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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
FULT icon
876
Fulton Financial
FULT
$4.6B
$666K ﹤0.01%
42,146
+1,300
+3% +$21K
VNT icon
877
Vontier
VNT
$4.63B
$665K ﹤0.01%
39,815
-1,100
-3% -$24.5K
KMPR icon
878
Kemper
KMPR
$1.55B
$664K ﹤0.01%
16,096
+800
+5% +$37.4K
LOPE icon
879
Grand Canyon Education
LOPE
$3.82B
$663K ﹤0.01%
8,059
-200
-2% -$17.3K
ADNT icon
880
Adient
ADNT
$1.44B
$662K ﹤0.01%
23,856
-300
-1% -$9.73K
BDC icon
881
Belden
BDC
$5.28B
$660K ﹤0.01%
10,998
-300
-3% -$19.1K
CDP icon
882
COPT Defense Properties
CDP
$4.14B
$658K ﹤0.01%
28,313
-300
-1% -$7.86K
VYX icon
883
NCR Voyix
VYX
$1.09B
$656K ﹤0.01%
56,248
-326
-0.6% -$5.98K
AVNT icon
884
Avient
AVNT
$4.19B
$652K ﹤0.01%
21,524
-1,700
-7% -$70.4K
SLG icon
885
SL Green Realty
SLG
$3.9B
$650K ﹤0.01%
16,173
-100
-0.6% -$4.65K
VMW
886
DELISTED
VMware, Inc
VMW
$649K ﹤0.01%
6,100
– –
CRI icon
887
Carter's
CRI
$1.48B
$644K ﹤0.01%
9,829
-400
-4% -$30.6K
RCM
888
DELISTED
R1 RCM Inc. Common Stock
RCM
$641K ﹤0.01%
34,601
+500
+1% +$11.4K
PK icon
889
Park Hotels & Resorts
PK
$2.92B
$639K ﹤0.01%
56,729
-2,600
-4% -$37K
MP icon
890
MP Materials
MP
$9.73B
$636K ﹤0.01%
+23,300
New +$762K
FL
891
DELISTED
Foot Locker
FL
$631K ﹤0.01%
20,267
-1,000
-5% -$31.9K
YETI icon
892
Yeti Holdings
YETI
$3.99B
$620K ﹤0.01%
21,747
-200
-0.9% -$8.34K
ENV
893
DELISTED
ENVESTNET, INC.
ENV
$616K ﹤0.01%
13,871
-200
-1% -$10.7K
HBI
894
DELISTED
Hanesbrands
HBI
$612K ﹤0.01%
87,987
-700
-0.8% -$6.87K
ACIW icon
895
ACI Worldwide
ACIW
$5.34B
$601K ﹤0.01%
28,743
-500
-2% -$12.4K
CVLT icon
896
Commault Systems
CVLT
$5.78B
$600K ﹤0.01%
11,312
– –
ENS icon
897
EnerSys
ENS
$6.79B
$598K ﹤0.01%
10,272
-200
-2% -$12.7K
COLM icon
898
Columbia Sportswear
COLM
$2.92B
$597K ﹤0.01%
8,874
+400
+5% +$29.3K
MRCY icon
899
Mercury Systems
MRCY
$6.52B
$589K ﹤0.01%
14,506
-200
-1% -$10.5K
VSH icon
900
Vishay Intertechnology
VSH
$5.08B
$587K ﹤0.01%
32,988
-600
-2% -$11.7K
34 35
36
37 38

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.