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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
GO icon
851
Grocery Outlet
GO
$966M
$742K 0.01%
22,280
– –
TCBI icon
852
Texas Capital Bancshares
TCBI
$4.34B
$741K 0.01%
12,552
-300
-2% -$17.8K
SXT icon
853
Sensient Technologies
SXT
$5.53B
$733K 0.01%
10,568
-100
-0.9% -$8.07K
CATY icon
854
Cathay General Bancorp
CATY
$4.24B
$720K 0.01%
18,730
-400
-2% -$16.6K
GT icon
855
Goodyear
GT
$1.76B
$720K 0.01%
71,326
-500
-0.7% -$6.36K
TNL icon
856
Travel + Leisure Co
TNL
$4.52B
$720K 0.01%
21,107
-600
-3% -$25.4K
GTLB icon
857
GitLab
GTLB
$6.96B
$719K 0.01%
+14,036
New +$819K
ALE
858
DELISTED
Allete
ALE
$718K 0.01%
14,346
-100
-0.7% -$5.95K
HIW icon
859
Highwoods Properties
HIW
$3.41B
$715K 0.01%
26,526
-200
-0.7% -$6.46K
DY icon
860
Dycom Industries
DY
$12.3B
$713K 0.01%
7,461
-100
-1% -$10.5K
IPGP icon
861
IPG Photonics
IPGP
$3.71B
$709K 0.01%
8,400
-400
-5% -$38K
FHI icon
862
Federated Hermes
FHI
$4.79B
$708K 0.01%
21,376
-1,900
-8% -$64.8K
FCFS icon
863
FirstCash
FCFS
$9.01B
$705K 0.01%
9,615
-400
-4% -$29.8K
BRBR icon
864
BellRing Brands
BRBR
$1.33B
$704K 0.01%
34,145
+6,400
+23% +$154K
NWE icon
865
NorthWestern Energy
NWE
$4.36B
$696K 0.01%
14,128
+400
+3% +$22K
PGNY icon
866
Progyny
PGNY
$2.11B
$696K 0.01%
18,779
+800
+4% +$30K
FNF icon
867
Fidelity National Financial
FNF
$12.8B
$691K 0.01%
19,839
– –
LIVN icon
868
LivaNova
LIVN
$4.22B
$686K 0.01%
13,511
-100
-0.7% -$5.93K
WMS icon
869
Advanced Drainage Systems
WMS
$10.8B
$681K 0.01%
5,474
-20,596
-79% -$2.56M
JHG
870
DELISTED
Janus Henderson
JHG
$679K 0.01%
33,413
-9,300
-22% -$225K
EPR icon
871
EPR Properties
EPR
$4.6B
$677K 0.01%
18,889
-200
-1% -$9.44K
CALY
872
Callaway Golf Company
CALY
$3.07B
$673K ﹤0.01%
34,948
+5,400
+18% +$119K
PACW
873
DELISTED
PacWest Bancorp
PACW
$670K ﹤0.01%
29,649
-200
-0.7% -$5.38K
TMHC
874
DELISTED
Taylor Morrison
TMHC
$669K ﹤0.01%
28,695
-1,700
-6% -$44.2K
MTSI icon
875
MACOM Technology Solutions
MTSI
$23.4B
$668K ﹤0.01%
+12,900
New +$706K
33 34
35
36 37

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
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
OAG
Orbis Allan Gray Hamilton, Bermuda $23.7B AUM 65.43% 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.