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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
MELI icon
301
Mercado Libre
MELI
$92.3B
$7.01M 0.05%
11,000
+5,500
+100% +$4.79M
MTD icon
302
Mettler-Toledo International
MTD
$28.6B
$7M 0.05%
6,096
+300
+5% +$377K
FRC
303
DELISTED
First Republic Bank
FRC
$6.98M 0.05%
48,423
+3,200
+7% +$480K
SLP icon
304
Simulations Plus
SLP
$371M
$6.88M 0.05%
139,500
+21,300
+18% +$1.01M
AME icon
305
Ametek
AME
$58.2B
$6.85M 0.05%
62,353
+4,000
+7% +$486K
ULTA icon
306
Ulta Beauty
ULTA
$24.3B
$6.77M 0.05%
17,553
+800
+5% +$318K
ON icon
307
ON Semiconductor
ON
$31.6B
$6.76M 0.05%
134,436
+114,400
+571% +$6.37M
OKE icon
308
Oneok
OKE
$54.5B
$6.68M 0.05%
120,381
+7,900
+7% +$512K
FITB
309
Fifth Third Bancorp
FITB
$51.8B
$6.67M 0.05%
198,516
+11,400
+6% +$428K
ROST icon
310
Ross Stores
ROST
$81.9B
$6.66M 0.05%
94,856
+5,700
+6% +$508K
CEG icon
311
Constellation Energy
CEG
$95.6B
$6.64M 0.05%
+115,927
New +$6.97M
FANG icon
312
Diamondback Energy
FANG
$52.7B
$6.63M 0.05%
54,763
+5,400
+11% +$740K
DTE icon
313
DTE Energy
DTE
$29.1B
$6.63M 0.05%
52,277
+3,400
+7% +$443K
ALB icon
314
Albemarle
ALB
$15.5B
$6.61M 0.05%
31,607
+2,100
+7% +$468K
PPL
315
PPL Corp
PPL
$26.7B
$6.54M 0.04%
241,248
+24,300
+11% +$698K
STT icon
316
State Street
STT
$50.7B
$6.53M 0.04%
105,928
+13,600
+15% +$962K
APTV icon
317
Aptiv
APTV
$10.3B
$6.51M 0.04%
73,149
+4,900
+7% +$500K
CHD icon
318
Church & Dwight Co
CHD
$24.5B
$6.51M 0.04%
70,291
+2,000
+3% +$189K
EIX icon
319
Edison International
EIX
$26.4B
$6.51M 0.04%
102,912
-2,342
-2% -$159K
WST icon
320
West Pharmaceutical
WST
$24.9B
$6.46M 0.04%
21,356
+600
+3% +$195K
HPE icon
321
Hewlett Packard
HPE
$70.5B
$6.31M 0.04%
475,981
+100
+0% +$1.52K
AEE icon
322
Ameren
AEE
$30.1B
$6.3M 0.04%
69,687
+4,700
+7% +$435K
EBAY icon
323
eBay
EBAY
$49.8B
$6.29M 0.04%
151,028
-7,100
-4% -$346K
SIVB
324
DELISTED
SVB Financial Group
SIVB
$6.29M 0.04%
15,920
-1,876
-11% -$884K
ROK icon
325
Rockwell Automation
ROK
$49B
$6.26M 0.04%
31,413
-2,468
-7% -$557K
11 12
13
14 15

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.