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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
CNX icon
851
CNX Resources
CNX
$5.2B
$816K 0.01%
49,602
-1,800
-4% -$36.9K
SMG icon
852
ScottsMiracle-Gro
SMG
$3.66B
$814K 0.01%
10,300
– –
NWE icon
853
NorthWestern Energy
NWE
$4.43B
$809K 0.01%
13,728
– –
PK icon
854
Park Hotels & Resorts
PK
$2.97B
$805K 0.01%
59,329
-700
-1% -$12.4K
PACW
855
DELISTED
PacWest Bancorp
PACW
$796K 0.01%
29,849
-500
-2% -$16.2K
DELL icon
856
Dell
DELL
$293B
$784K 0.01%
16,958
+2,200
+15% +$104K
BHF icon
857
Brighthouse Financial
BHF
$3.5B
$782K 0.01%
19,068
-700
-4% -$33.8K
PCH
858
DELISTED
PotlatchDeltic
PCH
$779K 0.01%
17,631
+100
+0.6% +$5.16K
LOPE icon
859
Grand Canyon Education
LOPE
$3.98B
$778K 0.01%
8,259
-1,800
-18% -$168K
GT icon
860
Goodyear
GT
$1.85B
$769K 0.01%
71,826
+500
+0.7% +$6.26K
CROX icon
861
Crocs
CROX
$6.55B
$761K 0.01%
15,638
+700
+5% +$42.5K
BOH icon
862
Bank of Hawaii
BOH
$3.13B
$760K 0.01%
10,219
– –
LBTYK icon
863
Liberty Global Class C
LBTYK
$3.49B
$759K 0.01%
34,350
-5,700
-14% -$139K
ACIW icon
864
ACI Worldwide
ACIW
$5.42B
$757K 0.01%
29,243
-600
-2% -$16.1K
SLG icon
865
SL Green Realty
SLG
$3.99B
$751K 0.01%
+16,273
New +$1.03M
AM icon
866
Antero Midstream
AM
$10.1B
$749K 0.01%
82,725
+300
+0.4% +$3.12K
CATY icon
867
Cathay General Bancorp
CATY
$4.24B
$749K 0.01%
19,130
-100
-0.5% -$4.08K
CDP icon
868
COPT Defense Properties
CDP
$4.21B
$749K 0.01%
28,613
+100
+0.4% +$2.7K
ENV
869
DELISTED
ENVESTNET, INC.
ENV
$743K 0.01%
14,071
+200
+1% +$13.7K
FHI icon
870
Federated Hermes
FHI
$4.72B
$740K 0.01%
23,276
-1,300
-5% -$41.2K
VC icon
871
Visteon
VC
$2.78B
$736K 0.01%
7,107
– –
KMPR icon
872
Kemper
KMPR
$1.68B
$733K 0.01%
15,296
+100
+0.7% +$5.01K
BCO icon
873
Brink's
BCO
$4.62B
$727K 0.01%
11,977
-500
-4% -$30.1K
SAM icon
874
Boston Beer
SAM
$1.92B
$722K ﹤0.01%
2,383
– –
CRI icon
875
Carter's
CRI
$1.47B
$721K ﹤0.01%
10,229
-500
-5% -$40.3K
33 34
35
36 37

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.