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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
KRG icon
751
Kite Realty
KRG
$5.29B
$1.17M 0.01%
55,795
+600
+1% +$12.2K
PENN icon
752
PENN Entertainment
PENN
$2.53B
$1.17M 0.01%
39,500
-500
-1% -$16.2K
TPL icon
753
Texas Pacific Land
TPL
$24.2B
$1.17M 0.01%
+4,500
New +$1.19M
PVH icon
754
PVH
PVH
$4.02B
$1.17M 0.01%
16,600
-300
-2% -$17.9K
SRCL
755
DELISTED
Stericycle Inc
SRCL
$1.17M 0.01%
23,419
+200
+0.9% +$9.52K
PRGO icon
756
Perrigo
PRGO
$1.75B
$1.17M 0.01%
34,258
+300
+0.9% +$10.6K
BKH icon
757
Black Hills Corp
BKH
$5.62B
$1.17M 0.01%
16,600
+200
+1% +$13.4K
QDEL icon
758
QuidelOrtho
QDEL
$938M
$1.17M 0.01%
13,627
– –
FNB icon
759
FNB Corp
FNB
$6.75B
$1.17M 0.01%
89,351
+900
+1% +$12.1K
HE icon
760
Hawaiian Electric Industries
HE
$2.02B
$1.17M 0.01%
27,848
+300
+1% +$11.6K
SLAB icon
761
Silicon Laboratories
SLAB
$7.2B
$1.15M 0.01%
8,497
-100
-1% -$13.1K
CADE
762
DELISTED
Cadence Bank
CADE
$1.14M 0.01%
46,410
+400
+0.9% +$10.7K
FFIN icon
763
First Financial Bankshares
FFIN
$4.93B
$1.14M 0.01%
33,063
+400
+1% +$15.1K
EEFT icon
764
Euronet Worldwide
EEFT
$2.65B
$1.13M 0.01%
12,017
+100
+0.8% +$8.66K
MMS icon
765
Maximus
MMS
$2.9B
$1.13M 0.01%
15,418
+200
+1% +$12.9K
OZK icon
766
Bank OZK
OZK
$5.63B
$1.13M 0.01%
28,212
+200
+0.7% +$8.59K
AZTA icon
767
Azenta
AZTA
$1.54B
$1.11M 0.01%
19,117
+200
+1% +$10.2K
POR icon
768
Portland General Electric
POR
$5.66B
$1.11M 0.01%
22,700
+200
+0.9% +$9.27K
EQH icon
769
Equitable Holdings
EQH
$14.4B
$1.11M 0.01%
38,586
+20,800
+117% +$616K
SLGN icon
770
Silgan Holdings
SLGN
$4.35B
$1.1M 0.01%
21,300
+200
+0.9% +$9.79K
BYD icon
771
Boyd Gaming
BYD
$5.92B
$1.1M 0.01%
20,224
-200
-1% -$11.3K
HOMB icon
772
Home BancShares
HOMB
$6.17B
$1.1M 0.01%
48,330
+300
+0.6% +$7.28K
ARWR icon
773
Arrowhead Research
ARWR
$12.5B
$1.09M 0.01%
26,970
+300
+1% +$9.94K
LEG icon
774
Leggett & Platt
LEG
$1.29B
$1.09M 0.01%
33,748
+300
+0.9% +$10.1K
LPX icon
775
Louisiana-Pacific
LPX
$5.2B
$1.08M 0.01%
18,258
-400
-2% -$23.6K
29 30
31
32 33

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.