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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
RGLD icon
626
Royal Gold
RGLD
$19.8B
$1.55M 0.01%
16,548
-100
-0.6% -$9.9K
RNR icon
627
RenaissanceRe
RNR
$13.2B
$1.55M 0.01%
11,065
-200
-2% -$27.8K
CACI icon
628
CACI
CACI
$14.3B
$1.55M 0.01%
5,921
– –
CHDN icon
629
Churchill Downs
CHDN
$6.02B
$1.54M 0.01%
16,680
-800
-5% -$81.6K
PB icon
630
Prosperity Bancshares
PB
$8.81B
$1.53M 0.01%
22,997
-400
-2% -$28.6K
DCI icon
631
Donaldson
DCI
$11.2B
$1.53M 0.01%
31,158
-300
-1% -$15.7K
CIEN icon
632
Ciena
CIEN
$54.9B
$1.52M 0.01%
37,696
-1,000
-3% -$48K
DXC icon
633
DXC Technology
DXC
$1.74B
$1.52M 0.01%
62,214
-3,500
-5% -$96.2K
ORI icon
634
Old Republic International
ORI
$10.3B
$1.52M 0.01%
72,478
-400
-0.5% -$9K
KBR icon
635
KBR
KBR
$4.83B
$1.51M 0.01%
35,011
-500
-1% -$24.6K
AGCO icon
636
AGCO
AGCO
$7.06B
$1.51M 0.01%
15,658
+100
+0.6% +$10.4K
DKS icon
637
Dick's Sporting Goods
DKS
$19.2B
$1.5M 0.01%
14,370
-400
-3% -$40.7K
AIRC
638
DELISTED
Apartment Income REIT Corp.
AIRC
$1.5M 0.01%
38,850
-1,100
-3% -$46.6K
LAD icon
639
Lithia Motors
LAD
$8.35B
$1.5M 0.01%
6,987
-400
-5% -$105K
VOYA icon
640
Voya Financial
VOYA
$9.08B
$1.5M 0.01%
24,716
-1,300
-5% -$79.5K
FR icon
641
First Industrial Realty Trust
FR
$8.36B
$1.49M 0.01%
33,268
-300
-0.9% -$15.2K
MUSA icon
642
Murphy USA
MUSA
$10.2B
$1.49M 0.01%
5,424
-200
-4% -$55.9K
RUN icon
643
Sunrun
RUN
$2.38B
$1.48M 0.01%
53,447
– –
TXRH icon
644
Texas Roadhouse
TXRH
$13.6B
$1.47M 0.01%
16,878
-500
-3% -$43.6K
VMI icon
645
Valmont Industries
VMI
$9.5B
$1.45M 0.01%
5,388
– –
FCN icon
646
FTI Consulting
FCN
$4.17B
$1.44M 0.01%
8,704
-100
-1% -$16.8K
EME icon
647
Emcor
EME
$35.7B
$1.44M 0.01%
12,448
-600
-5% -$68.5K
HQY icon
648
HealthEquity
HQY
$8.93B
$1.43M 0.01%
21,222
-200
-0.9% -$12.7K
WEX icon
649
WEX
WEX
$6.35B
$1.42M 0.01%
11,175
-300
-3% -$47.2K
IRDM icon
650
Iridium Communications
IRDM
$5.23B
$1.42M 0.01%
31,959
-600
-2% -$26K
24 25
26
27 28

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.