We are live on ! Find out more
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
ICE icon
101
Intercontinental Exchange
ICE
$84.4B
$23.9M 0.16%
254,142
+24,700
+11% +$2.64M
SBUX icon
102
Starbucks
SBUX
$120B
$23.6M 0.16%
309,359
+19,300
+7% +$1.48M
BLK icon
103
Blackrock
BLK
$176B
$23.4M 0.16%
38,471
-5,148
-12% -$3.35M
LYV icon
104
Live Nation Entertainment
LYV
$42.1B
$23.3M 0.16%
282,011
-27,100
-9% -$2.61M
ZTS icon
105
Zoetis
ZTS
$30B
$23.3M 0.16%
135,364
-84,000
-38% -$14.5M
MDLZ icon
106
Mondelez International
MDLZ
$79.9B
$23.2M 0.16%
373,370
+23,300
+7% +$1.47M
MO icon
107
Altria Group
MO
$114B
$23.1M 0.16%
553,510
+12,500
+2% +$647K
GILD icon
108
Gilead Sciences
GILD
$165B
$22.9M 0.16%
371,243
-1,532,500
-80% -$94.9M
XLV icon
109
State Street Health Care Select Sector SPDR ETF
XLV
$43.3B
$22.9M 0.16%
178,588
+25,800
+17% +$3.38M
AXP icon
110
American Express
AXP
$230B
$22.8M 0.16%
164,577
+9,400
+6% +$1.55M
DAVA icon
111
Endava
DAVA
$156M
$22.6M 0.15%
255,800
– –
DE icon
112
Deere & Co
DE
$168B
$22.6M 0.15%
75,357
+4,600
+7% +$1.69M
MU icon
113
Micron Technology
MU
$991B
$22.6M 0.15%
408,214
-1,500
-0.4% -$102K
CB icon
114
Chubb
CB
$135B
$22.5M 0.15%
114,287
+5,700
+5% +$1.17M
DUK icon
115
Duke Energy
DUK
$97.3B
$22.3M 0.15%
207,736
+13,700
+7% +$1.51M
MBB icon
116
iShares MBS ETF
MBB
$39.1B
$22M 0.15%
225,800
– –
PYPL icon
117
PayPal
PYPL
$50.5B
$21.9M 0.15%
314,208
+20,116
+7% +$1.75M
BABA icon
118
Alibaba
BABA
$308B
$21.9M 0.15%
192,581
+3,331
+2% +$327K
TGT icon
119
Target
TGT
$68B
$21.9M 0.15%
154,758
+3,400
+2% +$652K
ANET icon
120
Arista Networks
ANET
$238B
$21.7M 0.15%
926,756
+187,200
+25% +$5.13M
MMM icon
121
3M
MMM
$94.3B
$21.7M 0.15%
200,336
+16,146
+9% +$1.95M
USB icon
122
US Bancorp
USB
$99.6B
$21.4M 0.15%
464,782
+24,100
+5% +$1.2M
PANW icon
123
Palo Alto Networks
PANW
$297B
$21.4M 0.15%
+259,800
New +$23M
TMUS icon
124
T-Mobile US
TMUS
$190B
$21.4M 0.15%
158,941
+10,800
+7% +$1.41M
MRSH
125
Marsh
MRSH
$91.5B
$21M 0.14%
135,375
+8,100
+6% +$1.3M
3 4
5
6 7

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.