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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
BMY icon
26
Bristol-Myers Squibb
BMY
$132B
$89.5M 0.61%
1,162,433
-3,203,000
-73% -$244M
JPM icon
27
JPMorgan Chase
JPM
$950B
$89.3M 0.61%
792,731
+47,300
+6% +$5.86M
TMO icon
28
Thermo Fisher Scientific
TMO
$220B
$87.8M 0.6%
161,610
+2,200
+1% +$1.21M
RITM icon
29
Rithm Capital
RITM
$5.69B
$78.5M 0.54%
8,423,321
+18,587
+0.2% +$195K
ABBV icon
30
AbbVie
ABBV
$435B
$78.1M 0.54%
510,032
+18,800
+4% +$2.87M
WBD icon
31
Warner Bros
WBD
$67.1B
$77.8M 0.53%
5,799,906
+5,737,881
+9,251% +$106M
CVX icon
32
Chevron
CVX
$366B
$76.8M 0.53%
530,115
+43,900
+9% +$7.26M
LLY icon
33
Eli Lilly
LLY
$1.06T
$75.7M 0.52%
233,404
+6,100
+3% +$1.83M
AVGO icon
34
Broadcom
AVGO
$2.04T
$72.3M 0.5%
1,488,660
+114,000
+8% +$6.4M
KO icon
35
Coca-Cola
KO
$375B
$71.3M 0.49%
1,132,948
+152,400
+16% +$9.66M
IJH icon
36
iShares Core S&P Mid-Cap ETF
IJH
$127B
$67.6M 0.46%
1,494,560
+153,750
+11% +$7.59M
MSCI icon
37
MSCI
MSCI
$40.9B
$67.3M 0.46%
163,402
+3,900
+2% +$1.7M
MRK icon
38
Merck
MRK
$318B
$66.2M 0.45%
725,890
+88,900
+14% +$7.88M
COST icon
39
Costco
COST
$420B
$65.5M 0.45%
136,569
-1,000
-0.7% -$507K
AMD icon
40
Advanced Micro Devices
AMD
$789B
$64.3M 0.44%
840,754
+41,542
+5% +$3.89M
PEP icon
41
PepsiCo
PEP
$190B
$62.2M 0.43%
373,022
+24,100
+7% +$4.06M
BAC icon
42
Bank of America
BAC
$442B
$59.6M 0.41%
1,913,012
+119,300
+7% +$4.3M
CSCO icon
43
Cisco
CSCO
$479B
$57.2M 0.39%
1,342,466
+18,200
+1% +$871K
NFLX icon
44
Netflix
NFLX
$309B
$57.1M 0.39%
3,266,490
+2,145,000
+191% +$47.6M
CRM icon
45
Salesforce
CRM
$158B
$56.3M 0.39%
341,343
-230,900
-40% -$40.8M
INTC icon
46
Intel
INTC
$513B
$54.5M 0.37%
1,457,591
+2,700
+0.2% +$117K
INTU icon
47
Intuit
INTU
$89B
$54.4M 0.37%
141,190
+3,300
+2% +$1.37M
NOW icon
48
ServiceNow
NOW
$129B
$51.9M 0.36%
545,775
+43,500
+9% +$4.15M
ABT icon
49
Abbott
ABT
$187B
$51.3M 0.35%
472,457
+26,400
+6% +$3M
ADBE icon
50
Adobe
ADBE
$105B
$49.6M 0.34%
135,491
+6,868
+5% +$2.8M
1
2
3 4 5

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.