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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
GL icon
526
Globe Life
GL
$14.2B
$2.45M 0.02%
24,536
– –
RGEN icon
527
Repligen
RGEN
$9.21B
$2.44M 0.02%
13,053
-100
-0.8% -$21.1K
BIO icon
528
Bio-Rad Laboratories Class A
BIO
$9.48B
$2.44M 0.02%
5,850
– –
OC icon
529
Owens Corning
OC
$12.2B
$2.41M 0.02%
30,688
-400
-1% -$33.6K
ACM icon
530
Aecom
ACM
$9.42B
$2.4M 0.02%
35,176
-800
-2% -$56.7K
UTHR icon
531
United Therapeutics
UTHR
$22.7B
$2.39M 0.02%
11,432
-100
-0.9% -$22.4K
EWBC icon
532
East-West Bancorp
EWBC
$18.1B
$2.38M 0.02%
35,522
-600
-2% -$42.7K
ALLE icon
533
Allegion
ALLE
$14.1B
$2.37M 0.02%
26,444
+100
+0.4% +$9.9K
ROL icon
534
Rollins
ROL
$17.9B
$2.37M 0.02%
68,358
+1,500
+2% +$54.1K
WRK
535
DELISTED
WestRock Company
WRK
$2.37M 0.02%
76,664
– –
HAS icon
536
Hasbro
HAS
$13.3B
$2.37M 0.02%
35,112
-300
-0.8% -$23.7K
LSI
537
DELISTED
Life Storage, Inc.
LSI
$2.36M 0.02%
21,320
-100
-0.5% -$12.3K
RRX icon
538
Regal Rexnord
RRX
$11.5B
$2.36M 0.02%
16,801
-200
-1% -$26.9K
JAZZ icon
539
Jazz Pharmaceuticals
JAZZ
$16.7B
$2.33M 0.02%
17,464
– –
BLDR icon
540
Builders FirstSource
BLDR
$7.74B
$2.32M 0.02%
39,312
-4,600
-10% -$288K
DAY
541
DELISTED
Dayforce
DAY
$2.31M 0.02%
41,410
+4,600
+12% +$268K
SCI icon
542
Service Corp International
SCI
$11.4B
$2.3M 0.02%
39,762
-600
-1% -$39.5K
TTC icon
543
Toro Company
TTC
$9.4B
$2.28M 0.02%
26,332
-300
-1% -$25.7K
RCL icon
544
Royal Caribbean
RCL
$82.4B
$2.25M 0.02%
59,401
-1,100
-2% -$44.6K
REG icon
545
Regency Centers
REG
$13.9B
$2.25M 0.02%
41,702
-200
-0.5% -$12.2K
REXR icon
546
Rexford Industrial Realty
REXR
$8.13B
$2.24M 0.02%
43,082
+1,100
+3% +$68.1K
LNC icon
547
Lincoln National
LNC
$8.75B
$2.21M 0.02%
50,301
-1,700
-3% -$81.9K
UGI icon
548
UGI
UGI
$7.29B
$2.2M 0.02%
68,000
-600
-0.9% -$23.7K
AFG icon
549
American Financial Group
AFG
$11.9B
$2.17M 0.02%
17,610
+700
+4% +$91.8K
WSO icon
550
Watsco Inc
WSO
$13.5B
$2.16M 0.02%
8,383
-100
-1% -$27.1K
20 21
22
23 24

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.