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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
ITW icon
151
Illinois Tool Works
ITW
$83.7B
$15.7M 0.12%
86,936
-200
-0.2% -$39.5K
TFC icon
152
Truist Financial
TFC
$63.4B
$15.6M 0.11%
358,943
-500
-0.1% -$24.1K
PXD
153
DELISTED
Pioneer Natural Resource Co.
PXD
$15.6M 0.11%
72,177
+3,900
+6% +$891K
D icon
154
Dominion Energy
D
$58.6B
$15.6M 0.11%
225,367
+6,400
+3% +$517K
CSX icon
155
CSX Corp
CSX
$93.2B
$15.4M 0.11%
579,484
-7,100
-1% -$221K
TSM icon
156
TSMC
TSM
$2.19T
$15.4M 0.11%
224,600
– –
AON icon
157
Aon
AON
$75.6B
$15.3M 0.11%
57,058
-300
-0.5% -$84.8K
ATVI
158
DELISTED
Activision Blizzard
ATVI
$15.2M 0.11%
204,621
-18,300
-8% -$1.43M
EL icon
159
Estee Lauder
EL
$31.2B
$15.2M 0.11%
70,338
+100
+0.1% +$25.5K
BABA icon
160
Alibaba
BABA
$309B
$15.1M 0.11%
189,250
-3,331
-2% -$317K
PSA icon
161
Public Storage
PSA
$60.3B
$15.1M 0.11%
51,631
+1,500
+3% +$488K
FIS icon
162
Fidelity National Information Services
FIS
$21.6B
$15.1M 0.11%
199,225
-300
-0.2% -$27.9K
BSX icon
163
Boston Scientific
BSX
$73B
$15M 0.11%
387,508
+1,800
+0.5% +$72.2K
USB icon
164
US Bancorp
USB
$99.7B
$14.8M 0.11%
365,982
-98,800
-21% -$4.57M
DG icon
165
Dollar General
DG
$27B
$14.7M 0.11%
61,454
-300
-0.5% -$74K
LRCX icon
166
Lam Research
LRCX
$388B
$14.6M 0.11%
398,800
-4,000
-1% -$178K
ETN icon
167
Eaton
ETN
$174B
$14.4M 0.11%
107,756
+200
+0.2% +$28K
GD icon
168
General Dynamics
GD
$107B
$14.2M 0.1%
66,800
-1,400
-2% -$316K
DVN icon
169
Devon Energy
DVN
$49.1B
$14.1M 0.1%
235,157
+11,600
+5% +$721K
FDS icon
170
Factset
FDS
$10.2B
$14M 0.1%
35,095
– –
EQIX icon
171
Equinix
EQIX
$102B
$14M 0.1%
24,617
– –
APD icon
172
Air Products & Chemicals
APD
$68.1B
$14M 0.1%
60,021
+200
+0.3% +$49.5K
IDXX icon
173
Idexx Laboratories
IDXX
$46.1B
$13.8M 0.1%
42,455
-200
-0.5% -$73.5K
ADM icon
174
Archer Daniels Midland
ADM
$38B
$13.5M 0.1%
167,241
– –
NSC icon
175
Norfolk Southern
NSC
$75.7B
$13.3M 0.1%
63,590
-700
-1% -$168K
5 6
7
8 9

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
AM
AGF Management Toronto, Ontario, Canada $22.3B AUM 46.42% 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

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.