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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
AM icon
826
Antero Midstream
AM
$10.4B
$920K 0.01%
85,225
+800
+0.9% +$8.49K
SR icon
827
Spire
SR
$4.79B
$918K 0.01%
13,336
+100
+0.8% +$6.8K
VNO icon
828
Vornado Realty Trust
VNO
$7.26B
$912K 0.01%
43,810
+200
+0.5% +$4.58K
YETI icon
829
Yeti Holdings
YETI
$3.99B
$907K 0.01%
21,947
+200
+0.9% +$7.51K
LITE icon
830
Lumentum
LITE
$63.3B
$904K 0.01%
17,328
-100
-0.6% -$6.14K
PCH
831
DELISTED
PotlatchDeltic
PCH
$903K 0.01%
20,531
+100
+0.5% +$4.53K
BHF icon
832
Brighthouse Financial
BHF
$3.46B
$901K 0.01%
17,568
-500
-3% -$26.1K
CABO icon
833
Cable One
CABO
$203M
$896K 0.01%
1,259
– –
LNTH icon
834
Lantheus
LNTH
$6.59B
$892K 0.01%
+17,500
New +$1.08M
ASB icon
835
Associated Banc-Corp
ASB
$5.92B
$884K 0.01%
38,278
+400
+1% +$9.23K
BRBR icon
836
BellRing Brands
BRBR
$1.32B
$883K 0.01%
34,445
+300
+0.9% +$7.21K
PSNL icon
837
Personalis
PSNL
$1.55B
$879K 0.01%
443,798
– –
NWE icon
838
NorthWestern Energy
NWE
$4.38B
$874K 0.01%
14,728
+600
+4% +$32.7K
SFM icon
839
Sprouts Farmers Market
SFM
$7.96B
$874K 0.01%
26,996
-100
-0.4% -$3.11K
TDC icon
840
Teradata
TDC
$2.58B
$873K 0.01%
25,942
– –
ENV
841
DELISTED
ENVESTNET, INC.
ENV
$868K 0.01%
14,071
+200
+1% +$10.7K
DOC
842
DELISTED
PHYSICIANS REALTY TRUST
DOC
$841K 0.01%
58,120
+1,100
+2% +$16K
NEOG icon
843
Neogen
NEOG
$2.49B
$838K 0.01%
55,053
+600
+1% +$8.54K
ADNT icon
844
Adient
ADNT
$1.44B
$838K 0.01%
24,156
+300
+1% +$10.5K
TMHC
845
DELISTED
Taylor Morrison
TMHC
$838K 0.01%
27,595
-1,100
-4% -$30.7K
DELL icon
846
Dell
DELL
$296B
$835K 0.01%
20,758
+3,800
+22% +$150K
FCFS icon
847
FirstCash
FCFS
$9.05B
$827K 0.01%
9,515
-100
-1% -$8.86K
LOPE icon
848
Grand Canyon Education
LOPE
$3.82B
$820K 0.01%
7,759
-300
-4% -$29.9K
VYX icon
849
NCR Voyix
VYX
$1.09B
$820K 0.01%
57,063
+815
+1% +$10.8K
MTSI icon
850
MACOM Technology Solutions
MTSI
$22.7B
$819K 0.01%
13,000
+100
+0.8% +$6.25K
32 33
34
35 36

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.