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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
NXPI icon
201
NXP Semiconductors
NXPI
$59.8B
$12.7M 0.09%
80,168
+400
+0.5% +$63.4K
CDNS icon
202
Cadence Design Systems
CDNS
$93.6B
$12.6M 0.09%
78,723
+800
+1% +$128K
A icon
203
Agilent Technologies
A
$41.9B
$12.6M 0.09%
83,981
-1,600
-2% -$228K
KMB icon
204
Kimberly-Clark
KMB
$36.1B
$12.5M 0.09%
91,716
+300
+0.3% +$38.1K
OXY icon
205
Occidental Petroleum
OXY
$57.6B
$12.4M 0.09%
197,639
-4,000
-2% -$272K
ROP icon
206
Roper Technologies
ROP
$39.6B
$12.4M 0.09%
28,811
+100
+0.3% +$41.2K
SPG icon
207
Simon Property Group
SPG
$71B
$12.4M 0.09%
105,849
+3,800
+4% +$422K
LHX icon
208
L3Harris
LHX
$54.5B
$12.1M 0.08%
57,930
-200
-0.3% -$45.1K
TRV icon
209
Travelers Companies
TRV
$79.3B
$11.9M 0.08%
63,653
-600
-0.9% -$108K
AMP icon
210
Ameriprise Financial
AMP
$49.4B
$11.9M 0.08%
38,278
+2,100
+6% +$641K
DXCM icon
211
DexCom
DXCM
$32.9B
$11.9M 0.08%
105,000
-1,300
-1% -$143K
CTAS icon
212
Cintas
CTAS
$81.2B
$11.9M 0.08%
104,972
+2,400
+2% +$260K
NUE icon
213
Nucor
NUE
$62.5B
$11.7M 0.08%
89,010
-5,000
-5% -$679K
MSI icon
214
Motorola Solutions
MSI
$76.1B
$11.7M 0.08%
45,408
+200
+0.4% +$50K
AMRS
215
DELISTED
Amyris Inc.
AMRS
$11.7M 0.08%
7,645,000
+450,000
+6% +$1M
EXC icon
216
Exelon
EXC
$46.1B
$11.7M 0.08%
270,103
+1,700
+0.6% +$67.2K
BIIB icon
217
Biogen
BIIB
$30.6B
$11.6M 0.08%
42,061
-500
-1% -$141K
CTVA icon
218
Corteva
CTVA
$51.5B
$11.4M 0.08%
194,210
-300
-0.2% -$19K
MNST icon
219
Monster Beverage
MNST
$90.5B
$11.4M 0.08%
224,416
-2,200
-1% -$107K
O icon
220
Realty Income
O
$58.1B
$11.3M 0.08%
178,804
+3,500
+2% +$217K
TEL icon
221
TE Connectivity
TEL
$62.6B
$11.3M 0.08%
98,323
+400
+0.4% +$47.5K
ZM icon
222
Zoom
ZM
$31B
$11.2M 0.08%
166,066
– –
COF icon
223
Capital One
COF
$134B
$11.2M 0.08%
120,056
+600
+0.5% +$59K
ADSK icon
224
Autodesk
ADSK
$53.6B
$11.1M 0.08%
59,423
-200
-0.3% -$40.1K
AFL icon
225
Aflac
AFL
$62.3B
$11.1M 0.08%
153,807
-1,800
-1% -$121K
7 8
9
10 11

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.