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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
DRI icon
401
Darden Restaurants
DRI
$24.9B
$4.2M 0.03%
33,212
-400
-1% -$50K
NTAP icon
402
NetApp
NTAP
$39B
$4.19M 0.03%
67,729
-600
-0.9% -$41.7K
PLTR icon
403
Palantir
PLTR
$421B
$4.17M 0.03%
513,000
– –
NVR icon
404
NVR
NVR
$16.8B
$4.17M 0.03%
1,046
– –
PHM icon
405
Pultegroup
PHM
$24.8B
$4.15M 0.03%
110,569
-1,500
-1% -$63.1K
BALL icon
406
Ball Corp
BALL
$16.6B
$4.11M 0.03%
85,101
-1,200
-1% -$73.8K
RVTY icon
407
Revvity
RVTY
$12.9B
$4.11M 0.03%
34,138
+100
+0.3% +$14.1K
AES icon
408
AES
AES
$10.5B
$4.09M 0.03%
180,795
+600
+0.3% +$14.2K
ALGN icon
409
Align Technology
ALGN
$12.5B
$4.08M 0.03%
19,700
-100
-0.5% -$25.7K
EQT icon
410
EQT Corp
EQT
$33.8B
$4.08M 0.03%
100,100
+24,866
+33% +$1.08M
IEX icon
411
IDEX
IEX
$17.2B
$4.07M 0.03%
20,380
-200
-1% -$40.4K
ETSY icon
412
Etsy
ETSY
$7.38B
$4.05M 0.03%
40,443
– –
KEY icon
413
KeyCorp
KEY
$24.3B
$4.04M 0.03%
252,428
+700
+0.3% +$12.5K
GRMN
414
Garmin
GRMN
$60.4B
$4.03M 0.03%
50,197
+500
+1% +$47.2K
TYL icon
415
Tyler Technologies
TYL
$13B
$3.9M 0.03%
11,237
– –
CINF icon
416
Cincinnati Financial
CINF
$26.7B
$3.86M 0.03%
43,106
+2,900
+7% +$299K
SFIX
417
Stitch Fix
SFIX
$530M
$3.86M 0.03%
976,983
-4,046
-0.4% -$23K
EXPE icon
418
Expedia Group
EXPE
$37.7B
$3.86M 0.03%
41,164
+200
+0.5% +$20.4K
BRO icon
419
Brown & Brown
BRO
$24B
$3.84M 0.03%
63,451
+200
+0.3% +$12.6K
TXT icon
420
Textron
TXT
$15.3B
$3.8M 0.03%
65,171
-900
-1% -$57.1K
JKHY icon
421
Jack Henry & Associates
JKHY
$11B
$3.78M 0.03%
20,716
– –
J icon
422
Jacobs Solutions
J
$17.2B
$3.74M 0.03%
41,708
-242
-0.6% -$25.1K
OMC icon
423
Omnicom Group
OMC
$23.2B
$3.7M 0.03%
58,584
-100
-0.2% -$6.78K
SYF icon
424
Synchrony
SYF
$25.4B
$3.67M 0.03%
130,340
-4,900
-4% -$158K
CSL icon
425
Carlisle Companies
CSL
$15.3B
$3.67M 0.03%
13,072
-100
-0.8% -$28.7K
15 16
17
18 19

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.