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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
SAIC icon
701
Saic
SAIC
$5.3B
$1.57M 0.01%
12,655
-200
-2% -$23.3K
RL icon
702
Ralph Lauren
RL
$24.2B
$1.57M 0.01%
10,880
-200
-2% -$24.8K
MKSI icon
703
MKS Inc
MKSI
$19.8B
$1.55M 0.01%
15,040
– –
AR icon
704
Antero Resources
AR
$11.4B
$1.54M 0.01%
67,800
+300
+0.4% +$7.6K
SSB icon
705
SouthState Bank Corp
SSB
$10.5B
$1.54M 0.01%
18,200
– –
PB icon
706
Prosperity Bancshares
PB
$8.81B
$1.52M 0.01%
22,497
+100
+0.4% +$5.85K
CBSH icon
707
Commerce Bancshares
CBSH
$8.44B
$1.52M 0.01%
31,400
-1
-0% -$43
ADC icon
708
Agree Realty
ADC
$9.22B
$1.52M 0.01%
24,100
+1,100
+5% +$63.8K
THO icon
709
Thor Industries
THO
$4.14B
$1.52M 0.01%
12,818
+100
+0.8% +$10K
AYI icon
710
Acuity Brands
AYI
$10.6B
$1.51M 0.01%
7,394
-100
-1% -$18.1K
MTDR icon
711
Matador Resources
MTDR
$6.49B
$1.51M 0.01%
26,600
+100
+0.4% +$5.85K
MUR icon
712
Murphy Oil
MUR
$5.09B
$1.5M 0.01%
35,247
-200
-0.6% -$8.76K
STWD icon
713
Starwood Property Trust
STWD
$6.16B
$1.5M 0.01%
71,400
+400
+0.6% +$7.86K
ROVR
714
DELISTED
Rover Group, Inc. Class A Common Stock
ROVR
$1.5M 0.01%
+137,631
New +$1.16M
PLNT icon
715
Planet Fitness
PLNT
$3.7B
$1.5M 0.01%
20,500
+300
+1% +$18.4K
MHK icon
716
Mohawk Industries
MHK
$9.19B
$1.5M 0.01%
14,445
-4,636
-24% -$406K
MSA icon
717
Mine Safety
MSA
$7.45B
$1.49M 0.01%
8,855
– –
HXL icon
718
Hexcel
HXL
$7.63B
$1.49M 0.01%
20,197
– –
HLI icon
719
Houlihan Lokey
HLI
$8.62B
$1.49M 0.01%
+12,400
New +$1.34M
SRC
720
DELISTED
SPIRIT REALTY CAPITAL, INC.
SRC
$1.48M 0.01%
33,916
+100
+0.3% +$3.86K
GMED icon
721
Globus Medical
GMED
$11.7B
$1.47M 0.01%
27,661
-400
-1% -$19.5K
AA icon
722
Alcoa
AA
$13.6B
$1.45M 0.01%
42,775
+100
+0.2% +$2.71K
SIGI icon
723
Selective Insurance
SIGI
$5.66B
$1.45M 0.01%
14,581
+100
+0.7% +$10.3K
NOVT icon
724
Novanta
NOVT
$6.2B
$1.45M 0.01%
8,600
– –
OPCH icon
725
Option Care Health
OPCH
$3.67B
$1.43M 0.01%
42,459
-500
-1% -$15.4K
27 28
29
30 31

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.