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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
BIIB icon
201
Biogen
BIIB
$30.7B
$11.4M 0.08%
42,561
-1,129
-3% -$240K
ADSK icon
202
Autodesk
ADSK
$53.6B
$11.1M 0.08%
59,623
+100
+0.2% +$20.2K
PLNT icon
203
Planet Fitness
PLNT
$3.73B
$11.1M 0.08%
193,100
– –
CTVA icon
204
Corteva
CTVA
$51.6B
$11.1M 0.08%
194,510
-700
-0.4% -$40.8K
COF icon
205
Capital One
COF
$134B
$11M 0.08%
119,456
-2,200
-2% -$234K
AIG icon
206
American International
AIG
$41.1B
$11M 0.08%
231,667
-7,900
-3% -$415K
TEL icon
207
TE Connectivity
TEL
$62.5B
$10.8M 0.08%
97,923
-400
-0.4% -$49.8K
HCA icon
208
HCA Healthcare
HCA
$89.8B
$10.7M 0.08%
58,309
-3,100
-5% -$618K
GPN icon
209
Global Payments
GPN
$22.6B
$10.7M 0.08%
98,778
-1,000
-1% -$123K
KMI icon
210
Kinder Morgan
KMI
$69.2B
$10.6M 0.08%
635,885
+10,400
+2% +$185K
FCX icon
211
Freeport-McMoran
FCX
$99.1B
$10.6M 0.08%
387,033
-4,000
-1% -$117K
PSX icon
212
Phillips 66
PSX
$84.5B
$10.5M 0.08%
130,212
+500
+0.4% +$42.6K
MAR icon
213
Marriott International
MAR
$90.7B
$10.5M 0.08%
74,636
+400
+0.5% +$61.1K
A icon
214
Agilent Technologies
A
$41.8B
$10.4M 0.08%
85,581
-100
-0.1% -$12.8K
PAYX icon
215
Paychex
PAYX
$42.7B
$10.3M 0.08%
92,077
– –
ROP icon
216
Roper Technologies
ROP
$39.6B
$10.3M 0.08%
28,711
+200
+0.7% +$81.4K
KMB icon
217
Kimberly-Clark
KMB
$36.1B
$10.3M 0.08%
91,416
+500
+0.5% +$65K
O icon
218
Realty Income
O
$58.1B
$10.2M 0.08%
175,304
+4,900
+3% +$338K
ENPH icon
219
Enphase Energy
ENPH
$5.4B
$10.2M 0.07%
36,615
+100
+0.3% +$27K
JCI icon
220
Johnson Controls International
JCI
$92.1B
$10.1M 0.07%
206,142
-1,200
-0.6% -$63.6K
MSI icon
221
Motorola Solutions
MSI
$75.8B
$10.1M 0.07%
45,208
+100
+0.2% +$23.6K
NUE icon
222
Nucor
NUE
$62.6B
$10.1M 0.07%
94,010
-900
-0.9% -$113K
EXC icon
223
Exelon
EXC
$45.9B
$10.1M 0.07%
268,403
+3,900
+1% +$172K
SSYS icon
224
Stratasys
SSYS
$769M
$10.1M 0.07%
697,503
– –
CTAS icon
225
Cintas
CTAS
$81B
$9.95M 0.07%
102,572
-800
-0.8% -$81.7K
7 8
9
10 11

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.