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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
ILMN icon
276
Illumina
ILMN
$29B
$8.64M 0.06%
43,926
+205
+0.5% +$42.5K
RMD icon
277
ResMed
RMD
$31.9B
$8.64M 0.06%
41,511
+1,900
+5% +$417K
HPQ icon
278
HP
HPQ
$27.3B
$8.63M 0.06%
321,262
-2,600
-0.8% -$72K
CSGP icon
279
CoStar Group
CSGP
$12.8B
$8.54M 0.06%
110,500
+3,300
+3% +$258K
ON icon
280
ON Semiconductor
ON
$31.1B
$8.44M 0.06%
135,336
+800
+0.6% +$53.4K
WELL icon
281
Welltower
WELL
$169B
$8.42M 0.06%
128,409
+3,000
+2% +$193K
STT icon
282
State Street
STT
$51.3B
$8.38M 0.06%
108,028
+1,600
+2% +$118K
PCG icon
283
PG&E
PCG
$37.5B
$8.31M 0.06%
511,160
-22,000
-4% -$333K
PEG icon
284
Public Service Enterprise Group
PEG
$37.2B
$8.31M 0.06%
135,566
+500
+0.4% +$29K
VRSK icon
285
Verisk Analytics
VRSK
$23.6B
$8.28M 0.06%
46,956
+4,500
+11% +$791K
SSYS icon
286
Stratasys
SSYS
$769M
$8.27M 0.06%
697,503
– –
FANG icon
287
Diamondback Energy
FANG
$55.7B
$8.27M 0.06%
60,463
+2,600
+4% +$380K
KDP icon
288
Keurig Dr Pepper
KDP
$39.9B
$8.23M 0.06%
230,900
+900
+0.4% +$33.7K
SBAC icon
289
SBA Communications
SBAC
$19.2B
$8.22M 0.06%
29,342
+100
+0.3% +$27.8K
DLTR icon
290
Dollar Tree
DLTR
$24.9B
$8.09M 0.06%
57,169
– –
TROW icon
291
T. Rowe Price
TROW
$24.3B
$8.08M 0.06%
74,113
-2,200
-3% -$249K
GLW icon
292
Corning
GLW
$136B
$8.05M 0.06%
252,159
+4,300
+2% +$139K
ROK icon
293
Rockwell Automation
ROK
$48.3B
$8.04M 0.06%
31,213
– –
BKR icon
294
Baker Hughes
BKR
$63.6B
$8.04M 0.06%
272,212
-1,600
-0.6% -$44.1K
WEC icon
295
WEC Energy
WEC
$34.6B
$8.03M 0.06%
85,684
+300
+0.4% +$27.7K
PPG icon
296
PPG Industries
PPG
$25.7B
$8.03M 0.06%
63,843
+200
+0.3% +$24.5K
OKE icon
297
Oneok
OKE
$56.9B
$7.98M 0.06%
121,481
+500
+0.4% +$30.7K
URI icon
298
United Rentals
URI
$70.8B
$7.95M 0.06%
22,354
+400
+2% +$131K
ES icon
299
Eversource Energy
ES
$26.8B
$7.93M 0.06%
94,633
+900
+1% +$71.4K
DLR icon
300
Digital Realty Trust
DLR
$70.8B
$7.84M 0.05%
78,181
+400
+0.5% +$40.8K
10 11
12
13 14

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.