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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
CASY icon
601
Casey's General Stores
CASY
$31.1B
$1.74M 0.01%
9,421
– –
SWAV
602
DELISTED
Shockwave Medical, Inc. Common Stock
SWAV
$1.74M 0.01%
+9,100
New +$1.61M
UNM icon
603
Unum
UNM
$14.4B
$1.74M 0.01%
51,100
-800
-2% -$27.1K
BBWI icon
604
Bath & Body Works
BBWI
$3.92B
$1.73M 0.01%
+64,371
New +$2.79M
DAY
605
DELISTED
Dayforce
DAY
$1.73M 0.01%
36,810
+2,300
+7% +$128K
MIDD icon
606
Middleby
MIDD
$5.9B
$1.73M 0.01%
13,820
-300
-2% -$43.3K
ATR icon
607
AptarGroup
ATR
$8.52B
$1.73M 0.01%
16,710
– –
FSLR icon
608
First Solar
FSLR
$25.6B
$1.72M 0.01%
25,224
+100
+0.4% +$7.12K
KBR icon
609
KBR
KBR
$4.84B
$1.72M 0.01%
35,511
-100
-0.3% -$4.94K
DINO icon
610
HF Sinclair
DINO
$15.1B
$1.72M 0.01%
+38,000
New +$1.7M
EXEL icon
611
Exelixis
EXEL
$13.1B
$1.7M 0.01%
81,616
+1,300
+2% +$26.8K
IVZ icon
612
Invesco
IVZ
$14.1B
$1.7M 0.01%
105,350
+6,100
+6% +$115K
MASI
613
DELISTED
Masimo
MASI
$1.7M 0.01%
12,996
+100
+0.8% +$13.4K
LSCC icon
614
Lattice Semiconductor
LSCC
$18.5B
$1.7M 0.01%
34,962
+200
+0.6% +$9.96K
NOV icon
615
NOV
NOV
$7.35B
$1.69M 0.01%
99,877
+200
+0.2% +$3.76K
OHI icon
616
Omega Healthcare
OHI
$14.4B
$1.69M 0.01%
59,863
-800
-1% -$22.8K
AXON
617
Axon Enterprise
AXON
$48.4B
$1.69M 0.01%
18,080
+700
+4% +$74K
CFR icon
618
Cullen/Frost Bankers
CFR
$10.2B
$1.68M 0.01%
14,464
– –
CHDN icon
619
Churchill Downs
CHDN
$6.05B
$1.67M 0.01%
17,480
– –
STOR
620
DELISTED
STORE Capital Corporation
STOR
$1.67M 0.01%
64,196
+1,900
+3% +$52.6K
COHR
621
DELISTED
Coherent Inc
COHR
$1.67M 0.01%
6,288
– –
CACI icon
622
CACI
CACI
$14.3B
$1.67M 0.01%
5,921
– –
GNTX icon
623
Gentex
GNTX
$5.02B
$1.67M 0.01%
59,640
-400
-0.7% -$11.6K
AIRC
624
DELISTED
Apartment Income REIT Corp.
AIRC
$1.66M 0.01%
39,950
+100
+0.3% +$4.64K
EGP icon
625
EastGroup Properties
EGP
$10.9B
$1.64M 0.01%
10,627
+300
+3% +$52.6K
23 24
25
26 27

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.