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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
LRCX icon
151
Lam Research
LRCX
$390B
$17.2M 0.12%
402,800
+18,000
+5% +$857K
F icon
152
Ford
F
$55.7B
$17.1M 0.12%
1,534,879
+60,000
+4% +$822K
TFC icon
153
Truist Financial
TFC
$64B
$17M 0.12%
359,443
+22,800
+7% +$1.12M
CSX icon
154
CSX Corp
CSX
$93.1B
$17M 0.12%
586,584
+27,200
+5% +$887K
FISV
155
Fiserv Inc
FISV
$27.9B
$16.2M 0.11%
182,006
+5,400
+3% +$524K
EQIX icon
156
Equinix
EQIX
$103B
$16.2M 0.11%
24,617
+1,900
+8% +$1.32M
HUM icon
157
Humana
HUM
$46.2B
$16M 0.11%
34,125
+1,700
+5% +$756K
ITW icon
158
Illinois Tool Works
ITW
$84.5B
$15.9M 0.11%
87,136
+1,700
+2% +$340K
WM icon
159
Waste Management
WM
$91B
$15.8M 0.11%
103,088
+6,000
+6% +$940K
SLB icon
160
SLB Ltd
SLB
$75B
$15.7M 0.11%
440,138
-16,300
-4% -$680K
PSA icon
161
Public Storage
PSA
$61.3B
$15.7M 0.11%
50,131
+2,100
+4% +$727K
AON icon
162
Aon
AON
$76B
$15.5M 0.11%
57,358
+3,200
+6% +$920K
PXD
163
DELISTED
Pioneer Natural Resource Co.
PXD
$15.2M 0.1%
68,277
+5,700
+9% +$1.45M
DG icon
164
Dollar General
DG
$27.9B
$15.2M 0.1%
61,754
+3,300
+6% +$770K
ICLR icon
165
Icon
ICLR
$12.7B
$15.1M 0.1%
69,670
+10,600
+18% +$2.38M
GD icon
166
General Dynamics
GD
$106B
$15.1M 0.1%
68,200
+3,200
+5% +$736K
IDXX icon
167
Idexx Laboratories
IDXX
$46.2B
$15M 0.1%
42,655
+2,600
+6% +$1.06M
MCO icon
168
Moody's
MCO
$82.7B
$14.7M 0.1%
54,106
+13,300
+33% +$3.98M
CHTR icon
169
Charter Communications
CHTR
$18.2B
$14.7M 0.1%
31,297
+1,200
+4% +$585K
CNC icon
170
Centene
CNC
$32.5B
$14.6M 0.1%
173,027
+5,000
+3% +$415K
NSC icon
171
Norfolk Southern
NSC
$75.1B
$14.6M 0.1%
64,290
+3,800
+6% +$933K
MRNA icon
172
Moderna
MRNA
$23.6B
$14.5M 0.1%
101,341
-1,500
-1% -$214K
SHW icon
173
Sherwin-Williams
SHW
$89.8B
$14.5M 0.1%
64,556
-5,968
-8% -$1.53M
APD icon
174
Air Products & Chemicals
APD
$67.6B
$14.4M 0.1%
59,821
+3,900
+7% +$948K
BSX icon
175
Boston Scientific
BSX
$71.5B
$14.4M 0.1%
385,708
+26,300
+7% +$1.07M
5 6
7
8 9

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.