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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
WLY icon
951
John Wiley & Sons Class A
WLY
$2.62B
$435K ﹤0.01%
10,852
– –
EXE
952
Expand Energy Corp
EXE
$22.6B
$415K ﹤0.01%
+4,400
New +$436K
XRX icon
953
Xerox
XRX
$427M
$413K ﹤0.01%
28,256
– –
SITM icon
954
SiTime
SITM
$20.7B
$406K ﹤0.01%
4,000
– –
RCM
955
DELISTED
R1 RCM Inc. Common Stock
RCM
$383K ﹤0.01%
35,001
+400
+1% +$5.08K
WOR icon
956
Worthington Enterprises
WOR
$2.79B
$381K ﹤0.01%
12,447
+162
+1% +$5.02K
ERIE icon
957
Erie Indemnity
ERIE
$13.2B
$356K ﹤0.01%
1,432
+100
+8% +$25.7K
ALLY icon
958
Ally Financial
ALLY
$13.3B
$351K ﹤0.01%
14,364
+400
+3% +$10.6K
VICR icon
959
Vicor
VICR
$9.63B
$303K ﹤0.01%
5,644
– –
LBTYA icon
960
Liberty Global Class A
LBTYA
$3.46B
$273K ﹤0.01%
14,438
+2,100
+17% +$38.2K
PPC icon
961
Pilgrim's Pride
PPC
$6.31B
$272K ﹤0.01%
11,471
– –
ST icon
962
Sensata Technologies
ST
$6.66B
$251K ﹤0.01%
+6,220
New +$259K
VEEV icon
963
Veeva Systems
VEEV
$38.1B
$242K ﹤0.01%
1,500
-600
-29% -$103K
SHC icon
964
Sotera Health
SHC
$5.41B
$209K ﹤0.01%
25,100
+100
+0.4% +$746
CLVT icon
965
Clarivate
CLVT
$1.21B
$137K ﹤0.01%
16,382
+5,400
+49% +$50.7K
RUBY
966
DELISTED
Rubius Therapeutics, Inc
RUBY
$110K ﹤0.01%
640,000
– –
DMTK
967
DELISTED
DermTech, Inc. Common Stock
DMTK
$106K ﹤0.01%
60,000
– –
BFH icon
968
Bread Financial
BFH
$4.38B
– –
-12,557
Closed -$395K
COIN icon
969
Coinbase
COIN
$39.2B
– –
-12,400
Closed -$800K
MLKN icon
970
MillerKnoll
MLKN
$1.64B
– –
-19,128
Closed -$298K
NUS icon
971
Nu Skin
NUS
$250M
– –
-12,747
Closed -$425K
TEAD
972
Teads Holding Co
TEAD
$64.5M
– –
-59,561
Closed -$217K
OPEN icon
973
Opendoor
OPEN
$3.38B
– –
-128,706
Closed -$387K
SABR icon
974
Sabre
SABR
$835M
– –
-82,704
Closed -$426K
SMTC icon
975
Semtech
SMTC
$12.2B
– –
-15,957
Closed -$469K
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.