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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
ISRG icon
101
Intuitive Surgical
ISRG
$138B
$24.3M 0.18%
129,553
-200
-0.2% -$43K
CAT icon
102
Caterpillar
CAT
$386B
$23.4M 0.17%
142,872
-1,000
-0.7% -$183K
XLV icon
103
State Street Health Care Select Sector SPDR ETF
XLV
$43.8B
$23.3M 0.17%
191,988
+13,400
+8% +$1.73M
AMAT icon
104
Applied Materials
AMAT
$420B
$23.1M 0.17%
282,155
-2,900
-1% -$280K
TGT icon
105
Target
TGT
$69.1B
$23.1M 0.17%
155,558
+800
+0.5% +$128K
EW icon
106
Edwards Lifesciences
EW
$53.1B
$23.1M 0.17%
278,951
+100
+0% +$9.62K
ICE icon
107
Intercontinental Exchange
ICE
$85.2B
$23M 0.17%
254,642
+500
+0.2% +$50.1K
GILD icon
108
Gilead Sciences
GILD
$166B
$23M 0.17%
372,043
+800
+0.2% +$50.4K
BLK icon
109
Blackrock
BLK
$175B
$22.4M 0.16%
40,771
+2,300
+6% +$1.51M
MO icon
110
Altria Group
MO
$111B
$22.3M 0.16%
552,410
-1,100
-0.2% -$48K
AXP icon
111
American Express
AXP
$228B
$21.9M 0.16%
162,377
-2,200
-1% -$333K
TMUS icon
112
T-Mobile US
TMUS
$189B
$21.9M 0.16%
162,941
+4,000
+3% +$562K
REGN icon
113
Regeneron Pharmaceuticals
REGN
$82.7B
$21.7M 0.16%
31,497
-100
-0.3% -$62.9K
PLD icon
114
Prologis
PLD
$131B
$21.5M 0.16%
211,891
+700
+0.3% +$86.8K
VRTX icon
115
Vertex Pharmaceuticals
VRTX
$135B
$21.3M 0.16%
73,423
+400
+0.5% +$115K
EOG icon
116
EOG Resources
EOG
$74.2B
$21.2M 0.16%
189,530
+700
+0.4% +$78.6K
AMRS
117
DELISTED
Amyris Inc.
AMRS
$21M 0.15%
7,195,000
+650,000
+10% +$1.77M
MBB icon
118
iShares MBS ETF
MBB
$39B
$20.7M 0.15%
225,800
– –
NOW icon
119
ServiceNow
NOW
$132B
$20.6M 0.15%
273,275
-272,500
-50% -$24.5M
DAVA icon
120
Endava
DAVA
$156M
$20.6M 0.15%
255,800
– –
CB icon
121
Chubb
CB
$134B
$20.6M 0.15%
112,987
-1,300
-1% -$247K
MDLZ icon
122
Mondelez International
MDLZ
$78.4B
$20.3M 0.15%
370,970
-2,400
-0.6% -$149K
MU icon
123
Micron Technology
MU
$995B
$20.3M 0.15%
405,514
-2,700
-0.7% -$157K
MRSH
124
Marsh
MRSH
$91B
$20.2M 0.15%
135,075
-300
-0.2% -$48.1K
ZTS icon
125
Zoetis
ZTS
$30.4B
$20M 0.15%
135,064
-300
-0.2% -$50.1K
3 4
5
6 7

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.