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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
HUM icon
151
Humana
HUM
$46.2B
$17.6M 0.12%
34,425
+200
+0.6% +$105K
PNC icon
152
PNC Financial Services
PNC
$101B
$17.3M 0.12%
109,656
-1,300
-1% -$205K
F icon
153
Ford
F
$55.7B
$17.2M 0.12%
1,482,879
-55,400
-4% -$712K
EL icon
154
Estee Lauder
EL
$32B
$17.1M 0.12%
68,838
-1,500
-2% -$335K
IDXX icon
155
Idexx Laboratories
IDXX
$46.2B
$17M 0.12%
41,655
-800
-2% -$311K
ETN icon
156
Eaton
ETN
$174B
$17M 0.12%
108,056
+300
+0.3% +$46K
AON icon
157
Aon
AON
$76B
$16.9M 0.12%
56,258
-800
-1% -$234K
LRCX icon
158
Lam Research
LRCX
$390B
$16.8M 0.12%
398,800
– –
TSM icon
159
TSMC
TSM
$2.18T
$16.7M 0.12%
224,600
– –
BABA icon
160
Alibaba
BABA
$308B
$16.7M 0.12%
189,250
– –
EQIX icon
161
Equinix
EQIX
$103B
$16.5M 0.11%
25,117
+500
+2% +$309K
CME icon
162
CME Group
CME
$94.8B
$16.4M 0.11%
97,744
+500
+0.5% +$86.9K
ADM icon
163
Archer Daniels Midland
ADM
$36.9B
$16.2M 0.11%
174,141
+6,900
+4% +$637K
USB icon
164
US Bancorp
USB
$99.6B
$16M 0.11%
367,482
+1,500
+0.4% +$64.2K
CCI icon
165
Crown Castle
CCI
$32.2B
$16M 0.11%
117,652
+400
+0.3% +$54.1K
WM icon
166
Waste Management
WM
$91B
$15.9M 0.11%
101,488
-300
-0.3% -$48.3K
VLO icon
167
Valero Energy
VLO
$85.9B
$15.9M 0.11%
124,962
+18,300
+17% +$2.3M
ATVI
168
DELISTED
Activision Blizzard
ATVI
$15.7M 0.11%
204,521
-100
-0% -$7.43K
TFC icon
169
Truist Financial
TFC
$64B
$15.5M 0.11%
360,543
+1,600
+0.4% +$70.2K
NSC icon
170
Norfolk Southern
NSC
$75.1B
$15.5M 0.11%
62,890
-700
-1% -$166K
EMR icon
171
Emerson Electric
EMR
$88.3B
$15.4M 0.11%
160,720
+700
+0.4% +$62.9K
SHW icon
172
Sherwin-Williams
SHW
$89.8B
$15.2M 0.11%
64,056
+200
+0.3% +$46.2K
GD icon
173
General Dynamics
GD
$106B
$15.2M 0.11%
61,212
-5,588
-8% -$1.36M
DG icon
174
Dollar General
DG
$27.9B
$15.1M 0.11%
61,354
-100
-0.2% -$24.7K
FCX icon
175
Freeport-McMoran
FCX
$97.5B
$14.8M 0.1%
388,433
+1,400
+0.4% +$48.9K
5 6
7
8 9

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.