SOMRS

State of Michigan Retirement System Portfolio holdings

AUM $19.3B
1-Year Return 23.66%
This Quarter Return
+10.58%
1 Year Return
+23.66%
3 Year Return
+100.94%
5 Year Return
+169.82%
10 Year Return
+358.76%
AUM
$19.1B
AUM Growth
+$1.49B
Cap. Flow
-$56.5M
Cap. Flow %
-0.3%
Top 10 Hldgs %
34.97%
Holding
1,006
New
31
Increased
699
Reduced
152
Closed
31

Top Buys

1
T icon
AT&T
T
$307M
2
BMY icon
Bristol-Myers Squibb
BMY
$39.2M
3
LYV icon
Live Nation Entertainment
LYV
$30M
4
AGG icon
iShares Core US Aggregate Bond ETF
AGG
$24.9M
5
META icon
Meta Platforms (Facebook)
META
$24.8M

Top Sells

1
QUAL icon
iShares MSCI USA Quality Factor ETF
QUAL
$174M
2
VLUE icon
iShares MSCI USA Value Factor ETF
VLUE
$167M
3
UGI icon
UGI
UGI
$140M
4
LQD icon
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$125M
5
ARI
Apollo Commercial Real Estate
ARI
$81M

Sector Composition

1 Technology 21.87%
2 Healthcare 12.35%
3 Communication Services 10.37%
4 Financials 10.28%
5 Consumer Discretionary 8.67%
Name Market Value Portfolio Weight Shares or Principal Shares
Change % 		Capital Flow
ABNB icon
976
Airbnb
ABNB
$75.8B
– –
-6,831
Closed -$1.15M
AMPL icon
977
Amplitude
AMPL
$1.51B
– –
-54,208
Closed -$2.95M
ARI
978
Apollo Commercial Real Estate
ARI
$1.53B
– –
-5,459,968
Closed -$81M
AVTR icon
979
Avantor
AVTR
$9.07B
– –
-84,000
Closed -$3.44M
CRSP icon
980
CRISPR Therapeutics
CRSP
$4.99B
– –
-32,386
Closed -$3.63M
CRWD icon
981
CrowdStrike
CRWD
$105B
– –
-6,334
Closed -$1.56M
DBX icon
982
Dropbox
DBX
$8.06B
– –
-33,459
Closed -$978K
EBS icon
983
Emergent Biosolutions
EBS
$404M
– –
-12,000
Closed -$601K
EFC
984
Ellington Financial
EFC
$1.38B
– –
-1,218,930
Closed -$22.3M
EWT icon
985
iShares MSCI Taiwan ETF
EWT
$6.25B
– –
-118,008
Closed -$7.32M
GPMT
986
Granite Point Mortgage Trust
GPMT
$143M
– –
-1,600,000
Closed -$21.1M
KAR icon
987
Openlane
KAR
$3.09B
– –
-29,890
Closed -$490K
NKTR icon
988
Nektar Therapeutics
NKTR
$764M
– –
-3,071
Closed -$827K
NTCT icon
989
NETSCOUT
NTCT
$1.79B
– –
-18,587
Closed -$501K
PATH icon
990
UiPath
PATH
$6.15B
– –
-141,887
Closed -$7.47M
PUBM icon
991
PubMatic
PUBM
$383M
– –
-10,461
Closed -$276K
SPH icon
992
Suburban Propane Partners
SPH
$1.2B
– –
-610,000
Closed -$9.36M
SPNT icon
993
SiriusPoint
SPNT
$2.19B
– –
-1,930,000
Closed -$17.9M
TCPC icon
994
BlackRock TCP Capital
TCPC
$616M
– –
-1,320,000
Closed -$17.9M
TDS icon
995
Telephone and Data Systems
TDS
$4.54B
– –
-24,774
Closed -$483K
TREE icon
996
LendingTree
TREE
$978M
– –
-2,868
Closed -$401K
UPST icon
997
Upstart Holdings
UPST
$6.44B
– –
-51,885
Closed -$16.4M
VEEV icon
998
Veeva Systems
VEEV
$44.7B
– –
-1,000
Closed -$288K
WRBY icon
999
Warby Parker
WRBY
$3.17B
– –
-57,238
Closed -$3.04M
XLF icon
1000
Financial Select Sector SPDR Fund
XLF
$53.2B
– –
-365,417
Closed -$13.7M
37 38 39
40
41