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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
EQR icon
351
Equity Residential
EQR
$24.7B
$5.8M 0.04%
98,225
+700
+0.7% +$43.8K
IR icon
352
Ingersoll Rand
IR
$33.6B
$5.75M 0.04%
110,023
+900
+0.8% +$45.9K
ANSS
353
DELISTED
Ansys
ANSS
$5.73M 0.04%
23,711
+100
+0.4% +$23.3K
MLM icon
354
Martin Marietta Materials
MLM
$33B
$5.69M 0.04%
16,837
– –
CHD icon
355
Church & Dwight Co
CHD
$24.5B
$5.67M 0.04%
70,291
-200
-0.3% -$15.3K
NDAQ icon
356
Nasdaq
NDAQ
$53.4B
$5.65M 0.04%
92,090
+400
+0.4% +$24.9K
MKC icon
357
McCormick & Company Non-Voting
MKC
$14.3B
$5.65M 0.04%
68,110
+300
+0.4% +$24.2K
LUV icon
358
Southwest Airlines
LUV
$22B
$5.63M 0.04%
167,103
+3,800
+2% +$137K
RJF icon
359
Raymond James Financial
RJF
$34.5B
$5.63M 0.04%
52,644
+100
+0.2% +$11.2K
WAB icon
360
Wabtec
WAB
$49.7B
$5.62M 0.04%
56,316
+100
+0.2% +$9.56K
EXR icon
361
Extra Space Storage
EXR
$31B
$5.62M 0.04%
38,179
+1,900
+5% +$304K
SHOP icon
362
Shopify
SHOP
$200B
$5.55M 0.04%
160,000
– –
PWR icon
363
Quanta Services
PWR
$99.4B
$5.54M 0.04%
38,848
+100
+0.3% +$14.2K
HBAN icon
364
Huntington Bancshares
HBAN
$35.6B
$5.53M 0.04%
392,150
+1,800
+0.5% +$26.1K
WAT icon
365
Waters Corp
WAT
$40.4B
$5.51M 0.04%
16,097
-100
-0.6% -$31.6K
XYL icon
366
Xylem
XYL
$28.3B
$5.42M 0.04%
48,975
+200
+0.4% +$21K
SJM icon
367
J.M. Smucker
SJM
$12.6B
$5.41M 0.04%
34,161
-700
-2% -$104K
MOH icon
368
Molina Healthcare
MOH
$10.4B
$5.23M 0.04%
15,832
+100
+0.6% +$34K
AES icon
369
AES
AES
$10.5B
$5.22M 0.04%
181,495
+700
+0.4% +$18.9K
DGX icon
370
Quest Diagnostics
DGX
$26.2B
$5.21M 0.04%
33,317
-2,500
-7% -$359K
EXPD icon
371
Expeditors International
EXPD
$23.3B
$5.17M 0.04%
49,708
+100
+0.2% +$10.3K
DOV icon
372
Dover
DOV
$28.3B
$5.16M 0.04%
38,123
-700
-2% -$93K
VRSN icon
373
VeriSign
VRSN
$26.5B
$5.15M 0.04%
25,079
-200
-0.8% -$38.3K
MAA icon
374
Mid-America Apartment Communities
MAA
$15.4B
$5.15M 0.04%
32,799
+200
+0.6% +$31.1K
CNP icon
375
CenterPoint Energy
CNP
$26.4B
$5.13M 0.04%
171,047
+700
+0.4% +$20.4K
13 14
15
16 17

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.