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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
DD icon
301
DuPont de Nemours
DD
$19.1B
$6.83M 0.05%
108,023
-1,195
-1% -$85.3K
TSN icon
302
Tyson Foods
TSN
$20.1B
$6.83M 0.05%
103,628
-400
-0.4% -$31.6K
SLP icon
303
Simulations Plus
SLP
$371M
$6.77M 0.05%
139,500
– –
TSCO icon
304
Tractor Supply
TSCO
$18B
$6.74M 0.05%
181,335
-1,000
-0.5% -$38.9K
DFS
305
DELISTED
Discover Financial Services
DFS
$6.72M 0.05%
73,901
-1,900
-3% -$192K
ROK icon
306
Rockwell Automation
ROK
$48.3B
$6.71M 0.05%
31,213
-200
-0.6% -$46.6K
PCG icon
307
PG&E
PCG
$37.5B
$6.67M 0.05%
533,160
+435,700
+447% +$5.1M
GWW icon
308
W.W. Grainger
GWW
$61.1B
$6.66M 0.05%
13,617
+600
+5% +$316K
ATO icon
309
Atmos Energy
ATO
$28.4B
$6.65M 0.05%
65,310
+300
+0.5% +$34.4K
MTD icon
310
Mettler-Toledo International
MTD
$28.6B
$6.61M 0.05%
6,096
– –
EQR icon
311
Equity Residential
EQR
$24.7B
$6.56M 0.05%
97,525
-700
-0.7% -$51.8K
STT icon
312
State Street
STT
$51.3B
$6.47M 0.05%
106,428
+500
+0.5% +$34.2K
FRC
313
DELISTED
First Republic Bank
FRC
$6.45M 0.05%
49,423
+1,000
+2% +$154K
AWK icon
314
American Water Works
AWK
$26.9B
$6.4M 0.05%
49,197
+100
+0.2% +$15.1K
FITB
315
Fifth Third Bancorp
FITB
$51.8B
$6.37M 0.05%
199,216
+700
+0.4% +$24.1K
IFF icon
316
International Flavors & Fragrances
IFF
$21.7B
$6.27M 0.05%
69,015
+200
+0.3% +$22.9K
EXR icon
317
Extra Space Storage
EXR
$31B
$6.27M 0.05%
36,279
– –
OKE icon
318
Oneok
OKE
$56.9B
$6.2M 0.05%
120,981
+600
+0.5% +$35.7K
PPL
319
PPL Corp
PPL
$26.3B
$6.13M 0.05%
241,948
+700
+0.3% +$20K
HAL icon
320
Halliburton
HAL
$28B
$6.04M 0.04%
245,422
+2,100
+0.9% +$60.1K
DTE icon
321
DTE Energy
DTE
$28.5B
$6.04M 0.04%
52,477
+200
+0.4% +$25.8K
WTW icon
322
Willis Towers Watson
WTW
$31.9B
$5.99M 0.04%
29,792
-300
-1% -$61.9K
ZBH icon
323
Zimmer Biomet
ZBH
$18.7B
$5.94M 0.04%
56,815
+300
+0.5% +$32.9K
IT icon
324
Gartner
IT
$12.2B
$5.93M 0.04%
21,447
-300
-1% -$84.1K
URI icon
325
United Rentals
URI
$70.8B
$5.93M 0.04%
21,954
-400
-2% -$116K
11 12
13
14 15

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.