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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
VC icon
876
Visteon
VC
$2.79B
$838K 0.01%
6,707
– –
LEG icon
877
Leggett & Platt
LEG
$1.28B
$836K 0.01%
31,948
+100
+0.3% +$2.45K
IRT icon
878
Independence Realty Trust
IRT
$3.95B
$825K ﹤0.01%
53,900
+300
+0.6% +$4.16K
AMKR icon
879
Amkor Technology
AMKR
$13.3B
$823K ﹤0.01%
24,749
+100
+0.4% +$2.63K
MZTI
880
The Marzetti Company
MZTI
$3.12B
$821K ﹤0.01%
4,932
+100
+2% +$16.8K
ADNT icon
881
Adient
ADNT
$1.46B
$817K ﹤0.01%
22,456
+100
+0.4% +$3.43K
BHF icon
882
Brighthouse Financial
BHF
$3.47B
$813K ﹤0.01%
15,368
-300
-2% -$14.9K
NWS icon
883
News Corp Class B
NWS
$17.6B
$809K ﹤0.01%
31,445
-200
-0.6% -$4.53K
NARI
884
DELISTED
Inari Medical, Inc. Common Stock
NARI
$799K ﹤0.01%
12,300
+100
+0.8% +$6.02K
DOCS icon
885
Doximity
DOCS
$4.61B
$794K ﹤0.01%
28,300
-1,700
-6% -$40.2K
CAR icon
886
Avis
CAR
$4.91B
$793K ﹤0.01%
4,473
-300
-6% -$54.7K
SBRA icon
887
Sabra Healthcare REIT
SBRA
$5.28B
$791K ﹤0.01%
55,449
+200
+0.4% +$2.84K
SAM icon
888
Boston Beer
SAM
$1.86B
$789K ﹤0.01%
2,283
– –
SR icon
889
Spire
SR
$4.79B
$788K ﹤0.01%
12,636
+100
+0.8% +$5.97K
ARWR icon
890
Arrowhead Research
ARWR
$12.5B
$786K ﹤0.01%
25,670
– –
WEN icon
891
Wendy's
WEN
$1.37B
$781K ﹤0.01%
40,085
-400
-1% -$7.7K
LTHM
892
DELISTED
Livent Corporation
LTHM
$773K ﹤0.01%
+43,000
New +$670K
BDC icon
893
Belden
BDC
$5.3B
$772K ﹤0.01%
9,998
-100
-1% -$7.43K
PK icon
894
Park Hotels & Resorts
PK
$2.91B
$772K ﹤0.01%
50,429
-1,100
-2% -$15.2K
IPGP icon
895
IPG Photonics
IPGP
$3.66B
$771K ﹤0.01%
7,100
– –
NSA
896
DELISTED
National Storage Affiliates Trust
NSA
$767K ﹤0.01%
18,501
-1,300
-7% -$43.6K
ASB icon
897
Associated Banc-Corp
ASB
$5.9B
$763K ﹤0.01%
35,678
-400
-1% -$7.2K
CNX icon
898
CNX Resources
CNX
$5.33B
$762K ﹤0.01%
38,102
-500
-1% -$10.7K
DOC
899
DELISTED
PHYSICIANS REALTY TRUST
DOC
$762K ﹤0.01%
57,220
+200
+0.4% +$2.38K
PAG icon
900
Penske Automotive Group
PAG
$14.2B
$754K ﹤0.01%
4,700
– –
34 35
36
37 38

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
Luther King Capital Management (LKCM)
Luther King Capital Management (LKCM) Fort Worth, Texas $23.1B AUM 21.31% 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

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.