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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
NBIX icon
501
Neurocrine Biosciences
NBIX
$16.8B
$2.92M 0.02%
24,481
+400
+2% +$46.9K
MGM icon
502
MGM Resorts International
MGM
$10.9B
$2.91M 0.02%
86,644
-1,700
-2% -$58.9K
WTRG icon
503
Essential Utilities
WTRG
$11.3B
$2.9M 0.02%
60,771
+700
+1% +$31.7K
GGG icon
504
Graco
GGG
$13.5B
$2.88M 0.02%
42,864
+200
+0.5% +$13.3K
EMN icon
505
Eastman Chemical
EMN
$8.39B
$2.87M 0.02%
35,268
-800
-2% -$64.5K
MAS icon
506
Masco
MAS
$14.7B
$2.86M 0.02%
61,317
+300
+0.5% +$14.5K
WHR icon
507
Whirlpool
WHR
$2.75B
$2.85M 0.02%
20,177
-600
-3% -$85.3K
AXON
508
Axon Enterprise
AXON
$48.4B
$2.85M 0.02%
17,180
+200
+1% +$31.6K
ALLE icon
509
Allegion
ALLE
$14.1B
$2.82M 0.02%
26,744
+300
+1% +$31.3K
JAZZ icon
510
Jazz Pharmaceuticals
JAZZ
$16.7B
$2.81M 0.02%
17,664
+200
+1% +$29.3K
HII icon
511
Huntington Ingalls Industries
HII
$13B
$2.81M 0.02%
12,190
– –
WRK
512
DELISTED
WestRock Company
WRK
$2.76M 0.02%
78,464
+1,800
+2% +$62.7K
KNX icon
513
Knight Transportation
KNX
$11.2B
$2.73M 0.02%
52,131
+1,200
+2% +$62.1K
UHS icon
514
Universal Health Services
UHS
$10.5B
$2.73M 0.02%
19,374
-500
-3% -$59K
SCI icon
515
Service Corp International
SCI
$11.4B
$2.71M 0.02%
39,162
-600
-2% -$40K
LYV icon
516
Live Nation Entertainment
LYV
$43B
$2.71M 0.02%
38,811
+400
+1% +$29.6K
HEI icon
517
HEICO Corp
HEI
$50.9B
$2.7M 0.02%
17,600
– –
FFIV icon
518
F5
FFIV
$23.2B
$2.7M 0.02%
18,788
+300
+2% +$43.9K
DECK icon
519
Deckers Outdoor
DECK
$13.3B
$2.68M 0.02%
40,296
– –
DAY
520
DELISTED
Dayforce
DAY
$2.68M 0.02%
41,710
+300
+0.7% +$18.9K
OC icon
521
Owens Corning
OC
$12.2B
$2.66M 0.02%
31,188
+500
+2% +$43.8K
BXP icon
522
Boston Properties
BXP
$10.8B
$2.62M 0.02%
38,757
+200
+0.5% +$14.2K
REG icon
523
Regency Centers
REG
$13.9B
$2.62M 0.02%
41,902
+200
+0.5% +$12.3K
BBWI icon
524
Bath & Body Works
BBWI
$3.89B
$2.62M 0.02%
62,071
+300
+0.5% +$11.2K
KMX icon
525
CarMax
KMX
$8.34B
$2.62M 0.02%
42,948
-100
-0.2% -$6.42K
19 20
21
22 23

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.