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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
DAR icon
526
Darling Ingredients
DAR
$9.91B
$2.55M 0.02%
40,774
+300
+0.7% +$21.2K
REXR icon
527
Rexford Industrial Realty
REXR
$8.13B
$2.55M 0.02%
46,682
+3,600
+8% +$194K
ROL icon
528
Rollins
ROL
$17.9B
$2.54M 0.02%
69,558
+1,200
+2% +$46.6K
RHI icon
529
Robert Half
RHI
$4.37B
$2.52M 0.02%
34,192
+1,200
+4% +$91.5K
FIVE icon
530
Five Below
FIVE
$13B
$2.5M 0.02%
14,122
+100
+0.7% +$15.7K
IVZ icon
531
Invesco
IVZ
$14B
$2.49M 0.02%
138,650
+1,100
+0.8% +$18.8K
TPR icon
532
Tapestry
TPR
$33.3B
$2.49M 0.02%
65,499
-2,700
-4% -$92.5K
BX icon
533
Blackstone
BX
$113B
$2.49M 0.02%
33,600
-9,700
-22% -$838K
VFC icon
534
VF Corp
VFC
$5.86B
$2.48M 0.02%
89,746
+400
+0.4% +$11.8K
BIO icon
535
Bio-Rad Laboratories Class A
BIO
$9.48B
$2.46M 0.02%
5,850
– –
BLDR icon
536
Builders FirstSource
BLDR
$7.74B
$2.43M 0.02%
37,512
-1,800
-5% -$112K
LEA icon
537
Lear
LEA
$8.05B
$2.43M 0.02%
19,593
-900
-4% -$119K
EDIT icon
538
Editas Medicine
EDIT
$432M
$2.43M 0.02%
273,721
– –
CZR icon
539
Caesars Entertainment
CZR
$6.13B
$2.43M 0.02%
58,297
+300
+0.5% +$13.4K
RGA icon
540
Reinsurance Group of America
RGA
$15.8B
$2.42M 0.02%
17,052
+200
+1% +$27.9K
AAP icon
541
Advance Auto Parts
AAP
$3.36B
$2.4M 0.02%
16,331
-100
-0.6% -$16.2K
CMA
542
DELISTED
Comerica
CMA
$2.38M 0.02%
35,570
+200
+0.6% +$13.9K
EWBC icon
543
East-West Bancorp
EWBC
$18.1B
$2.37M 0.02%
35,922
+400
+1% +$27.4K
JBL icon
544
Jabil
JBL
$35.3B
$2.34M 0.02%
34,311
-400
-1% -$26.4K
PNW icon
545
Pinnacle West Capital
PNW
$12B
$2.34M 0.02%
30,761
+200
+0.7% +$14.3K
WYNN icon
546
Wynn Resorts
WYNN
$10.6B
$2.32M 0.02%
28,072
+100
+0.4% +$7.32K
PFGC icon
547
Performance Food Group
PFGC
$17.9B
$2.31M 0.02%
39,603
+500
+1% +$27.2K
CUBE icon
548
CubeSmart
CUBE
$9.23B
$2.3M 0.02%
+57,200
New +$2.3M
ARW icon
549
Arrow Electronics
ARW
$10.3B
$2.29M 0.02%
21,861
-400
-2% -$41.3K
BJ icon
550
BJs Wholesale Club
BJ
$12.3B
$2.28M 0.02%
34,415
+300
+0.9% +$21.7K
20 21
22
23 24

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.