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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
(-6.7%)
Cap. Flow
-$85M
Cap. Flow
% of AUM
-0.62%
Top 10 Holdings %
Top 10 Hldgs %
33.68%
Holding
987
New
17
Increased
290
Reduced
538
Closed
21
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Verizon
VZ
|
+$154M |
| 2 |
OneMain Financial
OMF
|
+$45.6M |
| 3 |
Paycom
PAYC
|
+$30.7M |
| 4 |
Visa
V
|
+$21.6M |
| 5 |
EXAS
Exact Sciences
EXAS
|
+$15.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Meta Platforms (Facebook)
META
|
+$87.6M |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$59.3M |
| 3 |
Apollo Global Management
APO
|
+$50.3M |
| 4 |
Netflix
NFLX
|
+$44.3M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
976
10x Genomics
TXG
$7.44B
| – | – |
-4,510
| Closed | -$204K |
|
|
NVEI
977
DELISTED
Nuvei Corporation Subordinate Voting Shares
NVEI
| – | – |
-213,600
| Closed | -$7.73M |
|
|
SIX
978
DELISTED
Six Flags Entertainment Corp.
SIX
| – | – |
-19,744
| Closed | -$428K |
|
|
CTXS
979
DELISTED
Citrix Systems Inc
CTXS
| – | – |
-33,664
| Closed | -$3.27M |
|
|
SAIL
980
DELISTED
SailPoint Technologies Holdings, Inc. Common Stock
SAIL
| – | – |
-23,974
| Closed | -$1.5M |
|
|
ACC
981
DELISTED
American Campus Communities, Inc.
ACC
| – | – |
-35,524
| Closed | -$2.29M |
|
|
SAFM
982
DELISTED
Sanderson Farms Inc
SAFM
| – | – |
-5,386
| Closed | -$1.16M |
|
|
PSB
983
DELISTED
PS Business Parks, Inc.
PSB
| – | – |
-5,106
| Closed | -$956K |
|
|
CDK
984
DELISTED
CDK Global, Inc.
CDK
| – | – |
-29,734
| Closed | -$1.63M |
|
|
COHR
985
DELISTED
Coherent Inc
COHR
| – | – |
-6,288
| Closed | -$1.67M |
|
|
CCMP
986
DELISTED
CMC Materials, Inc. Common Stock
CCMP
| – | – |
-7,254
| Closed | -$1.27M |
|
|
HR
987
DELISTED
Healthcare Realty Trust Incorporated
HR
| – | – |
-38,553
| Closed | -$1.05M |
|
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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.