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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
INVH icon
351
Invitation Homes
INVH
$17.8B
$5.3M 0.04%
+156,900
New +$5.82M
WST icon
352
West Pharmaceutical
WST
$24.8B
$5.28M 0.04%
21,456
+100
+0.5% +$30.5K
ANSS
353
DELISTED
Ansys
ANSS
$5.24M 0.04%
23,611
+200
+0.9% +$51.1K
NDAQ icon
354
Nasdaq
NDAQ
$53.4B
$5.2M 0.04%
91,690
-1,700
-2% -$100K
RJF icon
355
Raymond James Financial
RJF
$34.5B
$5.19M 0.04%
52,544
– –
MOH icon
356
Molina Healthcare
MOH
$10.4B
$5.19M 0.04%
15,732
-100
-0.6% -$32.2K
CFG icon
357
Citizens Financial Group
CFG
$30.6B
$5.17M 0.04%
150,573
+1,800
+1% +$66.6K
MOS icon
358
The Mosaic Company
MOS
$7.46B
$5.17M 0.04%
106,876
-4,300
-4% -$222K
HBAN icon
359
Huntington Bancshares
HBAN
$35.6B
$5.14M 0.04%
390,350
+2,100
+0.5% +$28.1K
MAA icon
360
Mid-America Apartment Communities
MAA
$15.4B
$5.05M 0.04%
32,599
– –
CHD icon
361
Church & Dwight Co
CHD
$24.5B
$5.04M 0.04%
70,491
+200
+0.3% +$17.3K
LUV icon
362
Southwest Airlines
LUV
$22B
$5.04M 0.04%
163,303
+600
+0.4% +$22.5K
CAG icon
363
Conagra Brands
CAG
$7.07B
$4.96M 0.04%
152,101
+500
+0.3% +$17.2K
PFG icon
364
Principal Financial Group
PFG
$24.4B
$4.96M 0.04%
68,774
-700
-1% -$50.3K
PWR icon
365
Quanta Services
PWR
$99.4B
$4.94M 0.04%
38,748
– –
TTWO icon
366
Take-Two Interactive
TTWO
$47.4B
$4.9M 0.04%
44,944
-300
-0.7% -$37.3K
DAL icon
367
Delta Air Lines
DAL
$58.7B
$4.87M 0.04%
173,503
+600
+0.3% +$19.1K
MKC icon
368
McCormick & Company Non-Voting
MKC
$14.3B
$4.83M 0.04%
67,810
+200
+0.3% +$16.8K
NTRS icon
369
Northern Trust
NTRS
$34.4B
$4.83M 0.04%
56,413
+200
+0.4% +$19.3K
NVTA
370
DELISTED
Invitae Corporation
NVTA
$4.82M 0.04%
1,959,939
+863,989
+79% +$2.62M
K
371
DELISTED
Kellanova
K
$4.81M 0.04%
73,507
+639
+0.9% +$43.9K
CNP icon
372
CenterPoint Energy
CNP
$26.4B
$4.8M 0.04%
170,347
+500
+0.3% +$15.6K
SJM icon
373
J.M. Smucker
SJM
$12.6B
$4.79M 0.04%
34,861
-400
-1% -$54.5K
MRO
374
DELISTED
Marathon Oil Corporation
MRO
$4.77M 0.04%
211,305
-7,500
-3% -$178K
IR icon
375
Ingersoll Rand
IR
$33.6B
$4.72M 0.03%
109,123
-300
-0.3% -$14.1K
13 14
15
16 17

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.