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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
TER icon
451
Teradyne
TER
$57.1B
$3.39M 0.02%
45,135
-800
-2% -$72.9K
APA icon
452
APA Corp
APA
$14.4B
$3.39M 0.02%
99,173
-2,900
-3% -$104K
IP icon
453
International Paper
IP
$21.9B
$3.39M 0.02%
106,848
-2,100
-2% -$85.8K
SWK icon
454
Stanley Black & Decker
SWK
$15.5B
$3.39M 0.02%
45,031
-800
-2% -$77K
CBOE icon
455
Cboe Global Markets
CBOE
$29.8B
$3.37M 0.02%
28,703
+100
+0.3% +$12K
STX icon
456
Seagate
STX
$182B
$3.37M 0.02%
63,233
-500
-0.8% -$36.1K
GNRC icon
457
Generac Holdings
GNRC
$12.2B
$3.35M 0.02%
18,816
+100
+0.5% +$22.9K
EDIT icon
458
Editas Medicine
EDIT
$432M
$3.35M 0.02%
273,721
– –
DOC icon
459
Healthpeak Properties
DOC
$14.4B
$3.35M 0.02%
145,993
+500
+0.3% +$13.2K
LVS icon
460
Las Vegas Sands
LVS
$29.4B
$3.34M 0.02%
88,901
-3,900
-4% -$145K
INCY icon
461
Incyte
INCY
$24.6B
$3.33M 0.02%
49,959
-800
-2% -$59.1K
FSLR icon
462
First Solar
FSLR
$25.7B
$3.31M 0.02%
25,024
-200
-0.8% -$21.4K
TAP icon
463
Molson Coors Class B
TAP
$7.93B
$3.31M 0.02%
68,870
+100
+0.1% +$5.42K
VTRS icon
464
Viatris
VTRS
$18.7B
$3.3M 0.02%
387,820
+1,100
+0.3% +$10.8K
SNA icon
465
Snap-on
SNA
$21.3B
$3.29M 0.02%
16,322
– –
KIM icon
466
Kimco Realty
KIM
$16.2B
$3.24M 0.02%
175,833
+600
+0.3% +$12.7K
GEN icon
467
Gen Digital
GEN
$17.5B
$3.23M 0.02%
160,275
+3,200
+2% +$74K
FOXA icon
468
Fox Class A
FOXA
$26.6B
$3.22M 0.02%
104,864
-1,200
-1% -$40.6K
WOLF icon
469
Wolfspeed
WOLF
$1.52B
$3.22M 0.02%
31,122
-300
-1% -$28.7K
ABMD
470
DELISTED
Abiomed Inc
ABMD
$3.17M 0.02%
12,914
– –
NDSN icon
471
Nordson
NDSN
$17.2B
$3.11M 0.02%
14,651
+100
+0.7% +$22.4K
EG icon
472
Everest Group
EG
$14.2B
$3.1M 0.02%
11,811
– –
FHN icon
473
First Horizon
FHN
$12B
$3.1M 0.02%
135,256
-800
-0.6% -$18.2K
HWM icon
474
Howmet Aerospace
HWM
$113B
$3.09M 0.02%
100,045
-1,500
-1% -$52.6K
Y
475
DELISTED
Alleghany Corp
Y
$3.09M 0.02%
3,677
– –
17 18
19
20 21

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.