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
CRI icon
926
Carter's
CRI
$1.48B
$661K ﹤0.01%
8,829
-100
-1% -$6.94K
COLM icon
927
Columbia Sportswear
COLM
$2.91B
$658K ﹤0.01%
8,274
-100
-1% -$7.62K
CXT icon
928
Crane NXT
CXT
$2.98B
$658K ﹤0.01%
11,572
– –
WERN icon
929
Werner Enterprises
WERN
$2.23B
$644K ﹤0.01%
15,198
– –
GO icon
930
Grocery Outlet
GO
$975M
$641K ﹤0.01%
23,780
+200
+0.8% +$5.6K
SMG icon
931
ScottsMiracle-Gro
SMG
$3.57B
$638K ﹤0.01%
10,000
+100
+1% +$5.4K
TPL icon
932
Texas Pacific Land
TPL
$24.2B
$629K ﹤0.01%
3,600
– –
Z icon
933
Zillow
Z
$7.49B
$625K ﹤0.01%
10,800
+3,900
+57% +$172K
CALX icon
934
Calix
CALX
$2.46B
$612K ﹤0.01%
14,018
-100
-0.7% -$4K
NVTA
935
DELISTED
Invitae Corporation
NVTA
$602K ﹤0.01%
959,939
-1,000,000
-51% -$598K
CABO icon
936
Cable One
CABO
$202M
$589K ﹤0.01%
1,059
– –
PDCO
937
DELISTED
Patterson Companies, Inc.
PDCO
$581K ﹤0.01%
20,426
+100
+0.5% +$2.94K
GHC icon
938
Graham Holdings Company
GHC
$4.97B
$566K ﹤0.01%
812
-100
-11% -$62.2K
ALGM icon
939
Allegro MicroSystems
ALGM
$8.05B
$518K ﹤0.01%
17,100
+100
+0.6% +$2.86K
RCM
940
DELISTED
R1 RCM Inc. Common Stock
RCM
$499K ﹤0.01%
47,201
+100
+0.2% +$1.13K
SSNC icon
941
SS&C Technologies
SSNC
$18.7B
$487K ﹤0.01%
7,970
+800
+11% +$43.7K
LBTYK icon
942
Liberty Global Class C
LBTYK
$3.43B
$484K ﹤0.01%
25,950
-9,500
-27% -$165K
JWN
943
DELISTED
Nordstrom
JWN
$430K ﹤0.01%
23,308
+100
+0.4% +$1.53K
GEF icon
944
Greif
GEF
$4.98B
$403K ﹤0.01%
6,139
– –
SHC icon
945
Sotera Health
SHC
$5.39B
$399K ﹤0.01%
23,700
+100
+0.4% +$1.42K
UAA icon
946
Under Armour
UAA
$2.4B
$398K ﹤0.01%
45,300
+200
+0.4% +$1.54K
UA icon
947
Under Armour Class C
UA
$2.35B
$387K ﹤0.01%
46,400
-1,400
-3% -$10.1K
LPLA icon
948
LPL Financial
LPLA
$29.2B
$387K ﹤0.01%
1,700
+300
+21% +$67.4K
CNH
949
CNH Industrial
CNH
$16.8B
$364K ﹤0.01%
+29,900
New +$334K
RPRX icon
950
Royalty Pharma
RPRX
$25.5B
$334K ﹤0.01%
11,900
+4,300
+57% +$118K
36 37
38
39 40

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.