$9.54B
$1.68M 0.01%
48,014
+100
+0.2% +$3.45K
FR icon
681
First Industrial Realty Trust
FR
$8.36B
$1.67M 0.01%
31,768
+200
+0.6% +$9.32K
HRB icon
682
H&R Block
HRB
$5.82B
$1.67M 0.01%
34,568
-1,800
-5% -$80.2K
DVA icon
683
DaVita
DVA
$11.7B
$1.67M 0.01%
15,939
+100
+0.6% +$9.24K
CFR icon
684
Cullen/Frost Bankers
CFR
$10.3B
$1.67M 0.01%
15,364
– –
SEIC icon
685
SEI Investments
SEIC
$12.6B
$1.66M 0.01%
26,124
-100
-0.4% -$5.83K
MUSA icon
686
Murphy USA
MUSA
$10.2B
$1.65M 0.01%
4,624
– –
CHRD icon
687
Chord Energy
CHRD
$7.8B
$1.65M 0.01%
9,900
– –
BRKR icon
688
Bruker
BRKR
$8.58B
$1.64M 0.01%
22,293
-1,200
-5% -$76.9K
JEF icon
689
Jefferies Financial Group
JEF
$12.8B
$1.63M 0.01%
40,416
-1,800
-4% -$63.7K
PNFP icon
690
Pinnacle Financial Partners Inc
PNFP
$15.8B
$1.61M 0.01%
18,427
+100
+0.5% +$7.25K
WH icon
691
Wyndham Hotels & Resorts
WH
$5.29B
$1.6M 0.01%
19,953
-200
-1% -$15K
EHC icon
692
Encompass Health
EHC
$12.5B
$1.6M 0.01%
24,045
+100
+0.4% +$6.48K
FLR icon
693
Fluor
FLR
$7.3B
$1.6M 0.01%
40,897
+6,600
+19% +$244K
MAT icon
694
Mattel
MAT
$4.21B
$1.6M 0.01%
84,733
+100
+0.1% +$1.95K
CIEN icon
695
Ciena
CIEN
$54.9B
$1.6M 0.01%
35,496
-200
-0.6% -$8.82K
FAF icon
696
First American
FAF
$7.37B
$1.6M 0.01%
24,764
+100
+0.4% +$5.7K
BC icon
697
Brunswick
BC
$5.21B
$1.59M 0.01%
16,470
-200
-1% -$15.9K
LFUS icon
698
Littelfuse
LFUS
$11.6B
$1.59M 0.01%
5,953
– –
ARW icon
699
Arrow Electronics
ARW
$10.3B
$1.59M 0.01%
12,975
-5,786
-31% -$691K
HR icon
700
Healthcare Realty
HR
$6.73B
$1.57M 0.01%
91,353
+300
+0.3% +$4.58K
26 27
28
29 30

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.