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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
KBH icon
901
KB Home
KBH
$3.47B
$673K ﹤0.01%
21,138
-200
-0.9% -$5.96K
HELE icon
902
Helen of Troy
HELE
$680M
$668K ﹤0.01%
6,027
– –
BLKB icon
903
Blackbaud
BLKB
$2.09B
$668K ﹤0.01%
11,348
+100
+0.9% +$5.6K
LBTYK icon
904
Liberty Global Class C
LBTYK
$3.41B
$665K ﹤0.01%
34,250
-100
-0.3% -$1.89K
MRCY icon
905
Mercury Systems
MRCY
$6.52B
$662K ﹤0.01%
14,806
+300
+2% +$14.2K
CNO icon
906
CNO Financial Group
CNO
$5.12B
$659K ﹤0.01%
28,851
– –
GO icon
907
Grocery Outlet
GO
$972M
$659K ﹤0.01%
22,580
+300
+1% +$9.41K
ACIW icon
908
ACI Worldwide
ACIW
$5.34B
$659K ﹤0.01%
28,643
-100
-0.3% -$2.15K
ENOV icon
909
Enovis
ENOV
$1.4B
$648K ﹤0.01%
12,102
+100
+0.8% +$5.16K
BCO icon
910
Brink's
BCO
$4.55B
$633K ﹤0.01%
11,777
-100
-0.8% -$5.79K
NGVT icon
911
Ingevity
NGVT
$2.65B
$632K ﹤0.01%
8,973
– –
ESAB icon
912
ESAB
ESAB
$5.32B
$619K ﹤0.01%
13,202
+1,700
+15% +$71.1K
PDCO
913
DELISTED
Patterson Companies, Inc.
PDCO
$617K ﹤0.01%
22,026
+200
+0.9% +$5.52K
MAC icon
914
Macerich
MAC
$6.9B
$616K ﹤0.01%
54,679
+500
+0.9% +$5.64K
COKE icon
915
Coca-Cola Consolidated
COKE
$12.4B
$615K ﹤0.01%
12,000
– –
IBOC icon
916
International Bancshares
IBOC
$4.53B
$614K ﹤0.01%
13,412
+100
+0.8% +$4.82K
AMKR icon
917
Amkor Technology
AMKR
$13.1B
$613K ﹤0.01%
25,549
+200
+0.8% +$4.63K
GHC icon
918
Graham Holdings Company
GHC
$4.99B
$611K ﹤0.01%
1,012
– –
SSNC icon
919
SS&C Technologies
SSNC
$18.7B
$608K ﹤0.01%
11,670
+1,800
+18% +$91.2K
GAP
920
The Gap Inc
GAP
$7.74B
$606K ﹤0.01%
53,730
-100
-0.2% -$1.2K
WERN icon
921
Werner Enterprises
WERN
$2.2B
$604K ﹤0.01%
14,998
+100
+0.7% +$4.08K
VSAT icon
922
Viasat
VSAT
$11.7B
$598K ﹤0.01%
18,884
– –
PGNY icon
923
Progyny
PGNY
$2.18B
$597K ﹤0.01%
19,179
+400
+2% +$14.5K
STAA icon
924
STAAR Surgical
STAA
$1.25B
$596K ﹤0.01%
12,284
+200
+2% +$12.5K
NWS icon
925
News Corp Class B
NWS
$17.6B
$591K ﹤0.01%
32,045
-300
-0.9% -$5.29K
35 36
37
38 39

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.