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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
IAA
701
DELISTED
IAA, Inc. Common Stock
IAA
$1.36M 0.01%
34,030
+300
+0.9% +$11.3K
NYT icon
702
New York Times
NYT
$10.5B
$1.36M 0.01%
41,916
+200
+0.5% +$6.52K
MEDP icon
703
Medpace
MEDP
$16.8B
$1.36M 0.01%
6,399
+100
+2% +$20K
ASH icon
704
Ashland
ASH
$3.45B
$1.36M 0.01%
12,639
+100
+0.8% +$10.5K
AYI icon
705
Acuity Brands
AYI
$10.6B
$1.36M 0.01%
8,194
-100
-1% -$17.8K
RLI icon
706
RLI Corp
RLI
$5.83B
$1.35M 0.01%
20,632
+200
+1% +$12.4K
MSA icon
707
Mine Safety
MSA
$7.45B
$1.35M 0.01%
9,355
+100
+1% +$13.1K
THC icon
708
Tenet Healthcare
THC
$20.9B
$1.34M 0.01%
27,493
+300
+1% +$13.9K
ONB icon
709
Old National Bancorp
ONB
$10.1B
$1.34M 0.01%
74,542
+700
+0.9% +$12.9K
TOL icon
710
Toll Brothers
TOL
$14B
$1.34M 0.01%
26,826
-100
-0.4% -$4.6K
PRI icon
711
Primerica
PRI
$9.65B
$1.34M 0.01%
9,419
– –
FOX icon
712
Fox Class B
FOX
$23.6B
$1.33M 0.01%
46,831
-1,984
-4% -$56.8K
BC icon
713
Brunswick
BC
$5.21B
$1.33M 0.01%
18,470
-300
-2% -$21.3K
HQY icon
714
HealthEquity
HQY
$8.93B
$1.33M 0.01%
21,522
+300
+1% +$20.2K
UNVR
715
DELISTED
Univar Solutions Inc.
UNVR
$1.32M 0.01%
41,497
-600
-1% -$17.2K
EXEL icon
716
Exelixis
EXEL
$13.1B
$1.32M 0.01%
82,116
+1,000
+1% +$16.3K
RH icon
717
RH
RH
$3.47B
$1.31M 0.01%
4,915
-100
-2% -$26.1K
AIRC
718
DELISTED
Apartment Income REIT Corp.
AIRC
$1.31M 0.01%
38,150
-700
-2% -$25.7K
VAC icon
719
Marriott Vacations Worldwide
VAC
$3.89B
$1.31M 0.01%
9,713
-200
-2% -$27.9K
WTFC icon
720
Wintrust Financial
WTFC
$10.7B
$1.31M 0.01%
15,463
+200
+1% +$17.7K
RUN icon
721
Sunrun
RUN
$2.38B
$1.3M 0.01%
54,247
+800
+1% +$21.4K
GXO icon
722
GXO Logistics
GXO
$5.4B
$1.29M 0.01%
30,227
+300
+1% +$12K
LHCG
723
DELISTED
LHC Group LLC
LHCG
$1.28M 0.01%
7,940
+100
+1% +$16.5K
MTZ icon
724
MasTec
MTZ
$21.5B
$1.28M 0.01%
15,039
+600
+4% +$49.2K
BLD
725
DELISTED
TopBuild
BLD
$1.28M 0.01%
8,157
– –
27 28
29
30 31

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.