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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
TDG icon
76
TransDigm Group
TDG
$67.7B
$37.8M 0.26%
70,492
+4,700
+7% +$2.77M
CVS icon
77
CVS Health
CVS
$122B
$36.5M 0.25%
393,977
+11,100
+3% +$1.08M
UNP icon
78
Union Pacific
UNP
$174B
$36.1M 0.25%
169,345
+8,800
+5% +$2M
AMGN icon
79
Amgen
AMGN
$222B
$35.1M 0.24%
144,097
-13,892
-9% -$3.4M
OMF icon
80
OneMain Financial
OMF
$7.47B
$34.8M 0.24%
+930,000
New +$40.2M
HSY icon
81
Hershey
HSY
$36.6B
$34.4M 0.24%
159,734
+115,100
+258% +$25.1M
ELV icon
82
Elevance Health
ELV
$85.5B
$33.5M 0.23%
69,351
+2,000
+3% +$989K
MDT icon
83
Medtronic
MDT
$112B
$32.5M 0.22%
361,898
+22,700
+7% +$2.3M
AMT icon
84
American Tower
AMT
$80.4B
$32M 0.22%
125,284
+10,400
+9% +$2.61M
HON icon
85
Honeywell
HON
$78B
$31.9M 0.22%
194,816
+11,247
+6% +$2.02M
VLUE icon
86
iShares MSCI USA Value Factor ETF
VLUE
$9.47B
$31.7M 0.22%
350,650
+219,850
+168% +$21.7M
COP icon
87
ConocoPhillips
COP
$141B
$31.3M 0.21%
348,991
+20,400
+6% +$2.1M
LOW icon
88
Lowe's Companies
LOW
$125B
$31.2M 0.21%
178,370
+8,400
+5% +$1.62M
LMT icon
89
Lockheed Martin
LMT
$136B
$31M 0.21%
72,118
-2,500
-3% -$1.1M
ORCL icon
90
Oracle
ORCL
$423B
$29.7M 0.2%
424,732
+27,600
+7% +$2.02M
MS icon
91
Morgan Stanley
MS
$340B
$28.7M 0.2%
377,526
+19,900
+6% +$1.63M
C icon
92
Citigroup
C
$226B
$28.5M 0.2%
619,536
+26,500
+4% +$1.33M
EW icon
93
Edwards Lifesciences
EW
$51.7B
$26.5M 0.18%
278,851
+19,000
+7% +$1.97M
ISRG icon
94
Intuitive Surgical
ISRG
$134B
$26M 0.18%
129,753
+11,600
+10% +$2.72M
AMAT icon
95
Applied Materials
AMAT
$428B
$25.9M 0.18%
285,055
+5,700
+2% +$625K
CAT icon
96
Caterpillar
CAT
$387B
$25.7M 0.18%
143,872
+7,400
+5% +$1.56M
SCHW
97
Charles Schwab
SCHW
$187B
$25.7M 0.18%
406,966
+27,700
+7% +$1.91M
ADP icon
98
Automatic Data Processing
ADP
$108B
$25.2M 0.17%
120,203
+5,500
+5% +$1.21M
CI icon
99
Cigna
CI
$74.6B
$25.2M 0.17%
95,441
+200
+0.2% +$51.5K
PLD icon
100
Prologis
PLD
$133B
$24.8M 0.17%
211,191
+10,000
+5% +$1.38M
2 3
4
5 6

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.