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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
PG icon
26
Procter & Gamble
PG
$339B
$81.7M 0.6%
646,737
-600
-0.1% -$85.2K
PFE icon
27
Pfizer
PFE
$153B
$77M 0.57%
1,758,784
+5,000
+0.3% +$243K
LLY icon
28
Eli Lilly
LLY
$1.06T
$75.7M 0.56%
234,004
+600
+0.3% +$190K
PEP icon
29
PepsiCo
PEP
$190B
$74M 0.54%
453,522
+80,500
+22% +$13.9M
ACN icon
30
Accenture
ACN
$108B
$72.5M 0.53%
281,638
-59,700
-17% -$17.3M
IJH icon
31
iShares Core S&P Mid-Cap ETF
IJH
$127B
$72.5M 0.53%
1,652,310
+157,750
+11% +$7.63M
CVX icon
32
Chevron
CVX
$366B
$70M 0.51%
487,415
-42,700
-8% -$6.51M
MSCI icon
33
MSCI
MSCI
$40.9B
$68.9M 0.51%
163,302
-100
-0.1% -$45.8K
ABBV icon
34
AbbVie
ABBV
$435B
$68.7M 0.5%
511,732
+1,700
+0.3% +$244K
WBD icon
35
Warner Bros
WBD
$67.1B
$66.7M 0.49%
5,802,006
+2,100
+0% +$28.5K
COST icon
36
Costco
COST
$420B
$64.7M 0.48%
136,969
+400
+0.3% +$208K
OMF icon
37
OneMain Financial
OMF
$7.47B
$64.1M 0.47%
2,170,000
+1,240,000
+133% +$45.6M
KO icon
38
Coca-Cola
KO
$375B
$63.5M 0.47%
1,133,748
+800
+0.1% +$49.7K
MRK icon
39
Merck
MRK
$318B
$62.8M 0.46%
729,190
+3,300
+0.5% +$295K
RITM icon
40
Rithm Capital
RITM
$5.69B
$61.5M 0.45%
8,404,734
-18,587
-0.2% -$177K
AVGO icon
41
Broadcom
AVGO
$2.04T
$61.4M 0.45%
1,382,660
-106,000
-7% -$5.42M
INTU icon
42
Intuit
INTU
$89B
$58.1M 0.43%
149,890
+8,700
+6% +$3.76M
BAC icon
43
Bank of America
BAC
$442B
$57.1M 0.42%
1,892,012
-21,000
-1% -$702K
CSCO icon
44
Cisco
CSCO
$479B
$53.7M 0.39%
1,342,466
– –
AMD icon
45
Advanced Micro Devices
AMD
$789B
$53.1M 0.39%
838,240
-2,514
-0.3% -$214K
EPAM icon
46
EPAM Systems
EPAM
$5.03B
$50.4M 0.37%
139,227
-6,100
-4% -$2.33M
WMT icon
47
Walmart Inc
WMT
$890B
$50M 0.37%
1,157,220
+21,000
+2% +$920K
KEYS icon
48
Keysight
KEYS
$58.3B
$49.1M 0.36%
311,731
-400
-0.1% -$64K
BRK.A icon
49
Berkshire Hathaway Class A
BRK.A
$1.12T
$47.2M 0.35%
116
– –
DIS icon
50
Walt Disney
DIS
$181B
$46.5M 0.34%
493,366
+1,900
+0.4% +$203K
1
2
3 4 5

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
AM
AGF Management Toronto, Ontario, Canada $22.3B AUM 46.42% 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
Luther King Capital Management (LKCM)
Luther King Capital Management (LKCM) Fort Worth, Texas $23.1B AUM 21.31% 1-Year Est. Return
DSA
Davis Selected Advisers Tucson, Arizona $21.8B AUM 23.45% 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.