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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
MDU icon
651
MDU Resources
MDU
$4.29B
$1.57M 0.01%
136,281
+1,578
+1% +$17.7K
SAIC icon
652
Saic
SAIC
$5.3B
$1.56M 0.01%
14,055
– –
TXRH icon
653
Texas Roadhouse
TXRH
$13.6B
$1.55M 0.01%
17,078
+200
+1% +$19.2K
RRC icon
654
Range Resources
RRC
$9.41B
$1.54M 0.01%
61,486
-1,000
-2% -$27.4K
AMG icon
655
Affiliated Managers Group
AMG
$9.6B
$1.52M 0.01%
9,619
– –
EHC icon
656
Encompass Health
EHC
$12.5B
$1.52M 0.01%
25,445
+300
+1% +$16.3K
LNC icon
657
Lincoln National
LNC
$8.75B
$1.52M 0.01%
49,501
-800
-2% -$31.8K
VOYA icon
658
Voya Financial
VOYA
$9.09B
$1.52M 0.01%
24,716
– –
SON icon
659
Sonoco
SON
$5.72B
$1.51M 0.01%
24,851
+300
+1% +$18K
SGI
660
Somnigroup International
SGI
$13.6B
$1.49M 0.01%
43,538
+100
+0.2% +$3.01K
LSTR icon
661
Landstar System
LSTR
$6.05B
$1.49M 0.01%
9,170
– –
X
662
DELISTED
US Steel
X
$1.49M 0.01%
59,599
-200
-0.3% -$4.61K
FLG
663
Flagstar Bank National Association
FLG
$5.84B
$1.49M 0.01%
57,714
+18,533
+47% +$496K
MUSA icon
664
Murphy USA
MUSA
$10.2B
$1.49M 0.01%
5,324
-100
-2% -$29K
PDCE
665
DELISTED
PDC Energy, Inc.
PDCE
$1.49M 0.01%
23,420
-900
-4% -$62.8K
ALK icon
666
Alaska Air
ALK
$5.27B
$1.48M 0.01%
34,462
+200
+0.6% +$8.81K
WWD icon
667
Woodward
WWD
$21B
$1.48M 0.01%
15,310
+100
+0.7% +$9.24K
NFG icon
668
National Fuel Gas
NFG
$7.78B
$1.48M 0.01%
23,312
+300
+1% +$19.3K
VVV icon
669
Valvoline
VVV
$4.3B
$1.47M 0.01%
45,115
+500
+1% +$15.1K
CHX
670
DELISTED
ChampionX
CHX
$1.47M 0.01%
50,795
-400
-0.8% -$11K
OSK icon
671
Oshkosh
OSK
$9.59B
$1.46M 0.01%
16,608
+100
+0.6% +$8.58K
CLH icon
672
Clean Harbors
CLH
$16.4B
$1.46M 0.01%
12,807
+100
+0.8% +$11.7K
GMED icon
673
Globus Medical
GMED
$11.7B
$1.46M 0.01%
19,661
+200
+1% +$13.6K
FYBR
674
DELISTED
Frontier Communications
FYBR
$1.45M 0.01%
56,800
+600
+1% +$14.4K
HRB icon
675
H&R Block
HRB
$5.82B
$1.44M 0.01%
39,568
-700
-2% -$28.4K
25 26
27
28 29

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.