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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
MHK icon
576
Mohawk Industries
MHK
$9.19B
$2.06M 0.01%
20,181
-200
-1% -$19.6K
RNR icon
577
RenaissanceRe
RNR
$13.2B
$2.06M 0.01%
11,165
+100
+0.9% +$16.9K
PCTY icon
578
Paylocity
PCTY
$7.73B
$2.03M 0.01%
10,472
+200
+2% +$43K
OGE icon
579
OGE Energy
OGE
$9.54B
$2.02M 0.01%
51,014
+500
+1% +$19K
RRX icon
580
Regal Rexnord
RRX
$11.5B
$2.02M 0.01%
16,801
– –
PNR icon
581
Pentair
PNR
$10.7B
$2.01M 0.01%
44,664
+200
+0.4% +$8.7K
FRT icon
582
Federal Realty Investment Trust
FRT
$10.2B
$2.01M 0.01%
19,862
+200
+1% +$20.3K
ZION icon
583
Zions Bancorporation
ZION
$10.3B
$2M 0.01%
40,617
-100
-0.2% -$5K
G icon
584
Genpact
G
$5.74B
$1.99M 0.01%
42,884
+300
+0.7% +$13.6K
CBSH icon
585
Commerce Bancshares
CBSH
$8.41B
$1.98M 0.01%
33,600
+231
+0.7% +$13.5K
SBNY
586
DELISTED
Signature Bank
SBNY
$1.97M 0.01%
17,125
+100
+0.6% +$13.7K
LII icon
587
Lennox International
LII
$14.6B
$1.97M 0.01%
8,244
+100
+1% +$24.5K
XRAY icon
588
Dentsply Sirona
XRAY
$2.32B
$1.97M 0.01%
61,860
+3,500
+6% +$106K
DT icon
589
Dynatrace
DT
$14.6B
$1.96M 0.01%
51,300
+600
+1% +$21.8K
TTEK icon
590
Tetra Tech
TTEK
$8.97B
$1.96M 0.01%
67,540
+500
+0.7% +$14.5K
SEE
591
DELISTED
Sealed Air
SEE
$1.96M 0.01%
39,303
– –
HALO icon
592
Halozyme
HALO
$11.6B
$1.96M 0.01%
34,438
-300
-0.9% -$15.4K
WSM icon
593
Williams-Sonoma
WSM
$29.5B
$1.96M 0.01%
34,040
-600
-2% -$36K
UNM icon
594
Unum
UNM
$14.5B
$1.95M 0.01%
47,600
+200
+0.4% +$8.38K
CHE icon
595
Chemed
CHE
$7.18B
$1.94M 0.01%
3,809
+100
+3% +$48.7K
SEIC icon
596
SEI Investments
SEIC
$12.6B
$1.94M 0.01%
33,224
+100
+0.3% +$5.62K
MANH icon
597
Manhattan Associates
MANH
$11.4B
$1.93M 0.01%
15,931
+100
+0.6% +$12.3K
OGN icon
598
Organon & Co
OGN
$3.58B
$1.93M 0.01%
69,164
+300
+0.4% +$7.67K
JLL icon
599
Jones Lang LaSalle
JLL
$16.4B
$1.93M 0.01%
12,111
– –
CIEN icon
600
Ciena
CIEN
$54.9B
$1.92M 0.01%
37,696
– –
22 23
24
25 26

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.