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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
MCD icon
51
McDonald's
MCD
$195B
$49.3M 0.34%
199,515
+11,100
+6% +$2.73M
QCOM icon
52
Qualcomm
QCOM
$176B
$48.6M 0.33%
380,755
+17,189
+5% +$2.33M
AGG icon
53
iShares Core US Aggregate Bond ETF
AGG
$138B
$47.5M 0.33%
467,500
-2,912,000
-86% -$299M
BRK.A icon
54
Berkshire Hathaway Class A
BRK.A
$1.12T
$47.4M 0.33%
116
– –
CMCSA icon
55
Comcast
CMCSA
$90B
$47.3M 0.32%
1,206,189
+64,700
+6% +$2.77M
DIS icon
56
Walt Disney
DIS
$181B
$46.4M 0.32%
491,466
+32,000
+7% +$3.55M
WMT icon
57
Walmart Inc
WMT
$890B
$46M 0.32%
1,136,220
+66,000
+6% +$3.04M
DHR icon
58
Danaher
DHR
$144B
$44.3M 0.3%
196,888
+15,792
+9% +$3.64M
WFC icon
59
Wells Fargo
WFC
$264B
$43.9M 0.3%
1,120,449
+44,000
+4% +$1.93M
GS icon
60
Goldman Sachs
GS
$303B
$43.2M 0.3%
145,373
+17,900
+14% +$5.57M
RTX icon
61
RTX Corp
RTX
$301B
$43.2M 0.3%
449,032
+16,000
+4% +$1.54M
KEYS icon
62
Keysight
KEYS
$58.3B
$43M 0.29%
312,131
+2,900
+0.9% +$413K
EPAM icon
63
EPAM Systems
EPAM
$5.03B
$42.8M 0.29%
145,327
+1,100
+0.8% +$336K
NKE icon
64
Nike
NKE
$61.9B
$42.3M 0.29%
414,315
+17,400
+4% +$2.06M
GLOB icon
65
Globant
GLOB
$1.61B
$41.3M 0.28%
237,400
– –
PM icon
66
Philip Morris
PM
$295B
$41.3M 0.28%
418,258
+27,400
+7% +$2.79M
NEE icon
67
NextEra Energy
NEE
$177B
$41.1M 0.28%
529,998
+35,000
+7% +$2.66M
TXN icon
68
Texas Instruments
TXN
$261B
$40.8M 0.28%
265,765
+12,000
+5% +$2.02M
QUAL icon
69
iShares MSCI USA Quality Factor ETF
QUAL
$48.1B
$40.8M 0.28%
364,900
+165,350
+83% +$20.2M
IBM icon
70
IBM
IBM
$224B
$40.7M 0.28%
287,986
+800
+0.3% +$108K
SPGI icon
71
S&P Global
SPGI
$120B
$40.5M 0.28%
120,053
+30,700
+34% +$10.9M
CMG icon
72
Chipotle Mexican Grill
CMG
$41.5B
$39.9M 0.27%
1,524,900
-130,000
-8% -$3.62M
UPS icon
73
United Parcel Service
UPS
$88.9B
$39.9M 0.27%
218,314
+34,400
+19% +$6.27M
LIN icon
74
Linde
LIN
$226B
$39M 0.27%
135,704
+6,400
+5% +$2M
FTNT icon
75
Fortinet
FTNT
$117B
$38.8M 0.27%
685,850
-91,500
-12% -$5.43M
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.