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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
LNT icon
426
Alliant Energy
LNT
$17.7B
$3.97M 0.03%
67,759
-56,280
-45% -$3.4M
AKAM icon
427
Akamai
AKAM
$17B
$3.95M 0.03%
43,289
+2,300
+6% +$240K
BX icon
428
Blackstone
BX
$112B
$3.95M 0.03%
43,300
-3,800
-8% -$410K
GNRC icon
429
Generac Holdings
GNRC
$12.4B
$3.94M 0.03%
18,716
-74,400
-80% -$18.3M
TRMB icon
430
Trimble
TRMB
$13.8B
$3.93M 0.03%
67,523
+4,200
+7% +$276K
KMX icon
431
CarMax
KMX
$8.45B
$3.92M 0.03%
43,348
+2,500
+6% +$235K
EXPE icon
432
Expedia Group
EXPE
$37.1B
$3.88M 0.03%
40,964
+3,000
+8% +$425K
SPTM icon
433
State Street SPDR Portfolio S&P 1500 Composite Stock Market ETF
SPTM
$14.1B
$3.86M 0.03%
+83,074
New +$4.19M
CPT icon
434
Camden Property Trust
CPT
$11B
$3.86M 0.03%
28,700
+2,757
+11% +$409K
WRB icon
435
W.R. Berkley
WRB
$26.3B
$3.86M 0.03%
84,819
+5,550
+7% +$252K
INCY icon
436
Incyte
INCY
$24.7B
$3.86M 0.03%
50,759
+3,300
+7% +$251K
VFC icon
437
VF Corp
VFC
$5.89B
$3.85M 0.03%
87,146
+5,700
+7% +$286K
BF.B icon
438
Brown-Forman Class B
BF.B
$12.9B
$3.85M 0.03%
54,797
+700
+1% +$46.9K
PAYC icon
439
Paycom
PAYC
$9.54B
$3.82M 0.03%
13,653
+700
+5% +$207K
IRM icon
440
Iron Mountain
IRM
$36B
$3.82M 0.03%
78,446
-5,898
-7% -$310K
DPZ icon
441
Domino's
DPZ
$11.5B
$3.81M 0.03%
9,780
+600
+7% +$222K
DRI icon
442
Darden Restaurants
DRI
$24.6B
$3.8M 0.03%
33,612
+1,400
+4% +$175K
XYL icon
443
Xylem
XYL
$28.5B
$3.8M 0.03%
48,575
+3,100
+7% +$256K
CHRW icon
444
C.H. Robinson
CHRW
$17.4B
$3.8M 0.03%
37,448
-100
-0.3% -$10.4K
AES icon
445
AES
AES
$10.5B
$3.79M 0.03%
180,195
+12,000
+7% +$262K
LUMN icon
446
Lumen
LUMN
$6.87B
$3.78M 0.03%
346,876
-17,200
-5% -$193K
DOC icon
447
Healthpeak Properties
DOC
$14.5B
$3.77M 0.03%
145,493
+9,400
+7% +$285K
TAP icon
448
Molson Coors Class B
TAP
$7.88B
$3.75M 0.03%
68,770
-1,300
-2% -$69.8K
IEX icon
449
IDEX
IEX
$17.2B
$3.74M 0.03%
20,580
+1,400
+7% +$264K
TYL icon
450
Tyler Technologies
TYL
$13B
$3.74M 0.03%
11,237
+900
+9% +$330K
16 17
18
19 20

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 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.