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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
TDY icon
376
Teledyne Technologies
TDY
$32B
$5.11M 0.04%
12,769
+100
+0.8% +$38.9K
SLP icon
377
Simulations Plus
SLP
$371M
$5.1M 0.04%
139,500
– –
HOLX
378
DELISTED
Hologic
HOLX
$5.08M 0.04%
67,865
-3,600
-5% -$256K
BROS icon
379
Dutch Bros
BROS
$8.96B
$5.07M 0.04%
180,000
– –
STE icon
380
Steris
STE
$23.3B
$5.01M 0.03%
27,148
+100
+0.4% +$17.6K
NTRS icon
381
Northern Trust
NTRS
$34.4B
$5.01M 0.03%
56,613
+200
+0.4% +$17.5K
CMS icon
382
CMS Energy
CMS
$21.7B
$5M 0.03%
78,899
+400
+0.5% +$23.6K
WST icon
383
West Pharmaceutical
WST
$24.8B
$4.96M 0.03%
21,056
-400
-2% -$94.8K
K
384
DELISTED
Kellanova
K
$4.95M 0.03%
74,040
+533
+0.7% +$36.2K
VTR icon
385
Ventas
VTR
$47.2B
$4.89M 0.03%
108,605
+400
+0.4% +$16.9K
AMCR icon
386
Amcor
AMCR
$21.8B
$4.82M 0.03%
80,935
-400
-0.5% -$23.3K
RVTY icon
387
Revvity
RVTY
$12.9B
$4.81M 0.03%
34,338
+200
+0.6% +$26.9K
SWKS icon
388
Skyworks Solutions
SWKS
$10.4B
$4.81M 0.03%
52,783
-104
-0.2% -$9.32K
OMC icon
389
Omnicom Group
OMC
$23.2B
$4.8M 0.03%
58,884
+300
+0.5% +$22.3K
CLX icon
390
Clorox
CLX
$13B
$4.71M 0.03%
33,551
+200
+0.6% +$28.4K
TTWO icon
391
Take-Two Interactive
TTWO
$47.4B
$4.7M 0.03%
45,144
+200
+0.4% +$21.7K
INVH icon
392
Invitation Homes
INVH
$17.8B
$4.68M 0.03%
157,900
+1,000
+0.6% +$31.7K
IEX icon
393
IDEX
IEX
$17.2B
$4.68M 0.03%
20,480
+100
+0.5% +$22.3K
MOS icon
394
The Mosaic Company
MOS
$7.46B
$4.65M 0.03%
105,976
-900
-0.8% -$44.6K
TXT icon
395
Textron
TXT
$15.3B
$4.64M 0.03%
65,571
+400
+0.6% +$27.2K
DRI icon
396
Darden Restaurants
DRI
$24.9B
$4.61M 0.03%
33,312
+100
+0.3% +$13.9K
TRGP icon
397
Targa Resources
TRGP
$57.1B
$4.52M 0.03%
61,500
+4,376
+8% +$305K
MPWR icon
398
Monolithic Power Systems
MPWR
$67.9B
$4.52M 0.03%
12,770
+100
+0.8% +$35.9K
LKQ icon
399
LKQ Corp
LKQ
$6.22B
$4.51M 0.03%
84,483
-4,700
-5% -$248K
COO icon
400
Cooper Companies
COO
$14.9B
$4.44M 0.03%
53,744
+400
+0.7% +$29.5K
14 15
16
17 18

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.