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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
GAP
951
The Gap Inc
GAP
$7.37B
$442K ﹤0.01%
53,630
-400
-0.7% -$4.63K
AEO icon
952
American Eagle Outfitters
AEO
$3.01B
$438K ﹤0.01%
39,152
+200
+0.5% +$2.82K
AMKR icon
953
Amkor Technology
AMKR
$13.7B
$433K ﹤0.01%
25,549
+100
+0.4% +$1.9K
SIX
954
DELISTED
Six Flags Entertainment Corp.
SIX
$428K ﹤0.01%
19,744
+100
+0.5% +$3.19K
GEF icon
955
Greif
GEF
$5.04B
$420K ﹤0.01%
6,739
– –
VEEV icon
956
Veeva Systems
VEEV
$37.4B
$416K ﹤0.01%
+2,100
New +$386K
UAA icon
957
Under Armour
UAA
$2.6B
$400K ﹤0.01%
48,000
+354
+0.7% +$4.34K
UA icon
958
Under Armour Class C
UA
$2.53B
$391K ﹤0.01%
51,600
-2,691
-5% -$30.3K
PPC icon
959
Pilgrim's Pride
PPC
$6.54B
$383K ﹤0.01%
12,271
-100
-0.8% -$2.94K
WOR icon
960
Worthington Enterprises
WOR
$2.86B
$360K ﹤0.01%
13,258
-162
-1% -$4.69K
NLY icon
961
Annaly Capital Management
NLY
$17.4B
$354K ﹤0.01%
14,956
+1,375
+10% +$35.6K
DMTK
962
DELISTED
DermTech, Inc. Common Stock
DMTK
$332K ﹤0.01%
60,000
– –
MCY icon
963
Mercury Insurance
MCY
$6.07B
$299K ﹤0.01%
6,747
– –
VICR icon
964
Vicor
VICR
$10.2B
$298K ﹤0.01%
5,444
– –
LBTYA icon
965
Liberty Global Class A
LBTYA
$3.6B
$260K ﹤0.01%
12,338
-1,800
-13% -$42.2K
ERIE icon
966
Erie Indemnity
ERIE
$13.2B
$256K ﹤0.01%
1,332
-100
-7% -$17.4K
UHAL icon
967
U-Haul Holding Co
UHAL
$14.6B
$242K ﹤0.01%
5,060
+1,000
+25% +$51.7K
ST icon
968
Sensata Technologies
ST
$6.79B
$220K ﹤0.01%
5,320
+200
+4% +$9.21K
TXG icon
969
10x Genomics
TXG
$6.61B
$204K ﹤0.01%
+4,510
New +$234K
CLVT icon
970
Clarivate
CLVT
$1.16B
$152K ﹤0.01%
+10,982
New +$164K
ABNB icon
971
Airbnb
ABNB
$107B
– –
-1,551
Closed -$266K
AGNC icon
972
AGNC Investment
AGNC
$12.9B
– –
-23,824
Closed -$312K
APPS icon
973
Digital Turbine
APPS
$1.74B
– –
-22,398
Closed -$981K
BILL icon
974
BILL Holdings
BILL
$4.78B
– –
-14,609
Closed -$3.31M
FTAI icon
975
FTAI Aviation
FTAI
$22.2B
– –
-4,422,777
Closed -$97.3M
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.