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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
EVRG icon
401
Evergy
EVRG
$18.9B
$4.42M 0.03%
70,181
-1,100
-2% -$66.1K
KEY icon
402
KeyCorp
KEY
$24.3B
$4.42M 0.03%
253,528
+1,100
+0.4% +$19.3K
PHM icon
403
Pultegroup
PHM
$24.8B
$4.41M 0.03%
96,969
-13,600
-12% -$573K
CINF icon
404
Cincinnati Financial
CINF
$26.7B
$4.37M 0.03%
42,706
-400
-0.9% -$41.2K
NVR icon
405
NVR
NVR
$16.8B
$4.36M 0.03%
946
-100
-10% -$440K
BALL icon
406
Ball Corp
BALL
$16.6B
$4.36M 0.03%
85,301
+200
+0.2% +$10.4K
VTRS icon
407
Viatris
VTRS
$18.7B
$4.36M 0.03%
391,420
+3,600
+0.9% +$37.6K
JBHT icon
408
JB Hunt Transport Services
JBHT
$25B
$4.32M 0.03%
24,795
+2,300
+10% +$401K
LDOS icon
409
Leidos
LDOS
$17.5B
$4.32M 0.03%
41,092
+200
+0.5% +$20.5K
SEDG icon
410
SolarEdge
SEDG
$1.98B
$4.32M 0.03%
15,236
+200
+1% +$53.1K
LVS icon
411
Las Vegas Sands
LVS
$29.4B
$4.29M 0.03%
89,301
+400
+0.4% +$17K
BR icon
412
Broadridge
BR
$19.8B
$4.29M 0.03%
31,960
+200
+0.6% +$28.4K
FMC icon
413
FMC
FMC
$1.31B
$4.28M 0.03%
34,258
+200
+0.6% +$24.5K
NTAP icon
414
NetApp
NTAP
$39B
$4.26M 0.03%
70,929
+3,200
+5% +$212K
J icon
415
Jacobs Solutions
J
$17.2B
$4.17M 0.03%
41,950
+242
+0.6% +$23.8K
ALGN icon
416
Align Technology
ALGN
$12.5B
$4.15M 0.03%
19,700
– –
GRMN
417
Garmin
GRMN
$60.4B
$4.15M 0.03%
44,997
-5,200
-10% -$460K
ETSY icon
418
Etsy
ETSY
$7.38B
$4.09M 0.03%
34,143
-6,300
-16% -$721K
NRG icon
419
NRG Energy
NRG
$25B
$4.04M 0.03%
126,948
-23,000
-15% -$910K
WRB icon
420
W.R. Berkley
WRB
$26.3B
$4.03M 0.03%
83,319
+450
+0.5% +$21.7K
FSLR icon
421
First Solar
FSLR
$25.7B
$4.03M 0.03%
26,900
+1,876
+7% +$278K
INCY icon
422
Incyte
INCY
$24.6B
$4.03M 0.03%
50,159
+200
+0.4% +$15.3K
SYF icon
423
Synchrony
SYF
$25.4B
$4.02M 0.03%
122,440
-7,900
-6% -$271K
AVY icon
424
Avery Dennison
AVY
$13.5B
$3.98M 0.03%
21,987
– –
HWM icon
425
Howmet Aerospace
HWM
$113B
$3.94M 0.03%
100,045
– –
15 16
17
18 19

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.