We are live on ! Find out more
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
CBT icon
801
Cabot Corp
CBT
$4.46B
$1.11M 0.01%
13,265
-100
-0.7% -$7.43K
NFG icon
802
National Fuel Gas
NFG
$7.78B
$1.1M 0.01%
22,012
+100
+0.5% +$5.16K
SRCL
803
DELISTED
Stericycle Inc
SRCL
$1.1M 0.01%
22,219
+100
+0.5% +$4.49K
MTZ icon
804
MasTec
MTZ
$21.5B
$1.1M 0.01%
14,539
+100
+0.7% +$6.25K
GBCI icon
805
Glacier Bancorp
GBCI
$6.35B
$1.1M 0.01%
26,636
+100
+0.4% +$3.4K
AVT icon
806
Avnet
AVT
$7.99B
$1.09M 0.01%
21,705
-100
-0.5% -$4.76K
RYN icon
807
Rayonier
RYN
$6.52B
$1.09M 0.01%
36,035
+110
+0.3% +$2.94K
EFOR
808
Everforth Inc
EFOR
$1.33B
$1.09M 0.01%
11,321
-200
-2% -$17.5K
LPX icon
809
Louisiana-Pacific
LPX
$5.2B
$1.09M 0.01%
15,358
– –
VNO icon
810
Vornado Realty Trust
VNO
$7.26B
$1.08M 0.01%
38,400
+100
+0.3% +$2.38K
RH icon
811
RH
RH
$3.47B
$1.08M 0.01%
3,715
– –
YETI icon
812
Yeti Holdings
YETI
$3.99B
$1.08M 0.01%
20,847
+100
+0.5% +$4.43K
CRUS icon
813
Cirrus Logic
CRUS
$6.11B
$1.08M 0.01%
12,941
-100
-0.8% -$7.49K
SYNA icon
814
Synaptics
SYNA
$4.09B
$1.08M 0.01%
9,433
– –
GAP
815
The Gap Inc
GAP
$7.74B
$1.08M 0.01%
51,430
+400
+0.8% +$6.45K
POST icon
816
Post Holdings
POST
$3.45B
$1.07M 0.01%
12,147
– –
EEFT icon
817
Euronet Worldwide
EEFT
$2.65B
$1.07M 0.01%
10,517
-800
-7% -$68.2K
EXPO icon
818
Exponent
EXPO
$3.28B
$1.07M 0.01%
12,100
-100
-0.8% -$8.19K
ETRN
819
DELISTED
Equitrans Midstream Corporation Common Stock
ETRN
$1.06M 0.01%
103,902
+300
+0.3% +$2.82K
POR icon
820
Portland General Electric
POR
$5.66B
$1.05M 0.01%
24,300
+100
+0.4% +$4.15K
PRGO icon
821
Perrigo
PRGO
$1.75B
$1.05M 0.01%
32,558
+200
+0.6% +$5.98K
WU icon
822
Western Union
WU
$2.19B
$1.04M 0.01%
87,466
-2,100
-2% -$25.6K
NJR icon
823
New Jersey Resources
NJR
$5.45B
$1.04M 0.01%
23,385
+100
+0.4% +$4.26K
HAE icon
824
Haemonetics
HAE
$3.94B
$1.04M 0.01%
12,174
+100
+0.8% +$8.64K
BYD icon
825
Boyd Gaming
BYD
$5.92B
$1.04M 0.01%
16,624
-400
-2% -$23.7K
31 32
33
34 35

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.