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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
BEN icon
551
Franklin Resources
BEN
$17B
$2.27M 0.02%
86,095
+300
+0.3% +$7.45K
LSCC icon
552
Lattice Semiconductor
LSCC
$18.2B
$2.26M 0.02%
34,862
+200
+0.6% +$12.1K
AAL icon
553
American Airlines Group
AAL
$9.93B
$2.25M 0.02%
176,605
+700
+0.4% +$9.49K
RGEN icon
554
Repligen
RGEN
$9.21B
$2.23M 0.02%
13,153
+100
+0.8% +$18.1K
AA icon
555
Alcoa
AA
$13.6B
$2.23M 0.02%
48,975
+500
+1% +$21.8K
CTLT
556
DELISTED
CATALENT, INC.
CTLT
$2.2M 0.02%
48,883
+400
+0.8% +$21.7K
CCL icon
557
Carnival Corporation Ltd
CCL
$38B
$2.19M 0.02%
272,144
+5,000
+2% +$43.1K
CFR icon
558
Cullen/Frost Bankers
CFR
$10.3B
$2.19M 0.02%
16,364
+200
+1% +$28.4K
AGCO icon
559
AGCO
AGCO
$7.06B
$2.19M 0.02%
15,758
+100
+0.6% +$12.3K
WOLF icon
560
Wolfspeed
WOLF
$1.52B
$2.18M 0.02%
31,622
+500
+2% +$44.3K
AR icon
561
Antero Resources
AR
$11.4B
$2.18M 0.02%
+70,300
New +$2.43M
AOS icon
562
A.O. Smith
AOS
$8.48B
$2.17M 0.02%
37,973
-280
-0.7% -$15.7K
STOR
563
DELISTED
STORE Capital Corporation
STOR
$2.17M 0.02%
67,696
+700
+1% +$22.2K
FBIN icon
564
Fortune Brands Innovations
FBIN
$5.73B
$2.16M 0.02%
37,842
-3,157
-8% -$166K
PEN icon
565
Penumbra
PEN
$12.8B
$2.16M 0.02%
9,714
+200
+2% +$39.1K
HAS icon
566
Hasbro
HAS
$13.3B
$2.15M 0.02%
35,312
+200
+0.6% +$12.5K
CASY icon
567
Casey's General Stores
CASY
$31.6B
$2.14M 0.01%
9,521
+100
+1% +$22.8K
LSI
568
DELISTED
Life Storage, Inc.
LSI
$2.13M 0.01%
21,620
+300
+1% +$31.4K
LECO icon
569
Lincoln Electric
LECO
$15.1B
$2.12M 0.01%
14,689
+100
+0.7% +$14K
WSO icon
570
Watsco Inc
WSO
$13.5B
$2.12M 0.01%
8,483
+100
+1% +$26.3K
LAMR icon
571
Lamar Advertising Co
LAMR
$15.7B
$2.1M 0.01%
22,238
+300
+1% +$27.8K
WBS icon
572
Webster Financial
WBS
$12.8B
$2.1M 0.01%
44,344
– –
NOV icon
573
NOV
NOV
$7.38B
$2.09M 0.01%
99,977
+1,000
+1% +$21K
NNN icon
574
NNN REIT
NNN
$8.8B
$2.08M 0.01%
45,484
+800
+2% +$34.8K
CGNX icon
575
Cognex
CGNX
$10.8B
$2.08M 0.01%
44,053
+300
+0.7% +$14.1K
21 22
23
24 25

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.