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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
CPRI icon
676
Capri Holdings
CPRI
$1.75B
$1.34M 0.01%
34,765
-2,800
-7% -$131K
DVA icon
677
DaVita
DVA
$11.7B
$1.34M 0.01%
16,139
-1,300
-7% -$114K
INGR icon
678
Ingredion
INGR
$6.53B
$1.33M 0.01%
16,488
-400
-2% -$35.1K
NVT icon
679
nVent Electric
NVT
$26.3B
$1.33M 0.01%
42,006
-300
-0.7% -$10K
LSTR icon
680
Landstar System
LSTR
$6.05B
$1.32M 0.01%
9,170
-300
-3% -$44.7K
PSNL icon
681
Personalis
PSNL
$1.55B
$1.32M 0.01%
443,798
– –
FYBR
682
DELISTED
Frontier Communications
FYBR
$1.32M 0.01%
+56,200
New +$1.43M
AYI icon
683
Acuity Brands
AYI
$10.6B
$1.31M 0.01%
8,294
-500
-6% -$84.5K
MUR icon
684
Murphy Oil
MUR
$5.09B
$1.3M 0.01%
36,847
-300
-0.8% -$10.4K
NCLH icon
685
Norwegian Cruise Line
NCLH
$8.52B
$1.3M 0.01%
114,079
+2,000
+2% +$26.3K
XPO icon
686
XPO
XPO
$23.5B
$1.29M 0.01%
48,878
+6,564
+16% +$204K
LHCG
687
DELISTED
LHC Group LLC
LHCG
$1.28M 0.01%
7,840
-100
-1% -$16.2K
EXEL icon
688
Exelixis
EXEL
$13.1B
$1.27M 0.01%
81,116
-500
-0.6% -$9.66K
SAIA icon
689
Saia
SAIA
$9.49B
$1.27M 0.01%
6,686
– –
DTM icon
690
DT Midstream
DTM
$13.7B
$1.26M 0.01%
24,355
-200
-0.8% -$10.8K
NATI
691
DELISTED
National Instruments Corp
NATI
$1.26M 0.01%
33,378
– –
IDA icon
692
Idacorp
IDA
$8.08B
$1.26M 0.01%
12,720
-100
-0.8% -$10.9K
WTFC icon
693
Wintrust Financial
WTFC
$10.7B
$1.25M 0.01%
15,263
– –
SRC
694
DELISTED
SPIRIT REALTY CAPITAL, INC.
SRC
$1.24M 0.01%
34,416
+300
+0.9% +$12.4K
SAIC icon
695
Saic
SAIC
$5.3B
$1.24M 0.01%
14,055
-100
-0.7% -$9.31K
LFUS icon
696
Littelfuse
LFUS
$11.6B
$1.24M 0.01%
6,253
– –
SIGI icon
697
Selective Insurance
SIGI
$5.66B
$1.24M 0.01%
15,181
-200
-1% -$16.3K
RH icon
698
RH
RH
$3.47B
$1.23M 0.01%
5,015
+500
+11% +$135K
BC icon
699
Brunswick
BC
$5.21B
$1.23M 0.01%
18,770
-500
-3% -$37.5K
OPCH icon
700
Option Care Health
OPCH
$3.67B
$1.23M 0.01%
38,959
+3,700
+10% +$118K
26 27
28
29 30

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.