STATE OF MICHIGAN RETIREMENT SYSTEM

Q4 2023 13F-HR Holdings

Location
East Lansing, MI
Holdings as of
12/31/2023
Date filed
1/23/2024
Form type
13F-HR
Num holdings
958
Total value ($000)
$16,807,846
Net value change ($000)
+1,348,500 (8.7%)
New positions
20
Sold out positions
26
Turnover %
1.0%
Sector allocation + QoQ delta (equities-only)
Prev filing: 10/27/2023 Next filing: 4/18/2024 SEC filing

Snapshot: Change Analysis

Compared to Q3 2023
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
MSFT 137,873 18.1%
AAPL 83,097 10.8%
AMZN 76,412 20.4%
SPY 75,842 5.0%
ADBE 66,886 99.7%
META 64,648 28.5%
AVGO 64,399 52.4%
AGG 53,053 120.7%
NVDA 52,942 13.4%
VZ 46,424 17.6%
Top Reduces (Value $000, Stocks/ETFs)
APO -90,110 -45.3%
LQD -75,599 -23.9%
TDOC -55,934 -95.1%
BMY -45,357 -58.6%
PAYC -40,034 -93.5%
XHB -28,331 -100.0%
OMF -27,463 -31.6%
GLOB -27,343 -100.0%
CVS -24,049 -42.9%
XLE -21,196 -55.8%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type