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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
CNC icon
176
Centene
CNC
$33B
$13.2M 0.1%
169,927
-3,100
-2% -$277K
SHW icon
177
Sherwin-Williams
SHW
$88.1B
$13.1M 0.1%
63,856
-700
-1% -$166K
MCO icon
178
Moody's
MCO
$83B
$13M 0.1%
53,506
-600
-1% -$174K
ICLR icon
179
Icon
ICLR
$12.7B
$12.8M 0.09%
69,670
– –
SRE icon
180
Sempra
SRE
$55.4B
$12.8M 0.09%
170,120
+400
+0.2% +$32.4K
CDNS icon
181
Cadence Design Systems
CDNS
$93.2B
$12.7M 0.09%
77,923
-300
-0.4% -$51.6K
SNPS icon
182
Synopsys
SNPS
$80B
$12.7M 0.09%
41,427
+100
+0.2% +$33.9K
FAST icon
183
Fastenal
FAST
$59.6B
$12.6M 0.09%
548,956
+600
+0.1% +$15.1K
KLAC icon
184
KLA
KLAC
$254B
$12.5M 0.09%
414,200
-19,000
-4% -$658K
OXY icon
185
Occidental Petroleum
OXY
$58B
$12.4M 0.09%
201,639
-38,600
-16% -$2.47M
GIS icon
186
General Mills
GIS
$19.8B
$12.3M 0.09%
161,202
-1,200
-0.7% -$91.5K
MET icon
187
MetLife
MET
$62.2B
$12.3M 0.09%
201,756
-5,200
-3% -$332K
ZM icon
188
Zoom
ZM
$31B
$12.2M 0.09%
166,066
+99,485
+149% +$9.47M
ORLY icon
189
O'Reilly Automotive
ORLY
$75.6B
$12.1M 0.09%
258,945
-6,000
-2% -$280K
LHX icon
190
L3Harris
LHX
$54.6B
$12.1M 0.09%
58,130
-300
-0.5% -$69.2K
AEP icon
191
American Electric Power
AEP
$66.9B
$12M 0.09%
139,058
+500
+0.4% +$49.4K
CPRT icon
192
Copart
CPRT
$27.2B
$12M 0.09%
450,976
+400
+0.1% +$11.9K
TWTR
193
DELISTED
Twitter, Inc.
TWTR
$11.9M 0.09%
271,638
-103,800
-28% -$4.23M
NXPI icon
194
NXP Semiconductors
NXPI
$59.1B
$11.8M 0.09%
79,768
+200
+0.3% +$33.5K
EMR icon
195
Emerson Electric
EMR
$88.5B
$11.7M 0.09%
160,020
-200
-0.1% -$16.6K
MRNA icon
196
Moderna
MRNA
$23.9B
$11.7M 0.09%
99,041
-2,300
-2% -$349K
FDX icon
197
FedEx
FDX
$76.6B
$11.5M 0.08%
77,267
+300
+0.4% +$63.3K
VLO icon
198
Valero Energy
VLO
$89.8B
$11.4M 0.08%
106,662
-3,300
-3% -$363K
ODFL icon
199
Old Dominion Freight Line
ODFL
$44.4B
$11.4M 0.08%
91,588
– –
AZO icon
200
AutoZone
AZO
$50.3B
$11.4M 0.08%
5,306
-100
-2% -$218K
6 7
8
9 10

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.