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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
WOLF icon
751
Wolfspeed
WOLF
$1.52B
$1.31M 0.01%
30,022
+300
+1% +$10.9K
FLS icon
752
Flowserve
FLS
$10.1B
$1.3M 0.01%
31,468
+100
+0.3% +$3.84K
CADE
753
DELISTED
Cadence Bank
CADE
$1.3M 0.01%
43,810
+200
+0.5% +$4.88K
MTG icon
754
MGIC Investment
MTG
$6.21B
$1.28M 0.01%
66,517
-1,000
-1% -$17.7K
RLI icon
755
RLI Corp
RLI
$5.83B
$1.28M 0.01%
19,232
– –
VNT icon
756
Vontier
VNT
$4.63B
$1.28M 0.01%
37,015
– –
DTM icon
757
DT Midstream
DTM
$13.7B
$1.27M 0.01%
23,255
+100
+0.4% +$5.51K
OZK icon
758
Bank OZK
OZK
$5.63B
$1.26M 0.01%
25,212
+100
+0.4% +$4.12K
MASI
759
DELISTED
Masimo
MASI
$1.25M 0.01%
10,696
+100
+0.9% +$9.32K
VVV icon
760
Valvoline
VVV
$4.3B
$1.25M 0.01%
33,315
+200
+0.6% +$6.7K
TKR icon
761
Timken Company
TKR
$8.77B
$1.24M 0.01%
15,523
-100
-0.6% -$7.36K
FOX icon
762
Fox Class B
FOX
$23.6B
$1.24M 0.01%
44,931
-1,300
-3% -$36.5K
UGI icon
763
UGI
UGI
$7.29B
$1.24M 0.01%
50,258
+200
+0.4% +$4.41K
DLB icon
764
Dolby
DLB
$5.82B
$1.23M 0.01%
14,300
+100
+0.7% +$8.43K
PR
765
Permian Resources
PR
$17.8B
$1.23M 0.01%
90,400
+24,000
+36% +$329K
AMG icon
766
Affiliated Managers Group
AMG
$9.6B
$1.23M 0.01%
8,119
-300
-4% -$40.3K
MMS icon
767
Maximus
MMS
$2.9B
$1.23M 0.01%
14,618
+100
+0.7% +$7.98K
IRDM icon
768
Iridium Communications
IRDM
$5.23B
$1.22M 0.01%
29,759
-100
-0.3% -$3.96K
AIRC
769
DELISTED
Apartment Income REIT Corp.
AIRC
$1.22M 0.01%
35,250
-400
-1% -$12.5K
R icon
770
Ryder
R
$9.98B
$1.22M 0.01%
10,630
-300
-3% -$31.5K
EXLS icon
771
EXL Service
EXLS
$5.32B
$1.22M 0.01%
39,600
– –
UBSI icon
772
United Bankshares
UBSI
$6.58B
$1.22M 0.01%
32,413
+200
+0.6% +$6.35K
PII icon
773
Polaris
PII
$3.97B
$1.21M 0.01%
12,779
– –
MTSI icon
774
MACOM Technology Solutions
MTSI
$22.7B
$1.21M 0.01%
13,000
+100
+0.8% +$8.22K
NXST icon
775
Nexstar Media Group
NXST
$5.91B
$1.21M 0.01%
7,700
-300
-4% -$43.9K
29 30
31
32 33

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.