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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
HST icon
476
Host Hotels & Resorts
HST
$15.4B
$3.07M 0.02%
193,529
+600
+0.3% +$10.5K
CE icon
477
Celanese
CE
$4.97B
$3.04M 0.02%
33,644
-2,200
-6% -$242K
L icon
478
Loews
L
$23.2B
$3.03M 0.02%
60,852
+1,700
+3% +$95.4K
TECH icon
479
Bio-Techne
TECH
$11.2B
$3.01M 0.02%
42,444
– –
LW icon
480
Lamb Weston
LW
$7.27B
$3.01M 0.02%
38,932
– –
HUBB icon
481
Hubbell
HUBB
$27.4B
$3.01M 0.02%
13,499
-100
-0.7% -$21K
DPZ icon
482
Domino's
DPZ
$11.8B
$3M 0.02%
9,680
-100
-1% -$38K
PTC icon
483
PTC
PTC
$16.4B
$3M 0.02%
28,654
+300
+1% +$34.2K
LYV icon
484
Live Nation Entertainment
LYV
$42.8B
$2.92M 0.02%
38,411
-243,600
-86% -$21.8M
BXP icon
485
Boston Properties
BXP
$10.8B
$2.89M 0.02%
38,557
+100
+0.3% +$8.5K
UAL icon
486
United Airlines
UAL
$40.8B
$2.88M 0.02%
88,428
+300
+0.3% +$11.2K
IPG
487
DELISTED
Interpublic Group of Companies
IPG
$2.86M 0.02%
111,592
-400
-0.4% -$11.3K
MAS icon
488
Masco
MAS
$14.9B
$2.85M 0.02%
61,017
-2,700
-4% -$141K
PKG icon
489
Packaging Corp of America
PKG
$22.9B
$2.85M 0.02%
25,363
– –
KMX icon
490
CarMax
KMX
$8.3B
$2.84M 0.02%
43,048
-300
-0.7% -$27.4K
BWA icon
491
BorgWarner
BWA
$14.1B
$2.81M 0.02%
101,652
-454
-0.4% -$14.6K
WHR icon
492
Whirlpool
WHR
$2.86B
$2.8M 0.02%
20,777
-400
-2% -$63.7K
NI icon
493
NiSource
NI
$20B
$2.77M 0.02%
109,869
+500
+0.5% +$14.7K
JNPR
494
DELISTED
Juniper Networks
JNPR
$2.75M 0.02%
105,324
+200
+0.2% +$5.64K
MKTX icon
495
MarketAxess Holdings
MKTX
$5.72B
$2.74M 0.02%
12,321
– –
RPM icon
496
RPM International
RPM
$15B
$2.71M 0.02%
32,518
-400
-1% -$35.5K
CRL icon
497
Charles River Laboratories
CRL
$13.4B
$2.7M 0.02%
13,730
– –
HII icon
498
Huntington Ingalls Industries
HII
$13.1B
$2.7M 0.02%
12,190
– –
NLSN
499
DELISTED
Nielsen Holdings plc
NLSN
$2.7M 0.02%
97,392
+900
+0.9% +$23.5K
QRVO icon
500
Qorvo
QRVO
$8.54B
$2.69M 0.02%
33,919
-1,200
-3% -$116K
18 19
20
21 22

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
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
OAG
Orbis Allan Gray Hamilton, Bermuda $23.7B AUM 65.43% 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.