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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
CDW icon
326
CDW
CDW
$17.1B
$6.58M 0.05%
36,845
+200
+0.5% +$35.2K
EVLO
327
DELISTED
Evelo Biosciences, Inc. Common Stock
EVLO
$6.55M 0.05%
203,536
– –
EFX icon
328
Equifax
EFX
$21.3B
$6.47M 0.05%
33,278
+200
+0.6% +$36.6K
AVB icon
329
AvalonBay Communities
AVB
$26.3B
$6.46M 0.05%
40,011
+200
+0.5% +$34K
PFG icon
330
Principal Financial Group
PFG
$24.4B
$6.34M 0.04%
75,580
+6,806
+10% +$584K
VMC icon
331
Vulcan Materials
VMC
$37B
$6.32M 0.04%
36,076
+100
+0.3% +$17.1K
ACGL icon
332
Arch Capital
ACGL
$33.5B
$6.31M 0.04%
+100,500
New +$5.61M
AEE icon
333
Ameren
AEE
$29.6B
$6.25M 0.04%
70,287
+400
+0.6% +$33.6K
ETR icon
334
Entergy
ETR
$49.3B
$6.22M 0.04%
110,604
+400
+0.4% +$21.9K
FE icon
335
FirstEnergy
FE
$27.1B
$6.19M 0.04%
147,644
+700
+0.5% +$27.4K
DTE icon
336
DTE Energy
DTE
$28.5B
$6.19M 0.04%
52,677
+200
+0.4% +$22.7K
FTV icon
337
Fortive
FTV
$18.6B
$6.18M 0.04%
127,604
-133
-0.1% -$6.44K
LH icon
338
Labcorp
LH
$26.1B
$6.17M 0.04%
30,482
+350
+1% +$68.4K
EBAY icon
339
eBay
EBAY
$47.9B
$6.12M 0.04%
147,528
-1,200
-0.8% -$49.7K
FRC
340
DELISTED
First Republic Bank
FRC
$6.06M 0.04%
49,723
+300
+0.6% +$36.6K
BBY icon
341
Best Buy
BBY
$17.4B
$5.98M 0.04%
74,603
-12,400
-14% -$913K
RF icon
342
Regions Financial
RF
$26.8B
$5.94M 0.04%
275,639
-200
-0.1% -$4.34K
ARE icon
343
Alexandria Real Estate Equities
ARE
$8.32B
$5.92M 0.04%
40,618
+400
+1% +$57.8K
MRO
344
DELISTED
Marathon Oil Corporation
MRO
$5.91M 0.04%
218,505
+7,200
+3% +$209K
CFG icon
345
Citizens Financial Group
CFG
$30.6B
$5.9M 0.04%
149,973
-600
-0.4% -$23.4K
DAL icon
346
Delta Air Lines
DAL
$58.7B
$5.87M 0.04%
178,603
+5,100
+3% +$169K
CF icon
347
CF Industries
CF
$18.4B
$5.84M 0.04%
68,554
+11,000
+19% +$1.12M
CAG icon
348
Conagra Brands
CAG
$7.07B
$5.83M 0.04%
150,701
-1,400
-0.9% -$50.8K
APA icon
349
APA Corp
APA
$14.4B
$5.82M 0.04%
124,773
+25,600
+26% +$1.15M
STLD icon
350
Steel Dynamics
STLD
$38.5B
$5.82M 0.04%
59,560
-1,321
-2% -$127K
12 13
14
15 16

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.