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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
HELE icon
901
Helen of Troy
HELE
$680M
$581K ﹤0.01%
6,027
– –
DELL icon
902
Dell
DELL
$296B
$579K ﹤0.01%
16,958
– –
TRIP icon
903
TripAdvisor
TRIP
$1.26B
$579K ﹤0.01%
26,243
+800
+3% +$17.9K
BCO icon
904
Brink's
BCO
$4.55B
$575K ﹤0.01%
11,877
-100
-0.8% -$5.57K
COTY icon
905
Coty
COTY
$2.51B
$575K ﹤0.01%
90,998
+3,500
+4% +$26.5K
NUVA
906
DELISTED
NuVasive, Inc.
NUVA
$575K ﹤0.01%
13,133
-100
-0.8% -$4.85K
VSAT icon
907
Viasat
VSAT
$11.7B
$571K ﹤0.01%
18,884
– –
PZZA icon
908
Papa John's
PZZA
$785M
$568K ﹤0.01%
8,115
– –
LBTYK icon
909
Liberty Global Class C
LBTYK
$3.41B
$567K ﹤0.01%
34,350
– –
IBOC icon
910
International Bancshares
IBOC
$4.53B
$566K ﹤0.01%
13,312
-200
-1% -$8.53K
WERN icon
911
Werner Enterprises
WERN
$2.2B
$560K ﹤0.01%
14,898
-200
-1% -$8.15K
ENOV icon
912
Enovis
ENOV
$1.4B
$553K ﹤0.01%
12,002
– –
KBH icon
913
KB Home
KBH
$3.47B
$553K ﹤0.01%
21,338
-700
-3% -$21K
VSXY
914
Victoria's Secret
VSXY
$7.95B
$547K ﹤0.01%
18,782
+1,541
+9% +$51.9K
GHC icon
915
Graham Holdings Company
GHC
$4.99B
$544K ﹤0.01%
1,012
– –
NGVT icon
916
Ingevity
NGVT
$2.65B
$544K ﹤0.01%
8,973
-900
-9% -$60.4K
JBLU icon
917
JetBlue
JBLU
$2.13B
$541K ﹤0.01%
81,631
– –
CBRL icon
918
Cracker Barrel
CBRL
$1.25B
$534K ﹤0.01%
5,772
-100
-2% -$10.1K
PDCO
919
DELISTED
Patterson Companies, Inc.
PDCO
$524K ﹤0.01%
21,826
-300
-1% -$8.58K
NEU icon
920
NewMarket
NEU
$8.37B
$523K ﹤0.01%
1,737
– –
CNO icon
921
CNO Financial Group
CNO
$5.12B
$518K ﹤0.01%
28,851
-600
-2% -$11.1K
TEX icon
922
Terex
TEX
$7.58B
$509K ﹤0.01%
17,118
-500
-3% -$16.4K
NWS icon
923
News Corp Class B
NWS
$17.6B
$499K ﹤0.01%
32,345
-100
-0.3% -$1.71K
BLKB icon
924
Blackbaud
BLKB
$2.09B
$496K ﹤0.01%
11,248
-300
-3% -$16.2K
COKE icon
925
Coca-Cola Consolidated
COKE
$12.4B
$494K ﹤0.01%
+12,000
New +$590K
35 36
37
38 39

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.