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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
TROW icon
276
T. Rowe Price
TROW
$24.3B
$8.01M 0.06%
76,313
-200
-0.3% -$23.9K
ROST icon
277
Ross Stores
ROST
$81.7B
$7.99M 0.06%
94,756
-100
-0.1% -$8.49K
WBA
278
DELISTED
Walgreens Boots Alliance
WBA
$7.82M 0.06%
249,100
+700
+0.3% +$25.9K
DLTR icon
279
Dollar Tree
DLTR
$24.9B
$7.78M 0.06%
57,169
-3,600
-6% -$560K
LEN icon
280
Lennar Class A
LEN
$20.6B
$7.77M 0.06%
107,654
-826
-0.8% -$64.2K
DLR icon
281
Digital Realty Trust
DLR
$70.8B
$7.71M 0.06%
77,781
+1,000
+1% +$123K
XYZ
282
Block Inc
XYZ
$47.5B
$7.68M 0.06%
139,646
-3,669
-3% -$260K
WEC icon
283
WEC Energy
WEC
$34.6B
$7.64M 0.06%
85,384
+200
+0.2% +$20.4K
PEG icon
284
Public Service Enterprise Group
PEG
$37.2B
$7.59M 0.06%
135,066
+400
+0.3% +$25.8K
RSG icon
285
Republic Services
RSG
$65.7B
$7.56M 0.06%
55,587
-600
-1% -$83.8K
CSGP icon
286
CoStar Group
CSGP
$12.8B
$7.47M 0.05%
+107,200
New +$7.44M
WY icon
287
Weyerhaeuser
WY
$18.2B
$7.46M 0.05%
261,329
-500
-0.2% -$17K
CTRA
288
DELISTED
Coterra Energy
CTRA
$7.35M 0.05%
281,359
-2,000
-0.7% -$57.3K
BAX icon
289
Baxter International
BAX
$14.4B
$7.34M 0.05%
136,328
+500
+0.4% +$30.1K
AVB icon
290
AvalonBay Communities
AVB
$26.3B
$7.33M 0.05%
39,811
+100
+0.3% +$20.2K
ES icon
291
Eversource Energy
ES
$26.8B
$7.31M 0.05%
93,733
+700
+0.8% +$61.7K
OTIS icon
292
Otis Worldwide
OTIS
$27.7B
$7.25M 0.05%
113,707
-300
-0.3% -$21.9K
VRSK icon
293
Verisk Analytics
VRSK
$23.6B
$7.24M 0.05%
42,456
-200
-0.5% -$37.4K
GLW icon
294
Corning
GLW
$136B
$7.19M 0.05%
247,859
+800
+0.3% +$27.1K
LYB icon
295
LyondellBasell Industries
LYB
$20.2B
$7.05M 0.05%
93,665
-1,000
-1% -$84.5K
AME icon
296
Ametek
AME
$58B
$7.05M 0.05%
62,153
-200
-0.3% -$24K
PPG icon
297
PPG Industries
PPG
$25.7B
$7.04M 0.05%
63,643
-100
-0.2% -$12.4K
ULTA icon
298
Ulta Beauty
ULTA
$23.6B
$7M 0.05%
17,453
-100
-0.6% -$40.3K
RPT
299
Rithm Property Trust
RPT
$96M
$7M 0.05%
155,252
– –
FANG icon
300
Diamondback Energy
FANG
$55.7B
$6.97M 0.05%
57,863
+3,100
+6% +$387K
10 11
12
13 14

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.