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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
AMGN icon
76
Amgen
AMGN
$223B
$38.1M 0.27%
144,997
+200
+0.1% +$53.6K
CVS icon
77
CVS Health
CVS
$122B
$37M 0.26%
397,477
+2,000
+0.5% +$193K
FTNT icon
78
Fortinet
FTNT
$122B
$37M 0.26%
756,270
+73,420
+11% +$3.83M
CRM icon
79
Salesforce
CRM
$159B
$36M 0.25%
271,743
+2,400
+0.9% +$350K
QCOM icon
80
Qualcomm
QCOM
$174B
$35.8M 0.25%
325,366
+200
+0.1% +$23.4K
NFLX icon
81
Netflix
NFLX
$311B
$35.7M 0.25%
1,209,490
-63,000
-5% -$1.77M
ELV icon
82
Elevance Health
ELV
$85.9B
$35.3M 0.25%
68,851
-400
-0.6% -$203K
GS icon
83
Goldman Sachs
GS
$303B
$34.9M 0.24%
101,673
-1,400
-1% -$487K
LMT icon
84
Lockheed Martin
LMT
$139B
$34.8M 0.24%
71,518
-600
-0.8% -$279K
UNP icon
85
Union Pacific
UNP
$174B
$34.6M 0.24%
167,045
-2,000
-1% -$410K
SCHW
86
Charles Schwab
SCHW
$189B
$34.5M 0.24%
414,566
+1,300
+0.3% +$101K
UPS icon
87
United Parcel Service
UPS
$88.3B
$34.5M 0.24%
198,314
-19,900
-9% -$3.44M
ORCL icon
88
Oracle
ORCL
$430B
$34.1M 0.24%
417,632
+6,500
+2% +$494K
BLK icon
89
Blackrock
BLK
$175B
$34.1M 0.24%
48,071
+7,300
+18% +$4.87M
CMG icon
90
Chipotle Mexican Grill
CMG
$41.4B
$34M 0.24%
1,224,900
-300,000
-20% -$8.96M
CAT icon
91
Caterpillar
CAT
$387B
$33.9M 0.24%
141,472
-1,400
-1% -$305K
PANW icon
92
Palo Alto Networks
PANW
$310B
$33.8M 0.24%
484,120
+78,400
+19% +$6.3M
LOW icon
93
Lowe's Companies
LOW
$122B
$33.6M 0.23%
168,670
-4,300
-2% -$859K
DE icon
94
Deere & Co
DE
$166B
$32M 0.22%
74,657
-600
-0.8% -$244K
GILD icon
95
Gilead Sciences
GILD
$165B
$31.8M 0.22%
370,743
-1,300
-0.3% -$103K
SBUX icon
96
Starbucks
SBUX
$120B
$30.9M 0.22%
311,959
+1,400
+0.5% +$132K
MS icon
97
Morgan Stanley
MS
$340B
$30.5M 0.21%
358,326
-4,100
-1% -$349K
SPGI icon
98
S&P Global
SPGI
$121B
$30.3M 0.21%
90,453
-28,200
-24% -$9.3M
CI icon
99
Cigna
CI
$74.5B
$30.2M 0.21%
91,041
-1,400
-2% -$443K
PLD icon
100
Prologis
PLD
$131B
$29.7M 0.21%
263,718
+51,827
+24% +$5.74M
2 3
4
5 6

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
AM
AGF Management Toronto, Ontario, Canada $22.3B AUM 46.42% 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
Luther King Capital Management (LKCM)
Luther King Capital Management (LKCM) Fort Worth, Texas $23.1B AUM 21.31% 1-Year Est. Return
DSA
Davis Selected Advisers Tucson, Arizona $21.8B AUM 23.45% 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.