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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
IBM icon
76
IBM
IBM
$222B
$34.4M 0.25%
289,786
+1,800
+0.6% +$236K
NKE icon
77
Nike
NKE
$62.1B
$34.4M 0.25%
414,015
-300
-0.1% -$32.3K
PAYC icon
78
Paycom
PAYC
$9.54B
$33.9M 0.25%
102,753
+89,100
+653% +$30.7M
FTNT icon
79
Fortinet
FTNT
$121B
$33.5M 0.25%
682,850
-3,000
-0.4% -$163K
PANW icon
80
Palo Alto Networks
PANW
$312B
$33.2M 0.24%
405,720
+145,920
+56% +$12.6M
UNP icon
81
Union Pacific
UNP
$174B
$32.9M 0.24%
169,045
-300
-0.2% -$66.4K
AMGN icon
82
Amgen
AMGN
$224B
$32.6M 0.24%
144,797
+700
+0.5% +$170K
LOW icon
83
Lowe's Companies
LOW
$122B
$32.5M 0.24%
172,970
-5,400
-3% -$1.05M
ANET icon
84
Arista Networks
ANET
$242B
$31.5M 0.23%
1,114,756
+188,000
+20% +$5.42M
ELV icon
85
Elevance Health
ELV
$86.3B
$31.5M 0.23%
69,251
-100
-0.1% -$47.8K
HON icon
86
Honeywell
HON
$77.1B
$30.4M 0.22%
193,436
-1,380
-0.7% -$240K
GS icon
87
Goldman Sachs
GS
$301B
$30.2M 0.22%
103,073
-42,300
-29% -$13.7M
NFLX icon
88
Netflix
NFLX
$315B
$30M 0.22%
1,272,490
-1,994,000
-61% -$44.3M
SCHW
89
Charles Schwab
SCHW
$189B
$29.7M 0.22%
413,266
+6,300
+2% +$437K
MDT icon
90
Medtronic
MDT
$114B
$29M 0.21%
359,598
-2,300
-0.6% -$207K
MS icon
91
Morgan Stanley
MS
$338B
$28.6M 0.21%
362,426
-15,100
-4% -$1.27M
LMT icon
92
Lockheed Martin
LMT
$140B
$27.9M 0.2%
72,118
– –
ADP icon
93
Automatic Data Processing
ADP
$108B
$27.1M 0.2%
120,003
-200
-0.2% -$47.2K
AMT icon
94
American Tower
AMT
$78.9B
$27M 0.2%
125,984
+700
+0.6% +$180K
PYPL icon
95
PayPal
PYPL
$50B
$26.9M 0.2%
312,992
-1,216
-0.4% -$108K
SBUX icon
96
Starbucks
SBUX
$120B
$26.2M 0.19%
310,559
+1,200
+0.4% +$102K
C icon
97
Citigroup
C
$227B
$25.8M 0.19%
619,836
+300
+0% +$14.8K
CI icon
98
Cigna
CI
$73.7B
$25.6M 0.19%
92,441
-3,000
-3% -$844K
DE icon
99
Deere & Co
DE
$163B
$25.1M 0.18%
75,257
-100
-0.1% -$34.3K
ORCL icon
100
Oracle
ORCL
$435B
$25.1M 0.18%
411,132
-13,600
-3% -$996K
2 3
4
5 6

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
Luther King Capital Management (LKCM)
Luther King Capital Management (LKCM) Fort Worth, Texas $23.1B AUM 21.31% 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

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.