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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
ADNT icon
876
Adient
ADNT
$1.5B
$716K ﹤0.01%
24,156
+100
+0.4% +$3.36K
RCM
877
DELISTED
R1 RCM Inc. Common Stock
RCM
$715K ﹤0.01%
34,101
+200
+0.6% +$4.54K
CVLT icon
878
Commault Systems
CVLT
$5.61B
$712K ﹤0.01%
11,312
– –
TMHC
879
DELISTED
Taylor Morrison
TMHC
$710K ﹤0.01%
30,395
-800
-3% -$21.2K
SFM icon
880
Sprouts Farmers Market
SFM
$8.01B
$706K ﹤0.01%
27,896
-600
-2% -$16.7K
FNF icon
881
Fidelity National Financial
FNF
$13.5B
$705K ﹤0.01%
19,839
+4,472
+29% +$175K
DY icon
882
Dycom Industries
DY
$12.3B
$703K ﹤0.01%
7,561
-100
-1% -$8.91K
COTY icon
883
Coty
COTY
$2.48B
$701K ﹤0.01%
87,498
+200
+0.2% +$1.5K
ASB icon
884
Associated Banc-Corp
ASB
$5.91B
$697K ﹤0.01%
38,178
+200
+0.5% +$4.05K
FCFS icon
885
FirstCash
FCFS
$8.78B
$696K ﹤0.01%
+10,015
New +$722K
VMW
886
DELISTED
VMware, Inc
VMW
$695K ﹤0.01%
6,100
-1,000
-14% -$114K
BRBR icon
887
BellRing Brands
BRBR
$1.34B
$691K ﹤0.01%
+27,745
New +$679K
WWE
888
DELISTED
World Wrestling Entertainment
WWE
$688K ﹤0.01%
11,010
-100
-0.9% -$6.18K
JBLU icon
889
JetBlue
JBLU
$2.29B
$683K ﹤0.01%
81,631
+900
+1% +$9.62K
PZZA icon
890
Papa John's
PZZA
$806M
$678K ﹤0.01%
8,115
-100
-1% -$9.01K
TCBI icon
891
Texas Capital Bancshares
TCBI
$4.32B
$677K ﹤0.01%
12,852
– –
BLKB icon
892
Blackbaud
BLKB
$2.08B
$671K ﹤0.01%
11,548
+200
+2% +$11.6K
PDCO
893
DELISTED
Patterson Companies, Inc.
PDCO
$670K ﹤0.01%
22,126
+100
+0.5% +$3.13K
RBLX icon
894
Roblox
RBLX
$27B
$666K ﹤0.01%
20,282
-36,968
-65% -$1.24M
NEOG icon
895
Neogen
NEOG
$2.5B
$661K ﹤0.01%
27,453
+100
+0.4% +$2.68K
ENOV icon
896
Enovis
ENOV
$1.53B
$660K ﹤0.01%
12,002
-8,047
-40% -$519K
ETRN
897
DELISTED
Equitrans Midstream Corporation Common Stock
ETRN
$658K ﹤0.01%
103,502
+300
+0.3% +$2.31K
JBGS
898
JBG SMITH
JBGS
$708M
$654K ﹤0.01%
27,678
-1,300
-4% -$33.6K
SITM icon
899
SiTime
SITM
$21.8B
$652K ﹤0.01%
4,000
+200
+5% +$37.8K
NUVA
900
DELISTED
NuVasive, Inc.
NUVA
$651K ﹤0.01%
13,233
+100
+0.8% +$5.36K
34 35
36
37 38

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.