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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
MZTI
801
The Marzetti Company
MZTI
$3.13B
$993K 0.01%
5,032
– –
UMPQ
802
DELISTED
Umpqua Holdings Corp
UMPQ
$987K 0.01%
55,290
+600
+1% +$11.3K
MSM icon
803
MSC Industrial Direct
MSM
$6.87B
$986K 0.01%
12,065
+100
+0.8% +$8.15K
QLYS icon
804
Qualys
QLYS
$6.43B
$985K 0.01%
8,776
– –
FOXF icon
805
Fox Factory Holding Corp
FOXF
$882M
$984K 0.01%
10,789
+100
+0.9% +$9.3K
MTG icon
806
MGIC Investment
MTG
$6.21B
$983K 0.01%
75,617
-900
-1% -$11.8K
KEX icon
807
Kirby Corp
KEX
$7B
$982K 0.01%
15,259
+200
+1% +$13.3K
WEN icon
808
Wendy's
WEN
$1.39B
$982K 0.01%
43,385
+500
+1% +$10.7K
XPO icon
809
XPO
XPO
$23.5B
$977K 0.01%
29,342
-19,536
-40% -$658K
CUZ icon
810
Cousins Properties
CUZ
$4.83B
$975K 0.01%
38,544
+400
+1% +$9.76K
SWX icon
811
Southwest Gas
SWX
$6.56B
$973K 0.01%
15,729
+200
+1% +$13.6K
AVT icon
812
Avnet
AVT
$7.99B
$969K 0.01%
23,305
-600
-3% -$24.9K
SYNA icon
813
Synaptics
SYNA
$4.09B
$964K 0.01%
10,133
+100
+1% +$9.61K
SYNH
814
DELISTED
Syneos Health, Inc. Class A Common Stock
SYNH
$962K 0.01%
26,222
+300
+1% +$11.9K
IRT icon
815
Independence Realty Trust
IRT
$3.94B
$961K 0.01%
57,000
+1,100
+2% +$18.6K
SMCI icon
816
Super Micro Computer
SMCI
$20.4B
$961K 0.01%
+117,000
New +$891K
CBT icon
817
Cabot Corp
CBT
$4.46B
$960K 0.01%
14,365
+200
+1% +$14K
SSD icon
818
Simpson Manufacturing
SSD
$8.03B
$960K 0.01%
10,827
-100
-0.9% -$8.74K
ZD icon
819
Ziff Davis
ZD
$2B
$952K 0.01%
12,040
+100
+0.8% +$8.04K
GATX icon
820
GATX Corp
GATX
$6.23B
$948K 0.01%
8,912
– –
VC icon
821
Visteon
VC
$2.8B
$943K 0.01%
7,207
+100
+1% +$13.3K
AN icon
822
AutoNation
AN
$6.88B
$939K 0.01%
8,748
-1,000
-10% -$111K
ALE
823
DELISTED
Allete
ALE
$938K 0.01%
14,546
+200
+1% +$11.9K
PTON icon
824
Peloton Interactive
PTON
$2.42B
$925K 0.01%
116,477
– –
UMBF icon
825
UMB Financial
UMBF
$11.1B
$922K 0.01%
11,041
+100
+0.9% +$8.4K
31 32
33
34 35

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.