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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
TDG icon
51
TransDigm Group
TDG
$67.7B
$46M 0.34%
87,692
+17,200
+24% +$10.3M
MCD icon
52
McDonald's
MCD
$194B
$45.9M 0.34%
199,115
-400
-0.2% -$102K
ABT icon
53
Abbott
ABT
$188B
$45.9M 0.34%
473,957
+1,500
+0.3% +$160K
CMG icon
54
Chipotle Mexican Grill
CMG
$41B
$45.8M 0.34%
1,524,900
– –
DHR icon
55
Danaher
DHR
$145B
$45.8M 0.34%
199,821
+2,933
+1% +$718K
WFC icon
56
Wells Fargo
WFC
$264B
$45.2M 0.33%
1,124,349
+3,900
+0.3% +$168K
AGG icon
57
iShares Core US Aggregate Bond ETF
AGG
$137B
$45M 0.33%
467,500
– –
GLOB icon
58
Globant
GLOB
$1.66B
$44.4M 0.33%
237,400
– –
HSY icon
59
Hershey
HSY
$36.7B
$41.9M 0.31%
190,134
+30,400
+19% +$6.81M
NEE icon
60
NextEra Energy
NEE
$176B
$41.7M 0.31%
531,798
+1,800
+0.3% +$153K
TXN icon
61
Texas Instruments
TXN
$257B
$40.9M 0.3%
264,265
-1,500
-0.6% -$252K
QUAL icon
62
iShares MSCI USA Quality Factor ETF
QUAL
$48.1B
$40.3M 0.3%
387,300
+22,400
+6% +$2.62M
CRM icon
63
Salesforce
CRM
$161B
$38.7M 0.28%
269,343
-72,000
-21% -$12.2M
INTC icon
64
Intel
INTC
$501B
$37.8M 0.28%
1,465,591
+8,000
+0.5% +$273K
CVS icon
65
CVS Health
CVS
$122B
$37.7M 0.28%
395,477
+1,500
+0.4% +$148K
ADBE icon
66
Adobe
ADBE
$108B
$36.8M 0.27%
133,723
-1,768
-1% -$669K
QCOM icon
67
Qualcomm
QCOM
$172B
$36.7M 0.27%
325,166
-55,589
-15% -$7.64M
RTX icon
68
RTX Corp
RTX
$303B
$36.6M 0.27%
447,432
-1,600
-0.4% -$145K
LIN icon
69
Linde
LIN
$225B
$36.4M 0.27%
134,904
-800
-0.6% -$230K
SPGI icon
70
S&P Global
SPGI
$121B
$36.2M 0.27%
118,653
-1,400
-1% -$501K
VLUE icon
71
iShares MSCI USA Value Factor ETF
VLUE
$9.5B
$36M 0.26%
440,300
+89,650
+26% +$8.31M
COP icon
72
ConocoPhillips
COP
$146B
$35.3M 0.26%
344,591
-4,400
-1% -$439K
UPS icon
73
United Parcel Service
UPS
$88.8B
$35.3M 0.26%
218,214
-100
-0% -$18.9K
CMCSA icon
74
Comcast
CMCSA
$88.9B
$35M 0.26%
1,191,889
-14,300
-1% -$535K
PM icon
75
Philip Morris
PM
$291B
$34.8M 0.26%
419,558
+1,300
+0.3% +$124K
1 2
3
4 5

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
Luther King Capital Management (LKCM)
Luther King Capital Management (LKCM) Fort Worth, Texas $23.1B AUM 21.31% 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

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.