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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
BRX icon
626
Brixmor Property Group
BRX
$9.15B
$1.73M 0.01%
76,307
+800
+1% +$17.1K
NWL icon
627
Newell Brands
NWL
$2.51B
$1.72M 0.01%
131,120
-1,500
-1% -$20.5K
CROX icon
628
Crocs
CROX
$6.63B
$1.71M 0.01%
15,738
+200
+1% +$17.7K
ITT icon
629
ITT
ITT
$18.9B
$1.71M 0.01%
21,029
+200
+1% +$15.5K
DKS icon
630
Dick's Sporting Goods
DKS
$19.2B
$1.7M 0.01%
14,170
-200
-1% -$22.5K
MPT
631
Medical Properties Trust
MPT
$2.48B
$1.7M 0.01%
152,200
+1,200
+0.8% +$14K
PB icon
632
Prosperity Bancshares
PB
$8.81B
$1.69M 0.01%
23,197
+200
+0.9% +$14.4K
WU icon
633
Western Union
WU
$2.19B
$1.68M 0.01%
122,236
+4,300
+4% +$59.4K
NXST icon
634
Nexstar Media Group
NXST
$5.91B
$1.68M 0.01%
+9,600
New +$1.69M
OHI icon
635
Omega Healthcare
OHI
$14.4B
$1.67M 0.01%
59,663
+600
+1% +$18.1K
DXC icon
636
DXC Technology
DXC
$1.74B
$1.66M 0.01%
62,514
+300
+0.5% +$8.34K
EGP icon
637
EastGroup Properties
EGP
$10.9B
$1.65M 0.01%
11,127
+100
+0.9% +$15.1K
SWN
638
DELISTED
Southwestern Energy Company
SWN
$1.64M 0.01%
281,000
+100
+0% +$657
IRDM icon
639
Iridium Communications
IRDM
$5.23B
$1.64M 0.01%
31,959
– –
MTDR icon
640
Matador Resources
MTDR
$6.49B
$1.64M 0.01%
28,600
+300
+1% +$18.9K
INGR icon
641
Ingredion
INGR
$6.53B
$1.63M 0.01%
16,688
+200
+1% +$18.4K
NVT icon
642
nVent Electric
NVT
$26.3B
$1.63M 0.01%
42,406
+400
+1% +$14.8K
CW icon
643
Curtiss-Wright
CW
$25.6B
$1.63M 0.01%
9,761
+100
+1% +$16.7K
GNTX icon
644
Gentex
GNTX
$5.02B
$1.63M 0.01%
59,740
+500
+0.8% +$13.3K
FR icon
645
First Industrial Realty Trust
FR
$8.36B
$1.62M 0.01%
33,668
+400
+1% +$19.1K
MAT icon
646
Mattel
MAT
$4.21B
$1.61M 0.01%
90,233
+1,200
+1% +$21.8K
MUR icon
647
Murphy Oil
MUR
$5.09B
$1.6M 0.01%
37,247
+400
+1% +$18K
WH icon
648
Wyndham Hotels & Resorts
WH
$5.29B
$1.6M 0.01%
22,453
-300
-1% -$21.2K
JEF icon
649
Jefferies Financial Group
JEF
$12.8B
$1.6M 0.01%
48,760
-314
-0.6% -$10.4K
SF
650
Stifel
SF
$12.7B
$1.58M 0.01%
40,631
+450
+1% +$17.8K
24 25
26
27 28

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.