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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
CZR icon
551
Caesars Entertainment
CZR
$6.14B
$2.22M 0.02%
57,897
+3,900
+7% +$217K
AAL icon
552
American Airlines Group
AAL
$10.1B
$2.21M 0.02%
174,205
+10,700
+7% +$178K
JLL icon
553
Jones Lang LaSalle
JLL
$16.5B
$2.17M 0.01%
12,411
-400
-3% -$79.7K
BJ icon
554
BJs Wholesale Club
BJ
$12.3B
$2.14M 0.01%
34,315
-200
-0.6% -$12.6K
RGEN icon
555
Repligen
RGEN
$9.21B
$2.14M 0.01%
13,153
+100
+0.8% +$15.8K
FBIN icon
556
Fortune Brands Innovations
FBIN
$5.78B
$2.12M 0.01%
41,350
+1,287
+3% +$75.4K
AOS icon
557
A.O. Smith
AOS
$8.49B
$2.11M 0.01%
38,653
+400
+1% +$24K
RCL icon
558
Royal Caribbean
RCL
$82.4B
$2.11M 0.01%
60,501
+3,900
+7% +$243K
LULU icon
559
lululemon athletica
LULU
$14.5B
$2.1M 0.01%
7,708
– –
XRAY icon
560
Dentsply Sirona
XRAY
$2.37B
$2.08M 0.01%
58,160
+3,000
+5% +$121K
ZION icon
561
Zions Bancorporation
ZION
$10.3B
$2.08M 0.01%
40,817
+2,600
+7% +$148K
TPR icon
562
Tapestry
TPR
$32.6B
$2.08M 0.01%
67,999
+1,400
+2% +$45.8K
PNR icon
563
Pentair
PNR
$10.7B
$2.04M 0.01%
44,464
+2,800
+7% +$140K
UHS icon
564
Universal Health Services
UHS
$10.5B
$2.03M 0.01%
20,174
-1,200
-6% -$150K
LAD icon
565
Lithia Motors
LAD
$8.29B
$2.03M 0.01%
7,387
-300
-4% -$87.5K
WSO icon
566
Watsco Inc
WSO
$13.4B
$2.03M 0.01%
8,483
+100
+1% +$26.3K
TTC icon
567
Toro Company
TTC
$9.38B
$2.02M 0.01%
26,632
– –
MAT icon
568
Mattel
MAT
$4.2B
$2M 0.01%
89,633
+700
+0.8% +$16.5K
RGA icon
569
Reinsurance Group of America
RGA
$15.9B
$2M 0.01%
17,052
– –
WOLF icon
570
Wolfspeed
WOLF
$1.55B
$1.99M 0.01%
+31,422
New +$2.61M
DXC icon
571
DXC Technology
DXC
$1.74B
$1.99M 0.01%
65,714
+4,000
+6% +$124K
WSM icon
572
Williams-Sonoma
WSM
$29.6B
$1.98M 0.01%
35,640
-1,400
-4% -$90.6K
BEN icon
573
Franklin Resources
BEN
$17.2B
$1.97M 0.01%
84,495
+5,900
+8% +$151K
OGE icon
574
OGE Energy
OGE
$9.6B
$1.96M 0.01%
50,914
+100
+0.2% +$3.97K
WU icon
575
Western Union
WU
$2.17B
$1.96M 0.01%
118,836
-2,500
-2% -$44.1K
21 22
23
24 25

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.