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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
+9.09%
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
$14.4B
AUM Growth
+$740M
Cap. Flow
-$204M
Cap. Flow %
-1.42%
Top 10 Hldgs %
31.67%
Holding
983
New
17
Increased
553
Reduced
277
Closed
16

Top Buys

Rank Stock Value
1
VZ icon
Verizon
VZ
+$37.9M
2
ISRG icon
Intuitive Surgical
ISRG
+$24.2M
3
XLE icon
State Street Energy Select Sector SPDR ETF
XLE
+$21.8M
4
V icon
Visa
V
+$13.9M
5
PAYC icon
Paycom
PAYC
+$8.65M

Top Sells

Rank Stock Value
1
APO icon
Apollo Global Management
APO
+$94.4M
2
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$81.5M
3
MSFT icon
Microsoft
MSFT
+$37.3M
4
META icon
Meta Platforms (Facebook)
META
+$32.9M
5
ACN icon
Accenture
ACN
+$27.7M

Sector Composition

Rank Sector Weight
1 Technology 19.7%
2 Healthcare 12.61%
3 Financials 11.97%
4 Communication Services 9.39%
5 Consumer Discretionary 7.59%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
KHC icon
226
Kraft Heinz
KHC
$29.3B
$11.1M 0.08%
271,639
+1,400
+0.5% +$53.2K
PRU icon
227
Prudential Financial
PRU
$41.9B
$11M 0.08%
110,155
-1,800
-2% -$182K
ROST icon
228
Ross Stores
ROST
$81.5B
$11M 0.08%
94,356
-400
-0.4% -$40.8K
WMB icon
229
Williams Companies
WMB
$87.6B
$10.9M 0.08%
331,021
+1,200
+0.4% +$39.1K
MAR icon
230
Marriott International
MAR
$90.6B
$10.9M 0.08%
73,136
-1,500
-2% -$231K
DHI icon
231
D.R. Horton
DHI
$40.9B
$10.8M 0.08%
121,499
-15,800
-12% -$1.27M
AJG icon
232
Arthur J. Gallagher & Co
AJG
$64.5B
$10.8M 0.08%
57,287
+400
+0.7% +$74.8K
PAYX icon
233
Paychex
PAYX
$42.9B
$10.8M 0.08%
93,177
+1,100
+1% +$129K
PCAR icon
234
PACCAR
PCAR
$68.8B
$10.7M 0.07%
162,317
+750
+0.5% +$49K
HES
235
DELISTED
Hess
HES
$10.7M 0.07%
75,441
– –
FOUR icon
236
Shift4
FOUR
$3.39B
$10.6M 0.07%
189,000
+93,000
+97% +$4.4M
CMI icon
237
Cummins
CMI
$87.9B
$10.5M 0.07%
43,537
+100
+0.2% +$23.8K
SYY icon
238
Sysco
SYY
$40.2B
$10.5M 0.07%
137,717
-200
-0.1% -$16.2K
TT icon
239
Trane Technologies
TT
$105B
$10.5M 0.07%
62,613
-100
-0.2% -$16.5K
MCHP icon
240
Microchip Technology
MCHP
$44.7B
$10.5M 0.07%
149,518
– –
XEL icon
241
Xcel Energy
XEL
$47.7B
$10.4M 0.07%
148,694
+700
+0.5% +$46.6K
IQV icon
242
IQVIA
IQV
$40B
$10.3M 0.07%
50,494
– –
STZ icon
243
Constellation Brands
STZ
$22.8B
$10.2M 0.07%
44,158
+1,000
+2% +$239K
NEM icon
244
Newmont
NEM
$123B
$10.2M 0.07%
215,745
+900
+0.4% +$40.2K
ED icon
245
Consolidated Edison
ED
$39.3B
$10.2M 0.07%
106,742
-800
-0.7% -$72.8K
PH icon
246
Parker-Hannifin
PH
$134B
$10.2M 0.07%
34,896
+200
+0.6% +$57.2K
XYZ
247
Block Inc
XYZ
$47.7B
$10.1M 0.07%
161,246
+21,600
+15% +$1.33M
BNY
248
Bank of New York Mellon
BNY
$108B
$10.1M 0.07%
221,855
+900
+0.4% +$38.6K
GPN icon
249
Global Payments
GPN
$22.7B
$9.92M 0.07%
99,878
+1,100
+1% +$115K
CHTR icon
250
Charter Communications
CHTR
$18.4B
$9.9M 0.07%
29,197
-800
-3% -$281K
8 9
10
11 12

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 2022 Portfolio in Review

As of Q4 2022, State of Michigan Retirement System held 983 positions worth $14.4B, up 5.4% from $13.6B the previous quarter. Its ten largest holdings account for 32% of the portfolio.

Trading was light in Q4 2022: portfolio turnover was 3.4%. State of Michigan Retirement System opened 17 new positions and exited 16, leaving the 983-position portfolio largely intact.

By sector, the portfolio is most concentrated in Technology at 20% of assets, down from 21% a quarter earlier, followed by Healthcare and Financials.

  • State of Michigan Retirement System's largest Q4 2022 buy was State Street Energy Select Sector SPDR ETF: 500,000 shares worth $21.9M.
  • State of Michigan Retirement System added most to Verizon in Q4 2022, an estimated $37.9M increase.
  • State of Michigan Retirement System's biggest Q4 2022 reduction was Apollo Global Management, cutting an estimated $94.4M.
  • State of Michigan Retirement System fully exited Twitter, Inc. in Q4 2022, selling an estimated $11.9M.
  • State of Michigan Retirement System's ten largest holdings make up 32% of its $14.4B portfolio in Q4 2022.
  • State of Michigan Retirement System opened 17 new positions and closed 16 in Q4 2022.
  • State of Michigan Retirement System's portfolio value rose 5.4% quarter-over-quarter to $14.4B.

Based on State of Michigan Retirement System's 13F filing for Q4 2022, filed 27 Jan 2023.