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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
BMY icon
26
Bristol-Myers Squibb
BMY
$132B
$87.3M 0.61%
1,212,833
-3,100
-0.3% -$234K
CVX icon
27
Chevron
CVX
$366B
$86.8M 0.6%
483,515
-3,900
-0.8% -$681K
PEP icon
28
PepsiCo
PEP
$190B
$85.7M 0.6%
474,422
+20,900
+5% +$3.73M
IJH icon
29
iShares Core S&P Mid-Cap ETF
IJH
$127B
$84.8M 0.59%
1,753,810
+101,500
+6% +$4.9M
LLY icon
30
Eli Lilly
LLY
$1.06T
$83.9M 0.58%
229,404
-4,600
-2% -$1.63M
META icon
31
Meta Platforms (Facebook)
META
$1.51T
$83.9M 0.58%
697,114
-280,300
-29% -$32.9M
ABBV icon
32
AbbVie
ABBV
$435B
$82.6M 0.58%
511,032
-700
-0.1% -$107K
MRK icon
33
Merck
MRK
$318B
$80.3M 0.56%
723,790
-5,400
-0.7% -$552K
AVGO icon
34
Broadcom
AVGO
$2.04T
$77.8M 0.54%
1,390,660
+8,000
+0.6% +$401K
MSCI icon
35
MSCI
MSCI
$40.9B
$75.9M 0.53%
163,202
-100
-0.1% -$46.5K
OMF icon
36
OneMain Financial
OMF
$7.47B
$72.3M 0.5%
2,170,000
– –
KO icon
37
Coca-Cola
KO
$375B
$72M 0.5%
1,132,048
-1,700
-0.1% -$103K
RITM icon
38
Rithm Capital
RITM
$5.69B
$68.7M 0.48%
8,404,734
– –
CSCO icon
39
Cisco
CSCO
$479B
$64.6M 0.45%
1,355,466
+13,000
+1% +$592K
COST icon
40
Costco
COST
$420B
$63.3M 0.44%
138,669
+1,700
+1% +$831K
BAC icon
41
Bank of America
BAC
$442B
$62.8M 0.44%
1,896,912
+4,900
+0.3% +$169K
ISRG icon
42
Intuitive Surgical
ISRG
$134B
$60.8M 0.42%
228,953
+99,400
+77% +$24.2M
TDG icon
43
TransDigm Group
TDG
$67.7B
$58.1M 0.41%
92,347
+4,655
+5% +$2.74M
INTU icon
44
Intuit
INTU
$89B
$57.2M 0.4%
146,990
-2,900
-2% -$1.15M
WBD icon
45
Warner Bros
WBD
$67.1B
$54.9M 0.38%
5,792,906
-9,100
-0.2% -$103K
WMT icon
46
Walmart Inc
WMT
$890B
$54.4M 0.38%
1,150,620
-6,600
-0.6% -$313K
BRK.A icon
47
Berkshire Hathaway Class A
BRK.A
$1.12T
$54.4M 0.38%
116
– –
ABT icon
48
Abbott
ABT
$187B
$54.1M 0.38%
492,857
+18,900
+4% +$1.96M
KEYS icon
49
Keysight
KEYS
$58.3B
$53.3M 0.37%
311,631
-100
-0% -$17K
AMD icon
50
Advanced Micro Devices
AMD
$789B
$53M 0.37%
817,640
-20,600
-2% -$1.36M
1
2
3 4 5

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
AM
AGF Management Toronto, Ontario, Canada $22.3B AUM 46.42% 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
Luther King Capital Management (LKCM)
Luther King Capital Management (LKCM) Fort Worth, Texas $23.1B AUM 21.31% 1-Year Est. Return
DSA
Davis Selected Advisers Tucson, Arizona $21.8B AUM 23.45% 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.