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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
CW icon
701
Curtiss-Wright
CW
$25.4B
$1.29M 0.01%
9,761
-200
-2% -$28.4K
EEFT icon
702
Euronet Worldwide
EEFT
$2.64B
$1.29M 0.01%
12,817
-600
-4% -$71K
SRC
703
DELISTED
SPIRIT REALTY CAPITAL, INC.
SRC
$1.29M 0.01%
34,116
+1,700
+5% +$71.6K
FFIN icon
704
First Financial Bankshares
FFIN
$4.95B
$1.28M 0.01%
32,663
+100
+0.3% +$4.09K
CAR icon
705
Avis
CAR
$4.92B
$1.28M 0.01%
8,673
-1,500
-15% -$329K
TXRH icon
706
Texas Roadhouse
TXRH
$13.8B
$1.27M 0.01%
17,378
-300
-2% -$23.6K
CC icon
707
Chemours
CC
$2.25B
$1.27M 0.01%
39,579
-1,000
-2% -$36.8K
CCMP
708
DELISTED
CMC Materials, Inc. Common Stock
CCMP
$1.27M 0.01%
7,254
– –
BC icon
709
Brunswick
BC
$5.26B
$1.26M 0.01%
19,270
-300
-2% -$22.1K
SAIA icon
710
Saia
SAIA
$9.59B
$1.26M 0.01%
6,686
– –
KNSL icon
711
Kinsale Capital Group
KNSL
$8.4B
$1.25M 0.01%
5,445
– –
TOL icon
712
Toll Brothers
TOL
$14.1B
$1.25M 0.01%
28,026
-500
-2% -$23.4K
RUN icon
713
Sunrun
RUN
$2.4B
$1.25M 0.01%
53,447
+900
+2% +$21.6K
NCLH icon
714
Norwegian Cruise Line
NCLH
$8.57B
$1.25M 0.01%
112,079
+6,800
+6% +$114K
QDEL icon
715
QuidelOrtho
QDEL
$869M
$1.24M 0.01%
12,727
+3,100
+32% +$316K
LHCG
716
DELISTED
LHC Group LLC
LHCG
$1.24M 0.01%
7,940
-100
-1% -$16.5K
IBKR icon
717
Interactive Brokers
IBKR
$40.7B
$1.23M 0.01%
89,116
+400
+0.5% +$5.94K
VNO icon
718
Vornado Realty Trust
VNO
$7.24B
$1.22M 0.01%
42,810
+2,700
+7% +$96.4K
IRDM icon
719
Iridium Communications
IRDM
$5.24B
$1.22M 0.01%
32,559
-1,000
-3% -$37.3K
WTFC icon
720
Wintrust Financial
WTFC
$10.8B
$1.22M 0.01%
15,263
+800
+6% +$68.9K
SKX
721
DELISTED
Skechers
SKX
$1.22M 0.01%
34,344
+100
+0.3% +$3.84K
VAC icon
722
Marriott Vacations Worldwide
VAC
$3.99B
$1.22M 0.01%
10,513
-300
-3% -$42.2K
XPO icon
723
XPO
XPO
$23.5B
$1.21M 0.01%
42,314
+168
+0.4% +$5.34K
UBSI icon
724
United Bankshares
UBSI
$6.6B
$1.21M 0.01%
34,513
-100
-0.3% -$3.51K
VMI icon
725
Valmont Industries
VMI
$9.6B
$1.21M 0.01%
5,388
– –
27 28
29
30 31

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.