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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
MP icon
926
MP Materials
MP
$9.73B
$571K ﹤0.01%
23,500
+200
+0.9% +$6.06K
OMCL icon
927
Omnicell
OMCL
$1.7B
$565K ﹤0.01%
11,200
– –
HBI
928
DELISTED
Hanesbrands
HBI
$560K ﹤0.01%
87,987
– –
ENR icon
929
Energizer
ENR
$1.5B
$558K ﹤0.01%
16,639
– –
UHAL.B icon
930
U-Haul Holding Co Series N
UHAL.B
$12.6B
$553K ﹤0.01%
+10,054
New +$582K
WAFD icon
931
WaFd
WAFD
$2.76B
$552K ﹤0.01%
16,457
– –
SLG icon
932
SL Green Realty
SLG
$3.9B
$545K ﹤0.01%
16,173
– –
NEU icon
933
NewMarket
NEU
$8.37B
$540K ﹤0.01%
1,737
– –
KD icon
934
Kyndryl
KD
$2.97B
$539K ﹤0.01%
48,434
+2,717
+6% +$27.3K
CBRL icon
935
Cracker Barrel
CBRL
$1.25B
$537K ﹤0.01%
5,672
-100
-2% -$10.4K
JBLU icon
936
JetBlue
JBLU
$2.13B
$529K ﹤0.01%
81,631
– –
SMG icon
937
ScottsMiracle-Gro
SMG
$3.63B
$500K ﹤0.01%
10,300
+100
+1% +$5.01K
RXO icon
938
RXO
RXO
$3.52B
$500K ﹤0.01%
+29,042
New +$515K
ALGM icon
939
Allegro MicroSystems
ALGM
$7.91B
$498K ﹤0.01%
+16,600
New +$453K
KMT icon
940
Kennametal
KMT
$2.41B
$493K ﹤0.01%
20,493
– –
GTLB icon
941
GitLab
GTLB
$6.88B
$491K ﹤0.01%
10,795
-3,241
-23% -$146K
DAN icon
942
Dana Inc
DAN
$3.21B
$486K ﹤0.01%
32,113
– –
UAA icon
943
Under Armour
UAA
$2.5B
$484K ﹤0.01%
47,600
– –
JBGS
944
JBG SMITH
JBGS
$653M
$476K ﹤0.01%
25,078
– –
TRIP icon
945
TripAdvisor
TRIP
$1.26B
$472K ﹤0.01%
26,243
– –
JWN
946
DELISTED
Nordstrom
JWN
$459K ﹤0.01%
28,408
+100
+0.4% +$1.91K
UA icon
947
Under Armour Class C
UA
$2.42B
$448K ﹤0.01%
50,200
-100
-0.2% -$760
PEB icon
948
Pebblebrook Hotel Trust
PEB
$2B
$444K ﹤0.01%
33,151
– –
NAVI icon
949
Navient
NAVI
$796M
$444K ﹤0.01%
26,971
-900
-3% -$14.2K
GEF icon
950
Greif
GEF
$4.97B
$439K ﹤0.01%
6,539
-200
-3% -$13.5K
36 37
38
39 40

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.