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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
HELE icon
801
Helen of Troy
HELE
$693M
$979K 0.01%
6,027
-100
-2% -$18.9K
MMS icon
802
Maximus
MMS
$3.1B
$976K 0.01%
15,618
-100
-0.6% -$6.76K
HWC icon
803
Hancock Whitney
HWC
$6.24B
$973K 0.01%
21,940
-100
-0.5% -$4.76K
PCG icon
804
PG&E
PCG
$38.5B
$973K 0.01%
97,460
+35,700
+58% +$420K
EVR icon
805
Evercore
EVR
$11.8B
$965K 0.01%
10,305
+400
+4% +$42.6K
KRG icon
806
Kite Realty
KRG
$5.36B
$963K 0.01%
55,695
+100
+0.2% +$2.07K
TNDM icon
807
Tandem Diabetes Care
TNDM
$1.56B
$962K 0.01%
16,245
+100
+0.6% +$8.21K
RH icon
808
RH
RH
$3.71B
$958K 0.01%
4,515
+100
+2% +$29.7K
SNX icon
809
TD Synnex
SNX
$20.2B
$958K 0.01%
10,521
– –
PSB
810
DELISTED
PS Business Parks, Inc.
PSB
$956K 0.01%
5,106
– –
SGI
811
Somnigroup International
SGI
$13.7B
$954K 0.01%
44,638
-4,200
-9% -$108K
FLS icon
812
Flowserve
FLS
$10.2B
$952K 0.01%
33,268
+200
+0.6% +$6.37K
GO icon
813
Grocery Outlet
GO
$980M
$950K 0.01%
22,280
+100
+0.5% +$3.65K
YETI icon
814
Yeti Holdings
YETI
$3.95B
$950K 0.01%
21,947
-300
-1% -$14.6K
ARWR icon
815
Arrowhead Research
ARWR
$12.4B
$946K 0.01%
26,870
+100
+0.4% +$3.76K
MRCY icon
816
Mercury Systems
MRCY
$6.52B
$946K 0.01%
14,706
+300
+2% +$17.9K
UMBF icon
817
UMB Financial
UMBF
$11.1B
$942K 0.01%
10,941
– –
VNT icon
818
Vontier
VNT
$4.74B
$941K 0.01%
40,915
-2,000
-5% -$51.3K
KEX icon
819
Kirby Corp
KEX
$6.93B
$934K 0.01%
15,359
+100
+0.7% +$6.51K
FNB icon
820
FNB Corp
FNB
$6.75B
$932K 0.01%
85,851
-400
-0.5% -$4.67K
AVNT icon
821
Avient
AVNT
$4.19B
$931K 0.01%
23,224
– –
CHH icon
822
Choice Hotels
CHH
$4.8B
$930K 0.01%
8,332
– –
R icon
823
Ryder
R
$10.1B
$926K 0.01%
13,030
-600
-4% -$44K
UMPQ
824
DELISTED
Umpqua Holdings Corp
UMPQ
$926K 0.01%
55,190
+200
+0.4% +$3.47K
CBT icon
825
Cabot Corp
CBT
$4.52B
$916K 0.01%
14,365
– –
31 32
33
34 35

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.