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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
TMUS icon
126
T-Mobile US
TMUS
$190B
$22.3M 0.13%
139,341
-2,600
-2% -$385K
MO icon
127
Altria Group
MO
$114B
$21.8M 0.13%
541,510
-1,400
-0.3% -$57.9K
FISV
128
Fiserv Inc
FISV
$27.9B
$21.8M 0.13%
164,334
-2,800
-2% -$344K
ITW icon
129
Illinois Tool Works
ITW
$84.5B
$21.4M 0.13%
81,836
-400
-0.5% -$95.9K
SNPS icon
130
Synopsys
SNPS
$79.7B
$21.4M 0.13%
41,627
-100
-0.2% -$51.1K
CDNS icon
131
Cadence Design Systems
CDNS
$93.4B
$21.4M 0.13%
78,523
+100
+0.1% +$25.8K
CPRT icon
132
Copart
CPRT
$27.5B
$21.4M 0.13%
436,008
-12,968
-3% -$613K
SO icon
133
Southern Company
SO
$107B
$20.9M 0.12%
298,623
-300
-0.1% -$20.6K
EW icon
134
Edwards Lifesciences
EW
$51.7B
$20.8M 0.12%
272,851
+400
+0.1% +$27.8K
CME icon
135
CME Group
CME
$94.8B
$20.8M 0.12%
98,544
-100
-0.1% -$21.3K
EQIX icon
136
Equinix
EQIX
$103B
$20.7M 0.12%
25,717
+100
+0.4% +$76.8K
SPOT icon
137
Spotify
SPOT
$100B
$20.7M 0.12%
110,031
– –
DUK icon
138
Duke Energy
DUK
$97.3B
$20.5M 0.12%
211,036
-200
-0.1% -$18.2K
SLB icon
139
SLB Ltd
SLB
$75B
$20.3M 0.12%
391,038
+1,400
+0.4% +$76.1K
SHW icon
140
Sherwin-Williams
SHW
$89.8B
$20.1M 0.12%
64,456
-400
-0.6% -$108K
TLT icon
141
iShares 20+ Year Treasury Bond ETF
TLT
$40.9B
$19.8M 0.12%
200,000
+50,000
+33% +$4.52M
ICLR icon
142
Icon
ICLR
$12.7B
$19.7M 0.12%
69,670
– –
GM icon
143
General Motors
GM
$76.8B
$19.7M 0.12%
547,908
+27,500
+5% +$850K
BDX icon
144
Becton Dickinson
BDX
$48.2B
$19.4M 0.12%
79,388
-100
-0.1% -$24.6K
EOG icon
145
EOG Resources
EOG
$70.7B
$19.3M 0.11%
159,652
– –
LULU icon
146
lululemon athletica
LULU
$14.6B
$19.3M 0.11%
37,708
+32,400
+610% +$14M
USB icon
147
US Bancorp
USB
$99.6B
$19.2M 0.11%
443,382
+16,600
+4% +$607K
NXPI icon
148
NXP Semiconductors
NXPI
$60.4B
$19M 0.11%
82,868
+2,000
+2% +$403K
CSX icon
149
CSX Corp
CSX
$93.1B
$18.8M 0.11%
540,984
-9,000
-2% -$287K
XYZ
150
Block Inc
XYZ
$47.5B
$18.7M 0.11%
241,246
+80,000
+50% +$4.52M
4 5
6
7 8

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
AM
AGF Management Toronto, Ontario, Canada $22.3B AUM 46.42% 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

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.