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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
ICUI icon
851
ICU Medical
ICUI
$4.56B
$813K 0.01%
5,161
+100
+2% +$15.2K
FERG icon
852
Ferguson
FERG
$51.2B
$813K 0.01%
+6,400
New +$745K
KMPR icon
853
Kemper
KMPR
$1.55B
$802K 0.01%
16,296
+200
+1% +$10.1K
COTY icon
854
Coty
COTY
$2.51B
$797K 0.01%
93,098
+2,100
+2% +$15.4K
JHG
855
DELISTED
Janus Henderson
JHG
$793K 0.01%
33,713
+300
+0.9% +$7.03K
BOH icon
856
Bank of Hawaii
BOH
$3.1B
$793K 0.01%
10,219
+100
+1% +$7.75K
CHH icon
857
Choice Hotels
CHH
$4.62B
$792K 0.01%
7,032
-300
-4% -$35.9K
COLM icon
858
Columbia Sportswear
COLM
$2.92B
$786K 0.01%
8,974
+100
+1% +$8.05K
SAM icon
859
Boston Beer
SAM
$1.86B
$785K 0.01%
2,383
– –
BDC icon
860
Belden
BDC
$5.28B
$784K 0.01%
10,898
-100
-0.9% -$7.26K
NARI
861
DELISTED
Inari Medical, Inc. Common Stock
NARI
$782K 0.01%
12,300
+200
+2% +$14.5K
FHI icon
862
Federated Hermes
FHI
$4.71B
$780K 0.01%
21,476
+100
+0.5% +$3.51K
SXT icon
863
Sensient Technologies
SXT
$5.51B
$778K 0.01%
10,668
+100
+0.9% +$7.16K
VNT icon
864
Vontier
VNT
$4.63B
$777K 0.01%
40,215
+400
+1% +$7.5K
NSA
865
DELISTED
National Storage Affiliates Trust
NSA
$777K 0.01%
21,501
– –
IPGP icon
866
IPG Photonics
IPGP
$3.61B
$776K 0.01%
8,200
-200
-2% -$17.9K
OVV icon
867
Ovintiv
OVV
$17.6B
$776K 0.01%
+15,300
New +$800K
FNF icon
868
Fidelity National Financial
FNF
$12.9B
$774K 0.01%
20,576
+737
+4% +$27.7K
CNX icon
869
CNX Resources
CNX
$5.32B
$773K 0.01%
45,902
-1,900
-4% -$32.8K
CATY icon
870
Cathay General Bancorp
CATY
$4.23B
$772K 0.01%
18,930
+200
+1% +$8.66K
TCBI icon
871
Texas Capital Bancshares
TCBI
$4.32B
$769K 0.01%
12,752
+200
+2% +$11.8K
ENS icon
872
EnerSys
ENS
$6.79B
$766K 0.01%
10,372
+100
+1% +$6.98K
FL
873
DELISTED
Foot Locker
FL
$762K 0.01%
20,167
-100
-0.5% -$3.43K
LIVN icon
874
LivaNova
LIVN
$4.21B
$756K 0.01%
13,611
+100
+0.7% +$5.11K
WWE
875
DELISTED
World Wrestling Entertainment
WWE
$754K 0.01%
11,010
+100
+0.9% +$7.56K
33 34
35
36 37

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.