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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
WAFD icon
926
WaFd
WAFD
$2.76B
$493K ﹤0.01%
16,457
-200
-1% -$6.48K
PEB icon
927
Pebblebrook Hotel Trust
PEB
$2B
$481K ﹤0.01%
33,151
-300
-0.9% -$5.4K
JWN
928
DELISTED
Nordstrom
JWN
$474K ﹤0.01%
28,308
-100
-0.4% -$2.09K
SSNC icon
929
SS&C Technologies
SSNC
$18.7B
$471K ﹤0.01%
9,870
– –
EQH icon
930
Equitable Holdings
EQH
$14.4B
$469K ﹤0.01%
17,786
– –
SMTC icon
931
Semtech
SMTC
$12.2B
$469K ﹤0.01%
15,957
-200
-1% -$9.37K
JBGS
932
JBG SMITH
JBGS
$653M
$466K ﹤0.01%
25,078
-2,600
-9% -$59.6K
GAP
933
The Gap Inc
GAP
$7.74B
$442K ﹤0.01%
53,830
+200
+0.4% +$1.88K
SMG icon
934
ScottsMiracle-Gro
SMG
$3.63B
$436K ﹤0.01%
10,200
-100
-1% -$7.18K
AMKR icon
935
Amkor Technology
AMKR
$13.1B
$432K ﹤0.01%
25,349
-200
-0.8% -$3.85K
MAC icon
936
Macerich
MAC
$6.9B
$430K ﹤0.01%
54,179
-400
-0.7% -$3.88K
SABR icon
937
Sabre
SABR
$835M
$426K ﹤0.01%
82,704
-300
-0.4% -$2K
NUS icon
938
Nu Skin
NUS
$250M
$425K ﹤0.01%
12,747
– –
KMT icon
939
Kennametal
KMT
$2.41B
$422K ﹤0.01%
20,493
-500
-2% -$12.1K
ENR icon
940
Energizer
ENR
$1.5B
$418K ﹤0.01%
16,639
– –
NAVI icon
941
Navient
NAVI
$796M
$409K ﹤0.01%
27,871
-9,700
-26% -$148K
WLY icon
942
John Wiley & Sons Class A
WLY
$2.62B
$408K ﹤0.01%
10,852
-200
-2% -$9.5K
GEF icon
943
Greif
GEF
$4.97B
$401K ﹤0.01%
6,739
– –
BFH icon
944
Bread Financial
BFH
$4.38B
$395K ﹤0.01%
12,557
-100
-0.8% -$3.92K
ALLY icon
945
Ally Financial
ALLY
$13.3B
$389K ﹤0.01%
13,964
– –
OPEN icon
946
Opendoor
OPEN
$3.38B
$387K ﹤0.01%
+128,706
New +$591K
ESAB icon
947
ESAB
ESAB
$5.32B
$384K ﹤0.01%
11,502
-100
-0.9% -$4.1K
KD icon
948
Kyndryl
KD
$2.97B
$378K ﹤0.01%
45,717
– –
XRX icon
949
Xerox
XRX
$427M
$370K ﹤0.01%
28,256
-2,100
-7% -$34K
DAN icon
950
Dana Inc
DAN
$3.21B
$367K ﹤0.01%
32,113
-4,300
-12% -$65.2K
36 37
38
39 40

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.