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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
(+5.4%)
Cap. Flow
-$204M
Cap. Flow
% of AUM
-1.42%
Top 10 Holdings %
Top 10 Hldgs %
31.67%
Holding
983
New
17
Increased
553
Reduced
277
Closed
16
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Verizon
VZ
|
+$37.9M |
| 2 |
Intuitive Surgical
ISRG
|
+$24.2M |
| 3 |
State Street Energy Select Sector SPDR ETF
XLE
|
+$21.8M |
| 4 |
Visa
V
|
+$13.9M |
| 5 |
Paycom
PAYC
|
+$8.65M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apollo Global Management
APO
|
+$94.4M |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$81.5M |
| 3 |
Microsoft
MSFT
|
+$37.3M |
| 4 |
Meta Platforms (Facebook)
META
|
+$32.9M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
976
U-Haul Holding Co
UHAL
$14.6B
| – | – |
-5,060
| Closed | -$258K |
|
977
Advanced Drainage Systems
WMS
$10.7B
| – | – |
-5,474
| Closed | -$681K |
|
|
NUVA
978
DELISTED
NuVasive, Inc.
NUVA
| – | – |
-13,133
| Closed | -$575K |
|
|
ABMD
979
DELISTED
Abiomed Inc
ABMD
| – | – |
-12,914
| Closed | -$3.17M |
|
|
TWTR
980
DELISTED
Twitter, Inc.
TWTR
| – | – |
-271,638
| Closed | -$11.9M |
|
|
Y
981
DELISTED
Alleghany Corp
Y
| – | – |
-3,677
| Closed | -$3.09M |
|
|
DRE
982
DELISTED
Duke Realty Corp.
DRE
| – | – |
-110,374
| Closed | -$5.32M |
|
|
NLSN
983
DELISTED
Nielsen Holdings plc
NLSN
| – | – |
-97,392
| Closed | -$2.7M |
|
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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.