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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
VEEV icon
951
Veeva Systems
VEEV
$38.1B
$346K ﹤0.01%
2,100
– –
VICR icon
952
Vicor
VICR
$9.63B
$334K ﹤0.01%
5,644
+200
+4% +$13.2K
UAA icon
953
Under Armour
UAA
$2.5B
$317K ﹤0.01%
47,600
-400
-0.8% -$3.5K
SITM icon
954
SiTime
SITM
$20.7B
$315K ﹤0.01%
4,000
– –
UA icon
955
Under Armour Class C
UA
$2.42B
$300K ﹤0.01%
50,300
-1,300
-3% -$10.2K
MLKN icon
956
MillerKnoll
MLKN
$1.64B
$298K ﹤0.01%
19,128
-100
-0.5% -$2.75K
ERIE icon
957
Erie Indemnity
ERIE
$13.2B
$296K ﹤0.01%
1,332
– –
WOR icon
958
Worthington Enterprises
WOR
$2.79B
$289K ﹤0.01%
12,285
-973
-7% -$29.8K
RUBY
959
DELISTED
Rubius Therapeutics, Inc
RUBY
$278K ﹤0.01%
640,000
-17,738
-3% -$13.3K
PPC icon
960
Pilgrim's Pride
PPC
$6.31B
$264K ﹤0.01%
11,471
-800
-7% -$23.1K
UHAL icon
961
U-Haul Holding Co
UHAL
$14.4B
$258K ﹤0.01%
5,060
– –
DMTK
962
DELISTED
DermTech, Inc. Common Stock
DMTK
$238K ﹤0.01%
60,000
– –
TEAD
963
Teads Holding Co
TEAD
$64.5M
$217K ﹤0.01%
+59,561
New +$289K
LBTYA icon
964
Liberty Global Class A
LBTYA
$3.46B
$192K ﹤0.01%
12,338
– –
SHC icon
965
Sotera Health
SHC
$5.41B
$171K ﹤0.01%
25,000
-200
-0.8% -$3.33K
CLVT icon
966
Clarivate
CLVT
$1.21B
$103K ﹤0.01%
10,982
– –
AEO icon
967
American Eagle Outfitters
AEO
$3.07B
– –
-39,152
Closed -$438K
HAIN icon
968
Hain Celestial
HAIN
$53.4M
– –
-22,884
Closed -$543K
HPP
969
Hudson Pacific Properties
HPP
$740M
– –
-5,258
Closed -$546K
MCY icon
970
Mercury Insurance
MCY
$5.92B
– –
-6,747
Closed -$299K
MTX icon
971
Minerals Technologies
MTX
$2.32B
– –
-8,351
Closed -$512K
RBLX icon
972
Roblox
RBLX
$26.5B
– –
-20,282
Closed -$666K
RKLB icon
973
Rocket Lab Corp
RKLB
$50B
– –
-424,010
Closed -$1.61M
SPTM icon
974
State Street SPDR Portfolio S&P 1500 Composite Stock Market ETF
SPTM
$14.1B
– –
-83,074
Closed -$3.86M
ST icon
975
Sensata Technologies
ST
$6.66B
– –
-5,320
Closed -$220K
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.