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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
LAMR icon
576
Lamar Advertising Co
LAMR
$16B
$1.95M 0.01%
22,138
+100
+0.5% +$10.1K
RRX icon
577
Regal Rexnord
RRX
$11.7B
$1.93M 0.01%
17,001
-200
-1% -$25.4K
NNN icon
578
NNN REIT
NNN
$8.82B
$1.93M 0.01%
44,784
+200
+0.4% +$8.8K
GME icon
579
GameStop
GME
$8.54B
$1.92M 0.01%
62,800
– –
WBS icon
580
Webster Financial
WBS
$12.8B
$1.91M 0.01%
45,344
-300
-0.7% -$14.4K
CCL icon
581
Carnival Corporation Ltd
CCL
$38.4B
$1.9M 0.01%
219,144
+15,100
+7% +$222K
CGNX icon
582
Cognex
CGNX
$10.9B
$1.88M 0.01%
44,153
-700
-2% -$39.2K
SYNH
583
DELISTED
Syneos Health, Inc. Class A Common Stock
SYNH
$1.87M 0.01%
26,122
-200
-0.8% -$14.6K
TTEK icon
584
Tetra Tech
TTEK
$8.97B
$1.86M 0.01%
68,040
-500
-0.7% -$13.7K
JBL icon
585
Jabil
JBL
$35.8B
$1.84M 0.01%
35,911
-500
-1% -$29K
MANH icon
586
Manhattan Associates
MANH
$11.5B
$1.84M 0.01%
16,031
– –
CBSH icon
587
Commerce Bancshares
CBSH
$8.45B
$1.83M 0.01%
33,977
-122
-0.4% -$6.85K
G icon
588
Genpact
G
$5.8B
$1.83M 0.01%
43,284
– –
FRT icon
589
Federal Realty Investment Trust
FRT
$10.2B
$1.82M 0.01%
+19,062
New +$2.14M
LECO icon
590
Lincoln Electric
LECO
$15.2B
$1.82M 0.01%
14,789
-200
-1% -$26.3K
SEIC icon
591
SEI Investments
SEIC
$12.6B
$1.82M 0.01%
33,624
-500
-1% -$28.1K
PFGC icon
592
Performance Food Group
PFGC
$17.9B
$1.81M 0.01%
39,403
+100
+0.3% +$4.62K
CHE icon
593
Chemed
CHE
$7.23B
$1.79M 0.01%
3,809
-100
-3% -$48.8K
WEX icon
594
WEX
WEX
$6.38B
$1.78M 0.01%
11,475
+100
+0.9% +$16.4K
RGLD icon
595
Royal Gold
RGLD
$19.8B
$1.78M 0.01%
16,648
– –
CIEN icon
596
Ciena
CIEN
$56.2B
$1.77M 0.01%
38,696
-600
-2% -$31.1K
DECK icon
597
Deckers Outdoor
DECK
$13.2B
$1.77M 0.01%
41,496
– –
RNR icon
598
RenaissanceRe
RNR
$13.3B
$1.76M 0.01%
11,265
+100
+0.9% +$15.1K
PCTY icon
599
Paylocity
PCTY
$7.81B
$1.76M 0.01%
10,072
– –
LII icon
600
Lennox International
LII
$14.7B
$1.74M 0.01%
8,444
-100
-1% -$21.9K
22 23
24
25 26

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.