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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
IRM icon
426
Iron Mountain
IRM
$36.2B
$3.94M 0.03%
79,046
+400
+0.5% +$20.2K
SIVB
427
DELISTED
SVB Financial Group
SIVB
$3.94M 0.03%
17,120
+1,100
+7% +$273K
TER icon
428
Teradyne
TER
$57.1B
$3.93M 0.03%
45,035
-100
-0.2% -$8.57K
EG icon
429
Everest Group
EG
$14.2B
$3.88M 0.03%
11,711
-100
-0.8% -$31.2K
EQT icon
430
EQT Corp
EQT
$33.8B
$3.82M 0.03%
113,000
+12,900
+13% +$518K
FICO icon
431
Fair Isaac
FICO
$22.7B
$3.81M 0.03%
6,372
– –
UGI icon
432
UGI
UGI
$7.29B
$3.79M 0.03%
102,300
+34,300
+50% +$1.24M
SNA icon
433
Snap-on
SNA
$21.3B
$3.78M 0.03%
16,522
+200
+1% +$45.2K
LNT icon
434
Alliant Energy
LNT
$17.7B
$3.77M 0.03%
68,259
+300
+0.4% +$16K
BF.B icon
435
Brown-Forman Class B
BF.B
$12.9B
$3.72M 0.03%
56,697
+1,700
+3% +$115K
ESS icon
436
Essex Property Trust
ESS
$18.2B
$3.72M 0.03%
17,560
-916
-5% -$200K
KIM icon
437
Kimco Realty
KIM
$16.2B
$3.72M 0.03%
175,633
-200
-0.1% -$4.2K
IPG
438
DELISTED
Interpublic Group of Companies
IPG
$3.72M 0.03%
111,592
– –
CPAY icon
439
Corpay
CPAY
$26.2B
$3.69M 0.03%
20,084
-200
-1% -$36.6K
JKHY icon
440
Jack Henry & Associates
JKHY
$11B
$3.67M 0.03%
20,916
+200
+1% +$36.9K
DOC icon
441
Healthpeak Properties
DOC
$14.4B
$3.66M 0.03%
146,093
+100
+0.1% +$2.43K
IP icon
442
International Paper
IP
$21.9B
$3.66M 0.03%
105,648
-1,200
-1% -$41.5K
TYL icon
443
Tyler Technologies
TYL
$13B
$3.66M 0.03%
11,337
+100
+0.9% +$32.7K
PKG icon
444
Packaging Corp of America
PKG
$22.7B
$3.65M 0.03%
28,563
+3,200
+13% +$401K
WDC icon
445
Western Digital
WDC
$151B
$3.65M 0.03%
152,948
+3,969
+3% +$105K
TWST icon
446
Twist Bioscience
TWST
$7.83B
$3.65M 0.03%
153,172
– –
NVTA
447
DELISTED
Invitae Corporation
NVTA
$3.65M 0.03%
1,959,939
– –
BRO icon
448
Brown & Brown
BRO
$24B
$3.64M 0.03%
63,851
+400
+0.6% +$23.4K
CBOE icon
449
Cboe Global Markets
CBOE
$29.8B
$3.61M 0.03%
28,803
+100
+0.3% +$12.3K
AKAM icon
450
Akamai
AKAM
$16.9B
$3.6M 0.03%
42,689
-300
-0.7% -$26.1K
16 17
18
19 20

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.