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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
-15.09%
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
$14.6B
AUM Growth
-$2.69B
Cap. Flow
+$69.6M
Cap. Flow %
0.48%
Top 10 Hldgs %
34.2%
Holding
989
New
41
Increased
604
Reduced
232
Closed
19

Top Buys

Rank Stock Value
1
APO icon
Apollo Global Management
APO
+$244M
2
TDOC icon
Teladoc Health
TDOC
+$157M
3
WBD icon
Warner Bros
WBD
+$106M
4
NFLX icon
Netflix
NFLX
+$47.6M
5
OMF icon
OneMain Financial
OMF
+$40.2M

Top Sells

Rank Stock Value
1
AGG icon
iShares Core US Aggregate Bond ETF
AGG
+$299M
2
BMY icon
Bristol-Myers Squibb
BMY
+$244M
3
T icon
AT&T
T
+$224M
4
META icon
Meta Platforms (Facebook)
META
+$118M
5
FTAI icon
FTAI Aviation
FTAI
+$97.3M

Sector Composition

Rank Sector Weight
1 Technology 20.78%
2 Healthcare 11.81%
3 Communication Services 11.4%
4 Financials 11.21%
5 Consumer Discretionary 7.96%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
OTIS icon
276
Otis Worldwide
OTIS
$28.2B
$8.06M 0.06%
114,007
+6,800
+6% +$501K
HES
277
DELISTED
Hess
HES
$7.92M 0.05%
74,741
+5,200
+7% +$588K
ILMN icon
278
Illumina
ILMN
$28.4B
$7.9M 0.05%
44,060
+3,526
+9% +$900K
DXCM icon
279
DexCom
DXCM
$32B
$7.89M 0.05%
105,900
+8,100
+8% +$739K
ES icon
280
Eversource Energy
ES
$27.2B
$7.86M 0.05%
93,033
+6,300
+7% +$560K
GLW icon
281
Corning
GLW
$143B
$7.79M 0.05%
247,059
+10,900
+5% +$376K
NVEI
282
DELISTED
Nuvei Corporation Subordinate Voting Shares
NVEI
$7.73M 0.05%
+213,600
New +$11.1M
MTB icon
283
M&T Bank
MTB
$36.2B
$7.71M 0.05%
48,401
+15,932
+49% +$2.68M
AVB icon
284
AvalonBay Communities
AVB
$26.8B
$7.71M 0.05%
39,711
+1,800
+5% +$390K
HAL icon
285
Halliburton
HAL
$26.6B
$7.63M 0.05%
243,322
+16,700
+7% +$623K
DD icon
286
DuPont de Nemours
DD
$19.2B
$7.62M 0.05%
109,218
+3,107
+3% +$254K
LEN icon
287
Lennar Class A
LEN
$21.2B
$7.41M 0.05%
108,480
+4,648
+4% +$341K
VRSK icon
288
Verisk Analytics
VRSK
$25B
$7.38M 0.05%
42,656
+2,000
+5% +$373K
RSG icon
289
Republic Services
RSG
$65.7B
$7.35M 0.05%
56,187
+3,500
+7% +$460K
CTRA
290
DELISTED
Coterra Energy
CTRA
$7.31M 0.05%
283,359
+24,800
+10% +$752K
AWK icon
291
American Water Works
AWK
$26.9B
$7.3M 0.05%
49,097
+3,300
+7% +$503K
ATO icon
292
Atmos Energy
ATO
$28.8B
$7.29M 0.05%
65,010
-7,300
-10% -$836K
PPG icon
293
PPG Industries
PPG
$26.6B
$7.29M 0.05%
63,743
-2,404
-4% -$300K
BKR icon
294
Baker Hughes
BKR
$61.1B
$7.29M 0.05%
252,412
+24,000
+11% +$811K
ZM icon
295
Zoom
ZM
$30.6B
$7.19M 0.05%
66,581
+14,515
+28% +$1.53M
DFS
296
DELISTED
Discover Financial Services
DFS
$7.17M 0.05%
75,801
+3,100
+4% +$332K
ENPH icon
297
Enphase Energy
ENPH
$5.53B
$7.13M 0.05%
36,515
+2,700
+8% +$488K
EQR icon
298
Equity Residential
EQR
$25.1B
$7.09M 0.05%
98,225
+6,100
+7% +$484K
TSCO icon
299
Tractor Supply
TSCO
$18B
$7.07M 0.05%
182,335
+6,000
+3% +$244K
KDP icon
300
Keurig Dr Pepper
KDP
$40.8B
$7.04M 0.05%
+199,000
New +$7.22M
10 11
12
13 14

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 Q2 2022 Portfolio in Review

As of Q2 2022, State of Michigan Retirement System held 989 positions worth $14.6B, down 16% from $17.3B the previous quarter. Its ten largest holdings account for 34% of the portfolio.

State of Michigan Retirement System's Q2 2022 filing shows 41 new, 604 increased, 232 reduced and 19 closed positions. Its largest new stake was Apollo Global Management: 4,486,760 shares worth $218M. The largest sale was iShares Core US Aggregate Bond ETF, an estimated $299M.

By sector, the portfolio is most concentrated in Technology at 21% of assets, down from 22% a quarter earlier, followed by Healthcare and Communication Services.

  • State of Michigan Retirement System's largest Q2 2022 buy was Apollo Global Management: 4,486,760 shares worth $218M.
  • State of Michigan Retirement System added most to Warner Bros in Q2 2022, an estimated $106M increase.
  • State of Michigan Retirement System's biggest Q2 2022 reduction was iShares Core US Aggregate Bond ETF, cutting an estimated $299M.
  • State of Michigan Retirement System fully exited FTAI Aviation in Q2 2022, selling an estimated $97.3M.
  • State of Michigan Retirement System's ten largest holdings make up 34% of its $14.6B portfolio in Q2 2022.
  • State of Michigan Retirement System opened 41 new positions and closed 19 in Q2 2022.
  • State of Michigan Retirement System's portfolio value fell 16% quarter-over-quarter to $14.6B.

Based on State of Michigan Retirement System's 13F filing for Q2 2022, filed 8 Aug 2022.