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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
ODFL icon
176
Old Dominion Freight Line
ODFL
$44.9B
$15.7M 0.09%
77,388
-400
-0.5% -$79.3K
HUM icon
177
Humana
HUM
$46.2B
$15.4M 0.09%
33,725
-200
-0.6% -$98.6K
MPC icon
178
Marathon Petroleum
MPC
$83.7B
$15.4M 0.09%
103,910
-5,700
-5% -$846K
PCAR icon
179
PACCAR
PCAR
$70.1B
$15.4M 0.09%
157,866
+800
+0.5% +$71.9K
ORLY icon
180
O'Reilly Automotive
ORLY
$76.3B
$15.4M 0.09%
242,445
-6,000
-2% -$379K
CTAS icon
181
Cintas
CTAS
$81.3B
$15.3M 0.09%
101,772
+400
+0.4% +$53.6K
TT icon
182
Trane Technologies
TT
$106B
$15.2M 0.09%
62,513
-100
-0.2% -$21.9K
MAR icon
183
Marriott International
MAR
$92.3B
$15.2M 0.09%
67,536
-1,100
-2% -$223K
EMR icon
184
Emerson Electric
EMR
$88.3B
$15.2M 0.09%
156,120
-500
-0.3% -$45.8K
SRE icon
185
Sempra
SRE
$54.8B
$15.1M 0.09%
201,520
+29,000
+17% +$2.07M
COF icon
186
Capital One
COF
$134B
$15M 0.09%
114,056
-3,700
-3% -$399K
HCA icon
187
HCA Healthcare
HCA
$89.5B
$14.7M 0.09%
54,209
-1,000
-2% -$247K
BABA icon
188
Alibaba
BABA
$308B
$14.7M 0.09%
189,250
– –
PSA icon
189
Public Storage
PSA
$61.3B
$14.6M 0.09%
48,021
+200
+0.4% +$53.1K
NSC icon
190
Norfolk Southern
NSC
$75.1B
$14.6M 0.09%
61,890
-300
-0.5% -$62.9K
TFC icon
191
Truist Financial
TFC
$64B
$14.5M 0.09%
394,043
+3,300
+0.8% +$104K
SPG icon
192
Simon Property Group
SPG
$72.3B
$14.5M 0.09%
101,649
-1,100
-1% -$133K
ADSK icon
193
Autodesk
ADSK
$52.6B
$14.4M 0.09%
59,323
-100
-0.2% -$21.6K
MCHP icon
194
Microchip Technology
MCHP
$46B
$14.4M 0.09%
159,718
+10,500
+7% +$855K
PXD
195
DELISTED
Pioneer Natural Resource Co.
PXD
$14.4M 0.09%
63,877
– –
AIG icon
196
American International
AIG
$41.3B
$14.3M 0.08%
210,367
-8,700
-4% -$554K
MSI icon
197
Motorola Solutions
MSI
$77.4B
$14.2M 0.08%
45,408
-400
-0.9% -$121K
TEL icon
198
TE Connectivity
TEL
$62.6B
$13.8M 0.08%
98,523
+1,000
+1% +$129K
VLO icon
199
Valero Energy
VLO
$85.9B
$13.8M 0.08%
106,062
-2,100
-2% -$267K
ECL icon
200
Ecolab
ECL
$79.9B
$13.8M 0.08%
69,440
-100
-0.1% -$18K
6 7
8
9 10

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.