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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
ADP icon
101
Automatic Data Processing
ADP
$108B
$29.2M 0.2%
122,303
+2,300
+2% +$565K
BA icon
102
Boeing
BA
$185B
$29M 0.2%
152,296
+1,200
+0.8% +$196K
C icon
103
Citigroup
C
$226B
$28.5M 0.2%
630,236
+10,400
+2% +$472K
MDT icon
104
Medtronic
MDT
$112B
$28.1M 0.2%
361,198
+1,600
+0.4% +$130K
AMAT icon
105
Applied Materials
AMAT
$428B
$27.4M 0.19%
281,255
-900
-0.3% -$86.4K
AMT icon
106
American Tower
AMT
$80.4B
$26.8M 0.19%
126,584
+600
+0.5% +$125K
XLV icon
107
State Street Health Care Select Sector SPDR ETF
XLV
$43.3B
$26.3M 0.18%
193,888
+1,900
+1% +$252K
MRSH
108
Marsh
MRSH
$91.5B
$26.3M 0.18%
158,775
+23,700
+18% +$3.88M
ICE icon
109
Intercontinental Exchange
ICE
$84.4B
$26.2M 0.18%
255,342
+700
+0.3% +$69.7K
EOG icon
110
EOG Resources
EOG
$70.7B
$25.4M 0.18%
195,730
+6,200
+3% +$825K
MO icon
111
Altria Group
MO
$114B
$25.3M 0.18%
553,710
+1,300
+0.2% +$58.9K
TJX icon
112
TJX Companies
TJX
$178B
$25.1M 0.18%
315,582
-1,500
-0.5% -$111K
EXAS
113
DELISTED
Exact Sciences
EXAS
$25.1M 0.18%
507,204
– –
GE icon
114
GE Aerospace
GE
$384B
$24.9M 0.17%
476,650
+321
+0.1% +$15.8K
CB icon
115
Chubb
CB
$135B
$24.9M 0.17%
112,787
-200
-0.2% -$41.6K
MDLZ icon
116
Mondelez International
MDLZ
$79.9B
$24.7M 0.17%
371,170
+200
+0.1% +$12.6K
AXP icon
117
American Express
AXP
$230B
$24M 0.17%
162,477
+100
+0.1% +$14.8K
ADI icon
118
Analog Devices
ADI
$190B
$22.9M 0.16%
139,755
-900
-0.6% -$140K
TMUS icon
119
T-Mobile US
TMUS
$190B
$22.7M 0.16%
162,341
-600
-0.4% -$86.2K
APH icon
120
Amphenol
APH
$209B
$22.4M 0.16%
589,474
+1,400
+0.2% +$53K
SYK icon
121
Stryker
SYK
$130B
$22.4M 0.16%
91,499
+400
+0.4% +$90.8K
PYPL icon
122
PayPal
PYPL
$50.5B
$22.1M 0.15%
309,792
-3,200
-1% -$256K
REGN icon
123
Regeneron Pharmaceuticals
REGN
$80.8B
$22M 0.15%
30,497
-1,000
-3% -$738K
XLE icon
124
State Street Energy Select Sector SPDR ETF
XLE
$37.6B
$21.9M 0.15%
+500,000
New +$21.8M
DUK icon
125
Duke Energy
DUK
$97.3B
$21.5M 0.15%
209,236
+800
+0.4% +$76.8K
3 4
5
6 7

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.