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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
HLT icon
251
Hilton Worldwide
HLT
$70B
$8.95M 0.07%
74,223
-900
-1% -$114K
CMI icon
252
Cummins
CMI
$87.4B
$8.84M 0.06%
43,437
+100
+0.2% +$21.3K
AFL icon
253
Aflac
AFL
$61.2B
$8.74M 0.06%
155,607
-4,300
-3% -$253K
EA
254
DELISTED
Electronic Arts
EA
$8.72M 0.06%
75,354
-4,500
-6% -$569K
RMD icon
255
ResMed
RMD
$31.9B
$8.65M 0.06%
39,611
+200
+0.5% +$45.5K
DXCM icon
256
DexCom
DXCM
$33.1B
$8.56M 0.06%
106,300
+400
+0.4% +$33.9K
DOW icon
257
Dow Inc
DOW
$22.1B
$8.54M 0.06%
194,411
-2,000
-1% -$101K
BNY
258
Bank of New York Mellon
BNY
$108B
$8.51M 0.06%
220,955
-1,400
-0.6% -$59.7K
EVLO
259
DELISTED
Evelo Biosciences, Inc. Common Stock
EVLO
$8.51M 0.06%
203,536
– –
PH icon
260
Parker-Hannifin
PH
$134B
$8.41M 0.06%
34,696
+100
+0.3% +$27.1K
ON icon
261
ON Semiconductor
ON
$31.1B
$8.39M 0.06%
134,536
+100
+0.1% +$6.44K
ALB icon
262
Albemarle
ALB
$15.5B
$8.38M 0.06%
31,707
+100
+0.3% +$25.4K
MTB icon
263
M&T Bank
MTB
$36.3B
$8.38M 0.06%
47,501
-900
-2% -$159K
SBAC icon
264
SBA Communications
SBAC
$19.2B
$8.32M 0.06%
29,242
+200
+0.7% +$64.9K
VICI icon
265
VICI Properties
VICI
$28.7B
$8.28M 0.06%
277,512
+900
+0.3% +$29.7K
SPOT icon
266
Spotify
SPOT
$105B
$8.28M 0.06%
95,931
– –
KDP icon
267
Keurig Dr Pepper
KDP
$39.9B
$8.24M 0.06%
230,000
+31,000
+16% +$1.17M
HES
268
DELISTED
Hess
HES
$8.22M 0.06%
75,441
+700
+0.9% +$77.6K
YUM icon
269
Yum! Brands
YUM
$39.7B
$8.19M 0.06%
77,014
+100
+0.1% +$11.6K
CELH icon
270
Celsius Holdings
CELH
$6.89B
$8.17M 0.06%
270,300
+30,300
+13% +$949K
ILMN icon
271
Illumina
ILMN
$29B
$8.11M 0.06%
43,721
-339
-0.8% -$67.1K
CARR icon
272
Carrier Global
CARR
$52.3B
$8.1M 0.06%
227,825
-1,000
-0.4% -$39.4K
CBRE icon
273
CBRE Group
CBRE
$41.7B
$8.1M 0.06%
119,960
-1,200
-1% -$95.1K
HPQ icon
274
HP
HPQ
$27.3B
$8.07M 0.06%
323,862
-37,800
-10% -$1.16M
WELL icon
275
Welltower
WELL
$169B
$8.07M 0.06%
125,409
+2,900
+2% +$227K
9 10
11
12 13

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.