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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
ORA icon
776
Ormat Technologies
ORA
$6.87B
$1.07M 0.01%
12,400
+1,100
+10% +$98.7K
R icon
777
Ryder
R
$9.98B
$1.07M 0.01%
12,830
-100
-0.8% -$8.39K
MAN icon
778
ManpowerGroup
MAN
$2.63B
$1.07M 0.01%
12,863
-200
-2% -$16K
TXNM
779
TXNM Energy Inc
TXNM
$5.91B
$1.07M 0.01%
21,889
+300
+1% +$14.3K
ESNT icon
780
Essent Group
ESNT
$6.23B
$1.07M 0.01%
27,433
+300
+1% +$11.4K
SLM icon
781
SLM Corp
SLM
$5.14B
$1.06M 0.01%
63,699
+300
+0.5% +$4.92K
HWC icon
782
Hancock Whitney
HWC
$6.23B
$1.06M 0.01%
21,840
+200
+0.9% +$10.3K
CRUS icon
783
Cirrus Logic
CRUS
$6.11B
$1.05M 0.01%
14,041
-100
-0.7% -$7.19K
OGS icon
784
ONE Gas
OGS
$4.96B
$1.05M 0.01%
13,804
+200
+1% +$15.4K
CAR icon
785
Avis
CAR
$4.9B
$1.04M 0.01%
6,373
-900
-12% -$181K
WING icon
786
Wingstop
WING
$3.2B
$1.04M 0.01%
7,572
– –
POWI icon
787
Power Integrations
POWI
$3.46B
$1.04M 0.01%
14,518
+100
+0.7% +$7.14K
IART icon
788
Integra LifeSciences
IART
$1.33B
$1.04M 0.01%
18,490
+200
+1% +$10.2K
EFOR
789
Everforth Inc
EFOR
$1.33B
$1.04M 0.01%
12,721
+100
+0.8% +$8.77K
KRC icon
790
Kilroy Realty
KRC
$4.32B
$1.04M 0.01%
26,765
+200
+0.8% +$8.23K
NSP icon
791
Insperity
NSP
$1.96B
$1.03M 0.01%
9,050
– –
THO icon
792
Thor Industries
THO
$4.14B
$1.03M 0.01%
13,618
-100
-0.7% -$8.04K
WTS icon
793
Watts Water Technologies
WTS
$12.8B
$1.02M 0.01%
6,995
+100
+1% +$14.4K
FLS icon
794
Flowserve
FLS
$10.1B
$1.02M 0.01%
33,268
+300
+0.9% +$8.75K
SNX icon
795
TD Synnex
SNX
$20.3B
$1.02M 0.01%
10,721
+100
+0.9% +$9.37K
WLK icon
796
Westlake Corp
WLK
$10.1B
$1.02M 0.01%
+9,900
New +$997K
HAE icon
797
Haemonetics
HAE
$3.94B
$1.01M 0.01%
12,874
-100
-0.8% -$8.04K
LULU icon
798
lululemon athletica
LULU
$14.5B
$996K 0.01%
3,108
-4,600
-60% -$1.51M
CALX icon
799
Calix
CALX
$2.4B
$993K 0.01%
14,518
+200
+1% +$13.4K
EVR icon
800
Evercore
EVR
$11.5B
$993K 0.01%
9,105
– –
30 31
32
33 34

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.