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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
ASH icon
826
Ashland
ASH
$3.45B
$1.04M 0.01%
12,339
+100
+0.8% +$7.93K
FLO icon
827
Flowers Foods
FLO
$1.51B
$1.04M 0.01%
46,142
+200
+0.4% +$4.31K
SLM icon
828
SLM Corp
SLM
$5.14B
$1.04M 0.01%
54,299
+300
+0.6% +$4.53K
THG icon
829
Hanover Insurance
THG
$7.86B
$1.04M 0.01%
8,532
– –
VAL icon
830
Valaris
VAL
$5.94B
$1.03M 0.01%
15,000
-200
-1% -$13.7K
AM icon
831
Antero Midstream
AM
$10.4B
$1.02M 0.01%
81,725
+300
+0.4% +$3.78K
RUN icon
832
Sunrun
RUN
$2.38B
$1.02M 0.01%
52,147
+200
+0.4% +$2.54K
GATX icon
833
GATX Corp
GATX
$6.23B
$1.02M 0.01%
8,512
– –
COKE icon
834
Coca-Cola Consolidated
COKE
$12.4B
$1.02M 0.01%
11,000
– –
TDC icon
835
Teradata
TDC
$2.58B
$1.02M 0.01%
23,442
-400
-2% -$18K
KRC icon
836
Kilroy Realty
KRC
$4.32B
$1.02M 0.01%
25,565
+100
+0.4% +$3.3K
LNTH icon
837
Lantheus
LNTH
$6.59B
$1.02M 0.01%
16,400
– –
SLAB icon
838
Silicon Laboratories
SLAB
$7.2B
$1M 0.01%
7,597
– –
HWC icon
839
Hancock Whitney
HWC
$6.23B
$1M 0.01%
20,640
+100
+0.5% +$4K
NSP icon
840
Insperity
NSP
$1.96B
$991K 0.01%
8,450
-200
-2% -$21.6K
NVST icon
841
Envista
NVST
$4.53B
$990K 0.01%
41,163
+2,000
+5% +$47.8K
ORA icon
842
Ormat Technologies
ORA
$6.87B
$978K 0.01%
12,900
+100
+0.8% +$6.79K
ENS icon
843
EnerSys
ENS
$6.79B
$976K 0.01%
9,672
-100
-1% -$9.2K
GT icon
844
Goodyear
GT
$1.74B
$974K 0.01%
68,026
+300
+0.4% +$3.99K
MDU icon
845
MDU Resources
MDU
$4.29B
$967K 0.01%
88,120
+180
+0.2% +$1.9K
FCFS icon
846
FirstCash
FCFS
$9.05B
$966K 0.01%
8,915
+100
+1% +$10.8K
JHG
847
DELISTED
Janus Henderson
JHG
$959K 0.01%
31,813
+100
+0.3% +$2.58K
NEOG icon
848
Neogen
NEOG
$2.49B
$950K 0.01%
47,253
+200
+0.4% +$3.38K
BCO icon
849
Brink's
BCO
$4.55B
$948K 0.01%
10,777
-300
-3% -$23K
PENN icon
850
PENN Entertainment
PENN
$2.53B
$947K 0.01%
36,400
+300
+0.8% +$6.96K
32 33
34
35 36

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.