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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
ORA icon
776
Ormat Technologies
ORA
$6.87B
$974K 0.01%
+11,300
New +$1.01M
QDEL icon
777
QuidelOrtho
QDEL
$938M
$974K 0.01%
13,627
+900
+7% +$80.5K
BYD icon
778
Boyd Gaming
BYD
$5.92B
$973K 0.01%
20,424
+100
+0.5% +$5.36K
CRUS icon
779
Cirrus Logic
CRUS
$6.11B
$973K 0.01%
14,141
-400
-3% -$31.4K
CC icon
780
Chemours
CC
$2.2B
$963K 0.01%
39,079
-500
-1% -$16.5K
HAE icon
781
Haemonetics
HAE
$3.94B
$960K 0.01%
12,974
– –
THO icon
782
Thor Industries
THO
$4.14B
$960K 0.01%
13,718
-300
-2% -$24.5K
OGS icon
783
ONE Gas
OGS
$4.96B
$958K 0.01%
13,604
-200
-1% -$16.1K
UNVR
784
DELISTED
Univar Solutions Inc.
UNVR
$957K 0.01%
42,097
-900
-2% -$22.6K
HE icon
785
Hawaiian Electric Industries
HE
$2.02B
$955K 0.01%
27,548
-300
-1% -$12.1K
LPX icon
786
Louisiana-Pacific
LPX
$5.2B
$955K 0.01%
18,658
-2,200
-11% -$125K
KRG icon
787
Kite Realty
KRG
$5.29B
$950K 0.01%
55,195
-500
-0.9% -$9.58K
WING icon
788
Wingstop
WING
$3.2B
$950K 0.01%
7,572
– –
ESNT icon
789
Essent Group
ESNT
$6.23B
$946K 0.01%
27,133
-200
-0.7% -$8.02K
NJR icon
790
New Jersey Resources
NJR
$5.45B
$940K 0.01%
24,285
-200
-0.8% -$8.92K
IRT icon
791
Independence Realty Trust
IRT
$3.94B
$935K 0.01%
55,900
-300
-0.5% -$6.07K
UMPQ
792
DELISTED
Umpqua Holdings Corp
UMPQ
$935K 0.01%
54,690
-500
-0.9% -$8.88K
POWI icon
793
Power Integrations
POWI
$3.46B
$927K 0.01%
14,418
-400
-3% -$29.9K
NSP icon
794
Insperity
NSP
$1.96B
$924K 0.01%
9,050
– –
UMBF icon
795
UMB Financial
UMBF
$11.1B
$922K 0.01%
10,941
– –
MTZ icon
796
MasTec
MTZ
$21.5B
$917K 0.01%
14,439
-100
-0.7% -$7.74K
KEX icon
797
Kirby Corp
KEX
$7B
$915K 0.01%
15,059
-300
-2% -$19.2K
CBT icon
798
Cabot Corp
CBT
$4.46B
$905K 0.01%
14,165
-200
-1% -$14.1K
EEFT icon
799
Euronet Worldwide
EEFT
$2.65B
$903K 0.01%
11,917
-900
-7% -$84.4K
NSA
800
DELISTED
National Storage Affiliates Trust
NSA
$894K 0.01%
21,501
+100
+0.5% +$5.1K
30 31
32
33 34

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.