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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
EIX icon
326
Edison International
EIX
$26.1B
$5.84M 0.04%
103,212
+300
+0.3% +$19.9K
HIG icon
327
Hartford Financial Services
HIG
$38.7B
$5.83M 0.04%
94,141
-1,200
-1% -$78.1K
BKR icon
328
Baker Hughes
BKR
$63.6B
$5.74M 0.04%
273,812
+21,400
+8% +$536K
NRG icon
329
NRG Energy
NRG
$25B
$5.74M 0.04%
149,948
-400
-0.3% -$16K
APTV icon
330
Aptiv
APTV
$10.3B
$5.74M 0.04%
73,349
+200
+0.3% +$19.2K
CDW icon
331
CDW
CDW
$17.1B
$5.72M 0.04%
36,645
+200
+0.5% +$34.3K
HPE icon
332
Hewlett Packard
HPE
$72.4B
$5.71M 0.04%
476,981
+1,000
+0.2% +$13.6K
GPC icon
333
Genuine Parts
GPC
$18.5B
$5.71M 0.04%
38,229
– –
VMC icon
334
Vulcan Materials
VMC
$37B
$5.67M 0.04%
35,976
+100
+0.3% +$16.2K
EFX icon
335
Equifax
EFX
$21.3B
$5.67M 0.04%
33,078
+100
+0.3% +$19.6K
ARE icon
336
Alexandria Real Estate Equities
ARE
$8.32B
$5.64M 0.04%
40,218
+200
+0.5% +$30.7K
AEE icon
337
Ameren
AEE
$29.6B
$5.63M 0.04%
69,887
+200
+0.3% +$18.3K
FTV icon
338
Fortive
FTV
$18.6B
$5.61M 0.04%
127,737
-664
-0.5% -$31K
BROS icon
339
Dutch Bros
BROS
$8.96B
$5.61M 0.04%
180,000
– –
ETR icon
340
Entergy
ETR
$49.3B
$5.54M 0.04%
110,204
+400
+0.4% +$22.9K
CF icon
341
CF Industries
CF
$18.4B
$5.54M 0.04%
57,554
-2,300
-4% -$224K
RF icon
342
Regions Financial
RF
$26.8B
$5.54M 0.04%
275,839
+700
+0.3% +$14.8K
BBY icon
343
Best Buy
BBY
$17.4B
$5.51M 0.04%
87,003
-400
-0.5% -$29.6K
EBAY icon
344
eBay
EBAY
$47.9B
$5.47M 0.04%
148,728
-2,300
-2% -$102K
FE icon
345
FirstEnergy
FE
$27.1B
$5.44M 0.04%
146,944
-7,100
-5% -$281K
MLM icon
346
Martin Marietta Materials
MLM
$33B
$5.42M 0.04%
16,837
– –
TWST icon
347
Twist Bioscience
TWST
$7.83B
$5.4M 0.04%
153,172
-3,357
-2% -$143K
SIVB
348
DELISTED
SVB Financial Group
SIVB
$5.38M 0.04%
16,020
+100
+0.6% +$40.3K
DRE
349
DELISTED
Duke Realty Corp.
DRE
$5.32M 0.04%
110,374
+400
+0.4% +$23.4K
LH icon
350
Labcorp
LH
$26.1B
$5.3M 0.04%
30,132
-699
-2% -$143K
12 13
14
15 16

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.