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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
WLK icon
776
Westlake Corp
WLK
$10.1B
$1.2M 0.01%
8,600
– –
KRG icon
777
Kite Realty
KRG
$5.29B
$1.2M 0.01%
52,595
+200
+0.4% +$4.27K
IDA icon
778
Idacorp
IDA
$8.08B
$1.19M 0.01%
12,120
– –
ONB icon
779
Old National Bancorp
ONB
$10.1B
$1.19M 0.01%
70,242
+300
+0.4% +$4.5K
FNB icon
780
FNB Corp
FNB
$6.75B
$1.18M 0.01%
86,051
+300
+0.3% +$3.55K
ESAB icon
781
ESAB
ESAB
$5.32B
$1.18M 0.01%
13,602
+100
+0.7% +$7.58K
TKO icon
782
TKO Group
TKO
$13.8B
$1.18M 0.01%
14,410
+3,700
+35% +$294K
SFM icon
783
Sprouts Farmers Market
SFM
$7.96B
$1.17M 0.01%
24,396
– –
HALO icon
784
Halozyme
HALO
$12.2B
$1.17M 0.01%
31,738
+200
+0.6% +$7.53K
VMI icon
785
Valmont Industries
VMI
$9.5B
$1.16M 0.01%
4,988
– –
PBF icon
786
PBF Energy
PBF
$7.86B
$1.15M 0.01%
26,100
-200
-0.8% -$9.08K
KBH icon
787
KB Home
KBH
$3.47B
$1.15M 0.01%
18,338
-200
-1% -$10.3K
KD icon
788
Kyndryl
KD
$2.97B
$1.14M 0.01%
55,034
+300
+0.5% +$5.13K
HOMB icon
789
Home BancShares
HOMB
$6.17B
$1.14M 0.01%
45,030
– –
MSM icon
790
MSC Industrial Direct
MSM
$6.87B
$1.13M 0.01%
11,165
-200
-2% -$19.8K
DELL icon
791
Dell
DELL
$296B
$1.13M 0.01%
14,758
-1,100
-7% -$77.7K
GME icon
792
GameStop
GME
$8.43B
$1.13M 0.01%
64,400
+300
+0.5% +$4.4K
OLLI icon
793
Ollie's Bargain Outlet
OLLI
$4.8B
$1.12M 0.01%
14,803
– –
CC icon
794
Chemours
CC
$2.2B
$1.12M 0.01%
35,579
+200
+0.6% +$5.43K
CNXC icon
795
Concentrix
CNXC
$1.56B
$1.12M 0.01%
11,391
+1,100
+11% +$95.8K
HOG icon
796
Harley-Davidson
HOG
$2.72B
$1.12M 0.01%
30,361
-500
-2% -$15.4K
POWI icon
797
Power Integrations
POWI
$3.46B
$1.12M 0.01%
13,618
-100
-0.7% -$7.67K
COTY icon
798
Coty
COTY
$2.51B
$1.12M 0.01%
89,898
+4,300
+5% +$46.5K
KEX icon
799
Kirby Corp
KEX
$7B
$1.11M 0.01%
14,159
-100
-0.7% -$7.82K
VLY icon
800
Valley National Bancorp
VLY
$8.1B
$1.11M 0.01%
102,281
+300
+0.3% +$2.69K
30 31
32
33 34

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.