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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
CHH icon
826
Choice Hotels
CHH
$4.62B
$803K 0.01%
7,332
-1,000
-12% -$115K
WEN icon
827
Wendy's
WEN
$1.39B
$802K 0.01%
42,885
-700
-2% -$14.1K
FLS icon
828
Flowserve
FLS
$10.1B
$801K 0.01%
32,968
-300
-0.9% -$9.07K
COIN icon
829
Coinbase
COIN
$39.2B
$800K 0.01%
12,400
-1,068
-8% -$74.6K
DEI icon
830
Douglas Emmett
DEI
$1.93B
$795K 0.01%
44,346
-400
-0.9% -$8.53K
AMED
831
DELISTED
Amedisys
AMED
$791K 0.01%
8,175
-100
-1% -$11.9K
BHF icon
832
Brighthouse Financial
BHF
$3.46B
$785K 0.01%
18,068
-1,000
-5% -$45.5K
AM icon
833
Antero Midstream
AM
$10.4B
$775K 0.01%
84,425
+1,700
+2% +$16.7K
IART icon
834
Integra LifeSciences
IART
$1.33B
$775K 0.01%
18,290
+100
+0.5% +$5.12K
TNDM icon
835
Tandem Diabetes Care
TNDM
$1.59B
$773K 0.01%
16,145
-100
-0.6% -$5.48K
SAM icon
836
Boston Beer
SAM
$1.86B
$771K 0.01%
2,383
– –
BOH icon
837
Bank of Hawaii
BOH
$3.1B
$770K 0.01%
10,119
-100
-1% -$7.86K
WWE
838
DELISTED
World Wrestling Entertainment
WWE
$766K 0.01%
10,910
-100
-0.9% -$6.82K
SBRA icon
839
Sabra Healthcare REIT
SBRA
$5.28B
$764K 0.01%
58,249
-500
-0.9% -$7.39K
ICUI icon
840
ICU Medical
ICUI
$4.56B
$762K 0.01%
5,061
– –
ASB icon
841
Associated Banc-Corp
ASB
$5.92B
$761K 0.01%
37,878
-300
-0.8% -$6.03K
NEOG icon
842
Neogen
NEOG
$2.49B
$761K 0.01%
54,453
+27,000
+98% +$544K
GATX icon
843
GATX Corp
GATX
$6.23B
$759K 0.01%
8,912
-100
-1% -$9.64K
PVH icon
844
PVH
PVH
$4.02B
$757K 0.01%
16,900
-1,254
-7% -$74.5K
MZTI
845
The Marzetti Company
MZTI
$3.13B
$756K 0.01%
5,032
– –
OLLI icon
846
Ollie's Bargain Outlet
OLLI
$4.8B
$754K 0.01%
14,603
-200
-1% -$12.4K
VC icon
847
Visteon
VC
$2.8B
$754K 0.01%
7,107
– –
SFM icon
848
Sprouts Farmers Market
SFM
$7.96B
$752K 0.01%
27,096
-800
-3% -$22.7K
EVR icon
849
Evercore
EVR
$11.5B
$749K 0.01%
9,105
-1,200
-12% -$113K
CNX icon
850
CNX Resources
CNX
$5.32B
$742K 0.01%
47,802
-1,800
-4% -$30.5K
32 33
34
35 36

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.