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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
TNL icon
876
Travel + Leisure Co
TNL
$4.5B
$754K 0.01%
20,707
-400
-2% -$15K
HIW icon
877
Highwoods Properties
HIW
$3.41B
$751K 0.01%
26,826
+300
+1% +$8.34K
KSS icon
878
Kohl's
KSS
$2.16B
$751K 0.01%
29,726
-2,700
-8% -$76.5K
VMW
879
DELISTED
VMware, Inc
VMW
$749K 0.01%
6,100
– –
CDP icon
880
COPT Defense Properties
CDP
$4.14B
$742K 0.01%
28,613
+300
+1% +$7.71K
VSXY
881
Victoria's Secret
VSXY
$7.95B
$740K 0.01%
20,682
+1,900
+10% +$75.5K
ETRN
882
DELISTED
Equitrans Midstream Corporation Common Stock
ETRN
$738K 0.01%
110,202
+1,100
+1% +$8.53K
TEX icon
883
Terex
TEX
$7.58B
$736K 0.01%
17,218
+100
+0.6% +$4.03K
TNDM icon
884
Tandem Diabetes Care
TNDM
$1.59B
$735K 0.01%
16,345
+200
+1% +$9.05K
AVNT icon
885
Avient
AVNT
$4.19B
$733K 0.01%
21,724
+200
+0.9% +$6.57K
SBRA icon
886
Sabra Healthcare REIT
SBRA
$5.28B
$731K 0.01%
58,849
+600
+1% +$7.65K
GT icon
887
Goodyear
GT
$1.74B
$731K 0.01%
72,026
+700
+1% +$7.65K
CRI icon
888
Carter's
CRI
$1.48B
$726K 0.01%
9,729
-100
-1% -$7.17K
EPR icon
889
EPR Properties
EPR
$4.63B
$720K 0.01%
19,089
+200
+1% +$7.78K
FULT icon
890
Fulton Financial
FULT
$4.6B
$718K 0.01%
42,646
+500
+1% +$8.76K
VSH icon
891
Vishay Intertechnology
VSH
$5.08B
$712K 0.01%
32,988
– –
CVLT icon
892
Commault Systems
CVLT
$5.78B
$711K 0.01%
11,312
– –
DEI icon
893
Douglas Emmett
DEI
$1.93B
$702K ﹤0.01%
44,746
+400
+0.9% +$6.66K
DY icon
894
Dycom Industries
DY
$12B
$698K ﹤0.01%
7,461
– –
CALY
895
Callaway Golf Company
CALY
$3.04B
$696K ﹤0.01%
35,248
+300
+0.9% +$5.91K
OLLI icon
896
Ollie's Bargain Outlet
OLLI
$4.8B
$693K ﹤0.01%
14,803
+200
+1% +$10.8K
AMED
897
DELISTED
Amedisys
AMED
$691K ﹤0.01%
8,275
+100
+1% +$9.02K
PACW
898
DELISTED
PacWest Bancorp
PACW
$687K ﹤0.01%
29,949
+300
+1% +$7.28K
PZZA icon
899
Papa John's
PZZA
$785M
$676K ﹤0.01%
8,215
+100
+1% +$7.86K
PK icon
900
Park Hotels & Resorts
PK
$2.92B
$675K ﹤0.01%
57,229
+500
+0.9% +$6.09K
34 35
36
37 38

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.