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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
CZR icon
576
Caesars Entertainment
CZR
$6.13B
$1.87M 0.01%
57,997
+100
+0.2% +$4.35K
G icon
577
Genpact
G
$5.74B
$1.86M 0.01%
42,584
-700
-2% -$32.2K
MHK icon
578
Mohawk Industries
MHK
$9.19B
$1.86M 0.01%
20,381
+300
+1% +$34.8K
AOS icon
579
A.O. Smith
AOS
$8.48B
$1.86M 0.01%
38,253
-400
-1% -$23K
BEN icon
580
Franklin Resources
BEN
$17B
$1.85M 0.01%
85,795
+1,300
+2% +$33.4K
NWL icon
581
Newell Brands
NWL
$2.51B
$1.84M 0.01%
132,620
+2,600
+2% +$48.5K
OGE icon
582
OGE Energy
OGE
$9.54B
$1.84M 0.01%
50,514
-400
-0.8% -$16.1K
UNM icon
583
Unum
UNM
$14.5B
$1.84M 0.01%
47,400
-3,700
-7% -$135K
LECO icon
584
Lincoln Electric
LECO
$15.1B
$1.83M 0.01%
14,589
-200
-1% -$27K
JLL icon
585
Jones Lang LaSalle
JLL
$16.4B
$1.83M 0.01%
12,111
-300
-2% -$52.3K
CBSH icon
586
Commerce Bancshares
CBSH
$8.41B
$1.82M 0.01%
33,369
-608
-2% -$34.7K
CGNX icon
587
Cognex
CGNX
$10.8B
$1.81M 0.01%
43,753
-400
-0.9% -$18.1K
LII icon
588
Lennox International
LII
$14.6B
$1.81M 0.01%
8,144
-300
-4% -$71.4K
LAMR icon
589
Lamar Advertising Co
LAMR
$15.7B
$1.81M 0.01%
21,938
-200
-0.9% -$19.1K
PNR icon
590
Pentair
PNR
$10.7B
$1.81M 0.01%
44,464
– –
PEN icon
591
Penumbra
PEN
$12.8B
$1.8M 0.01%
9,514
+500
+6% +$80.2K
ACHC icon
592
Acadia Healthcare
ACHC
$2.96B
$1.79M 0.01%
22,930
-100
-0.4% -$7.99K
MPT
593
Medical Properties Trust
MPT
$2.48B
$1.79M 0.01%
151,000
-1,600
-1% -$24.2K
NNN icon
594
NNN REIT
NNN
$8.8B
$1.78M 0.01%
44,684
-100
-0.2% -$4.51K
FRT icon
595
Federal Realty Investment Trust
FRT
$10.2B
$1.77M 0.01%
19,662
+600
+3% +$61K
DT icon
596
Dynatrace
DT
$14.6B
$1.76M 0.01%
+50,700
New +$1.96M
WYNN icon
597
Wynn Resorts
WYNN
$10.6B
$1.76M 0.01%
27,972
-300
-1% -$18.7K
UHS icon
598
Universal Health Services
UHS
$10.2B
$1.75M 0.01%
19,874
-300
-1% -$31K
SEE
599
DELISTED
Sealed Air
SEE
$1.75M 0.01%
39,303
-100
-0.3% -$5.49K
MIDD icon
600
Middleby
MIDD
$5.89B
$1.75M 0.01%
13,620
-200
-1% -$28.1K
22 23
24
25 26

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.