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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
(-16%)
Cap. Flow
+$69.6M
Cap. Flow
% of AUM
0.48%
Top 10 Holdings %
Top 10 Hldgs %
34.2%
Holding
989
New
41
Increased
604
Reduced
232
Closed
19
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apollo Global Management
APO
|
+$244M |
| 2 |
Teladoc Health
TDOC
|
+$157M |
| 3 |
Warner Bros
WBD
|
+$106M |
| 4 |
Netflix
NFLX
|
+$47.6M |
| 5 |
OneMain Financial
OMF
|
+$40.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Core US Aggregate Bond ETF
AGG
|
+$299M |
| 2 |
Bristol-Myers Squibb
BMY
|
+$244M |
| 3 |
AT&T
T
|
+$224M |
| 4 |
Meta Platforms (Facebook)
META
|
+$118M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
976
Kinetik
KNTK
$7.98B
| – | – |
-350,000
| Closed | -$11.4M |
|
977
PROG Holdings
PRG
$1.71B
| – | – |
-14,397
| Closed | -$414K |
|
978
LiveRamp
RAMP
$2.3B
| – | – |
-17,285
| Closed | -$646K |
|
|
TPH
979
DELISTED
Tri Pointe Homes
TPH
| – | – |
-28,212
| Closed | -$566K |
|
980
Trinity Industries
TRN
$2.38B
| – | – |
-20,762
| Closed | -$713K |
|
981
Urban Outfitters
URBN
$6.59B
| – | – |
-16,648
| Closed | -$418K |
|
982
Vistra
VST
$47.4B
| – | – |
-26,244
| Closed | -$610K |
|
|
WNS
983
DELISTED
WNS Holdings
WNS
| – | – |
-143,000
| Closed | -$12.2M |
|
984
Yelp
YELP
$1.41B
| – | – |
-17,422
| Closed | -$594K |
|
|
CERN
985
DELISTED
Cerner Corp
CERN
| – | – |
-74,225
| Closed | -$6.94M |
|
|
MIME
986
DELISTED
Mimecast Limited
MIME
| – | – |
-15,805
| Closed | -$1.26M |
|
|
DISCK
987
DELISTED
Discovery, Inc. Series C Common Stock
DISCK
| – | – |
-118,724
| Closed | -$2.96M |
|
|
PBCT
988
DELISTED
People's United Financial Inc
PBCT
| – | – |
-107,901
| Closed | -$2.16M |
|
|
AZPN
989
DELISTED
ASPEN TECHNOLOGY INC
AZPN
| – | – |
-16,923
| Closed | -$2.8M |
|
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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.