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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
ACHC icon
601
Acadia Healthcare
ACHC
$2.96B
$1.9M 0.01%
23,130
+200
+0.9% +$16.5K
IBKR icon
602
Interactive Brokers
IBKR
$41.1B
$1.89M 0.01%
104,716
+1,200
+1% +$22.4K
NWSA icon
603
News Corp Class A
NWSA
$15.4B
$1.89M 0.01%
103,954
-400
-0.4% -$6.95K
SWAV
604
DELISTED
Shockwave Medical, Inc. Common Stock
SWAV
$1.89M 0.01%
9,200
+100
+1% +$25.3K
RGLD icon
605
Royal Gold
RGLD
$19.8B
$1.89M 0.01%
16,748
+200
+1% +$20.6K
CPRI icon
606
Capri Holdings
CPRI
$1.75B
$1.88M 0.01%
32,765
-2,000
-6% -$101K
HR icon
607
Healthcare Realty
HR
$6.73B
$1.87M 0.01%
96,853
+900
+0.9% +$17.7K
LUMN icon
608
Lumen
LUMN
$6.85B
$1.86M 0.01%
356,676
+3,000
+0.8% +$18.4K
KBR icon
609
KBR
KBR
$4.83B
$1.84M 0.01%
34,911
-100
-0.3% -$4.98K
MIDD icon
610
Middleby
MIDD
$5.89B
$1.84M 0.01%
13,720
+100
+0.7% +$13.6K
DCI icon
611
Donaldson
DCI
$11.2B
$1.83M 0.01%
31,158
– –
ATR icon
612
AptarGroup
ATR
$8.5B
$1.83M 0.01%
16,610
+100
+0.6% +$10.3K
MASI
613
DELISTED
Masimo
MASI
$1.82M 0.01%
12,296
+100
+0.8% +$13.8K
WEX icon
614
WEX
WEX
$6.35B
$1.81M 0.01%
11,075
-100
-0.9% -$15.6K
CACI icon
615
CACI
CACI
$14.3B
$1.81M 0.01%
6,021
+100
+2% +$29.2K
EME icon
616
Emcor
EME
$35.7B
$1.8M 0.01%
12,148
-300
-2% -$42.6K
AIZ icon
617
Assurant
AIZ
$14.2B
$1.8M 0.01%
14,367
– –
OMGA
618
DELISTED
Omega Therapeutics, Inc. Common Stock
OMGA
$1.79M 0.01%
314,117
– –
VMI icon
619
Valmont Industries
VMI
$9.5B
$1.78M 0.01%
5,388
– –
DINO icon
620
HF Sinclair
DINO
$15.2B
$1.77M 0.01%
34,200
-2,400
-7% -$138K
CHDN icon
621
Churchill Downs
CHDN
$6.02B
$1.76M 0.01%
16,680
– –
AZPN
622
DELISTED
Aspen Technology Inc
AZPN
$1.75M 0.01%
8,507
+1,200
+16% +$279K
BRKR icon
623
Bruker
BRKR
$8.58B
$1.74M 0.01%
25,493
+100
+0.4% +$6.35K
ORI icon
624
Old Republic International
ORI
$10.3B
$1.74M 0.01%
72,078
-400
-0.6% -$9.38K
GNRC icon
625
Generac Holdings
GNRC
$12.2B
$1.73M 0.01%
17,216
-1,600
-9% -$181K
23 24
25
26 27

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.