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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
HPE icon
301
Hewlett Packard
HPE
$72.4B
$7.76M 0.05%
486,081
+9,100
+2% +$134K
GWW icon
302
W.W. Grainger
GWW
$61.1B
$7.74M 0.05%
13,917
+300
+2% +$169K
AWK icon
303
American Water Works
AWK
$26.9B
$7.53M 0.05%
49,397
+200
+0.4% +$28.9K
LYB icon
304
LyondellBasell Industries
LYB
$20.2B
$7.49M 0.05%
90,165
-3,500
-4% -$287K
TSCO icon
305
Tractor Supply
TSCO
$18B
$7.35M 0.05%
163,335
-18,000
-10% -$765K
ZBH icon
306
Zimmer Biomet
ZBH
$18.7B
$7.27M 0.05%
57,015
+200
+0.4% +$23.2K
DFS
307
DELISTED
Discover Financial Services
DFS
$7.27M 0.05%
74,301
+400
+0.5% +$40.3K
IFF icon
308
International Flavors & Fragrances
IFF
$21.7B
$7.27M 0.05%
69,315
+300
+0.4% +$29.5K
IT icon
309
Gartner
IT
$12.2B
$7.21M 0.05%
21,447
– –
RSG icon
310
Republic Services
RSG
$65.7B
$7.2M 0.05%
55,787
+200
+0.4% +$26.7K
WTW icon
311
Willis Towers Watson
WTW
$31.9B
$7.19M 0.05%
29,392
-400
-1% -$91.4K
ULTA icon
312
Ulta Beauty
ULTA
$23.6B
$7.15M 0.05%
15,253
-2,200
-13% -$949K
HIG icon
313
Hartford Financial Services
HIG
$38.7B
$7.08M 0.05%
93,341
-800
-0.8% -$57.6K
CTRA
314
DELISTED
Coterra Energy
CTRA
$7.07M 0.05%
287,859
+6,500
+2% +$179K
BAX icon
315
Baxter International
BAX
$14.4B
$6.98M 0.05%
137,028
+700
+0.5% +$37.6K
PPL
316
PPL Corp
PPL
$26.3B
$6.94M 0.05%
237,648
-4,300
-2% -$118K
ALB icon
317
Albemarle
ALB
$15.5B
$6.9M 0.05%
31,807
+100
+0.3% +$26.7K
APTV icon
318
Aptiv
APTV
$10.3B
$6.86M 0.05%
73,649
+300
+0.4% +$28.5K
MTB icon
319
M&T Bank
MTB
$36.3B
$6.8M 0.05%
46,901
-600
-1% -$98.7K
ATO icon
320
Atmos Energy
ATO
$28.4B
$6.78M 0.05%
60,510
-4,800
-7% -$528K
RPT
321
Rithm Property Trust
RPT
$96M
$6.75M 0.05%
155,252
– –
GPC icon
322
Genuine Parts
GPC
$18.5B
$6.65M 0.05%
38,329
+100
+0.3% +$17.4K
TSN icon
323
Tyson Foods
TSN
$20.1B
$6.62M 0.05%
106,328
+2,700
+3% +$176K
EIX icon
324
Edison International
EIX
$26.1B
$6.6M 0.05%
103,812
+600
+0.6% +$36.8K
FITB
325
Fifth Third Bancorp
FITB
$51.8B
$6.59M 0.05%
200,716
+1,500
+0.8% +$51.2K
11 12
13
14 15

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.