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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
HXL icon
751
Hexcel
HXL
$7.82B
$1.12M 0.01%
21,397
+100
+0.5% +$5.48K
IAA
752
DELISTED
IAA, Inc. Common Stock
IAA
$1.12M 0.01%
34,130
-100
-0.3% -$3.66K
CLH icon
753
Clean Harbors
CLH
$16.3B
$1.11M 0.01%
12,707
– –
DKS icon
754
Dick's Sporting Goods
DKS
$18.7B
$1.11M 0.01%
14,770
-1,200
-8% -$107K
OLED icon
755
Universal Display
OLED
$4.19B
$1.11M 0.01%
11,005
– –
VLY icon
756
Valley National Bancorp
VLY
$8.04B
$1.11M 0.01%
106,881
-100
-0.1% -$1.19K
POWI icon
757
Power Integrations
POWI
$3.61B
$1.11M 0.01%
14,818
-200
-1% -$16.2K
RL icon
758
Ralph Lauren
RL
$23.6B
$1.11M 0.01%
12,380
+700
+6% +$70.6K
CUZ icon
759
Cousins Properties
CUZ
$4.88B
$1.11M 0.01%
37,844
+100
+0.3% +$3.46K
EXP icon
760
Eagle Materials
EXP
$6.57B
$1.1M 0.01%
10,029
– –
ONB icon
761
Old National Bancorp
ONB
$10.2B
$1.1M 0.01%
74,542
-400
-0.5% -$6.16K
SSD icon
762
Simpson Manufacturing
SSD
$8.16B
$1.1M 0.01%
10,927
-100
-0.9% -$10.4K
CADE
763
DELISTED
Cadence Bank
CADE
$1.1M 0.01%
+46,710
New +$1.2M
LPX icon
764
Louisiana-Pacific
LPX
$5.49B
$1.09M 0.01%
20,858
-1,500
-7% -$96.2K
POR icon
765
Portland General Electric
POR
$5.77B
$1.09M 0.01%
+22,600
New +$1.12M
SLM icon
766
SLM Corp
SLM
$5.15B
$1.09M 0.01%
68,499
-2,300
-3% -$39.8K
NJR icon
767
New Jersey Resources
NJR
$5.58B
$1.09M 0.01%
24,485
+100
+0.4% +$4.49K
FLG
768
Flagstar Bank National Association
FLG
$5.82B
$1.08M 0.01%
39,581
+233
+0.6% +$6.7K
VYX icon
769
NCR Voyix
VYX
$1.14B
$1.08M 0.01%
56,574
+1,956
+4% +$41.7K
OZK icon
770
Bank OZK
OZK
$5.61B
$1.08M 0.01%
28,712
-2,000
-7% -$78.9K
NSA
771
DELISTED
National Storage Affiliates Trust
NSA
$1.07M 0.01%
21,401
+600
+3% +$32.7K
PTON icon
772
Peloton Interactive
PTON
$2.49B
$1.07M 0.01%
116,477
– –
QLYS icon
773
Qualys
QLYS
$6.35B
$1.07M 0.01%
8,476
– –
UNVR
774
DELISTED
Univar Solutions Inc.
UNVR
$1.07M 0.01%
42,997
-400
-0.9% -$11.8K
AVT icon
775
Avnet
AVT
$7.92B
$1.06M 0.01%
24,805
-300
-1% -$13.1K
29 30
31
32 33

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.