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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
WLY icon
926
John Wiley & Sons Class A
WLY
$2.66B
$528K ﹤0.01%
11,052
– –
NAVI icon
927
Navient
NAVI
$853M
$526K ﹤0.01%
37,571
-1,500
-4% -$23.3K
NEU icon
928
NewMarket
NEU
$8.18B
$523K ﹤0.01%
1,737
– –
PGNY icon
929
Progyny
PGNY
$2.2B
$522K ﹤0.01%
17,979
+300
+2% +$10.7K
NWS icon
930
News Corp Class B
NWS
$17.5B
$516K ﹤0.01%
32,445
+1,900
+6% +$35.4K
DAN icon
931
Dana Inc
DAN
$3.06B
$512K ﹤0.01%
36,413
-200
-0.5% -$3.1K
MTX icon
932
Minerals Technologies
MTX
$2.34B
$512K ﹤0.01%
8,351
-100
-1% -$6.39K
ESAB icon
933
ESAB
ESAB
$5.71B
$508K ﹤0.01%
+11,602
New +$560K
MLKN icon
934
MillerKnoll
MLKN
$1.67B
$505K ﹤0.01%
19,228
– –
WAFD icon
935
WaFd
WAFD
$2.75B
$500K ﹤0.01%
16,657
+100
+0.6% +$3.14K
SHC icon
936
Sotera Health
SHC
$5.38B
$494K ﹤0.01%
+25,200
New +$528K
CBRL icon
937
Cracker Barrel
CBRL
$1.29B
$490K ﹤0.01%
5,872
-100
-2% -$10.4K
KMT icon
938
Kennametal
KMT
$2.52B
$488K ﹤0.01%
20,993
-100
-0.5% -$2.63K
SABR icon
939
Sabre
SABR
$835M
$484K ﹤0.01%
83,004
+900
+1% +$7.52K
CALX icon
940
Calix
CALX
$2.39B
$482K ﹤0.01%
14,118
+200
+1% +$7.43K
TEX icon
941
Terex
TEX
$7.74B
$482K ﹤0.01%
17,618
-100
-0.6% -$3.33K
VSXY
942
Victoria's Secret
VSXY
$7.83B
$482K ﹤0.01%
+17,241
New +$747K
MAC icon
943
Macerich
MAC
$6.92B
$475K ﹤0.01%
54,579
+500
+0.9% +$6.04K
ENR icon
944
Energizer
ENR
$1.55B
$472K ﹤0.01%
16,639
– –
BFH icon
945
Bread Financial
BFH
$4.38B
$469K ﹤0.01%
12,657
– –
ALLY icon
946
Ally Financial
ALLY
$13.3B
$468K ﹤0.01%
13,964
+200
+1% +$7.99K
EQH icon
947
Equitable Holdings
EQH
$14.1B
$464K ﹤0.01%
17,786
+300
+2% +$8.7K
TRIP icon
948
TripAdvisor
TRIP
$1.26B
$453K ﹤0.01%
25,443
+300
+1% +$7.11K
XRX icon
949
Xerox
XRX
$425M
$451K ﹤0.01%
30,356
-800
-3% -$14.2K
KD icon
950
Kyndryl
KD
$3.05B
$447K ﹤0.01%
+45,717
New +$532K
36 37
38
39 40

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.