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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
PXD
176
DELISTED
Pioneer Natural Resource Co.
PXD
$14.7M 0.1%
64,577
-7,600
-11% -$1.85M
MCO icon
177
Moody's
MCO
$82.7B
$14.7M 0.1%
52,706
-800
-1% -$219K
KLAC icon
178
KLA
KLAC
$259B
$14.5M 0.1%
384,680
-29,520
-7% -$1.03M
AIG icon
179
American International
AIG
$41.3B
$14.4M 0.1%
228,467
-3,200
-1% -$186K
ORLY icon
180
O'Reilly Automotive
ORLY
$76.3B
$14.3M 0.1%
254,445
-4,500
-2% -$242K
MET icon
181
MetLife
MET
$62.1B
$14.2M 0.1%
196,856
-4,900
-2% -$351K
FDX icon
182
FedEx
FDX
$75.4B
$13.9M 0.1%
80,267
+3,000
+4% +$499K
D icon
183
Dominion Energy
D
$59.3B
$13.9M 0.1%
226,467
+1,100
+0.5% +$69.1K
CPRT icon
184
Copart
CPRT
$27.5B
$13.9M 0.1%
455,776
+4,800
+1% +$144K
HCA icon
185
HCA Healthcare
HCA
$89.5B
$13.8M 0.1%
57,609
-700
-1% -$157K
CNC icon
186
Centene
CNC
$32.5B
$13.8M 0.1%
168,027
-1,900
-1% -$155K
FIS icon
187
Fidelity National Information Services
FIS
$22.1B
$13.7M 0.1%
201,625
+2,400
+1% +$171K
ICLR icon
188
Icon
ICLR
$12.7B
$13.5M 0.09%
69,670
– –
GIS icon
189
General Mills
GIS
$19.7B
$13.5M 0.09%
161,302
+100
+0.1% +$8.14K
PSX icon
190
Phillips 66
PSX
$81.4B
$13.4M 0.09%
128,412
-1,800
-1% -$184K
JCI icon
191
Johnson Controls International
JCI
$92.2B
$13.3M 0.09%
207,242
+1,100
+0.5% +$67.3K
AEP icon
192
American Electric Power
AEP
$68.4B
$13.3M 0.09%
139,658
+600
+0.4% +$54.6K
SNPS icon
193
Synopsys
SNPS
$79.7B
$13.3M 0.09%
41,527
+100
+0.2% +$31.3K
FDS icon
194
Factset
FDS
$10.2B
$13.3M 0.09%
33,035
-2,060
-6% -$877K
SRE icon
195
Sempra
SRE
$54.8B
$13.2M 0.09%
170,920
+800
+0.5% +$61.9K
FAST icon
196
Fastenal
FAST
$59.5B
$13.2M 0.09%
556,956
+8,000
+1% +$196K
ODFL icon
197
Old Dominion Freight Line
ODFL
$44.9B
$13.2M 0.09%
92,788
+1,200
+1% +$170K
PSA icon
198
Public Storage
PSA
$61.3B
$13.1M 0.09%
46,721
-4,910
-10% -$1.43M
DVN icon
199
Devon Energy
DVN
$47.3B
$12.9M 0.09%
209,491
-25,666
-11% -$1.75M
AZO icon
200
AutoZone
AZO
$51.1B
$12.8M 0.09%
5,206
-100
-2% -$242K
6 7
8
9 10

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.