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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
ZBRA icon
426
Zebra Technologies
ZBRA
$17.9B
$3.67M 0.03%
13,991
-200
-1% -$61.9K
WDC icon
427
Western Digital
WDC
$151B
$3.67M 0.03%
148,979
+265
+0.2% +$8.8K
BF.B icon
428
Brown-Forman Class B
BF.B
$12.9B
$3.66M 0.03%
54,997
+200
+0.4% +$14.5K
MTCH icon
429
Match Group
MTCH
$8.43B
$3.65M 0.03%
76,553
-500
-0.6% -$31.4K
TRMB icon
430
Trimble
TRMB
$13.6B
$3.64M 0.03%
67,023
-500
-0.7% -$31.6K
BX icon
431
Blackstone
BX
$113B
$3.62M 0.03%
43,300
– –
LNT icon
432
Alliant Energy
LNT
$17.7B
$3.6M 0.03%
67,959
+200
+0.3% +$12.1K
FMC icon
433
FMC
FMC
$1.31B
$3.6M 0.03%
34,058
+100
+0.3% +$10.8K
AVY icon
434
Avery Dennison
AVY
$13.5B
$3.58M 0.03%
21,987
-100
-0.5% -$18.1K
LDOS icon
435
Leidos
LDOS
$17.5B
$3.58M 0.03%
40,892
+100
+0.2% +$9.77K
CPAY icon
436
Corpay
CPAY
$26.3B
$3.57M 0.03%
20,284
-600
-3% -$129K
WRB icon
437
W.R. Berkley
WRB
$26.3B
$3.57M 0.03%
82,869
-1,950
-2% -$84.7K
HRL icon
438
Hormel Foods
HRL
$13.6B
$3.56M 0.03%
78,375
+1,900
+2% +$91.8K
CHRW icon
439
C.H. Robinson
CHRW
$17.3B
$3.53M 0.03%
36,648
-800
-2% -$86K
SNAP icon
440
Snap
SNAP
$9.05B
$3.53M 0.03%
359,370
– –
COO icon
441
Cooper Companies
COO
$14.9B
$3.52M 0.03%
53,344
+400
+0.8% +$30.6K
JBHT icon
442
JB Hunt Transport Services
JBHT
$25B
$3.52M 0.03%
22,495
-100
-0.4% -$17.5K
CTLT
443
DELISTED
CATALENT, INC.
CTLT
$3.51M 0.03%
48,483
+100
+0.2% +$9.93K
SEDG icon
444
SolarEdge
SEDG
$1.98B
$3.48M 0.03%
15,036
+100
+0.7% +$29.5K
IRM icon
445
Iron Mountain
IRM
$36.2B
$3.46M 0.03%
78,646
+200
+0.3% +$10.1K
AKAM icon
446
Akamai
AKAM
$16.9B
$3.45M 0.03%
42,989
-300
-0.7% -$27.3K
TRGP icon
447
Targa Resources
TRGP
$57.1B
$3.45M 0.03%
57,124
-900
-2% -$59.1K
UDR icon
448
UDR
UDR
$12.1B
$3.45M 0.03%
82,645
+1,900
+2% +$87.2K
PARA
449
DELISTED
Paramount Global Class B
PARA
$3.44M 0.03%
180,892
-27,400
-13% -$658K
CPT icon
450
Camden Property Trust
CPT
$11B
$3.44M 0.03%
28,800
+100
+0.3% +$13.4K
16 17
18
19 20

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.