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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
BB icon
376
BlackBerry
BB
$5.18B
$4.7M 0.03%
1,000,000
– –
HOLX
377
DELISTED
Hologic
HOLX
$4.61M 0.03%
71,465
+300
+0.4% +$20.8K
MPWR icon
378
Monolithic Power Systems
MPWR
$67.9B
$4.6M 0.03%
12,670
-525
-4% -$234K
BR icon
379
Broadridge
BR
$19.8B
$4.58M 0.03%
31,760
+100
+0.3% +$16.2K
WAB icon
380
Wabtec
WAB
$49.7B
$4.57M 0.03%
56,216
-100
-0.2% -$8.83K
CMS icon
381
CMS Energy
CMS
$21.7B
$4.57M 0.03%
78,499
+100
+0.1% +$6.73K
DOV icon
382
Dover
DOV
$28.3B
$4.53M 0.03%
38,823
-100
-0.3% -$12.8K
SWKS icon
383
Skyworks Solutions
SWKS
$10.4B
$4.51M 0.03%
52,887
-933
-2% -$95.4K
STE icon
384
Steris
STE
$23.3B
$4.5M 0.03%
27,048
– –
ESS icon
385
Essex Property Trust
ESS
$18.2B
$4.47M 0.03%
18,476
+100
+0.5% +$27.1K
DGX icon
386
Quest Diagnostics
DGX
$26.2B
$4.39M 0.03%
35,817
-200
-0.6% -$26.3K
VRSN icon
387
VeriSign
VRSN
$26.5B
$4.39M 0.03%
25,279
-500
-2% -$92.5K
EXPD icon
388
Expeditors International
EXPD
$23.3B
$4.38M 0.03%
49,608
-1,000
-2% -$100K
WAT icon
389
Waters Corp
WAT
$40.4B
$4.37M 0.03%
16,197
-100
-0.6% -$31.9K
AMCR icon
390
Amcor
AMCR
$21.8B
$4.36M 0.03%
81,335
+260
+0.3% +$15.9K
VTR icon
391
Ventas
VTR
$47.2B
$4.35M 0.03%
108,205
+400
+0.4% +$19.7K
STLD icon
392
Steel Dynamics
STLD
$38.5B
$4.32M 0.03%
60,881
-1,900
-3% -$144K
SHOP icon
393
Shopify
SHOP
$200B
$4.31M 0.03%
160,000
-2,210
-1% -$75.2K
POOL icon
394
Pool Corp
POOL
$7.27B
$4.29M 0.03%
13,489
-100
-0.7% -$35.7K
FOUR icon
395
Shift4
FOUR
$3.41B
$4.28M 0.03%
+96,000
New +$4.03M
CLX icon
396
Clorox
CLX
$13B
$4.28M 0.03%
33,351
+100
+0.3% +$14.4K
TDY icon
397
Teledyne Technologies
TDY
$32B
$4.28M 0.03%
12,669
+100
+0.8% +$38.2K
XYL icon
398
Xylem
XYL
$28.3B
$4.26M 0.03%
48,775
+200
+0.4% +$18.2K
EVRG icon
399
Evergy
EVRG
$18.9B
$4.23M 0.03%
71,281
+300
+0.4% +$20.2K
LKQ icon
400
LKQ Corp
LKQ
$6.22B
$4.21M 0.03%
89,183
+300
+0.3% +$15.7K
14 15
16
17 18

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.