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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
EOG icon
126
EOG Resources
EOG
$70.7B
$20.9M 0.14%
188,830
+13,100
+7% +$1.63M
ADI icon
127
Analog Devices
ADI
$190B
$20.6M 0.14%
141,155
+8,500
+6% +$1.34M
VRTX icon
128
Vertex Pharmaceuticals
VRTX
$126B
$20.6M 0.14%
73,023
+8,800
+14% +$2.36M
BA icon
129
Boeing
BA
$185B
$20.5M 0.14%
149,996
+11,700
+8% +$1.73M
SO icon
130
Southern Company
SO
$107B
$20.4M 0.14%
286,623
+19,300
+7% +$1.42M
CME icon
131
CME Group
CME
$94.8B
$19.8M 0.14%
96,944
+6,300
+7% +$1.34M
CCI icon
132
Crown Castle
CCI
$32.2B
$19.7M 0.13%
116,852
+7,800
+7% +$1.42M
BKNG icon
133
Booking.com
BKNG
$161B
$19.2M 0.13%
273,975
+15,000
+6% +$1.28M
BDX icon
134
Becton Dickinson
BDX
$48.2B
$19M 0.13%
76,888
+3,305
+4% +$839K
APH icon
135
Amphenol
APH
$209B
$18.9M 0.13%
588,274
+60,600
+11% +$2.11M
GE icon
136
GE Aerospace
GE
$384B
$18.9M 0.13%
+476,490
New +$23.1M
NOC icon
137
Northrop Grumman
NOC
$81.2B
$18.9M 0.13%
39,418
-1,952
-5% -$896K
REGN icon
138
Regeneron Pharmaceuticals
REGN
$80.8B
$18.7M 0.13%
31,597
+1,300
+4% +$845K
TSM icon
139
TSMC
TSM
$2.18T
$18.4M 0.13%
224,600
– –
PGR icon
140
Progressive
PGR
$125B
$18.3M 0.13%
157,788
-25,744
-14% -$2.92M
FIS icon
141
Fidelity National Information Services
FIS
$22.1B
$18.3M 0.13%
199,525
+8,300
+4% +$824K
GM icon
142
General Motors
GM
$76.8B
$18.2M 0.12%
572,208
+31,800
+6% +$1.19M
CL icon
143
Colgate-Palmolive
CL
$74.4B
$18.1M 0.12%
226,129
+13,500
+6% +$1.06M
SYK icon
144
Stryker
SYK
$130B
$18.1M 0.12%
90,899
-73,800
-45% -$17.3M
EL icon
145
Estee Lauder
EL
$32B
$17.9M 0.12%
70,238
+1,700
+2% +$431K
TJX icon
146
TJX Companies
TJX
$178B
$17.7M 0.12%
316,782
+15,800
+5% +$956K
PNC icon
147
PNC Financial Services
PNC
$101B
$17.6M 0.12%
111,556
+5,600
+5% +$939K
D icon
148
Dominion Energy
D
$59.3B
$17.5M 0.12%
218,967
+14,700
+7% +$1.21M
FDX icon
149
FedEx
FDX
$75.4B
$17.4M 0.12%
76,967
+4,300
+6% +$918K
ATVI
150
DELISTED
Activision Blizzard
ATVI
$17.4M 0.12%
222,921
+6,500
+3% +$506K
4 5
6
7 8

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.