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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
HIG icon
326
Hartford Financial Services
HIG
$39.3B
$6.24M 0.04%
95,341
+3,600
+4% +$252K
LH icon
327
Labcorp
LH
$25.9B
$6.21M 0.04%
30,831
+3,492
+13% +$744K
CNXC icon
328
Concentrix
CNXC
$1.57B
$6.2M 0.04%
45,691
+100
+0.2% +$15K
ETR icon
329
Entergy
ETR
$50B
$6.18M 0.04%
109,804
+8,400
+8% +$494K
EXR icon
330
Extra Space Storage
EXR
$31.6B
$6.17M 0.04%
36,279
+2,500
+7% +$463K
DRE
331
DELISTED
Duke Realty Corp.
DRE
$6.04M 0.04%
109,974
+6,400
+6% +$350K
EFX icon
332
Equifax
EFX
$21.4B
$6.03M 0.04%
32,978
+2,200
+7% +$440K
WTW icon
333
Willis Towers Watson
WTW
$32B
$5.94M 0.04%
30,092
-700
-2% -$150K
ZBH icon
334
Zimmer Biomet
ZBH
$18.4B
$5.94M 0.04%
56,515
+3,800
+7% +$451K
BALL icon
335
Ball Corp
BALL
$16.8B
$5.93M 0.04%
86,301
+4,700
+6% +$357K
GWW icon
336
W.W. Grainger
GWW
$60.2B
$5.92M 0.04%
13,017
+500
+4% +$243K
FE icon
337
FirstEnergy
FE
$27.5B
$5.91M 0.04%
154,044
+10,200
+7% +$435K
LUV icon
338
Southwest Airlines
LUV
$23B
$5.88M 0.04%
162,703
+13,200
+9% +$567K
ARE icon
339
Alexandria Real Estate Equities
ARE
$8.56B
$5.8M 0.04%
40,018
+3,300
+9% +$560K
CDW icon
340
CDW
CDW
$17B
$5.74M 0.04%
36,445
-500
-1% -$84.1K
NRG icon
341
NRG Energy
NRG
$24.8B
$5.74M 0.04%
150,348
+77,000
+105% +$3.15M
BBY icon
342
Best Buy
BBY
$17.3B
$5.7M 0.04%
87,403
+1,100
+1% +$91.7K
BROS icon
343
Dutch Bros
BROS
$9.26B
$5.7M 0.04%
+180,000
New +$7.38M
MAA icon
344
Mid-America Apartment Communities
MAA
$15.7B
$5.69M 0.04%
32,599
+1,500
+5% +$279K
MKC icon
345
McCormick & Company Non-Voting
MKC
$14.2B
$5.63M 0.04%
67,610
+4,600
+7% +$436K
ANSS
346
DELISTED
Ansys
ANSS
$5.6M 0.04%
23,411
+1,400
+6% +$370K
STE icon
347
Steris
STE
$23.1B
$5.58M 0.04%
27,048
+1,800
+7% +$406K
TTWO icon
348
Take-Two Interactive
TTWO
$46.1B
$5.54M 0.04%
45,244
+13,000
+40% +$1.65M
VTR icon
349
Ventas
VTR
$47.9B
$5.54M 0.04%
107,805
+200
+0.2% +$11.2K
TWST icon
350
Twist Bioscience
TWST
$7.25B
$5.47M 0.04%
156,529
+3,357
+2% +$119K
12 13
14
15 16

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.