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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
EXPE icon
451
Expedia Group
EXPE
$37.7B
$3.59M 0.03%
40,964
-200
-0.5% -$18.9K
ZBRA icon
452
Zebra Technologies
ZBRA
$17.9B
$3.59M 0.03%
13,991
– –
HRL icon
453
Hormel Foods
HRL
$13.6B
$3.58M 0.03%
78,675
+300
+0.4% +$14K
TAP icon
454
Molson Coors Class B
TAP
$7.93B
$3.54M 0.02%
68,770
-100
-0.1% -$5.13K
TECH icon
455
Bio-Techne
TECH
$11.2B
$3.53M 0.02%
42,644
+200
+0.5% +$15.9K
POOL icon
456
Pool Corp
POOL
$7.27B
$3.53M 0.02%
11,689
-1,800
-13% -$570K
L icon
457
Loews
L
$23.3B
$3.51M 0.02%
60,252
-600
-1% -$33.4K
LW icon
458
Lamb Weston
LW
$7.12B
$3.5M 0.02%
39,132
+200
+0.5% +$17K
NDSN icon
459
Nordson
NDSN
$17.2B
$3.48M 0.02%
14,651
– –
BWA icon
460
BorgWarner
BWA
$14.1B
$3.47M 0.02%
97,903
-3,749
-4% -$128K
PTC icon
461
PTC
PTC
$16.4B
$3.45M 0.02%
28,754
+100
+0.3% +$12K
SWK icon
462
Stanley Black & Decker
SWK
$15.5B
$3.45M 0.02%
45,931
+900
+2% +$70.2K
MKTX icon
463
MarketAxess Holdings
MKTX
$5.72B
$3.44M 0.02%
12,321
– –
TRMB icon
464
Trimble
TRMB
$13.6B
$3.39M 0.02%
67,023
– –
GEN icon
465
Gen Digital
GEN
$17.5B
$3.38M 0.02%
157,575
-2,700
-2% -$59.6K
JNPR
466
DELISTED
Juniper Networks
JNPR
$3.37M 0.02%
105,324
– –
UAL icon
467
United Airlines
UAL
$40.2B
$3.35M 0.02%
88,828
+400
+0.5% +$16.2K
FHN icon
468
First Horizon
FHN
$12B
$3.35M 0.02%
136,656
+1,400
+1% +$33.9K
CHRW icon
469
C.H. Robinson
CHRW
$17.3B
$3.33M 0.02%
36,348
-300
-0.8% -$28.6K
DPZ icon
470
Domino's
DPZ
$11.5B
$3.32M 0.02%
9,580
-100
-1% -$35K
PLTR icon
471
Palantir
PLTR
$421B
$3.29M 0.02%
513,000
– –
STX icon
472
Seagate
STX
$182B
$3.29M 0.02%
62,533
-700
-1% -$37.2K
CE icon
473
Celanese
CE
$4.88B
$3.28M 0.02%
32,044
-1,600
-5% -$159K
BB icon
474
BlackBerry
BB
$5.18B
$3.26M 0.02%
1,000,000
– –
CPT icon
475
Camden Property Trust
CPT
$11B
$3.24M 0.02%
29,000
+200
+0.7% +$22.9K
17 18
19
20 21

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.