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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
LULU icon
551
lululemon athletica
LULU
$14.2B
$2.15M 0.02%
7,708
– –
CFR icon
552
Cullen/Frost Bankers
CFR
$10.3B
$2.14M 0.02%
16,164
+1,700
+12% +$223K
NLY icon
553
Annaly Capital Management
NLY
$17.3B
$2.12M 0.02%
123,631
+108,675
+727% +$2.74M
RGA icon
554
Reinsurance Group of America
RGA
$16B
$2.12M 0.02%
16,852
-200
-1% -$24.6K
AAL icon
555
American Airlines Group
AAL
$10.2B
$2.12M 0.02%
175,905
+1,700
+1% +$23.7K
MANH icon
556
Manhattan Associates
MANH
$11.6B
$2.11M 0.02%
15,831
-200
-1% -$27.1K
DECK icon
557
Deckers Outdoor
DECK
$12.9B
$2.1M 0.02%
40,296
-1,200
-3% -$62.4K
STOR
558
DELISTED
STORE Capital Corporation
STOR
$2.1M 0.02%
66,996
+2,800
+4% +$79.5K
AIZ icon
559
Assurant
AIZ
$14B
$2.09M 0.02%
14,367
-300
-2% -$49K
ZION icon
560
Zions Bancorporation
ZION
$10.3B
$2.07M 0.02%
40,717
-100
-0.2% -$5.47K
ARW icon
561
Arrow Electronics
ARW
$10.6B
$2.05M 0.02%
22,261
-600
-3% -$65.5K
WSM icon
562
Williams-Sonoma
WSM
$29.8B
$2.04M 0.02%
34,640
-1,000
-3% -$71K
BBWI icon
563
Bath & Body Works
BBWI
$3.83B
$2.01M 0.01%
61,771
-2,600
-4% -$91.7K
WBS icon
564
Webster Financial
WBS
$12.8B
$2M 0.01%
44,344
-1,000
-2% -$46.3K
JBL icon
565
Jabil
JBL
$37.1B
$2M 0.01%
34,711
-1,200
-3% -$69.8K
HR icon
566
Healthcare Realty
HR
$6.6B
$2M 0.01%
+95,953
New +$2.44M
DINO icon
567
HF Sinclair
DINO
$15.2B
$1.97M 0.01%
36,600
-1,400
-4% -$69.2K
PNW icon
568
Pinnacle West Capital
PNW
$12B
$1.97M 0.01%
30,561
+200
+0.7% +$14.7K
AXON
569
Axon Enterprise
AXON
$50.4B
$1.97M 0.01%
16,980
-1,100
-6% -$125K
TPR icon
570
Tapestry
TPR
$32.9B
$1.94M 0.01%
68,199
+200
+0.3% +$6.68K
FIVE icon
571
Five Below
FIVE
$13B
$1.93M 0.01%
14,022
-100
-0.7% -$13.1K
CASY icon
572
Casey's General Stores
CASY
$31.1B
$1.91M 0.01%
9,421
– –
IVZ icon
573
Invesco
IVZ
$14.1B
$1.88M 0.01%
137,550
+32,200
+31% +$543K
FBIN icon
574
Fortune Brands Innovations
FBIN
$5.96B
$1.88M 0.01%
40,999
-351
-0.8% -$19.1K
CCL icon
575
Carnival Corporation Ltd
CCL
$38.7B
$1.88M 0.01%
267,144
+48,000
+22% +$465K
21 22
23
24 25

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.