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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
UTHR icon
476
United Therapeutics
UTHR
$22.7B
$3.23M 0.02%
11,632
+200
+2% +$50.5K
UDR icon
477
UDR
UDR
$12.1B
$3.22M 0.02%
83,145
+500
+0.6% +$19.8K
SNAP icon
478
Snap
SNAP
$9.05B
$3.22M 0.02%
359,370
– –
HUBB icon
479
Hubbell
HUBB
$26.7B
$3.21M 0.02%
13,699
+200
+1% +$48K
RPM icon
480
RPM International
RPM
$14.8B
$3.2M 0.02%
32,818
+300
+0.9% +$29.1K
TFX icon
481
Teleflex
TFX
$5.89B
$3.17M 0.02%
12,717
– –
MTCH icon
482
Match Group
MTCH
$8.43B
$3.15M 0.02%
75,953
-600
-0.8% -$27.1K
HST icon
483
Host Hotels & Resorts
HST
$15.5B
$3.12M 0.02%
194,329
+800
+0.4% +$14K
CLF icon
484
Cleveland-Cliffs
CLF
$7.13B
$3.12M 0.02%
193,427
-4,800
-2% -$72.3K
CSL icon
485
Carlisle Companies
CSL
$15.3B
$3.1M 0.02%
13,172
+100
+0.8% +$25.7K
CPB icon
486
Campbell Soup
CPB
$6.69B
$3.1M 0.02%
54,601
+100
+0.2% +$5.25K
PARA
487
DELISTED
Paramount Global Class B
PARA
$3.1M 0.02%
183,492
+2,600
+1% +$47.8K
QRVO icon
488
Qorvo
QRVO
$8.56B
$3.08M 0.02%
34,019
+100
+0.3% +$9.03K
HSIC icon
489
Henry Schein
HSIC
$9.82B
$3.06M 0.02%
38,360
-500
-1% -$37.9K
FOXA icon
490
Fox Class A
FOXA
$26.6B
$3.04M 0.02%
100,212
-4,652
-4% -$142K
SFIX
491
Stitch Fix
SFIX
$530M
$3.04M 0.02%
976,983
– –
NI icon
492
NiSource
NI
$20B
$3.03M 0.02%
110,369
+500
+0.5% +$13.1K
ACM icon
493
Aecom
ACM
$9.42B
$3.02M 0.02%
35,576
+400
+1% +$31.4K
RS icon
494
Reliance Steel & Aluminium
RS
$21.9B
$3.02M 0.02%
14,897
-300
-2% -$59.7K
CRL icon
495
Charles River Laboratories
CRL
$13.2B
$3.01M 0.02%
13,830
+100
+0.7% +$21.8K
TTC icon
496
Toro Company
TTC
$9.4B
$3M 0.02%
26,532
+200
+0.8% +$21.2K
GL icon
497
Globe Life
GL
$14.2B
$2.96M 0.02%
24,536
– –
NLY icon
498
Annaly Capital Management
NLY
$17.3B
$2.95M 0.02%
140,131
+16,500
+13% +$325K
RCL icon
499
Royal Caribbean
RCL
$82.4B
$2.95M 0.02%
59,601
+200
+0.3% +$10.5K
AFG icon
500
American Financial Group
AFG
$11.9B
$2.93M 0.02%
21,310
+3,700
+21% +$507K
18 19
20
21 22

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.