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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
EVR icon
726
Evercore
EVR
$11.5B
$1.42M 0.01%
8,305
– –
CMC icon
727
Commercial Metals
CMC
$8.1B
$1.4M 0.01%
28,037
+100
+0.4% +$4.56K
CIVI
728
DELISTED
Civitas Resources
CIVI
$1.4M 0.01%
20,500
+200
+1% +$14.3K
CPRI icon
729
Capri Holdings
CPRI
$1.75B
$1.4M 0.01%
27,865
+100
+0.4% +$4.99K
G icon
730
Genpact
G
$5.73B
$1.39M 0.01%
40,084
+200
+0.5% +$6.9K
H icon
731
Hyatt Hotels
H
$16B
$1.38M 0.01%
+10,600
New +$1.2M
CR icon
732
Crane Co
CR
$12.7B
$1.38M 0.01%
11,672
– –
GTLS
733
DELISTED
Chart Industries
GTLS
$1.38M 0.01%
10,100
+100
+1% +$13.5K
TMHC
734
DELISTED
Taylor Morrison
TMHC
$1.38M 0.01%
25,795
-400
-2% -$17.9K
COHR icon
735
Coherent
COHR
$63.6B
$1.38M 0.01%
31,606
+500
+2% +$18K
WTS icon
736
Watts Water Technologies
WTS
$12.8B
$1.37M 0.01%
6,595
– –
CHX
737
DELISTED
ChampionX
CHX
$1.36M 0.01%
46,695
-300
-0.6% -$9.28K
ST icon
738
Sensata Technologies
ST
$6.66B
$1.36M 0.01%
36,300
-4,620
-11% -$160K
HQY icon
739
HealthEquity
HQY
$8.93B
$1.36M 0.01%
20,522
+100
+0.5% +$6.93K
WTFC icon
740
Wintrust Financial
WTFC
$10.7B
$1.36M 0.01%
14,663
– –
CROX icon
741
Crocs
CROX
$6.63B
$1.36M 0.01%
14,538
-200
-1% -$18.5K
ESNT icon
742
Essent Group
ESNT
$6.23B
$1.35M 0.01%
25,633
+100
+0.4% +$4.89K
FYBR
743
DELISTED
Frontier Communications
FYBR
$1.35M 0.01%
53,100
+200
+0.4% +$4.04K
COLB icon
744
Columbia Banking Systems
COLB
$8.84B
$1.34M 0.01%
50,041
+200
+0.4% +$4.45K
SNX icon
745
TD Synnex
SNX
$20.3B
$1.33M 0.01%
12,321
+900
+8% +$88.3K
CNM icon
746
Core & Main
CNM
$8.67B
$1.33M 0.01%
+32,800
New +$1.11M
SNV
747
DELISTED
Synovus
SNV
$1.32M 0.01%
35,104
+200
+0.6% +$6.11K
M icon
748
Macy's
M
$6.55B
$1.32M 0.01%
65,670
+500
+0.8% +$7.24K
SON icon
749
Sonoco
SON
$5.72B
$1.32M 0.01%
23,551
+100
+0.4% +$5.42K
GTM
750
ZoomInfo Technologies
GTM
$1.23B
$1.31M 0.01%
71,100
-1,800
-2% -$28.2K
28 29
30
31 32

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.