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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
EXLS icon
701
EXL Service
EXLS
$5.32B
$1.22M 0.01%
+41,500
New +$1.35M
QLYS icon
702
Qualys
QLYS
$6.43B
$1.22M 0.01%
8,776
+300
+4% +$42.3K
TREX icon
703
Trex
TREX
$4.91B
$1.22M 0.01%
27,822
-1,000
-3% -$53.5K
SYNH
704
DELISTED
Syneos Health, Inc. Class A Common Stock
SYNH
$1.22M 0.01%
25,922
-200
-0.8% -$12.9K
WWD icon
705
Woodward
WWD
$21B
$1.22M 0.01%
15,210
-200
-1% -$18.9K
ONB icon
706
Old National Bancorp
ONB
$10.1B
$1.22M 0.01%
73,842
-700
-0.9% -$11.7K
UBSI icon
707
United Bankshares
UBSI
$6.55B
$1.21M 0.01%
33,913
-600
-2% -$22.4K
FAF icon
708
First American
FAF
$7.37B
$1.21M 0.01%
26,264
-1,100
-4% -$59.5K
PRGO icon
709
Perrigo
PRGO
$1.75B
$1.21M 0.01%
33,958
-300
-0.9% -$12.1K
VAC icon
710
Marriott Vacations Worldwide
VAC
$3.89B
$1.21M 0.01%
9,913
-600
-6% -$81.5K
CNXC icon
711
Concentrix
CNXC
$1.56B
$1.21M 0.01%
10,791
-34,900
-76% -$4.47M
FLO icon
712
Flowers Foods
FLO
$1.51B
$1.2M 0.01%
48,642
-2,000
-4% -$54.1K
NYT icon
713
New York Times
NYT
$10.5B
$1.2M 0.01%
41,716
-700
-2% -$21.4K
LITE icon
714
Lumentum
LITE
$63.3B
$1.2M 0.01%
17,428
-100
-0.6% -$8.29K
MKSI icon
715
MKS Inc
MKSI
$19.8B
$1.19M 0.01%
14,440
+300
+2% +$30.9K
ASH icon
716
Ashland
ASH
$3.45B
$1.19M 0.01%
12,539
-400
-3% -$40.7K
HOG icon
717
Harley-Davidson
HOG
$2.72B
$1.17M 0.01%
33,561
-3,900
-10% -$146K
CADE
718
DELISTED
Cadence Bank
CADE
$1.17M 0.01%
46,010
-700
-1% -$18K
DISH
719
DELISTED
DISH Network Corp.
DISH
$1.17M 0.01%
84,513
+200
+0.2% +$3.54K
TGNA
720
DELISTED
TEGNA Inc
TGNA
$1.16M 0.01%
56,271
– –
PRI icon
721
Primerica
PRI
$9.65B
$1.16M 0.01%
9,419
-400
-4% -$50.7K
OSK icon
722
Oshkosh
OSK
$9.59B
$1.16M 0.01%
16,508
-200
-1% -$16.3K
GMED icon
723
Globus Medical
GMED
$11.6B
$1.16M 0.01%
19,461
-700
-3% -$42.2K
THG icon
724
Hanover Insurance
THG
$7.86B
$1.16M 0.01%
9,032
– –
VLY icon
725
Valley National Bancorp
VLY
$8.1B
$1.15M 0.01%
105,981
-900
-0.8% -$10.4K
27 28
29
30 31

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.