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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
OHI icon
601
Omega Healthcare
OHI
$14.4B
$1.74M 0.01%
59,063
-800
-1% -$25.1K
AZPN
602
DELISTED
Aspen Technology Inc
AZPN
$1.74M 0.01%
7,307
+200
+3% +$41.6K
TTEK icon
603
Tetra Tech
TTEK
$8.97B
$1.72M 0.01%
67,040
-1,000
-1% -$28K
MASI
604
DELISTED
Masimo
MASI
$1.72M 0.01%
12,196
-800
-6% -$117K
SWN
605
DELISTED
Southwestern Energy Company
SWN
$1.72M 0.01%
+280,900
New +$1.94M
HRB icon
606
H&R Block
HRB
$5.82B
$1.71M 0.01%
40,268
-300
-0.7% -$12.7K
LSCC icon
607
Lattice Semiconductor
LSCC
$18.2B
$1.71M 0.01%
34,662
-300
-0.9% -$16.6K
OMGA
608
DELISTED
Omega Therapeutics, Inc. Common Stock
OMGA
$1.7M 0.01%
314,117
– –
MAT icon
609
Mattel
MAT
$4.21B
$1.69M 0.01%
89,033
-600
-0.7% -$13.4K
PFGC icon
610
Performance Food Group
PFGC
$17.9B
$1.68M 0.01%
39,103
-300
-0.8% -$14.8K
GTLS
611
DELISTED
Chart Industries
GTLS
$1.66M 0.01%
9,000
-100
-1% -$18.5K
XRAY icon
612
Dentsply Sirona
XRAY
$2.32B
$1.66M 0.01%
58,360
+200
+0.3% +$6.84K
IBKR icon
613
Interactive Brokers
IBKR
$41.1B
$1.65M 0.01%
103,516
+14,400
+16% +$222K
AA icon
614
Alcoa
AA
$13.6B
$1.63M 0.01%
48,475
-1,500
-3% -$70K
SEIC icon
615
SEI Investments
SEIC
$12.6B
$1.63M 0.01%
33,124
-500
-1% -$27.3K
CHE icon
616
Chemed
CHE
$7.18B
$1.62M 0.01%
3,709
-100
-3% -$48.1K
OGN icon
617
Organon & Co
OGN
$3.58B
$1.61M 0.01%
68,864
+600
+0.9% +$18.1K
GME icon
618
GameStop
GME
$8.43B
$1.6M 0.01%
63,700
+900
+1% +$29.4K
NOV icon
619
NOV
NOV
$7.38B
$1.6M 0.01%
98,977
-900
-0.9% -$15.1K
EGP icon
620
EastGroup Properties
EGP
$10.9B
$1.59M 0.01%
11,027
+400
+4% +$65.3K
WU icon
621
Western Union
WU
$2.19B
$1.59M 0.01%
117,936
-900
-0.8% -$14.1K
RRC icon
622
Range Resources
RRC
$9.41B
$1.58M 0.01%
62,486
-3,400
-5% -$103K
NWSA icon
623
News Corp Class A
NWSA
$15.4B
$1.58M 0.01%
104,354
-500
-0.5% -$8.38K
ATR icon
624
AptarGroup
ATR
$8.5B
$1.57M 0.01%
16,510
-200
-1% -$20.8K
PNFP icon
625
Pinnacle Financial Partners Inc
PNFP
$15.8B
$1.56M 0.01%
19,227
-200
-1% -$16K
23 24
25
26 27

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.