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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
CUZ icon
801
Cousins Properties
CUZ
$4.83B
$891K 0.01%
38,144
+300
+0.8% +$8.48K
FLR icon
802
Fluor
FLR
$7.3B
$891K 0.01%
35,797
-300
-0.8% -$7.65K
SLGN icon
803
Silgan Holdings
SLGN
$4.35B
$887K 0.01%
21,100
-300
-1% -$13.2K
SLM icon
804
SLM Corp
SLM
$5.14B
$887K 0.01%
63,399
-5,100
-7% -$79K
ARWR icon
805
Arrowhead Research
ARWR
$12.5B
$881K 0.01%
26,670
-200
-0.7% -$8.07K
MMS icon
806
Maximus
MMS
$2.9B
$881K 0.01%
15,218
-400
-3% -$24.9K
NARI
807
DELISTED
Inari Medical, Inc. Common Stock
NARI
$879K 0.01%
12,100
+3,500
+41% +$261K
CALX icon
808
Calix
CALX
$2.4B
$875K 0.01%
14,318
+200
+1% +$10.7K
MSM icon
809
MSC Industrial Direct
MSM
$6.87B
$871K 0.01%
11,965
– –
WTS icon
810
Watts Water Technologies
WTS
$12.8B
$867K 0.01%
6,895
-100
-1% -$13.6K
AVT icon
811
Avnet
AVT
$7.99B
$863K 0.01%
23,905
-900
-4% -$38.7K
SNX icon
812
TD Synnex
SNX
$20.3B
$862K 0.01%
10,621
+100
+1% +$9.55K
DOC
813
DELISTED
PHYSICIANS REALTY TRUST
DOC
$858K 0.01%
57,020
-300
-0.5% -$5.07K
SSD icon
814
Simpson Manufacturing
SSD
$8.03B
$857K 0.01%
10,927
– –
STAA icon
815
STAAR Surgical
STAA
$1.25B
$853K 0.01%
12,084
-100
-0.8% -$8.56K
FOXF icon
816
Fox Factory Holding Corp
FOXF
$882M
$845K 0.01%
10,689
– –
MAN icon
817
ManpowerGroup
MAN
$2.63B
$845K 0.01%
13,063
-400
-3% -$30.1K
PCH
818
DELISTED
PotlatchDeltic
PCH
$838K 0.01%
20,431
+2,800
+16% +$129K
SR icon
819
Spire
SR
$4.79B
$825K 0.01%
13,236
– –
ZD icon
820
Ziff Davis
ZD
$2B
$818K 0.01%
11,940
-100
-0.8% -$7.88K
KSS icon
821
Kohl's
KSS
$2.16B
$816K 0.01%
32,426
-300
-0.9% -$8.75K
ETRN
822
DELISTED
Equitrans Midstream Corporation Common Stock
ETRN
$816K 0.01%
109,102
+5,600
+5% +$46.8K
AZTA icon
823
Azenta
AZTA
$1.54B
$811K 0.01%
18,917
-200
-1% -$11.9K
PTON icon
824
Peloton Interactive
PTON
$2.42B
$807K 0.01%
116,477
– –
TDC icon
825
Teradata
TDC
$2.58B
$806K 0.01%
25,942
-700
-3% -$24.5K
31 32
33
34 35

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.