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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
ECL icon
251
Ecolab
ECL
$79.7B
$9.8M 0.07%
67,340
+200
+0.3% +$29.4K
YUM icon
252
Yum! Brands
YUM
$39.7B
$9.8M 0.07%
76,514
-500
-0.6% -$60.6K
ENPH icon
253
Enphase Energy
ENPH
$5.41B
$9.78M 0.07%
36,915
+300
+0.8% +$87.3K
ALL icon
254
Allstate
ALL
$68.2B
$9.78M 0.07%
72,089
-1,100
-2% -$144K
KMI icon
255
Kinder Morgan
KMI
$69.9B
$9.72M 0.07%
537,545
-98,340
-15% -$1.77M
HAL icon
256
Halliburton
HAL
$28B
$9.71M 0.07%
246,822
+1,400
+0.6% +$49.5K
KR icon
257
Kroger
KR
$34.6B
$9.64M 0.07%
216,287
+1,400
+0.7% +$64.3K
DOW icon
258
Dow Inc
DOW
$22.1B
$9.64M 0.07%
191,311
-3,100
-2% -$151K
CEG icon
259
Constellation Energy
CEG
$95.8B
$9.44M 0.07%
109,527
-6,700
-6% -$603K
CELH icon
260
Celsius Holdings
CELH
$6.89B
$9.39M 0.07%
270,900
+600
+0.2% +$19.6K
CARR icon
261
Carrier Global
CARR
$52.3B
$9.38M 0.07%
227,325
-500
-0.2% -$20.3K
WBA
262
DELISTED
Walgreens Boots Alliance
WBA
$9.36M 0.07%
250,500
+1,400
+0.6% +$52.6K
CBRE icon
263
CBRE Group
CBRE
$41.7B
$9.33M 0.07%
121,260
+1,300
+1% +$96K
MELI icon
264
Mercado Libre
MELI
$92.5B
$9.31M 0.06%
11,000
– –
HLT icon
265
Hilton Worldwide
HLT
$70B
$9.29M 0.06%
73,523
-700
-0.9% -$92.2K
CTSH icon
266
Cognizant
CTSH
$26.3B
$9.28M 0.06%
162,223
+1,900
+1% +$111K
DD icon
267
DuPont de Nemours
DD
$19.1B
$9.26M 0.06%
107,545
-478
-0.4% -$38.2K
EA
268
DELISTED
Electronic Arts
EA
$9.18M 0.06%
75,154
-200
-0.3% -$25.1K
LEN icon
269
Lennar Class A
LEN
$20.6B
$8.96M 0.06%
102,282
-5,372
-5% -$435K
VICI icon
270
VICI Properties
VICI
$28.7B
$8.88M 0.06%
274,212
-3,300
-1% -$106K
OTIS icon
271
Otis Worldwide
OTIS
$27.7B
$8.87M 0.06%
113,207
-500
-0.4% -$36.9K
MTD icon
272
Mettler-Toledo International
MTD
$28.6B
$8.81M 0.06%
6,096
– –
WY icon
273
Weyerhaeuser
WY
$18.2B
$8.75M 0.06%
282,129
+20,800
+8% +$645K
AME icon
274
Ametek
AME
$58B
$8.73M 0.06%
62,453
+300
+0.5% +$39.8K
SPOT icon
275
Spotify
SPOT
$105B
$8.69M 0.06%
110,031
+14,100
+15% +$1.14M
9 10
11
12 13

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
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
IC
IEQ Capital Foster City, California $21.5B AUM 75.26% 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.