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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
-5.11%
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
$13.6B
AUM Growth
-$980M
Cap. Flow
-$85M
Cap. Flow %
-0.62%
Top 10 Hldgs %
33.68%
Holding
987
New
17
Increased
290
Reduced
538
Closed
21

Top Buys

Rank Stock Value
1
VZ icon
Verizon
VZ
+$154M
2
OMF icon
OneMain Financial
OMF
+$45.6M
3
PAYC icon
Paycom
PAYC
+$30.7M
4
V icon
Visa
V
+$21.6M
5
EXAS
Exact Sciences
EXAS
+$15.5M

Top Sells

Rank Stock Value
1
META icon
Meta Platforms (Facebook)
META
+$87.6M
2
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$59.3M
3
APO icon
Apollo Global Management
APO
+$50.3M
4
NFLX icon
Netflix
NFLX
+$44.3M
5
T icon
AT&T
T
+$30.4M

Sector Composition

Rank Sector Weight
1 Technology 20.64%
2 Healthcare 11.9%
3 Financials 11.47%
4 Communication Services 9.87%
5 Consumer Discretionary 8.85%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
STZ icon
226
Constellation Brands
STZ
$22.8B
$9.91M 0.07%
43,158
-800
-2% -$195K
MNST icon
227
Monster Beverage
MNST
$89.6B
$9.85M 0.07%
226,616
+5,200
+2% +$240K
TRV icon
228
Travelers Companies
TRV
$78.3B
$9.84M 0.07%
64,253
-500
-0.8% -$81.3K
SYY icon
229
Sysco
SYY
$40.1B
$9.75M 0.07%
137,917
+400
+0.3% +$33.3K
AJG icon
230
Arthur J. Gallagher & Co
AJG
$64.7B
$9.74M 0.07%
56,887
+100
+0.2% +$17.8K
ECL icon
231
Ecolab
ECL
$79.7B
$9.7M 0.07%
67,140
+100
+0.1% +$16.2K
CEG icon
232
Constellation Energy
CEG
$95.8B
$9.67M 0.07%
116,227
+300
+0.3% +$22.1K
PRU icon
233
Prudential Financial
PRU
$42.1B
$9.6M 0.07%
111,955
-600
-0.5% -$57.8K
XEL icon
234
Xcel Energy
XEL
$48B
$9.47M 0.07%
147,994
+1,100
+0.7% +$80.1K
WMB icon
235
Williams Companies
WMB
$87.9B
$9.44M 0.07%
329,821
+1,200
+0.4% +$39.1K
KR icon
236
Kroger
KR
$34.6B
$9.4M 0.07%
214,887
-700
-0.3% -$33.3K
DHI icon
237
D.R. Horton
DHI
$41B
$9.25M 0.07%
137,299
-900
-0.7% -$66.2K
ED icon
238
Consolidated Edison
ED
$39.3B
$9.22M 0.07%
107,542
+300
+0.3% +$28.9K
CTSH icon
239
Cognizant
CTSH
$26.3B
$9.21M 0.07%
160,323
-400
-0.2% -$26.2K
SPG icon
240
Simon Property Group
SPG
$71.5B
$9.16M 0.07%
102,049
– –
IQV icon
241
IQVIA
IQV
$39.8B
$9.15M 0.07%
50,494
-500
-1% -$110K
MCHP icon
242
Microchip Technology
MCHP
$44.2B
$9.13M 0.07%
149,518
-500
-0.3% -$32.8K
AMP icon
243
Ameriprise Financial
AMP
$49.2B
$9.12M 0.07%
36,178
-400
-1% -$105K
ALL icon
244
Allstate
ALL
$68.2B
$9.11M 0.07%
73,189
-1,100
-1% -$137K
MELI icon
245
Mercado Libre
MELI
$92.5B
$9.11M 0.07%
11,000
– –
CHTR icon
246
Charter Communications
CHTR
$18.3B
$9.1M 0.07%
29,997
-1,300
-4% -$556K
TT icon
247
Trane Technologies
TT
$105B
$9.08M 0.07%
62,713
-400
-0.6% -$59.8K
NEM icon
248
Newmont
NEM
$124B
$9.03M 0.07%
214,845
+700
+0.3% +$32.7K
PCAR icon
249
PACCAR
PCAR
$69.1B
$9.01M 0.07%
161,567
+450
+0.3% +$26.2K
KHC icon
250
Kraft Heinz
KHC
$29.6B
$9.01M 0.07%
270,239
+24,000
+10% +$892K
8 9
10
11 12

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
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
DSA
Davis Selected Advisers Tucson, Arizona $21.8B AUM 23.45% 1-Year Est. Return
CHP
Castle Hook Partners New York $23.4B AUM 158.96% 1-Year Est. Return
IC
IEQ Capital Foster City, California $21.5B AUM 75.26% 1-Year Est. Return

State of Michigan Retirement System's Q3 2022 Portfolio in Review

As of Q3 2022, State of Michigan Retirement System held 987 positions worth $13.6B, down 6.7% from $14.6B the previous quarter. Its ten largest holdings account for 34% of the portfolio.

Trading was light in Q3 2022: portfolio turnover was 3.9%. State of Michigan Retirement System opened 17 new positions and exited 21, leaving the 987-position portfolio largely intact.

By sector, the portfolio is most concentrated in Technology at 21% of assets, down from 21% a quarter earlier, followed by Healthcare and Financials.

  • State of Michigan Retirement System's largest Q3 2022 buy was CoStar Group: 107,200 shares worth $7.47M.
  • State of Michigan Retirement System added most to Verizon in Q3 2022, an estimated $154M increase.
  • State of Michigan Retirement System's biggest Q3 2022 reduction was Meta Platforms (Facebook), cutting an estimated $87.6M.
  • State of Michigan Retirement System fully exited Nuvei Corporation Subordinate Voting Shares in Q3 2022, selling an estimated $7.73M.
  • State of Michigan Retirement System's ten largest holdings make up 34% of its $13.6B portfolio in Q3 2022.
  • State of Michigan Retirement System opened 17 new positions and closed 21 in Q3 2022.
  • State of Michigan Retirement System's portfolio value fell 6.7% quarter-over-quarter to $13.6B.

Based on State of Michigan Retirement System's 13F filing for Q3 2022, filed 24 Oct 2022.