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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
MZTI
901
The Marzetti Company
MZTI
$3.11B
$648K ﹤0.01%
5,032
– –
COIN icon
902
Coinbase
COIN
$40.5B
$633K ﹤0.01%
+13,468
New +$1.28M
KBH icon
903
KB Home
KBH
$3.59B
$627K ﹤0.01%
22,038
+300
+1% +$9.58K
NGVT icon
904
Ingevity
NGVT
$2.68B
$623K ﹤0.01%
9,873
-100
-1% -$6.52K
ENS icon
905
EnerSys
ENS
$6.99B
$617K ﹤0.01%
10,472
– –
COLM icon
906
Columbia Sportswear
COLM
$2.94B
$607K ﹤0.01%
8,474
-300
-3% -$24K
CALY
907
Callaway Golf Company
CALY
$3.14B
$603K ﹤0.01%
29,548
-200
-0.7% -$4.3K
BDC icon
908
Belden
BDC
$5.19B
$602K ﹤0.01%
11,298
-100
-0.9% -$5.35K
JWN
909
DELISTED
Nordstrom
JWN
$600K ﹤0.01%
28,408
+100
+0.4% +$2.55K
VSH icon
910
Vishay Intertechnology
VSH
$5.43B
$599K ﹤0.01%
33,588
-100
-0.3% -$1.9K
FULT icon
911
Fulton Financial
FULT
$4.64B
$590K ﹤0.01%
40,846
-100
-0.2% -$1.55K
NARI
912
DELISTED
Inari Medical, Inc. Common Stock
NARI
$585K ﹤0.01%
+8,600
New +$618K
WERN icon
913
Werner Enterprises
WERN
$2.25B
$582K ﹤0.01%
15,098
-100
-0.7% -$3.94K
VSAT icon
914
Viasat
VSAT
$11.1B
$578K ﹤0.01%
18,884
– –
GHC icon
915
Graham Holdings Company
GHC
$5.02B
$574K ﹤0.01%
1,012
– –
SSNC icon
916
SS&C Technologies
SSNC
$18.6B
$573K ﹤0.01%
9,870
-700
-7% -$45K
WING icon
917
Wingstop
WING
$3.18B
$566K ﹤0.01%
7,572
– –
RUBY
918
DELISTED
Rubius Therapeutics, Inc
RUBY
$560K ﹤0.01%
657,738
+17,738
+3% +$29.8K
PEB icon
919
Pebblebrook Hotel Trust
PEB
$2.05B
$554K ﹤0.01%
33,451
+100
+0.3% +$2.21K
NUS icon
920
Nu Skin
NUS
$267M
$552K ﹤0.01%
12,747
+100
+0.8% +$4.59K
HPP
921
Hudson Pacific Properties
HPP
$779M
$546K ﹤0.01%
5,258
-271
-5% -$40.1K
HAIN icon
922
Hain Celestial
HAIN
$53.7M
$543K ﹤0.01%
22,884
-300
-1% -$8.54K
IBOC icon
923
International Bancshares
IBOC
$4.57B
$542K ﹤0.01%
13,512
– –
FL
924
DELISTED
Foot Locker
FL
$537K ﹤0.01%
21,267
-900
-4% -$26.9K
CNO icon
925
CNO Financial Group
CNO
$5.1B
$533K ﹤0.01%
29,451
-1,100
-4% -$23.5K
35 36
37
38 39

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.