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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
DAR icon
501
Darling Ingredients
DAR
$9.91B
$2.68M 0.02%
40,474
-600
-1% -$41.8K
FFIV icon
502
F5
FFIV
$23.2B
$2.68M 0.02%
18,488
-200
-1% -$31.7K
VFC icon
503
VF Corp
VFC
$5.86B
$2.67M 0.02%
89,346
+2,200
+3% +$94.9K
CLF icon
504
Cleveland-Cliffs
CLF
$7.13B
$2.67M 0.02%
198,227
+9,000
+5% +$150K
RS icon
505
Reliance Steel & Aluminium
RS
$21.9B
$2.65M 0.02%
15,197
-600
-4% -$110K
MGM icon
506
MGM Resorts International
MGM
$10.9B
$2.63M 0.02%
88,344
-7,100
-7% -$231K
FICO icon
507
Fair Isaac
FICO
$22.7B
$2.63M 0.02%
6,372
-200
-3% -$90.8K
LUMN icon
508
Lumen
LUMN
$6.85B
$2.58M 0.02%
353,676
+6,800
+2% +$69.2K
SBNY
509
DELISTED
Signature Bank
SBNY
$2.57M 0.02%
17,025
+100
+0.6% +$18.2K
AAP icon
510
Advance Auto Parts
AAP
$3.36B
$2.57M 0.02%
16,431
-100
-0.6% -$18.3K
CPB icon
511
Campbell Soup
CPB
$6.69B
$2.57M 0.02%
54,501
– –
EMN icon
512
Eastman Chemical
EMN
$8.39B
$2.56M 0.02%
36,068
-1,500
-4% -$135K
TFX icon
513
Teleflex
TFX
$5.89B
$2.56M 0.02%
12,717
+100
+0.8% +$23.9K
GGG icon
514
Graco
GGG
$13.5B
$2.56M 0.02%
42,664
-400
-0.9% -$25.7K
NBIX icon
515
Neurocrine Biosciences
NBIX
$16.8B
$2.56M 0.02%
24,081
-200
-0.8% -$20.3K
HSIC icon
516
Henry Schein
HSIC
$9.82B
$2.56M 0.02%
38,860
-400
-1% -$29.7K
HEI icon
517
HEICO Corp
HEI
$50.9B
$2.53M 0.02%
17,600
– –
SWAV
518
DELISTED
Shockwave Medical, Inc. Common Stock
SWAV
$2.53M 0.02%
9,100
– –
RHI icon
519
Robert Half
RHI
$4.37B
$2.52M 0.02%
32,992
-300
-0.9% -$23.5K
CMA
520
DELISTED
Comerica
CMA
$2.52M 0.02%
35,370
– –
KNX icon
521
Knight Transportation
KNX
$11.2B
$2.49M 0.02%
50,931
-1,100
-2% -$56.3K
WTRG icon
522
Essential Utilities
WTRG
$11.3B
$2.49M 0.02%
60,071
+1,500
+3% +$72.7K
BJ icon
523
BJs Wholesale Club
BJ
$12.3B
$2.48M 0.02%
34,115
-200
-0.6% -$14.3K
PCTY icon
524
Paylocity
PCTY
$7.73B
$2.48M 0.02%
10,272
+200
+2% +$46K
LEA icon
525
Lear
LEA
$8.05B
$2.45M 0.02%
20,493
-200
-1% -$27.6K
19 20
21
22 23

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.