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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
HXL icon
726
Hexcel
HXL
$7.63B
$1.26M 0.01%
21,397
+200
+0.9% +$11.5K
FLR icon
727
Fluor
FLR
$7.3B
$1.25M 0.01%
36,197
+400
+1% +$12.8K
EXP icon
728
Eagle Materials
EXP
$6.47B
$1.25M 0.01%
9,429
-100
-1% -$12.6K
POST icon
729
Post Holdings
POST
$3.45B
$1.25M 0.01%
13,847
+100
+0.7% +$8.91K
DISH
730
DELISTED
DISH Network Corp.
DISH
$1.25M 0.01%
88,813
+4,300
+5% +$63.5K
COHR icon
731
Coherent
COHR
$63.6B
$1.24M 0.01%
35,306
+2,600
+8% +$90.4K
NOVT icon
732
Novanta
NOVT
$6.2B
$1.24M 0.01%
9,100
+100
+1% +$14K
MKSI icon
733
MKS Inc
MKSI
$19.8B
$1.23M 0.01%
14,540
+100
+0.7% +$8.01K
RYN icon
734
Rayonier
RYN
$6.52B
$1.23M 0.01%
41,105
+441
+1% +$13.6K
NATI
735
DELISTED
National Instruments Corp
NATI
$1.23M 0.01%
33,278
-100
-0.3% -$3.91K
CXT icon
736
Crane NXT
CXT
$2.96B
$1.22M 0.01%
35,043
+576
+2% +$20.1K
GTLS
737
DELISTED
Chart Industries
GTLS
$1.22M 0.01%
10,600
+1,600
+18% +$257K
THG icon
738
Hanover Insurance
THG
$7.86B
$1.22M 0.01%
9,032
– –
NJR icon
739
New Jersey Resources
NJR
$5.45B
$1.21M 0.01%
24,485
+200
+0.8% +$9.13K
DVA icon
740
DaVita
DVA
$11.7B
$1.21M 0.01%
16,239
+100
+0.6% +$7.77K
VLY icon
741
Valley National Bancorp
VLY
$8.1B
$1.21M 0.01%
106,981
+1,000
+0.9% +$11.8K
TGNA
742
DELISTED
TEGNA Inc
TGNA
$1.2M 0.01%
56,771
+500
+0.9% +$10.1K
OLED icon
743
Universal Display
OLED
$4.16B
$1.2M 0.01%
11,105
+200
+2% +$21K
TKR icon
744
Timken Company
TKR
$8.77B
$1.19M 0.01%
16,823
– –
GME icon
745
GameStop
GME
$8.43B
$1.19M 0.01%
64,300
+600
+0.9% +$14.7K
PBF icon
746
PBF Energy
PBF
$7.86B
$1.19M 0.01%
+29,100
New +$1.21M
OPCH icon
747
Option Care Health
OPCH
$3.67B
$1.18M 0.01%
39,359
+400
+1% +$12.4K
TREX icon
748
Trex
TREX
$4.91B
$1.18M 0.01%
27,922
+100
+0.4% +$4.54K
RL icon
749
Ralph Lauren
RL
$24.2B
$1.18M 0.01%
11,180
-400
-3% -$40K
CC icon
750
Chemours
CC
$2.2B
$1.18M 0.01%
38,379
-700
-2% -$21K
28 29
30
31 32

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.