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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
WMT icon
51
Walmart Inc
WMT
$890B
$61.6M 0.37%
1,171,620
-2,100
-0.2% -$111K
OMF icon
52
OneMain Financial
OMF
$7.47B
$59.5M 0.35%
1,210,000
-960,000
-44% -$39.2M
CRWD icon
53
CrowdStrike
CRWD
$218B
$59.5M 0.35%
932,000
– –
MCD icon
54
McDonald's
MCD
$195B
$58.9M 0.35%
198,615
-1,200
-0.6% -$327K
BA icon
55
Boeing
BA
$185B
$58.8M 0.35%
225,696
+70,300
+45% +$15M
LIN icon
56
Linde
LIN
$226B
$57.3M 0.34%
139,404
+5,600
+4% +$2.21M
WFC icon
57
Wells Fargo
WFC
$264B
$52.7M 0.31%
1,070,749
-24,700
-2% -$1.07M
ABT icon
58
Abbott
ABT
$187B
$52.3M 0.31%
475,157
-13,800
-3% -$1.38M
PFE icon
59
Pfizer
PFE
$153B
$51.2M 0.3%
1,777,284
+6,900
+0.4% +$209K
MBB icon
60
iShares MBS ETF
MBB
$39.1B
$50.9M 0.3%
540,800
– –
CMCSA icon
61
Comcast
CMCSA
$90B
$48.2M 0.29%
1,099,389
-28,900
-3% -$1.24M
CMG icon
62
Chipotle Mexican Grill
CMG
$41.5B
$47.3M 0.28%
1,034,900
+105,000
+11% +$4.37M
IBM icon
63
IBM
IBM
$224B
$47.3M 0.28%
289,286
+1,700
+0.6% +$257K
QCOM icon
64
Qualcomm
QCOM
$176B
$46.4M 0.28%
321,066
-5,200
-2% -$644K
ORCL icon
65
Oracle
ORCL
$423B
$45.9M 0.27%
435,032
+3,500
+0.8% +$382K
TXN icon
66
Texas Instruments
TXN
$261B
$45.1M 0.27%
264,665
-1,900
-0.7% -$294K
AMAT icon
67
Applied Materials
AMAT
$428B
$44.1M 0.26%
272,355
+300
+0.1% +$44.1K
COP icon
68
ConocoPhillips
COP
$141B
$42.7M 0.25%
368,091
-8,000
-2% -$936K
AMGN icon
69
Amgen
AMGN
$222B
$42.2M 0.25%
146,497
-100
-0.1% -$27.2K
NKE icon
70
Nike
NKE
$61.9B
$42.1M 0.25%
387,915
+1,000
+0.3% +$107K
DHR icon
71
Danaher
DHR
$144B
$41.7M 0.25%
180,046
-23,159
-11% -$4.93M
CAT icon
72
Caterpillar
CAT
$387B
$41.3M 0.25%
139,672
-200
-0.1% -$51.9K
UNP icon
73
Union Pacific
UNP
$174B
$41M 0.24%
166,945
-100
-0.1% -$22K
PM icon
74
Philip Morris
PM
$295B
$40M 0.24%
425,058
-500
-0.1% -$46.1K
NOW icon
75
ServiceNow
NOW
$129B
$39.7M 0.24%
280,775
+1,000
+0.4% +$126K
1 2
3
4 5

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
AM
AGF Management Toronto, Ontario, Canada $22.3B AUM 46.42% 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
Luther King Capital Management (LKCM)
Luther King Capital Management (LKCM) Fort Worth, Texas $23.1B AUM 21.31% 1-Year Est. Return
DSA
Davis Selected Advisers Tucson, Arizona $21.8B AUM 23.45% 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.