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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
NFG icon
651
National Fuel Gas
NFG
$7.78B
$1.42M 0.01%
23,012
-200
-0.9% -$13.8K
GNTX icon
652
Gentex
GNTX
$5.02B
$1.41M 0.01%
59,240
-400
-0.7% -$11K
PDCE
653
DELISTED
PDC Energy, Inc.
PDCE
$1.41M 0.01%
24,320
+100
+0.4% +$6.14K
THC icon
654
Tenet Healthcare
THC
$20.9B
$1.4M 0.01%
27,193
-200
-0.7% -$11.9K
MDU icon
655
MDU Resources
MDU
$4.29B
$1.4M 0.01%
134,703
-1,315
-1% -$14.5K
CLH icon
656
Clean Harbors
CLH
$16.4B
$1.4M 0.01%
12,707
– –
WH icon
657
Wyndham Hotels & Resorts
WH
$5.29B
$1.4M 0.01%
22,753
-700
-3% -$46.9K
BRX icon
658
Brixmor Property Group
BRX
$9.15B
$1.4M 0.01%
75,507
-700
-0.9% -$15.1K
SON icon
659
Sonoco
SON
$5.72B
$1.39M 0.01%
24,551
-200
-0.8% -$12.3K
FOX icon
660
Fox Class B
FOX
$23.6B
$1.39M 0.01%
48,815
-900
-2% -$28.2K
KNSL icon
661
Kinsale Capital Group
KNSL
$8.4B
$1.39M 0.01%
5,445
– –
SF
662
Stifel
SF
$12.6B
$1.39M 0.01%
40,181
-450
-1% -$17.7K
JEF icon
663
Jefferies Financial Group
JEF
$12.8B
$1.38M 0.01%
49,074
-1,883
-4% -$57K
MTDR icon
664
Matador Resources
MTDR
$6.46B
$1.38M 0.01%
28,300
+100
+0.4% +$5.4K
HALO icon
665
Halozyme
HALO
$11.6B
$1.37M 0.01%
34,738
-300
-0.9% -$13.3K
SNV
666
DELISTED
Synovus
SNV
$1.37M 0.01%
36,604
-400
-1% -$15.9K
GBCI icon
667
Glacier Bancorp
GBCI
$6.35B
$1.37M 0.01%
27,936
+300
+1% +$15.2K
FFIN icon
668
First Financial Bankshares
FFIN
$4.93B
$1.37M 0.01%
32,663
– –
ITT icon
669
ITT
ITT
$18.9B
$1.36M 0.01%
20,829
-400
-2% -$29.2K
NVST icon
670
Envista
NVST
$4.53B
$1.35M 0.01%
41,163
-200
-0.5% -$7.58K
BRKR icon
671
Bruker
BRKR
$8.58B
$1.35M 0.01%
25,393
– –
PII icon
672
Polaris
PII
$3.97B
$1.35M 0.01%
14,079
-100
-0.7% -$11.2K
BLD
673
DELISTED
TopBuild
BLD
$1.34M 0.01%
8,157
-200
-2% -$37K
CW icon
674
Curtiss-Wright
CW
$25.6B
$1.34M 0.01%
9,661
-100
-1% -$14.2K
ALK icon
675
Alaska Air
ALK
$5.27B
$1.34M 0.01%
34,262
+400
+1% +$17.6K
25 26
27
28 29

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.