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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
TJX icon
126
TJX Companies
TJX
$177B
$19.7M 0.14%
317,082
+300
+0.1% +$18.8K
APH icon
127
Amphenol
APH
$209B
$19.7M 0.14%
588,074
-200
-0% -$7.26K
ADI icon
128
Analog Devices
ADI
$188B
$19.6M 0.14%
140,655
-500
-0.4% -$79.1K
SO icon
129
Southern Company
SO
$105B
$19.6M 0.14%
287,723
+1,100
+0.4% +$83.3K
DUK icon
130
Duke Energy
DUK
$95B
$19.4M 0.14%
208,436
+700
+0.3% +$75.2K
FISV
131
Fiserv Inc
FISV
$27.5B
$18.5M 0.14%
198,206
+16,200
+9% +$1.65M
NOC icon
132
Northrop Grumman
NOC
$82.1B
$18.5M 0.14%
39,318
-100
-0.3% -$47.6K
SYK icon
133
Stryker
SYK
$131B
$18.5M 0.14%
91,099
+200
+0.2% +$42.1K
GM icon
134
General Motors
GM
$77.8B
$18.4M 0.14%
573,508
+1,300
+0.2% +$47.7K
PGR icon
135
Progressive
PGR
$125B
$18.4M 0.14%
158,288
+500
+0.3% +$60.2K
GE icon
136
GE Aerospace
GE
$381B
$18.4M 0.14%
476,329
-161
-0% -$7.08K
BA icon
137
Boeing
BA
$186B
$18.3M 0.13%
151,096
+1,100
+0.7% +$169K
MMM icon
138
3M
MMM
$93.7B
$18.1M 0.13%
195,552
-4,784
-2% -$525K
BKNG icon
139
Booking.com
BKNG
$158B
$17.7M 0.13%
268,975
-5,000
-2% -$376K
F icon
140
Ford
F
$55.9B
$17.2M 0.13%
1,538,279
+3,400
+0.2% +$47.6K
CME icon
141
CME Group
CME
$95.8B
$17.2M 0.13%
97,244
+300
+0.3% +$59.3K
BDX icon
142
Becton Dickinson
BDX
$48.5B
$17.2M 0.13%
77,188
+300
+0.4% +$74.7K
CCI icon
143
Crown Castle
CCI
$31.4B
$16.9M 0.12%
117,252
+400
+0.3% +$68.5K
HUM icon
144
Humana
HUM
$46.4B
$16.6M 0.12%
34,225
+100
+0.3% +$48.6K
PNC icon
145
PNC Financial Services
PNC
$100B
$16.6M 0.12%
110,956
-600
-0.5% -$97.2K
EXAS
146
DELISTED
Exact Sciences
EXAS
$16.5M 0.12%
507,204
+375,000
+284% +$15.5M
WM icon
147
Waste Management
WM
$90.4B
$16.3M 0.12%
101,788
-1,300
-1% -$215K
MPC icon
148
Marathon Petroleum
MPC
$87.8B
$16M 0.12%
161,026
-11,000
-6% -$1.03M
CL icon
149
Colgate-Palmolive
CL
$74.3B
$15.9M 0.12%
225,729
-400
-0.2% -$31.4K
SLB icon
150
SLB Ltd
SLB
$77.7B
$15.9M 0.12%
441,638
+1,500
+0.3% +$54.4K
4 5
6
7 8

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.