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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
QUAL icon
51
iShares MSCI USA Quality Factor ETF
QUAL
$48.1B
$52.7M 0.37%
462,350
+75,050
+19% +$8.51M
MCD icon
52
McDonald's
MCD
$193B
$52.4M 0.37%
199,015
-100
-0.1% -$26.4K
ACN icon
53
Accenture
ACN
$109B
$48.4M 0.34%
181,538
-100,100
-36% -$27.7M
DHR icon
54
Danaher
DHR
$144B
$47.3M 0.33%
200,836
+1,015
+0.5% +$235K
WFC icon
55
Wells Fargo
WFC
$264B
$46.8M 0.33%
1,132,749
+8,400
+0.7% +$372K
EPAM icon
56
EPAM Systems
EPAM
$5.04B
$45.7M 0.32%
139,327
+100
+0.1% +$34K
AGG icon
57
iShares Core US Aggregate Bond ETF
AGG
$138B
$45.3M 0.32%
467,500
– –
RTX icon
58
RTX Corp
RTX
$304B
$45.2M 0.31%
447,732
+300
+0.1% +$28.2K
NEE icon
59
NextEra Energy
NEE
$175B
$45.2M 0.31%
540,098
+8,300
+2% +$671K
ADBE icon
60
Adobe
ADBE
$106B
$44.9M 0.31%
133,523
-200
-0.1% -$64K
LIN icon
61
Linde
LIN
$226B
$43.8M 0.31%
134,404
-500
-0.4% -$157K
TXN icon
62
Texas Instruments
TXN
$260B
$43.8M 0.31%
265,065
+800
+0.3% +$133K
HSY icon
63
Hershey
HSY
$36.4B
$43.7M 0.3%
188,734
-1,400
-0.7% -$323K
NKE icon
64
Nike
NKE
$61.2B
$43.3M 0.3%
369,815
-44,200
-11% -$4.45M
DIS icon
65
Walt Disney
DIS
$178B
$43M 0.3%
495,466
+2,100
+0.4% +$201K
PM icon
66
Philip Morris
PM
$291B
$42.6M 0.3%
421,358
+1,800
+0.4% +$170K
ANET icon
67
Arista Networks
ANET
$245B
$42.1M 0.29%
1,389,156
+274,400
+25% +$8.45M
VLUE icon
68
iShares MSCI USA Value Factor ETF
VLUE
$9.49B
$41.8M 0.29%
458,350
+18,050
+4% +$1.65M
CMCSA icon
69
Comcast
CMCSA
$88.3B
$41M 0.29%
1,172,389
-19,500
-2% -$645K
IBM icon
70
IBM
IBM
$226B
$40.6M 0.28%
288,286
-1,500
-0.5% -$207K
PAYC icon
71
Paycom
PAYC
$9.52B
$40.2M 0.28%
129,553
+26,800
+26% +$8.65M
COP icon
72
ConocoPhillips
COP
$146B
$40M 0.28%
338,691
-5,900
-2% -$717K
GLOB icon
73
Globant
GLOB
$1.61B
$39.9M 0.28%
237,400
– –
HON icon
74
Honeywell
HON
$77B
$39.2M 0.27%
193,861
+425
+0.2% +$81.2K
INTC icon
75
Intel
INTC
$491B
$38.7M 0.27%
1,465,483
-108
-0% -$3K
1 2
3
4 5

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
AM
AGF Management Toronto, Ontario, Canada $22.3B AUM 46.42% 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
Luther King Capital Management (LKCM)
Luther King Capital Management (LKCM) Fort Worth, Texas $23.1B AUM 21.31% 1-Year Est. Return
DSA
Davis Selected Advisers Tucson, Arizona $21.8B AUM 23.45% 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.