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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
EFOR
726
Everforth Inc
EFOR
$1.33B
$1.14M 0.01%
12,621
-400
-3% -$38.8K
COHR icon
727
Coherent
COHR
$63.6B
$1.14M 0.01%
32,706
+4,052
+14% +$194K
EHC icon
728
Encompass Health
EHC
$12.4B
$1.14M 0.01%
25,145
-6,714
-21% -$336K
TOL icon
729
Toll Brothers
TOL
$14B
$1.13M 0.01%
26,926
-1,100
-4% -$51K
VVV icon
730
Valvoline
VVV
$4.3B
$1.13M 0.01%
44,615
-700
-2% -$20.5K
POST icon
731
Post Holdings
POST
$3.45B
$1.13M 0.01%
13,747
-500
-4% -$43.3K
KRC icon
732
Kilroy Realty
KRC
$4.32B
$1.12M 0.01%
26,565
-200
-0.7% -$10.1K
BKH icon
733
Black Hills Corp
BKH
$5.62B
$1.11M 0.01%
16,400
-100
-0.6% -$7.5K
LEG icon
734
Leggett & Platt
LEG
$1.29B
$1.11M 0.01%
33,448
-500
-1% -$19K
OZK icon
735
Bank OZK
OZK
$5.63B
$1.11M 0.01%
28,012
-700
-2% -$28.2K
RYN icon
736
Rayonier
RYN
$6.52B
$1.11M 0.01%
40,664
-331
-0.8% -$10.7K
PENN icon
737
PENN Entertainment
PENN
$2.53B
$1.1M 0.01%
40,000
-4,108
-9% -$133K
HXL icon
738
Hexcel
HXL
$7.63B
$1.1M 0.01%
21,197
-200
-0.9% -$11.6K
X
739
DELISTED
US Steel
X
$1.08M 0.01%
59,799
-6,500
-10% -$139K
SWX icon
740
Southwest Gas
SWX
$6.56B
$1.08M 0.01%
15,529
-1,500
-9% -$122K
HOMB icon
741
Home BancShares
HOMB
$6.17B
$1.08M 0.01%
48,030
-100
-0.2% -$2.32K
CAR icon
742
Avis
CAR
$4.9B
$1.08M 0.01%
7,273
-1,400
-16% -$230K
SKX
743
DELISTED
Skechers
SKX
$1.08M 0.01%
34,044
-300
-0.9% -$11.2K
AMG icon
744
Affiliated Managers Group
AMG
$9.6B
$1.08M 0.01%
9,619
-200
-2% -$25.1K
CMC icon
745
Commercial Metals
CMC
$8.1B
$1.08M 0.01%
30,337
-600
-2% -$23.2K
CABO icon
746
Cable One
CABO
$203M
$1.07M 0.01%
1,259
– –
IAA
747
DELISTED
IAA, Inc. Common Stock
IAA
$1.07M 0.01%
33,730
-400
-1% -$14.2K
CROX icon
748
Crocs
CROX
$6.63B
$1.07M 0.01%
15,538
-100
-0.6% -$6.94K
M icon
749
Macy's
M
$6.55B
$1.06M 0.01%
67,970
-4,500
-6% -$79.7K
SLAB icon
750
Silicon Laboratories
SLAB
$7.2B
$1.06M 0.01%
8,597
-700
-8% -$93.6K
28 29
30
31 32

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.