We are live on ! Find out more
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
NOC icon
126
Northrop Grumman
NOC
$81.2B
$21.5M 0.15%
39,318
– –
NOW icon
127
ServiceNow
NOW
$129B
$21.3M 0.15%
274,275
+1,000
+0.4% +$78.2K
BKNG icon
128
Booking.com
BKNG
$161B
$21.3M 0.15%
263,975
-5,000
-2% -$380K
SO icon
129
Southern Company
SO
$107B
$21.1M 0.15%
295,923
+8,200
+3% +$548K
VRTX icon
130
Vertex Pharmaceuticals
VRTX
$126B
$21.1M 0.15%
72,923
-500
-0.7% -$152K
MBB icon
131
iShares MBS ETF
MBB
$39.1B
$20.9M 0.15%
225,800
– –
PGR icon
132
Progressive
PGR
$125B
$20.6M 0.14%
158,988
+700
+0.4% +$88.7K
SLB icon
133
SLB Ltd
SLB
$75B
$20.6M 0.14%
385,338
-56,300
-13% -$2.8M
EW icon
134
Edwards Lifesciences
EW
$51.7B
$20.6M 0.14%
275,851
-3,100
-1% -$239K
MU icon
135
Micron Technology
MU
$991B
$20.3M 0.14%
405,614
+100
+0% +$5.47K
TGT icon
136
Target
TGT
$68B
$20.2M 0.14%
135,358
-20,200
-13% -$3.17M
FISV
137
Fiserv Inc
FISV
$27.9B
$20.2M 0.14%
199,506
+1,300
+0.7% +$129K
MMM icon
138
3M
MMM
$94.3B
$20M 0.14%
199,260
+3,708
+2% +$378K
PLNT icon
139
Planet Fitness
PLNT
$3.78B
$19.9M 0.14%
252,100
+59,000
+31% +$4.12M
BDX icon
140
Becton Dickinson
BDX
$48.2B
$19.7M 0.14%
77,488
+300
+0.4% +$70.8K
ITW icon
141
Illinois Tool Works
ITW
$84.5B
$19.6M 0.14%
89,136
+2,200
+3% +$469K
DAVA icon
142
Endava
DAVA
$156M
$19.6M 0.14%
255,800
– –
ZTS icon
143
Zoetis
ZTS
$30B
$19.4M 0.14%
132,664
-2,400
-2% -$355K
APD icon
144
Air Products & Chemicals
APD
$67.6B
$18.6M 0.13%
60,321
+300
+0.5% +$84.5K
GM icon
145
General Motors
GM
$76.8B
$18.4M 0.13%
546,908
-26,600
-5% -$983K
BSX icon
146
Boston Scientific
BSX
$71.5B
$18M 0.13%
389,308
+1,800
+0.5% +$77.9K
MPC icon
147
Marathon Petroleum
MPC
$83.7B
$18M 0.13%
154,426
-6,600
-4% -$752K
CL icon
148
Colgate-Palmolive
CL
$74.4B
$17.9M 0.12%
227,029
+1,300
+0.6% +$97.5K
MRNA icon
149
Moderna
MRNA
$23.6B
$17.8M 0.12%
98,941
-100
-0.1% -$16.4K
CSX icon
150
CSX Corp
CSX
$93.1B
$17.7M 0.12%
571,384
-8,100
-1% -$244K
4 5
6
7 8

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.